NOT LISTED FOR SALE

329 Wells Dr Forest City, NC 28043

Estimated Value: $369,438 - $374,000

8 Beds
4 Baths
-- Sq Ft
2.81 Acres

Last Sold March 20, 2014

Last sale price $150,000

Est. 148% increase in value since last sale

Current estimated payment $2,195/month

317 Days on Market

About This Home

As of March 2014

Bank-owned income property! Excellent upside with proper management. Value-add opportunity to heal the cash flow and occupancy. 17 unit apartment property, with 6 occupied. 3 one-story buildings & 1 two-story townhome building. Bank has local property management firm for showings. Please call list agent first. Do not disturb tenants. Rutherford County PIN #s 429785, 429786, 429787, 417098, for addresses 329,331, 339, 351, 353, 361, 363 Wells Dr.

Last Buyer's Agent

Jason Burk

Whitney Commercial Real Estate License #173807

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,885

Year Built

  • Built in 1983

Lot Details

  • 2.81

Interior Spaces

  • 1-Story Property
  • Laminate Flooring

Listing and Financial Details

  • Assessor Parcel Number 429785

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,885

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.93809
  • Ratio Close Price By Original Li: 0.65246
  • Ratio Current Price By Acre: 53380.78
  • Year Built: 1983
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate Tile

Utilities

  • Heating: Electric Baseboard Heat, Electric Hot Air, Window Unit
  • Sewer: City Sewer
  • Water: City Water

Lot Info

  • Parcel Number: 429785
  • Zoning Specification: R8

Multi Family

  • Number Of Units Total: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Stoked Properties & Investments Llc
Bought by
Godfrey Jason B and Godfrey Misty
Current Estimated Value
$371,719

Purchase Details

Closed on
Nov 19, 2021
Sold by
Reic Llc
Bought by
Secure Inc

Purchase Details

Listed on
Apr 22, 2013
Closed on
Mar 17, 2014
Sold by
Td Bank Na
Bought by
Stoked Properties & Investments Llc
Buyer's Agent
Jason Burk
Whitney Commercial Real Estate
List Price
$229,900
Sold Price
$150,000
Premium/Discount to List
-$79,900
-34.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.12%

Purchase Details

Closed on
Feb 7, 2005
Sold by
Salik Scott M
Bought by
S Michael Properties Llc

Purchase Details

Closed on
Apr 15, 2003
Bought by
Td Bank Na
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Godfrey Jason B $750,000 None Available
Secure Inc $275,000 Lane Peter E
Stoked Properties & Investments Llc $150,000 None Available
S Michael Properties Llc -- None Avelable
Td Bank Na $390,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2014 03/20/14 Sold $150,000 -34.8% --
03/05/2014 03/05/14 Pending -- -- --
04/22/2013 04/22/13 For Sale $229,900 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,885 $263,400 $39,600 $223,800
2024 $2,788 $263,400 $39,600 $223,800
2023 $1,852 $263,400 $39,600 $223,800
2022 $1,852 $153,300 $39,600 $113,700
2021 $1,376 $153,300 $39,600 $113,700
2020 $1,376 $153,300 $39,600 $113,700
2019 $1,344 $153,300 $39,600 $113,700
2018 $1,230 $137,100 $16,300 $120,800
2016 $1,230 $137,100 $16,300 $120,800
2013 -- $137,100 $16,300 $120,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM537710

Canopy MLS (Canopy Realtor® Association)

APN: 429785