NOT LISTED FOR SALE

Estimated Value: $507,000 - $1,024,000

2 Beds
1 Bath
5,100 Sq Ft
$129/Sq Ft Est. Value

Last Sold January 31, 2017

Last sale price $600,000 $118 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,748/month

Highlights

  • Cooling Available
  • Central Heating
  • Property has 1 Level

About This Home

As of January 2017

8 Rental Homes located on 3.06 acres. 100% Occupancy. Approx. $5,400 monthly income. Property has been in same family since built in 1945. Could be rezoned for other uses (retail, warehouse, office, etc.) now or in the future. Apartments next door.

Last Agent to Sell the Property

Kelly McDaniel

WEICHERT, REALTORS - Southern Realty Partners License # 256414 Listed on: 11/14/2016

WEICHERT, REALTORS - Southern Realty Partners

Co-Listed By

Mark McDaniel

Southeastern Commercial Properties, Inc. License #236689

Last Buyer's Agent

Allyson Krebs

Synergy Real Estate Group, Inc. License # 302782

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,944

Year Built

  • Built in 1945

Lot Details

  • 2.4

Home Design

  • Stone Siding

Interior Spaces

  • 5,100 Sq Ft Home
  • Property has 1 Level

Schools

  • Amqui Elementary School
  • Brick Church Middle School
  • Hunters Lane Comp High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,800
  • Assessor Parcel Number 05010026000

Community Details

Overview

  • 8 Units
  • Brick Church Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,944

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1945
  • Inclusions: NOFUR
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Other
  • Above Grade Finished Sq Ft: 5100
  • Building Area Units: Square Feet
  • Living Area: 5100
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Stone
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: R8
  • Lot Size: 3.06 acres
  • Lot Size Units: Acres
  • Parcel #: 05010026000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 1
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 8
  • Annual Operating Expense: 1
  • Total Actual Rent: 2800

Tax Info

  • Tax Annual Amount: 1944

MLS Schools

  • Elementary School: Amqui Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Brick Church Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2016
Closed on
Jan 16, 2017
Sold by
Lewis Carolene M
Bought by
Nikravan Erik
Seller's Agent
Kelly McDaniel
WEICHERT, REALTORS - Southern Realty Partners
Buyer's Agent
Allyson Krebs
Synergy Real Estate Group, Inc.
List Price
$175,000
Sold Price
$600,000
Premium/Discount to List
$425,000
242.86%
Current Estimated Value
$657,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,123
Avg. Annual Appreciation
1.04%
Original Mortgage
$480,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 10, 2011
Sold by
Lewis Carolene Marie and Maddox Tommy
Bought by
Lewis Carolene M
Source: Public Records

Range of Values:

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Average Value
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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
Nikravan Erik $600,000 Magnolia Title & Escrow
Lewis Carolene M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nikravan Erik $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2019 06/26/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $175,000 -70.8% $34 / Sq Ft
01/31/2017 01/31/17 Sold $600,000 -- $118 / Sq Ft
Source: Realtracs

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
2024 $3,496 $107,450 $45,000 $62,450
2023 $3,496 $107,450 $45,000 $62,450
2022 $3,496 $107,450 $45,000 $62,450
2021 $3,533 $107,450 $45,000 $62,450
2020 $2,794 $73,750 $24,950 $48,800
2019 $2,032 $73,750 $24,950 $48,800
2018 $2,032 $73,750 $24,950 $48,800
2017 $2,032 $73,750 $24,950 $48,800
2016 $1,944 $49,550 $15,000 $34,550
2015 $1,944 $49,550 $15,000 $34,550
2014 $1,944 $49,550 $15,000 $34,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1780806

Realtracs

APN: 050-10-0-260