NOT LISTED FOR SALE

332 Ferry Rd Unit 338 Forest City, NC 28043

Estimated Value: $151,000 - $222,000

4 Beds
2 Baths
1,824 Sq Ft
$104/Sq Ft Est. Value

Last Sold April 06, 2021

Last sale price $136,000 $75 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,097/month

3 Days on Market

About This Home

As of April 2021

Realtors bring your investor buyers! This property will not last long. This duplex features 2 bedrooms and one bathroom in each unit. Both units have been updated with new flooring updated bathrooms and kitchens, new water heaters have been installed in each unit. Roof was completely redone within the last year. You can live on one side and collect rent from the other and live mortgage free or rent each unit. This home is conveniently located just 13 minutes from everything downtown Forest City has to offer! Located close to highways and shopping this duplex is perfect for first time or seasoned investors!

Last Agent to Sell the Property

Marla Machado

LPT Realty, LLC License #310915 Listed on: 02/25/2021

LPT Realty, LLC

Co-Listed By

Scott Browne

Keller Williams Professionals License #146747

Last Buyer's Agent

Chloe Beutler

Epique Inc. License #293228

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.4

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Additional Features

  • Vinyl Plank Flooring
  • 2 Full Bathrooms
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 1556-20-4207

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.97143
  • Ratio Close Price By Original Li: 0.97143
  • Ratio Current Price By Acre: 340000.00
  • Ratio Current Price By Sq Ft: 74.56
  • Year Built: 1971
  • Property Features: Attic Other, Cable Available
  • Special Features: None

Interior Features

  • Foundation Details: Concrete, Slab
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Dryer, Electric Oven, Electric Range, Refrigerator, Washer
  • Fixture Exception Description: See agent remarks.
  • Fixture Exception Yn: Yes
  • Flooring: Vinyl Plank
  • Laundry Location: Main
  • Total Sq Ft: 1824

Exterior Features

  • Construction: Brick Full, Shingle
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Parking Space - 4+

Utilities

  • Heating: Electric Baseboard Heat, Window Unit
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Parcel Number: 1556-20-4207
  • Zoning Specification: R1

Tax Info

  • Tax Value: 67300.00
  • Tax Location: Forest City

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2021
Sold by
Sparks Matthew J
Bought by
Sparks Stephen P
Current Estimated Value
$189,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Outstanding Balance
$90,765
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$99,080

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 1, 2021
Sold by
Mannello Tonya and Mannello Wayne
Bought by
Sparks Matthew
Seller's Agent
Marla Machado
LPT Realty, LLC
Buyer's Agent
Chloe Beutler
Epique Inc.
List Price
$140,000
Sold Price
$136,000
Premium/Discount to List
-$4,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.55%

Purchase Details

Listed on
Aug 17, 2020
Closed on
Oct 6, 2020
Sold by
Kunz Nathan John and Kunz Morgan Elizabeth
Bought by
Mannello Tonya
Seller's Agent
Morgan Kunz
Keller Williams Select
Buyer's Agent
Mavis Schlichtmann
Keller Williams Professionals
List Price
$132,000
Sold Price
$127,500
Premium/Discount to List
-$4,500
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%

Purchase Details

Closed on
Jun 11, 2020
Sold by
Kunz Nathan John and Kunz Morgan Elizabeth
Bought by
Kunz Nathan John and Kunz Morgan Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,400
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2020
Sold by
Ochs Robert and Ochs Nancy
Bought by
Kunz Nathan John and Kunz Morgan Elizabeth

Purchase Details

Closed on
Jun 5, 2007
Sold by
Motsinger Donald L and Motsinger Louinice S
Bought by
Ochs Robert and Ochs Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.1%
Mortgage Type
Commercial
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
Sparks Stephen P $133,000 None Available
Sparks Matthew $136,000 None Available
Mannello Tonya $127,500 None Available
Kunz Nathan John -- Timios Inc
Kunz Nathan John $100,500 None Available
Ochs Robert $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sparks Stephen P $99,750
Previous Owner Kunz Nathan John $71,400
Previous Owner Ochs Robert $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/06/2021 04/06/21 Sold $136,000 -2.9% $75 / Sq Ft
03/01/2021 03/01/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $140,000 +9.8% $77 / Sq Ft
10/06/2020 10/06/20 Sold $127,500 0.0% $71 / Sq Ft View Prior Sale
09/16/2020 09/16/20 Pending -- -- --
09/13/2020 09/13/20 Price Changed $127,500 -3.4% $71 / Sq Ft
08/17/2020 08/17/20 For Sale $132,000 -- $73 / Sq Ft
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 $1,193 $126,000 $16,500 $109,500
2024 $906 $126,000 $16,500 $109,500
2023 $744 $126,000 $16,500 $109,500
2022 $744 $81,100 $13,200 $67,900
2021 $723 $81,100 $13,200 $67,900
2020 $614 $67,300 $13,200 $54,100
2019 $598 $67,300 $13,200 $54,100
2018 $537 $57,500 $7,500 $50,000
2016 $515 $57,500 $7,500 $50,000
2013 -- $57,500 $7,500 $50,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3710555

Canopy MLS (Canopy Realtor® Association)

APN: 907829