NOT LISTED FOR SALE

401 Chestnut Dr High Point, NC 27262

Greater High Point Neighborhood

Estimated Value: $111,000 - $176,000

4 Beds
2 Baths
1,792 Sq Ft
$83/Sq Ft Est. Value

Last Sold July 19, 2016

Last sale price $43,200 $24 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $851/month

75 Days on Market

About This Home

As of July 2016

GREAT INVESTMENT OPPORTUNITIES! CLOSE TO HIGH SCHOOL AND PARKS! FULLY RENTED. CALL FOR RENTAL INCOME INFORMATION. SELLER HAS 4 OTHER DUPLEXES FOR SALE! THEY PREFER TO SELL THE 5 BUILDINGS AS A PACKAGE. ONLY 2 VACANT UNITS ON ALL 5 BUILDINGS! DO NOT APPROACH TENANTS! SEE AGENT ONLY!

Last Agent to Sell the Property

Ryan Wall

Providence Realty License #241264 Listed on: 03/09/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $654

Year Built

  • Built in 1950

Lot Details

  • 6,534

Home Design

  • Duplex

Utilities

  • Floor Furnace
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • 2-Story Property
  • 6,534 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0187597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$654

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.15
  • Directions: MAIN STREET TO RIGHT ON ENGLISH, RIGHT ON CHESTNUT, BUILDING ACROSS FROM HIGH SCHOOL ATHLETIC FIELDS
  • Building Stories: 2
  • Year Built: 1950
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Floor Furnace, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0187597
  • Zoning: RM-8
  • TRIADMLS_PlatBook: 3-7
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 654
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2016
Closed on
Jul 7, 2016
Sold by
Tilley Joyce Gray and Gray Ann Lee
Bought by
Options Properties Llc
Seller's Agent
Ryan Wall
Providence Realty
List Price
$54,900
Sold Price
$43,200
Premium/Discount to List
-$11,700
-21.31%
Current Estimated Value
$152,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,133
Avg. Annual Appreciation
13.84%
Original Mortgage
$172,800
Outstanding Balance
$136,725
Interest Rate
3.64%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$11,608

Purchase Details

Closed on
Dec 31, 1991
Bought by
Tilley Joyce Gray
Source: Public Records
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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
Options Properties Llc $216,000 None Available
Tilley Joyce Gray -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Options Properties Llc $172,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2016 07/19/16 Sold $43,200 -21.3% $24 / Sq Ft
05/24/2016 05/24/16 Pending -- -- --
03/09/2016 03/09/16 For Sale $54,900 -- $31 / Sq Ft
Source: Triad MLS

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 $714 $51,800 $10,000 $41,800
2024 $714 $51,800 $10,000 $41,800
2023 $714 $51,800 $10,000 $41,800
2022 $698 $51,800 $10,000 $41,800
2021 $633 $45,900 $6,400 $39,500
2020 $633 $45,900 $6,400 $39,500
2019 $633 $45,900 $0 $0
2018 $629 $45,900 $0 $0
2017 $633 $45,900 $0 $0
2016 $654 $44,900 $0 $0
2015 $657 $46,600 $0 $0
2014 $668 $46,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ryan Wall

    Seller's Agent in 2016

    Ryan Wall

    Providence Realty

    (336) 883-5377

    10 in this area

    77 Total Sales

    Ryan Wall
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Map

Source: Triad MLS

MLS Number: 786540

Triad MLS

APN: 0187597

North Carolina Guilford County High Point 27262 Greater High Point

401 Chestnut Dr, High Point, NC

Not Listed for Sale

MultiFamily

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