NOT LISTED FOR SALE

404 E Concord St Unit A & B Morganton, NC 28655

Estimated Value: $470,710 - $504,000

4 Beds
4 Baths
2,304 Sq Ft
$212/Sq Ft Est. Value

Last Sold May 15, 2019

Last sale price $210,000 $91 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $2,802/month

3 Days on Market

Highlights

  • Attached Garage
  • Storm Doors
  • Many Trees
  • Robert L. Patton High School Rated A-
  • High Speed Internet
  • Level Lot

About This Home

As of May 2019

WONDERFULLY MAINTAINED 2 STORY BRICK DUPLEX – GREAT INVESTMENT OPPORTUNITY!! Why pay more for an expensive townhome with costly HOA fees when you can purchase this unrestricted duplex what can also bring you residual income?! This low-maintenance gem has no lawn to keep up, yet it's well-planned landscape design will steal your heart every trip home. Walking distance to Downtown Morganton's restaurants, shopping, and entertainment will be a huge bonus for both tenants and owner-occupants alike! Each of the property's two units have 2 levels with 1152 sq ft, 2BD/1.5BA, a 1-car garage, Private Balcony from the Master, Kitchen Appliances, and an open living area for guests. New Roof in 2012 & a potential 6.5–7.7% CAP RATE for investors! So whether you're an investor looking for income opportunity, or an owner-occupant who'd also like to earn income back on your home, this is truly a great find! Call today for your own private tour! (BY APPOINTMENT ONLY as one unit currently has tenant.)

Last Agent to Sell the Property

Rusty Davis

C Shane Cook & Associates Listed on: 04/25/2019

Last Buyer's Agent

Eleni Zenteno

Berkshire Hathaway HomeServices Blue Ridge REALTORS® License #310734

Berkshire Hathaway HomeServices Blue Ridge REALTORS®

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • Level Lot
  • Many Trees

Parking

  • Attached Garage

Home Design

  • Duplex

Interior Spaces

  • Insulated Windows
  • Crawl Space
  • Storm Doors

Flooring

  • Laminate
  • Vinyl

Utilities

  • High Speed Internet

Listing and Financial Details

  • Tenant pays for all utilities, cable, electricity, garbage pick-up, water
  • Rent includes exterior maintenance
  • Assessor Parcel Number 2703474844

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.95890
  • Ratio Close Price By Original Li: 0.95890
  • Ratio Current Price By Acre: 1312500.00
  • Ratio Current Price By Sq Ft: 91.15
  • Year Built: 1989
  • Property Features: Cable Available, Dishwasher, Porch/Patio, Range/Oven, Refrigerator, Storm Windows/Doors, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows, Storm Door(s)
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Electric Dryer Hookup, Electric Range, Microwave, Refrigerator, Washer, Electric Oven
  • Flooring: Carpet, Laminate Wood, Vinyl
  • Laundry Location: Main, Kitchen
  • Total Sq Ft: 2304

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Wired Internet Available

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 1 Car, On-Street Parking

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Sidewalk, Street Lights

Schools

  • Elementary School: Hillcrest
  • Middle School: Walter Johnson
  • High School: Unspecified

Lot Info

  • Lot Dimension: 93x87x86x86
  • Lot Features: Level, Paved Frontage, Sloping, Trees
  • Lot Size Area: 0.160
  • Parcel Number: 2703474844
  • Zoning Specification: LID

Rental Info

  • Rent Includes: Exterior Maintenance
  • Tenant Pays: All Utilities, Cable, Electricity, Garbage Pick-up, Water

Tax Info

  • Tax Value: 131527.00
  • Tax Location: Morganton

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2024
Sold by
Fiolke Llc
Bought by
Price Henderson Hallie and Martinez Amaro Paola
Current Estimated Value
$487,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,875
Interest Rate
7.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2022
Sold by
Mccann Mark S
Bought by
Flolke Llc

Purchase Details

Closed on
Mar 1, 2022
Sold by
Gary Hensley Richard and Smith Tonya
Bought by
Mccann Mark S

Purchase Details

Listed on
Apr 25, 2019
Closed on
May 3, 2019
Sold by
Mccann Mark S
Bought by
Hensley Richard Gary
Seller's Agent
Rusty Davis
C Shane Cook & Associates
Buyer's Agent
Eleni Zenteno
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
List Price
$219,000
Sold Price
$210,000
Premium/Discount to List
-$9,000
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.25%

Purchase Details

Closed on
Nov 1, 2016
Sold by
Achilles Karen S
Bought by
Mccann Mark S

Purchase Details

Closed on
Aug 17, 2010
Sold by
Achilles Karen S and Schwengel Karen Lee
Bought by
Achilles Karen S and The Karen S Achilles Revocable Living Tr
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
Price Henderson Hallie $425,000 None Listed On Document
Flolke Llc -- Hodges Robert E
Mccann Mark S $580 None Listed On Document
Hensley Richard Gary $210,000 None Available
Mccann Mark S $138,000 Attorney
Achilles Karen S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Price Henderson Hallie $14,875
Open Price Henderson Hallie $417,302
Previous Owner Schwengel Karen S $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2019 05/15/19 Sold $210,000 -4.1% $91 / Sq Ft
04/28/2019 04/28/19 Pending -- -- --
04/25/2019 04/25/19 For Sale $219,000 -- $95 / 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
2024 $1,755 $280,242 $16,128 $264,114
2023 $1,745 $280,242 $16,128 $264,114
2022 $1,273 $159,496 $8,000 $151,496
2021 $1,261 $159,496 $8,000 $151,496
2020 $1,253 $159,496 $8,000 $151,496
2019 $1,058 $131,527 $8,000 $123,527
2018 $1,152 $144,994 $8,000 $136,994
2017 $1,148 $144,994 $8,000 $136,994
2016 $1,116 $144,994 $8,000 $136,994
2015 $1,110 $144,994 $8,000 $136,994
2014 $1,107 $144,994 $8,000 $136,994
2013 $1,107 $144,994 $8,000 $136,994
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3499630

Canopy MLS (Canopy Realtor® Association)

APN: 85