NOT LISTED FOR SALE

405 Park Ave Morganton, NC 28655

Estimated Value: $160,000 - $210,000

2 Beds
1 Bath
-- Sq Ft
0.29 Acres

Last Sold March 18, 2022

Last sale price $65,000

Est. 182% increase in value since last sale

Current estimated payment $1,059/month

18 Days on Market

Highlights

  • Wood Flooring
  • Wrap Around Porch
  • Bungalow
  • Heritage Middle School Rated A-
  • Laundry Room
  • Storm Doors

About This Home

As of March 2022

INVESTMENT OPPORTUNITY IN DREXEL – CLOSE TO MORGANTON & VALDESE!! Located approximately 2 miles from Interstate 40, this home offers investors nice potential for a good ROI. 2BD/1BA, 1283 Sq Ft, Large Rooms, Open Kitchen/Dining, Wrap Around Porch, Outbuilding! Spectrum cable & Internet available in the area. Town of Drexel offers trash pickup, public water, and public sewer. Move fast, as this will not last long! **This home is awaiting a survey to be detached from the larger parcel of land that it's on. Sketch of potential/approximate lines available. Actual lot size and property lines are to be determined by the new survey. CASH ONLY SALE, HOME WILL NOT QUALIFY FOR CONVENTIONAL FINANCING.

Last Agent to Sell the Property

Tony Colella

Western Piedmont Real Estate, LLC License #279192 Listed on: 11/18/2021

Last Buyer's Agent

John Henderson

Rus/D Real Estate License #291676

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • Level Lot
  • Property is zoned R8, R-8

Parking

  • Driveway

Home Design

  • Bungalow
  • Asbestos

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Wrap Around Porch
  • Outbuilding

Schools

  • Drexel Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Additional Features

  • Laundry Room
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2723695447

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1924
  • Ratio Current Price By Acre: 224137.93
  • Restrictions: No Representation
  • Doors and Windows: Storm Door(s)
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Outside Entrance
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Wood
  • Interior Amenities: Cable Available
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 0
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 1283
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1283
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Covered,Front,Porch-Wrap Around,Side
  • Appliances: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Roof: Fiberglass
  • Tax Location: Drexel
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Asbestos

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: See Remarks
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Heritage
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Sloped
  • Lot Size Units: Acres
  • Parcel Number: 2723695447
  • Lot Size: TBD
  • Zoning Description: R-8

Tax Info

  • RATIO List Price By Tax Amount: 0.61019

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Drexel
  • High School: Jimmy C Draughn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Joe K Byrd Llc
Bought by
York Jeremy and York Diane
Current Estimated Value
$183,272
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
York Jeremy -- None Listed On Document
York Jeremy -- None Listed On Document
York Jeremy -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $65,000 -13.2% --
12/06/2021 12/06/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $74,900 -- --
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 $1,224 $124,543 $15,225 $109,318
2024 $790 $124,543 $15,225 $109,318
2023 $785 $124,543 $15,225 $109,318
2022 $935 $122,748 $26,222 $96,526
2021 $929 $122,748 $26,222 $96,526
2020 $925 $122,748 $26,222 $96,526
2019 $925 $122,748 $26,222 $96,526
2018 $823 $108,011 $26,222 $81,789
2017 $821 $108,011 $26,222 $81,789
2016 $799 $108,011 $26,222 $81,789
2015 $797 $108,123 $26,222 $81,901
2014 $796 $108,123 $26,222 $81,901
2013 $796 $108,123 $26,222 $81,901
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3807087

Canopy MLS (Canopy Realtor® Association)

APN: 29995