NOT LISTED FOR SALE

405 Park Ave Morganton, NC 28655

Drexel Area

Estimated Value: $146,000 - $197,000

2 Beds
1 Bath
-- Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: March 18, 2022

Last sale price $65,000

Est. 169% increase in value since last sale

Current estimated payment $1,066 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Wrap Around Porch
  • Outbuilding

Schools

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

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2723695447

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0.29 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2024
Sold by
Joe K Byrd Llc
Bought by
Current Estimated Value
$174,744

Purchase Details

Closed on
Mar 18, 2021
Sold by
Joe K Byrd Llc
Bought by
York Jeremy and York Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3.55%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Morganton, NC

  • Stephen Kue Real Estate Agent - Century 21 American Homes

    Stephen Kue

    Century 21 American Homes

    (828) 523-9046

    159 Total Sales

    1 in Drexel

    $36,000 Price

    Stephen Kue
     Section Image
  • Rebecca Lafunor Real Estate Agent - Real Broker, LLC

    Rebecca Lafunor

    Real Broker, LLC

    (828) 672-3911

    79 Total Sales

    1 in Drexel

    $409,000 Price

    Rebecca Lafunor
     Section Image
  • Donna M. Laws Real Estate Agent - Foothills Realty, LLC

    Donna M. Laws

    Foothills Realty, LLC

    (828) 929-1708

    254 Total Sales

    1 in Drexel

    $170,000 Price

    Donna M. Laws
     Section Image
  • Michelle Galloway Real Estate Agent - RE/MAX Legendary

    Michelle Galloway

    RE/MAX Legendary

    (920) 547-3983

    90 Total Sales

    1 in Drexel

    $325,000 Price

    Michelle Galloway
     Section Image
  • Nichole Sedberry Real Estate Agent - True North Realty

    Nichole Sedberry

    True North Realty

    (843) 703-1912

    28 Total Sales

    2 in Drexel

    $85K - $455K Price Range

    Nichole Sedberry
     Section Image
  • Scott David Real Estate Agent - Keller Williams Lake Norman

    Scott David

    Keller Williams Lake Norman

    (980) 580-8869

    165 Total Sales

    1 in Drexel

    $228,000 Price

    Scott David
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
York Jeremy $130 Daniel Warren T
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $52,000
Previous Owner York Jeremy $55,000
Previous Owner York Jeremy $55,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Tony Colella Real Estate Agent - Western Piedmont Real Estate, LLC

    Seller's Agent in 2022

    Tony Colella

    Western Piedmont Real Estate, LLC

    (828) 301-4290

    76 Total Sales

    Tony Colella
    Section Image
  • John Henderson Real Estate Agent - Rus/D Real Estate

    Buyer's Agent in 2022

    John Henderson

    Rus/D Real Estate

    (828) 390-2020

    62 Total Sales

    John Henderson
    Section Image
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Map

Source: Canopy MLS

MLS Number: 3807087

Canopy MLS

APN: 29995

North Carolina Burke County Morganton 28655

405 Park Ave, Morganton, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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