NOT LISTED FOR SALE

414 S Washington St Shelby, NC 28150

Estimated Value: $546,460

7 Beds
6 Baths
5,033 Sq Ft
$109/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $485,000 $96 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,250/month

6 Days on Market

Highlights

  • Wooded Lot
  • Laundry Room
  • High Speed Internet
  • Living Room

About This Home

As of April 2022

INVESTOR SPECIAL! LOCATION, LOCATION, LOCATION - Do Not Miss Out on a Rare Opportunity to Own this Charming 6-Unit Multi-Family Invesment Property in The Historic Downtown of Shelby! You Will Love What This Property Has to Offer. Featuring Unmatchable Walkability, Beautiful, Low Maintenace Landscaping, Ample Parking, Genuine Hardwood Flooring throughout, and On-Site Laundry. 6.90% Cap Rate. Please Call for Income and Expenses - This Is a Great Value Add Property, All Units and Rents are Currently Under Markert

Agent is related to the owner

Last Agent to Sell the Property

Taylor Hurwitz

S & S Acquisitions LLC License #323632 Listed on: 03/03/2022

Last Buyer's Agent

Joy Pharr

Ivester Jackson Blackstream License #270806

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,681

Year Built

  • Built in 1920

Lot Details

  • Wooded Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,033 Sq Ft Home
  • Living Room
  • Electric Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, water
  • Rent includes gas
  • Assessor Parcel Number 17189
  • Tax Block 1807

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,681

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1920
  • Ratio Current Price By Acre: 1418128.65
  • Road Surface Type: Concrete, Gravel
  • Structure Type: Sixplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fixture Exception Yn: 0
  • Sq Ft Unheated Basement: 1361
  • Room Other: Basement,Bathroom(s),Bedroom(s),Kitchen,Laundry,Living Room
  • Appliances: Cable Prewire, Electric Cooktop
  • Full Bathrooms: 6
  • Total Bedrooms: 7
  • Living Area: 5033

Exterior Features

  • Exterior Features: Storage, Wired Internet Available
  • New Construction: No
  • Tax Location: Shelby
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 3 Car, Driveway, On Street, Other

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: In Basement
  • Water Source: Public

Schools

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

Lot Info

  • Lot Features: Wooded
  • Lot Size Units: Acres
  • Parcel Number: 17189
  • Plat Book Slide: 1741
  • Lot Size: 14915
  • Zoning Description: R6

Rental Info

  • Rent Includes: Gas, See Remarks
  • Tenant Pays: Cable TV, Water
  • Pets Allowed: Conditional

Tax Info

  • Tax Block: 1807
  • RATIO List Price By Tax Amount: 1.89100

Multi Family

  • Number Of Units Total: 6
  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 26, 2022
Sold by
Spazzis Llc
Bought by
Washington St Investments Llc
Seller's Agent
Taylor Hurwitz
S & S Acquisitions LLC
Buyer's Agent
Joy Pharr
Ivester Jackson Blackstream
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$546,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,460
Avg. Annual Appreciation
3.47%
Original Mortgage
$363,752
Outstanding Balance
$341,940
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$204,521
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
Washington St Investments Llc $485,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington St Investments Llc $363,752
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $485,000 0.0% $96 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $485,000 -- $96 / 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 $4,681 $470,413 $35,226 $435,187
2024 $3,874 $309,048 $34,247 $274,801
2023 $3,224 $256,478 $34,247 $222,231
2022 $3,224 $256,478 $34,247 $222,231
2021 $3,241 $256,478 $34,247 $222,231
2020 $2,702 $206,780 $34,247 $172,533
2019 $2,569 $206,780 $34,247 $172,533
2018 $2,569 $206,780 $34,247 $172,533
2017 $2,504 $206,780 $34,247 $172,533
2016 $2,517 $206,780 $34,247 $172,533
2015 $2,228 $192,929 $34,247 $158,682
2014 $2,228 $192,929 $34,247 $158,682
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3834840

Canopy MLS (Canopy Realtor® Association)

APN: 17189