$182,500
SOLD DEC 31, 2019

477 Silver Creek Rd Mill Spring, NC 28756

3 Beds
3 Baths
1,608 Sq Ft
1 Acres

Recently Sold

$113 Per Sq Ft

22% Below List Price

264 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Tennis Courts
  • Level Lot
  • Wood Flooring
  • Many Trees

About This Home

As of November 2020

Two clean, well-maintained units in duplex townhouse building on Silver Creek Road within a quarter mile of Polk County Middle School and Polk County Recreation Complex. One two-bedroom, two bath unit and the other a one-bedroom, one bath. Rental history has been strong, current renter month-to-month.

Last Agent to Sell the Property

Jeff Byrd

Walker Wallace and Emerson Realty License #284170 Listed on: 03/11/2019

Last Buyer's Agent

Jeff Byrd

Walker Wallace and Emerson Realty License #284170 Listed on: 03/11/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2010

Lot Details

  • Level Lot
  • Many Trees

Parking

  • Gravel Driveway
  • Shared Driveway

Home Design

  • Duplex
  • Arts and Crafts Architecture

Interior Spaces

  • 3 Full Bathrooms
  • Insulated Windows
  • Wood Flooring
  • Crawl Space

Utilities

  • Septic Tank

Community Details

  • Tennis Courts
  • Recreation Facilities

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number P70-74

Property Details

Home Type

Multi-Family

Year Built

Built in 2010

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Arts and Crafts
  • Ratio Close Price By List Price: 0.96306
  • Ratio Close Price By Original Li: 0.77660
  • Ratio Current Price By Acre: 182500.00
  • Ratio Current Price By Sq Ft: 113.50
  • Year Built: 2010
  • Property Features: Cable Available, Dishwasher, Porch/Patio, Range/Oven, Refrigerator, Shop - Garage
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Doors and Windows: g-Insulated Door(s), Insulated Windows, Screen Door(s)
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Oven
  • Flooring: Wood
  • Laundry Location: Main, Closet
  • Total Sq Ft: 1608

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel, Shared
  • Parking: Carport - 2 Car, Driveway, Garage - 2 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Recreation Area, Tennis Court(s)

Schools

  • Elementary School: Polk Central
  • Middle School: Polk
  • High School: Polk

Lot Info

  • Lot Features: Level, Paved Frontage, Trees
  • Lot Size Area: 1.000
  • Parcel Number: P70-74
  • Plat Book Slide: E/489
  • Zoning Specification: OPEN

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 178042.00
  • Tax Location: Polk

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Nov 23, 2020
Sold by
Bishton Chanel D
Bought by
Waddell Christopher Eric and Waddell Jennifer Jane
Seller's Agent
Catherine Cunningham
CMC Properties of WNC LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%
Total Days on Market
264
Current Estimated Value
$382,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,610
Avg. Annual Appreciation
11.81%
Original Mortgage
$172,500
Outstanding Balance
$154,895
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$227,715

Purchase Details

Listed on
Aug 10, 2020
Closed on
Oct 7, 2020
Sold by
Bishton Chanel D
Bought by
Waddell Christopher Eric and Waddell Jennifer Jane
Seller's Agent
Catherine Cunningham
CMC Properties of WNC LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Outstanding Balance
$154,895
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$227,715

Purchase Details

Listed on
Mar 11, 2019
Closed on
Dec 30, 2019
Sold by
Young Jonathan H and Young Julius S
Bought by
Bishton Chanel D
Seller's Agent
Jeff Byrd
Walker Wallace and Emerson Realty
Buyer's Agent
Jeff Byrd
Walker Wallace and Emerson Realty
List Price
$235,000
Sold Price
$182,500
Premium/Discount to List
-$52,500
-22.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.31%
Original Mortgage
$136,875
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2009
Sold by
Young Julius Smith and Jonathan Henry Young Trust
Bought by
Young Jonathan Henry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 19, 2006
Sold by
Searcy Jimmy Earl and Searcy Nina P
Bought by
Young Julius Smith and Jonathan Henry Young Trust

Purchase Details

Closed on
Aug 4, 2004
Bought by
Young Jonathan Henry
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 Type Sale Price Title Company
Warranty Deed $230,000 --
Warranty Deed $230,000 None Available
Warranty Deed $182,500 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $60,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $172,500 New Conventional
Previous Owner $172,500 New Conventional
Previous Owner $136,875 New Conventional
Previous Owner $188,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2020 11/23/20 Sold $230,000 -4.1% $148 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $239,900 0.0% $155 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $239,900 +31.5% $155 / Sq Ft
12/31/2019 12/31/19 Sold $182,500 -3.7% $113 / Sq Ft
11/30/2019 11/30/19 Pending -- -- --
09/10/2019 09/10/19 Price Changed $189,500 -5.0% $118 / Sq Ft
06/01/2019 06/01/19 Price Changed $199,500 -7.2% $124 / Sq Ft
05/08/2019 05/08/19 Price Changed $215,000 -4.2% $134 / Sq Ft
04/19/2019 04/19/19 Price Changed $224,500 -4.5% $140 / Sq Ft
03/11/2019 03/11/19 For Sale $235,000 -- $146 / 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 $1,465 $228,987 $25,000 $203,987
2023 $1,465 $228,987 $25,000 $203,987
2022 $1,420 $228,987 $25,000 $203,987
2021 $1,420 $228,987 $25,000 $203,987
2020 $1,181 $178,042 $20,000 $158,042
2019 $1,181 $178,042 $20,000 $158,042
2018 $1,146 $178,042 $20,000 $158,042
2017 $1,119 $181,558 $18,000 $163,558
2016 $1,138 $181,558 $18,000 $163,558
2015 $1,094 $0 $0 $0
2014 $1,094 $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3480825

Canopy MLS (Canopy Realtor® Association)

APN: P70-74