NOT LISTED FOR SALE

4887 County Home Rd Unit A1-J2 Conover, NC 28613

Saint Stephens Area
60 Beds
54 Baths
30,714 Sq Ft
3.9 Acre Lot

Sale Details

Date Sold: April 13, 2022

Last sale price $2,600,000 $85 Per Sq Ft

70 Days on Market

Highlights

  • Recreation Facilities
  • Front Porch
  • Living Room
  • Snow Creek Elementary School Rated A-
  • Patio
  • Laundry Room

About This Home

As of April 2022

Crosstown Apartments: 24 units (2-story, 2 bedroom, 1.5 bath) and 6 units (1-story, 2 bedroom, 1 bath) = 30 total rental units. Most recent rental rates are $795/month & $800/month. Onsite dog park and recreation area make outdoor play convenient. All but one of the 1-story units have a covered carport or detached garage. The large paved parking lot offers plenty of parking for all other residents and visitors. In 2021 we performed a significant crawlspace renovation project which made the foundations look great (invoices available upon request). Owner pays Hickory city water, Republic trash service, street lights, and all maintenance (expenses avaible upon request). There are 18 septic tanks on the property servicing the apartments. February 2022 rent roll = $19,940; 2021 expenses averaged $2,067/month, which includes renovating units as they become vacant. This investment property has a long profitable future ahead of it.

Last Agent to Sell the Property

Hayden Thornburg

Thornburg & Associates, Inc. License #288437 Listed on: 02/02/2022

Last Buyer's Agent

Alicia Debnam

Fathom Realty NC LLC License #301467

Fathom Realty NC LLC
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • Fenced
  • Level Lot

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 30,714 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 60 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Patio
  • Outbuilding
  • Front Porch

Schools

  • Snow Creek Elementary School
  • Arndt Middle School
  • St. Stephens High School

Utilities

  • Central Heating
  • Heat Pump System
  • Baseboard Heating
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Rent includes garbage pick-up, management, sewer, water
  • Assessor Parcel Number 3734172034700000

Community Details

Overview

  • 2 Units

Recreation

  • Recreation Facilities
  • Dog Park

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

3.9 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1974
  • Ratio Current Price By Acre: 666666.67
  • Road Surface Type: Asphalt
  • Structure Type: Apartments
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Linoleum, Vinyl
  • Fixture Exception Yn: 0
  • Porch: Back,Front,Patio
  • Room Other: Bathroom(s),Bedroom(s),Dining Area,Kitchen,Laundry,Living Room,Utility
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Oven, Electric Range, Refrigerator
  • Full Bathrooms: 30
  • Half Bathrooms: 24
  • Total Bedrooms: 60
  • Living Area: 30714
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1056
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 1035

Exterior Features

  • Exterior Features: Fence, Outbuilding(s), Storage, Wired Internet Available
  • New Construction: No
  • Tax Location: Catawba
  • Construction Type: Site Built
  • Property Features: Cable Available,Dishwasher,Range/Oven,Refrigerator,Storage Room
  • Construction Type: Brick Partial, Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Lot, Parking Space - 2

Utilities

  • Heating: Central, Baseboard, Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level, Closet, Utility Room
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Dog Park, Recreation Area, Street Lights

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 3734172034700000
  • Zoning Description: R-20

Rental Info

  • Rent Includes: Garbage Pick-up, Management, Sewer, Water
  • Tenant Pays: Electricity
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 4.16605

Multi Family

  • Number Of Units Total: 30
  • Unit Count: 2

MLS Schools

  • Elementary School: Snow Creek
  • High School: St. Stephens

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,600,000 None Listed On Document
Cr Real Estate Investments Llc $1,500,000 None Listed On Document
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 $1,950,000
Previous Owner Cr Real Estate Investments Llc $1,275,000
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
04/13/2022 04/13/22 Sold $2,600,000 -7.1% $85 / Sq Ft
02/02/2022 02/02/22 For Sale $2,800,000 -- $91 / Sq Ft
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
2026 $10,996 $2,759,300 $0 $2,759,300
2025 $14,417 $2,759,300 $47,700 $2,711,600
2024 $14,417 $2,759,300 $47,700 $2,711,600
2023 $13,865 $672,100 $65,300 $606,800
2022 $4,671 $672,100 $65,300 $606,800
2021 $4,671 $672,100 $65,300 $606,800
2020 $4,671 $672,100 $65,300 $606,800
2019 $4,671 $672,100 $0 $0
2018 $4,053 $583,100 $65,300 $517,800
2017 $4,053 $0 $0 $0
2016 $4,053 $0 $0 $0
2015 $4,753 $583,100 $65,300 $517,800
2014 $4,753 $791,600 $78,300 $713,300
Source: Public Records

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Map

Source: Canopy MLS

MLS Number: 3826265

Canopy MLS
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