NOT LISTED FOR SALE

50 Smith Rd Leicester, NC 28748

16 Beds
16 Baths
7,594 Sq Ft
1.9 Acres

Last Sold October 22, 2024

Last sale price $1,200,000 $158 Per Sq Ft

57 Days on Market

Highlights

  • Deck
  • End Unit
  • Cul-De-Sac
  • West Buncombe Elementary School Rated A-
  • Balcony
  • Living Room

About This Home

As of October 2024

Fully leased eight-plex located off New Leicester Hwy. Property is on well and septic with no interior common areas to maintain. Located in a quiet, peaceful and scenic area and close to town. All units have decks and a view. Property management company in place and knows all tenants and the property. See the attached list of expenses. Some of the expenses should be less going forward. Some rents are lower at $1275 and $1400. Others are at market value bringing $1600. The rent amounts could easily all be brought up to market and bring in an additional $1562 a month for the complex.

Last Agent to Sell the Property

Aaron Kraft

House In Order, LLC Brokerage Email: akraft@weichertunlimited.com License #241085 Listed on: 07/02/2024

Last Buyer's Agent

Aaron Kraft

House In Order, LLC Brokerage Email: akraft@weichertunlimited.com License #241085 Listed on: 07/02/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • End Unit
  • Cul-De-Sac
  • Paved or Partially Paved Lot
  • Cleared Lot

Parking

  • 1 Car Garage
  • Driveway
  • Parking Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 7,594 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Crawl Space
  • Fire Sprinkler System
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Outbuilding

Utilities

  • Central Air
  • Heat Pump System
  • Shared Well
  • Septic Tank

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for management, sewer, trash collection, water
  • Assessor Parcel Number 961936186500000

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Eightplex
  • Year Built: 2008
  • Road Surface Type: Asphalt, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: akraft@weichertunlimited.com
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Room Other: Primary Bedroom,Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Room
  • Appliances: Dishwasher, Electric Oven, Refrigerator
  • Owner Pays: Management, Sewer, Trash Collection, Water
  • Above Grade Finished Sq Ft: 7594
  • Basement YN: No
  • Full Bathrooms: 16
  • Total Bedrooms: 16
  • Living Area: 7594
  • Building Stories: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Other Structures: Outbuilding, Other - See Remarks
  • Patio And Porch Features: Balcony, Deck

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Parking Lot

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Fire Sprinkler System
  • Cooling: Central Air, Heat Pump
  • Water Source: Shared Well

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Cleared, Cul-De-Sac, End Unit, Paved, Views
  • Lot Size Units: Acres
  • Parcel Number: 961936186500000
  • Zoning: OU
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OU

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Pets Allowed: Conditional, Breed Restrictions, Number Limit, Size Limit

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2024 10/22/24 Sold $1,200,000 -10.1% $158 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $1,335,000 0.0% $176 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $1,335,000 -- $176 / 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 $2,619 $401,300 $42,400 $358,900
2024 $2,619 $401,300 $42,400 $358,900
2023 $2,619 $401,300 $42,400 $358,900
2022 $2,500 $401,300 $0 $0
2021 $2,500 $401,300 $0 $0
2020 $2,509 $375,100 $0 $0
2019 $2,509 $375,100 $0 $0
2018 $2,472 $375,100 $0 $0
2017 $2,472 $262,600 $0 $0
2016 $1,901 $262,600 $0 $0
2015 $1,901 $262,600 $0 $0
2014 $1,849 $262,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4157433

Canopy MLS (Canopy Realtor® Association)