NOT LISTED FOR SALE

501 and 503 Sterling St Morganton, NC 28655

Estimated Value: $332,412 - $363,000

3 Beds
3 Baths
2,997 Sq Ft
$116/Sq Ft Est. Value

Last Sold February 18, 2020

Last sale price $190,000 $63 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,012/month

7 Days on Market

About This Home

As of February 2020

REAR OPPORTUNITY IN DOWNTOWN MORGANTON NC! 3 unit apartment building on a corner lot on one of the busiest blocks in the county. Zoned central business for lots of possibilities for the new owner. Long standing rental history currently generating $1450/mo in rental income. Consists on a ground floor 2 br unit, a 1 br on the 2nd floor, plus a studio apartment.
NOTE: Sold together with 503 Sterling St, MLS 3566258

Last Agent to Sell the Property

Jason Dale

Vylla Home License #261328 Listed on: 11/04/2019

Vylla Home

Last Buyer's Agent

Kevin Brown

Charlotte Living Realty License #273423

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 10,454

Additional Features

  • 3 Full Bathrooms
  • Corner Lot

Listing and Financial Details

  • Tenant pays for cable
  • Rent includes all utilities
  • Assessor Parcel Number 1373

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Ratio Close Price By List Price: 1.46266
  • Ratio Close Price By Original Li: 1.46266
  • Ratio Current Price By Acre: 791666.67
  • Ratio Current Price By Sq Ft: 63.40
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Total Sq Ft: 2997

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Parking: Driveway

Utilities

  • Heating: Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: City View, Corner Lot
  • Lot Size Area: 0.240
  • Parcel Number: 1373
  • Zoning Specification: AA4

Rental Info

  • Rent Includes: All Utilities
  • Tenant Pays: Cable

Tax Info

  • Tax Value: 110271.00
  • Tax Location: Burke

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2022
Sold by
Carolina Blue Sky Property Llc
Bought by
Moore Mary Kathryn
Current Estimated Value
$347,706

Purchase Details

Listed on
Nov 4, 2019
Closed on
Feb 18, 2020
Sold by
Fisher Ronnie L
Bought by
Carolina Blue Sky Property Llc
Seller's Agent
Jason Dale
Vylla Home
Buyer's Agent
Kevin Brown
Charlotte Living Realty
List Price
$129,900
Sold Price
$190,000
Premium/Discount to List
$60,100
46.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.13%
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
Moore Mary Kathryn $38,500 --
Carolina Blue Sky Property Llc $190,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold $190,000 +46.3% $63 / Sq Ft
11/11/2019 11/11/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $129,900 -- $43 / 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 $1,588 $233,813 $44,100 $189,713
2023 $1,573 $233,813 $44,100 $189,713
2022 $1,206 $138,191 $44,100 $94,091
2021 $1,188 $138,191 $44,100 $94,091
2020 $1,165 $110,271 $44,100 $66,171
2019 $982 $110,271 $44,100 $66,171
2018 $881 $95,640 $44,100 $51,540
2017 $875 $95,640 $44,100 $51,540
2016 $845 $95,640 $44,100 $51,540
2015 $836 $95,640 $44,100 $51,540
2014 $832 $95,640 $44,100 $51,540
2013 $832 $95,640 $44,100 $51,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3566255

Canopy MLS (Canopy Realtor® Association)

APN: 1373