NOT LISTED FOR SALE

501 S Sterling St Morganton, NC 28655

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

6 Beds
4 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold January 05, 2023

Last sale price $385,000

Est. 10% decrease in value since last sale

Current estimated payment $2,012/month

22 Days on Market

Highlights

  • No HOA
  • Robert L. Patton High School Rated A-
  • Wood Siding

About This Home

As of January 2023

Investment opportunity includes two properties (one triplex and one home). Many renovations completed by current owner in the last few years including but not limited to plumbing, HVAC and wiring, drywall, cabinets, flooring, tile and more installed in the house. Limited showing as all units are occupied. Only the house may be shown with at least 24 hour notice until an offer is accepted. Owner must approve showing. Please do not disturb tenants.

Last Agent to Sell the Property

Lee Fox

Broadpoint Real Estate Group Brokerage Email: leeorjerryfox@bellsouth.net License #177710 Listed on: 11/09/2022

Co-Listed By

Brad Hatfield

Infinity Properties Group LLC Brokerage Email: leeorjerryfox@bellsouth.net License #333950

Last Buyer's Agent

Lee Fox

Broadpoint Real Estate Group Brokerage Email: leeorjerryfox@bellsouth.net License #177710 Listed on: 11/09/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,588

Year Built

  • Built in 1937

Lot Details

  • 10,454

Parking

  • 4 Open Parking Spaces

Home Design

  • Triplex
  • Wood Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Hillcrest Elementary School
  • Walter Johnson Middle School
  • Freedom High School

Utilities

  • Window Unit Cooling System
  • Electric Water Heater

Additional Features

  • Electric Range
  • 10,454 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, gas, water
  • The owner pays for exterior maintenance
  • Assessor Parcel Number 1172&4815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,588

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1937
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: leeorjerryfox@bellsouth.net
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Appliances: Electric Range, Electric Water Heater
  • Owner Pays: Exterior Maintenance
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Room Count: 0

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling: Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Walter Johnson
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.24
  • Lot Size Units: Acres
  • Parcel Number: 1172&4815
  • Zoning: R-2
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10454
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Gas, Water
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Hillcrest
  • High School: Freedom

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Dec 20, 2022
Sold by
Carolina Blue Sky Property Llc
Bought by
Moore Mary Kathryn
Seller's Agent
Lee Fox
Broadpoint Real Estate Group
Buyer's Agent
Lee Fox
Broadpoint Real Estate Group
List Price
$424,000
Sold Price
$385,000
Premium/Discount to List
-$39,000
-9.2%
Views
65
Current Estimated Value
$347,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$37,294
Avg. Annual Appreciation
-6.15%

Purchase Details

Closed on
Feb 18, 2020
Sold by
Fisher Ronnie L
Bought by
Carolina Blue Sky Property Llc
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
01/05/2023 01/05/23 Sold $385,000 -9.2% --
11/09/2022 11/09/22 For Sale $424,000 -- --
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: 3921599

Canopy MLS (Canopy Realtor® Association)

APN: 1373