NOT LISTED FOR SALE

504 Lake Ave Spring Lake, NC 28390

Estimated Value: $95,000 - $149,000

3 Beds
2 Baths
1,256 Sq Ft
$96/Sq Ft Est. Value

Last Sold November 20, 2024

Last sale price $107,000 $85 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $751/month

103 Days on Market

Highlights

  • Ranch Style House
  • Window Unit Cooling System
  • Baseboard Heating
  • Porch
  • Luxury Vinyl Tile Flooring
  • Private Driveway

About This Home

As of November 2024

Back on the market at no fault of sellers! Multifamily property with two separate dwelling units on one parcel with room to build a third. One unit is a 2 bed 1 bath home (504 Lake Ave). The second unit is a 1 bed 1 bath home (502 Lake Ave). Each unit boasts fully renovated bathrooms (2023). Perfect opportunity to add two rentals to your portfolio in one purchase.

Last Agent to Sell the Property

Dimitrios Christie

Century 21 Triangle Group License #334075 Listed on: 10/22/2024

Century 21 Triangle Group

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,451

Year Built

  • Built in 1942

Lot Details

  • 9,583 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence

Home Design

  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Wood Siding
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 1,256 Sq Ft Home
  • Basement
  • Crawl Space

Flooring

  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Private Driveway
  • On-Street Parking
  • 2 Open Parking Spaces

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 0501954655

Community Details

Overview

  • 4 Units

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,451

Year Built

Built in 1942

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Year Built: 1942
  • Prop. Type: Residential Income
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1256.0
  • Unit Levels: One
  • New Construction: No
  • General Property Information Basement YN: Yes
  • Architectural Style Ranch: Yes
  • Flooring Luxury Vinyl: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Vinyl: Yes
  • Roof:Shingle: Yes
  • Contract Information Lease Term: Month To Month
  • General Property Information Above Grade Finished Area: 1256.0
  • Common Walls No Common Walls: Yes
  • Disclosures Lead Based Paint: Yes
  • Foundation Details PillarPostPier: Yes
  • Cooling Window Unit(s): Yes
  • General Property Information Lot Size Square Feet2: 9583.0
  • Fencing Chain Link: Yes
  • General Property Information Lot Size Acres: 0.22
  • General Property Information:Living Area3: 1256.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Luxury Vinyl, Vinyl
  • Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Chain Link
  • Acres: 0.22
  • Disclosures: Lead Based Paint, Seller Disclosure
  • Common Walls: No Common Walls
  • Construction Type: Engineered Wood, Vinyl Siding, Wood Siding
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Patio and Porch Features:Porch: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Driveway, On Street
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Baseboard
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Lot Info

  • Lot Size Sq Ft: 9583.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0501954655

Rental Info

  • Tenant Pays: All Utilities
  • Lease Term: Month To Month
  • Owner Pays: None

Tax Info

  • Tax Annual Amount: 1450.51
  • Tax Year: 2024
  • Tax Map Number: 1

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 1
  • Number of Month to Month Units: 1
  • Number Of Units Vacant: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Nov 13, 2024
Sold by
Gd3 Investments Llc
Bought by
Restore It Crew Llc
Seller's Agent
Dimitrios Christie
Century 21 Triangle Group
Buyer's Agent
Non Member
Non Member Office
List Price
$107,900
Sold Price
$107,000
Premium/Discount to List
-$900
-0.83%
Views
14
Current Estimated Value
$120,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,066
Avg. Annual Appreciation
9.74%
Original Mortgage
$130,200
Outstanding Balance
$22,274
Interest Rate
6.32%
Mortgage Type
Construction
Estimated Equity
$97,792

Purchase Details

Closed on
Dec 10, 2021
Sold by
Trioaks Capital Llc
Bought by
Gd3 Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,100
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 14, 2020
Sold by
Koch Norbert and Koch Tracy Lynn
Bought by
Hkp Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Restore It Crew Llc $107,000 None Listed On Document
Restore It Crew Llc $107,000 None Listed On Document
Restore It Crew Llc $107,000 None Listed On Document
Gd3 Investments Llc $340,000 Investors Title Insurance Co
Trioaks Capitals Llc $276,000 None Available
Hkp Properties Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Restore It Crew Llc $130,200
Closed Restore It Crew Llc $130,200
Previous Owner Gd3 Investments Llc $366,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2024 11/20/24 Sold $107,000 -0.8% $85 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $107,900 0.0% $86 / Sq Ft
10/22/2024 10/22/24 For Sale $107,900 -0.9% $86 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
10/07/2024 10/07/24 Price Changed $108,900 -0.1% $87 / Sq Ft
09/04/2024 09/04/24 Price Changed $109,000 -0.5% $87 / Sq Ft
08/23/2024 08/23/24 Price Changed $109,500 -0.5% $87 / Sq Ft
08/13/2024 08/13/24 Price Changed $109,999 -4.3% $88 / Sq Ft
07/18/2024 07/18/24 For Sale $114,999 -- $92 / Sq Ft
Source: Doorify MLS

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 $1,609 $58,673 $5,750 $52,923
2024 $1,609 $45,818 $3,250 $42,568
2023 $1,569 $45,818 $3,250 $42,568
2022 $1,334 $45,818 $3,250 $42,568
2021 $1,334 $45,818 $3,250 $42,568
2019 $1,276 $45,818 $3,250 $42,568
2018 $1,276 $45,818 $3,250 $42,568
2017 $1,276 $45,818 $3,250 $42,568
2016 $1,218 $43,707 $3,250 $40,457
2015 $1,218 $43,707 $3,250 $40,457
2014 $1,218 $43,707 $3,250 $40,457
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10042158

Doorify MLS

APN: 0501-95-4655

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