NOT LISTED FOR SALE

505 E Hudson St Monroe, NC 28112

Estimated Value: $262,000 - $333,000

6 Beds
2 Baths
2,240 Sq Ft
$126/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $172,500 $77 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,652/month

20 Days on Market

About This Home

As of November 2020

***AWESOME INVESTOR OPPORTUNITY-8% + CAP Rate!*** Full brick duplex with good rental history. Plenty of parking space in both units and nice size backyard. Tenants have been in the units for over 4 years and they are willing to stay thru end of lease. Good potential for rent increase. Roof is about 8 yrs old. A/C unit and water heaters are not that old either. Tenants own all appliances. Sold "As Is". Information deemed accurate when listed, but not guaranteed. Buyer and/or buyer's agent to confirm all information deemed important. Lease just signed and extends through July 2021.

Last Agent to Sell the Property

Buddy Frey

Keller Williams Unlimited License #205339 Listed on: 09/16/2020

Keller Williams Unlimited

Last Buyer's Agent

Valerie Yates

NorthGroup Real Estate LLC License #288083

NorthGroup Real Estate LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.3

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Slab Foundation

Additional Features

  • Vinyl Flooring
  • 2 Full Bathrooms

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 09-231-101

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.97183
  • Ratio Close Price By Original Li: 0.93243
  • Ratio Current Price By Acre: 575000.00
  • Ratio Current Price By Sq Ft: 77.01
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Equipment: Ceiling Fan(s), Electric Dryer Hookup
  • Fixture Exception Description: Range, dishwasher
  • Fixture Exception Yn: Yes
  • Flooring: Vinyl
  • Laundry Location: Main
  • Total Sq Ft: 2240

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Size Area: 0.300
  • Parcel Number: 09-231-101
  • Zoning Specification: SFR

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 87700.00
  • Tax Location: Union

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Nov 5, 2020
Sold by
Chay Elver Udiel Barrios and Barrios Melissa Siegel
Bought by
South Central Charlotte Properties Llc
Seller's Agent
Buddy Frey
Keller Williams Unlimited
Buyer's Agent
Valerie Yates
NorthGroup Real Estate LLC
List Price
$185,000
Sold Price
$172,500
Premium/Discount to List
-$12,500
-6.76%
Current Estimated Value
$274,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,818
Avg. Annual Appreciation
8.36%

Purchase Details

Listed on
May 18, 2018
Closed on
Jul 9, 2018
Sold by
Rodriguez Raul and Rodriguez Margarita
Bought by
Siegel Chay Elver Udiel Barrios and Siegel Barrios Melissa
Seller's Agent
Antonio Patino
Coldwell Banker Realty
Buyer's Agent
Buddy Frey
Keller Williams Unlimited
List Price
$150,000
Sold Price
$151,000
Premium/Discount to List
$1,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.88%
Original Mortgage
$113,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2007
Sold by
Smith Raymond G
Bought by
Rodriguez Raul and Rodriguez Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 16, 1997
Sold by
First Union National Bank Of N
Bought by
Smith Raymond G and Wf Carolyn T
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
South Central Charlotte Properties Llc $173,000 None Available
Siegel Chay Elver Udiel Barrios $151,000 None Available
Rodriguez Raul $120,000 None Available
Smith Raymond G -- None Available
Smith Raymond G $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siegel Chay Elver Udiel Barrios $113,250
Previous Owner Rodriguez Raul $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $172,500 -2.8% $77 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
10/05/2020 10/05/20 Price Changed $177,500 -4.1% $79 / Sq Ft
09/16/2020 09/16/20 For Sale $185,000 +22.5% $83 / Sq Ft
07/09/2018 07/09/18 Sold $151,000 +0.7% $67 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
06/05/2018 06/05/18 For Sale $150,000 0.0% $67 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/18/2018 05/18/18 Price Changed $150,000 +900.0% $67 / Sq Ft
05/18/2018 05/18/18 For Sale $15,000 -- $7 / 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 $1,881 $172,500 $15,600 $156,900
2023 $1,881 $172,500 $15,600 $156,900
2022 $1,881 $172,500 $15,600 $156,900
2021 $1,881 $172,500 $15,600 $156,900
2020 $1,182 $87,650 $12,950 $74,700
2019 $1,181 $87,650 $12,950 $74,700
2018 $540 $87,640 $12,940 $74,700
2017 $1,198 $87,600 $12,900 $74,700
2016 $1,185 $87,640 $12,940 $74,700
2015 $680 $87,640 $12,940 $74,700
2014 $1,631 $133,680 $10,980 $122,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3662876

Canopy MLS (Canopy Realtor® Association)

APN: 09-231-101