N
Seller's Agent in 2024
Nazokat Quick
Commission Realty, LLC
507 E Second St Clayton, NC 27520
Estimated Value: $860,000 - $1,003,894
7
Beds
7.5
Baths
6,510
Sq Ft
$143/Sq Ft
Est. Value
Highlights
- The property is located in a historic district
- 0.92 Acre Lot
- Wood Flooring
- Riverwood Middle School Rated A-
- Partially Wooded Lot
- Victorian Architecture
About This Home
As of November 2024Back on the market due to Town of Clayton's denial of the buyer's proposed use. Guest kitchen floor has been updated. The sellers will be addressing most of the issues identified in the inspection report. Nestled in the downtown of Clayton, McWade's Inn presents a compelling investment opportunity. Whether you seek a home for yourself with the added benefit of managing an investment property, this is an opportunity not to be missed. Don't let this chance slip away - schedule a viewing today! Discover the following property features: - Six Spacious Guest Rooms: Each guest room exudes luxury and comfort, providing a serene retreat for visitors. Ensuite bathrooms and individual climate-controlled units upstairs ensure a restful night's sleep in any season. - Full Kitchen for Guests: Our fully equipped kitchen allows guests to prepare their own meals or snacks at their leisure, fostering culinary creativity and independence. - Parlor Room: A cozy gathering space where guests can relax and socialize. - Game Room: Offers a variety of options for amusement, from board games to card tables, catering to diverse tastes and preferences. - Dining Room: Sets the stage for memorable dining experiences. - Owner's Suite: Enjoy a private, comfortable living space, including a kitchen, living room, spacious bathroom, and cozy bedroom. It has its own entryway. Located in a thriving community, McWade's Inn benefits from its proximity to local attractions and events, driving a steady stream of guests year-round. The potential for growth and expansion is significant, offering opportunities to increase revenue through additional services or events. Investing in McWade's Inn means not just acquiring a property, but becoming a part of a rich local tradition and a thriving business. Zoning Information:
Zoned Office Institutional (OFI). The property is currently being used as a Bed & Breakfast business. Despite the zoning change, new buyers/owners can maintain the old zoning by establishing B&B within 6 months from the settlement date, provided that the owners reside in the same dwelling. For additional details, please refer to the planning department of town of Clayton. The property is also listed as Commercial, MLS# 10024973. Special Offer for Investors:
- For investors interested in establishing a Bed & Breakfast, the sellers are providing complimentary assistance, including training on business management and three months of initial business support. Inclusions:
- Appliances and most furniture will convey. This is your chance to own a piece of Clayton's history and a profitable venture in the hospitality industry.
Last Agent to Sell the Property
Nazokat Quick
Commission Realty, LLC License #319705 Listed on: 08/19/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,959
Year Built
- Built in 1907
Lot Details
- 0.92 Acre Lot
- Private Entrance
- Corner Lot
- Partially Wooded Lot
Home Design
- Victorian Architecture
- Brick Veneer
- Brick Foundation
- Block Foundation
- Frame Construction
- Shingle Roof
Interior Spaces
- 6,510 Sq Ft Home
- 2-Story Property
- High Ceiling
- Ceiling Fan
- Pull Down Stairs to Attic
Kitchen
- Electric Oven
- Electric Range
- Microwave
- Plumbed For Ice Maker
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 7 Bedrooms
- Double Vanity
- Walk-in Shower
Laundry
- Laundry on upper level
- Washer and Dryer
Home Security
- Home Security System
- Smart Locks
- Storm Doors
Parking
- 8 Parking Spaces
- No Garage
- Circular Driveway
- Paved Parking
- 8 Open Parking Spaces
- Parking Lot
Accessible Home Design
- Handicap Accessible
- Accessible Approach with Ramp
Outdoor Features
- Wrap Around Porch
- Exterior Lighting
- Outdoor Storage
Location
- The property is located in a historic district
Schools
- Cooper Academy Elementary School
- Riverwood Middle School
- Clayton High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Air
- Heat Pump System
- Baseboard Heating
- Community Sewer or Septic
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 166917-10-9917
Community Details
Recreation
- Park
Additional Features
- No Home Owners Association
- Restaurant
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 19, 2024
Closed on
Nov 15, 2024
Sold by
Gubitosi Gennarino and Gubitosi Bernadette Theresa
Bought by
Robinson Jordan
Seller's Agent
Nazokat Quick
Commission Realty, LLC
Buyer's Agent
Nazokat Quick
eXp Realty, LLC - C
List Price
$1,100,000
Sold Price
$1,000,000
Premium/Discount to List
-$100,000
-9.09%
Views
66
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,053
Avg. Annual Appreciation
-5.57%
Original Mortgage
$875,000
Outstanding Balance
$866,289
Interest Rate
6.12%
Mortgage Type
Seller Take Back
Estimated Equity
$65,658
Purchase Details
Closed on
Nov 30, 2021
Sold by
Grannis R Michael R and Grannis Elizabeth E
Bought by
Gubitosi Gennarino and Gubitosi Bernadette Theresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 24, 2003
Sold by
Grannis R Michael
Bought by
Tremblay Robert R
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Robinson Jordan | $1,000,000 | None Listed On Document | |
| Robinson Jordan | $1,000,000 | None Listed On Document | |
| Gubitosi Gennarino | $650,000 | None Available | |
| Tremblay Robert R | $340,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Robinson Jordan | $875,000 | |
| Closed | Robinson Jordan | $875,000 | |
| Previous Owner | Gubitosi Gennarino | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $1,000,000 | -4.8% | $154 / Sq Ft |
| 09/25/2024 09/25/24 | Pending | -- | -- | -- |
| 08/30/2024 08/30/24 | Price Changed | $1,050,000 | -4.5% | $161 / Sq Ft |
| 08/19/2024 08/19/24 | For Sale | $1,100,000 | 0.0% | $169 / Sq Ft |
| 07/10/2024 07/10/24 | Pending | -- | -- | -- |
| 06/08/2024 06/08/24 | For Sale | $1,100,000 | -- | $169 / 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 | $10,846 | $1,073,900 | $224,420 | $849,480 |
| 2024 | $8,145 | $617,010 | $112,210 | $504,800 |
| 2023 | $7,959 | $617,010 | $112,210 | $504,800 |
| 2022 | $8,206 | $0 | $0 | $0 |
| 2021 | $8,083 | $617,010 | $112,210 | $504,800 |
| 2020 | $8,268 | $617,010 | $112,210 | $504,800 |
| 2019 | $8,268 | $617,010 | $112,210 | $504,800 |
| 2018 | $0 | $386,040 | $112,210 | $273,830 |
| 2017 | $5,134 | $386,040 | $112,210 | $273,830 |
| 2016 | $5,134 | $386,040 | $112,210 | $273,830 |
| 2015 | $5,038 | $386,040 | $112,210 | $273,830 |
| 2014 | $5,038 | $386,040 | $112,210 | $273,830 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Doorify MLS
MLS Number: 10034375
APN: 05009015
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