NOT LISTED FOR SALE

511 Spring St SW Concord, NC 28025

15 Beds
8 Baths
6,224 Sq Ft
0.62 Acres

Last Sold January 25, 2019

Last sale price $655,000 $105 Per Sq Ft

42 Days on Market

Highlights

  • Ranch Style House
  • Corner Lot
  • Carpet
  • R Brown Mcallister STEMElementary Rated A-

About This Home

As of January 2019

ATTENTION INVESTORS!!, don't miss out on this hard to find 8-plex in desirable downtown Concord area. All units have been recently renovated with new Kitchens w/granite, flooring, paint, bathrooms, lighting and more! Units are 100% occupied. Tenants pay ALL their own utilities, owner is only responsible for power and water in the laundry room. Four duplex's included in sale for total for 8 units. All units are 2 beds and 1 baths EXCEPT for 503 Spring St which was converted to 1 bed and 1 bath to put in laundry room.

Last Agent to Sell the Property

Frank Cantadore

DM Properties & Associates License #250889 Listed on: 10/18/2018

Last Buyer's Agent

Drew Maher

DM Properties & Associates License #278456

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.62

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Flooring

  • Carpet
  • Laminate

Additional Features

  • 8 Full Bathrooms
  • Crawl Space
  • Corner Lot

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 5630-23-3007-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.62 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Eightplex
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.94245
  • Ratio Close Price By Original Li: 0.94245
  • Ratio Current Price By Acre: 1056451.61
  • Ratio Current Price By Sq Ft: 105.24
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 8
  • Total Bedrooms: 15
  • Equipment: Cable Prewire, Dishwasher, Electric Range, Microwave, Refrigerator, Electric Oven
  • Flooring: Carpet, Laminate Wood
  • Laundry Location: Common Facility
  • Total Sq Ft: 6224

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Parking: Parking Space - 4+

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 5630-23-3007-0000
  • Zoning Specification: RC

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 442230.00
  • Tax Location: Concord

Multi Family

  • Unit Count: 8
  • Number Of Units Total: 8
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2019 01/25/19 Sold $655,000 -5.8% $105 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $695,000 0.0% $112 / Sq Ft
02/11/2015 02/11/15 Rented $525 0.0% --
02/03/2015 02/03/15 Under Contract -- -- --
01/23/2015 01/23/15 For Rent $525 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $7,570 $760,060 $88,000 $672,060
2024 $7,570 $760,060 $88,000 $672,060
2023 $5,669 $464,710 $88,000 $376,710
2022 $0 $464,710 $88,000 $376,710
2021 $5,669 $464,710 $88,000 $376,710
2020 $5,669 $464,710 $88,000 $376,710
2019 $5,395 $442,230 $70,000 $372,230
2018 $5,307 $442,230 $70,000 $372,230
2017 $5,218 $442,230 $70,000 $372,230
2016 -- $399,730 $70,000 $329,730
2015 $4,297 $399,730 $70,000 $329,730
2014 $4,297 $399,730 $70,000 $329,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3444903

Canopy MLS (Canopy Realtor® Association)

APN: 5630 23 3007

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