NOT LISTED FOR SALE

513 S Chapel St Landis, NC 28088

Estimated Value: $108,621

-- Bed
0.5 Bath
1,144 Sq Ft
$95/Sq Ft Est. Value

Last Sold May 13, 2019

Last sale price $60,000 $52 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $652/month

46 Days on Market

About This Home

As of May 2019

THIS PROPERTY COULD BE TURNED INTO MULTI FAMILY UNITS UPON APPROVAL FROM THE TOWN OF LANDIS. THIS PROPERTY IS ZONED INDUSTRIAL / MANUFACTURING 1, R-6-TWO FAMILY RESIDENTIAL. THIS PROPERTY COULD BE CONVERTED TO MULTI FAMILY LIVING (WITH APPROVAL FROM THE TOWN OF LANDIS). THE TOWN OF LANDIS CONTINUES GROW AND IS A GREAT PLACE TO LIVE! INVESTORS TAKE A LOOK AT THIS PROPERTY. PRICED TO SELL!!

Last Agent to Sell the Property

Mark Walters

Home Realty and Mortgage LLC License #241155 Listed on: 02/07/2019

Last Buyer's Agent

Tom Bost

B & R Realty License #272146

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • Private Lot
  • Corner Lot
  • Level Lot

Home Design

  • Slab Foundation

Bedrooms and Bathrooms

  • 0.5 Bathroom

Listing and Financial Details

  • Rent includes all utilities
  • Assessor Parcel Number 108074

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.88955
  • Ratio Close Price By Original Li: 0.88561
  • Ratio Current Price By Acre: 214285.71
  • Ratio Current Price By Sq Ft: 52.45
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Slab
  • Half Bathrooms: 1
  • Total Sq Ft: 1144

Exterior Features

  • Construction: Concrete Block
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Lot, Parking Space - 4+

Utilities

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

Schools

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

Lot Info

  • Lot Dimension: 80x146x75x150
  • Lot Features: Corner Lot, Level, Private
  • Lot Size Area: 0.280
  • Parcel Number: 108074
  • Zoning Specification: R6

Rental Info

  • Rent Includes: All Utilities

Tax Info

  • Tax Value: 54350.00
  • Tax Location: Landis

Multi Family

  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
May 8, 2019
Sold by
Fite Ronald D and Fite Jamie Lee
Bought by
Howard Ethan
Seller's Agent
Mark Walters
Home Realty and Mortgage LLC
Buyer's Agent
Tom Bost
B & R Realty
List Price
$67,750
Sold Price
$60,000
Premium/Discount to List
-$7,750
-11.44%
Current Estimated Value
$108,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,621
Avg. Annual Appreciation
7.05%
Original Mortgage
$48,000
Outstanding Balance
$42,118
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
$49,974

Purchase Details

Closed on
Jul 13, 2016
Sold by
Schnitger Mary Linn and Schnitger Hans
Bought by
Fite Ronald D and Fite Jamie L

Purchase Details

Closed on
Oct 22, 1997
Bought by
Fite Ronald Dwaine
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
Howard Ethan $60,000 None Available
Fite Ronald D $35,000 None Available
Fite Ronald Dwaine -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howard Ethan $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2019 05/13/19 Sold $60,000 -11.0% $52 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/14/2019 03/14/19 Price Changed $67,450 -0.1% $59 / Sq Ft
03/12/2019 03/12/19 Price Changed $67,550 -0.1% $59 / Sq Ft
03/01/2019 03/01/19 Price Changed $67,650 -0.1% $59 / Sq Ft
02/07/2019 02/07/19 For Sale $67,750 -- $59 / 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
2025 $715 $66,777 $28,000 $38,777
2024 $715 $66,777 $28,000 $38,777
2023 $715 $66,777 $28,000 $38,777
2022 $683 $57,499 $23,500 $33,999
2021 $683 $57,499 $23,500 $33,999
2020 $683 $57,499 $23,500 $33,999
2019 $683 $57,499 $23,500 $33,999
2018 $638 $54,350 $23,500 $30,850
2017 $612 $54,350 $23,500 $30,850
2016 $612 $54,350 $23,500 $30,850
2015 $621 $54,350 $23,500 $30,850
2014 $309 $27,336 $21,000 $6,336
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3472652

Canopy MLS (Canopy Realtor® Association)

APN: 108-074