NOT LISTED FOR SALE

515 E Davis St Burlington, NC 27215

East Burlington Neighborhood

Estimated Value: $268,000 - $301,000

3 Beds
3 Baths
2,763 Sq Ft
$103/Sq Ft Est. Value

Last Sold July 13, 2017

Last sale price $120,000 $43 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $1,602/month

173 Days on Market

About This Home

As of July 2017

-Tri-Plex Located On E Davis St. Main Level Has Two One-Bedroom/One-Bathroom Units (395.00 Per Month Each) And Upper Level Has A Two-Bedroom/One-Bathroom Unit (595.00 Per Month). All Units Currently Rented. Many Upgrades Including Roof, Hvac, Overall In Very Good Condition.

Last Agent to Sell the Property

David L. Carter

Allen Tate/Burlington License #276042 Listed on: 12/22/2016

Allen Tate/Burlington

Last Buyer's Agent

Mackenzie Brown

Keller Williams Central License #251323

Keller Williams Central

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Lot Details

  • 0.26 Acre Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Vinyl Siding

Utilities

  • Cooling Available
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 8875210427

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.26
  • Lot Size: 11108
  • Directions: -Head Northeast On S Church St Toward W Summit Ave; Right On E Webb Ave, Right On S Mebane St, Left Onto E Davis St, House On The Right.
  • Structure Type: Other
  • Year Built: 1910
  • Property Sub Type Additional: Triplex
  • Special Features: None

Interior Features

  • Basement YN: No
  • Fireplace: No

Exterior Features

  • Construction Type: Vinyl Siding

Garage/Parking

  • Parking Features: On Street

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Other

Lot Info

  • Lot Size Sq Ft: 11108.0
  • Parcel #: 8875210427
  • Zoning Description: R12

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2016
Closed on
Jul 13, 2017
Sold by
Smith Thomas T and Smith Valerie G
Bought by
Innisfree Properties Llc
Seller's Agent
David L. Carter
Allen Tate/Burlington
Buyer's Agent
Mackenzie Brown
Keller Williams Central
List Price
$179,900
Sold Price
$120,000
Premium/Discount to List
-$59,900
-33.3%
Current Estimated Value
$284,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,013
Avg. Annual Appreciation
10.68%
Original Mortgage
$90,000
Outstanding Balance
$74,877
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$209,136
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Innisfree Properties Llc $120,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Innisfree Properties Llc $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2017 07/13/17 Sold $120,000 -33.3% $43 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
12/22/2016 12/22/16 For Sale $179,900 -- $65 / Sq Ft
Source: Alamance Multiple Listing Service

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 $1,398 $283,017 $18,000 $265,017
2024 $1,327 $283,017 $18,000 $265,017
2023 $2,578 $283,017 $18,000 $265,017
2022 $1,642 $132,336 $10,000 $122,336
2021 $1,656 $132,336 $10,000 $122,336
2020 $1,669 $132,336 $10,000 $122,336
2019 $1,673 $132,336 $10,000 $122,336
2018 $786 $132,336 $10,000 $122,336
2017 $764 $132,336 $10,000 $122,336
2016 $1,550 $133,609 $15,000 $118,609
2015 $771 $133,609 $15,000 $118,609
2014 -- $133,609 $15,000 $118,609
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    David L. Carter

    Allen Tate/Burlington

    (336) 693-5551

    6 in this area

    97 Total Sales

    David L. Carter
    Section Image
  • Mackenzie Brown

    Buyer's Agent in 2017

    Mackenzie Brown

    Keller Williams Central

    (336) 269-3683

    53 Total Sales

    Mackenzie Brown
    Section Image
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Map

Source: Alamance Multiple Listing Service

MLS Number: 93899

APN: 136443

North Carolina Alamance County Burlington 27215 East Burlington

515 E Davis St, Burlington, NC

Not Listed for Sale

MultiFamily

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