NOT LISTED FOR SALE

525 E Warren St Shelby, NC 28150

Estimated Value: $133,000 - $184,508

40 Beds
21 Baths
18,476 Sq Ft
$9/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2016

Last sale price $278,000 $15 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $900 / mo

157 Days on Market

About This Home

As of August 2016

Income Producing Package! $89,892 gross rents. 16 single family homes, including one duplex (17 units total) priced at $22,882 per unit. All consolidated and centrally located in Shelby NC (Cleveland County), a bedroom community of Charlotte, NC. NOI - $79,250 and amazing cap rate of 20.37% (property management and 80% of the maintenance are performed by the seller). 15 units are all electric, 2 have gas heat. No pending maintenance issues. 100% occupancy.

Last Agent to Sell the Property

Cory Warren

Highland Real Estate License #250480 Listed on: 12/01/2015

Last Buyer's Agent

Daryl McCall

Allen Tate University License #141291

Allen Tate University

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 3.06

Home Design

  • Slab Foundation

Additional Features

  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 18607

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

3.06 Acres

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.71465
  • Ratio Close Price By Original Li: 0.71465
  • Ratio Current Price By Acre: 90849.67
  • Ratio Current Price By Sq Ft: 15.05
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Crawl Space, Slab
  • Full Bathrooms: 19
  • Half Bathrooms: 2
  • Total Bedrooms: 40
  • Total Sq Ft: 18476

Lot Info

  • Parcel Number: 18607
  • Zoning Specification: R6

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 273378.00
  • Tax Location: Cleveland

Multi Family

  • Unit Count: 16
  • Number Of Units Total: 17

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2014
Sold by
Bought by
Current Estimated Value
$158,127
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$13,500 None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $278,000 -28.5% $15 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $389,000 -- $21 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $551 $55,336 $7,332 $48,004
2024 $174 $12,376 $4,888 $7,488
2023 $173 $12,376 $4,888 $7,488
2022 $173 $12,376 $4,888 $7,488
2021 $174 $12,376 $4,888 $7,488
2020 $167 $11,699 $2,199 $9,500
2019 $167 $11,699 $2,199 $9,500
2018 $166 $11,699 $2,199 $9,500
2017 $162 $11,699 $2,199 $9,500
2016 $161 $11,699 $2,199 $9,500
2015 $286 $23,185 $2,444 $20,741
2014 $586 $49,109 $2,444 $46,665
Source: Public Records

Agents Affiliated with this Home

  • Cory Warren

    Seller's Agent in 2016

    Cory Warren

    Highland Real Estate

    (704) 477-9906

    9 Total Sales

    Cory Warren
    Section Image

  • D

    Buyer's Agent in 2016

    Daryl McCall

    Allen Tate Realtors

    Section Image
See All Agents

Map

Source: Canopy MLS

MLS Number: CAR3132564

Canopy MLS

APN: 18607

North Carolina Cleveland County Shelby 28150

525 E Warren St, Shelby, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.