NOT LISTED FOR SALE

5273 Farran Dr Stanley, NC 28164

Estimated Value: $61,901 - $176,000

4 Beds
2 Baths
2,000 Sq Ft
$59/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $40,000 $20 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $671/month

73 Days on Market

About This Home

As of August 2020

This is 2 manufactured homes in total -- 2 homes in total!! Each have been previously rented at more than $500/month. Great opportunity for 3 home sites in total -- a 3rd pad is currently vacant. Income property with incredible potential long term. Current properties need some light rehab to increase income potential. Home is sold with 5263 Farran Drive -- MLS # 3607689. Homes are listed as single family as well.

Last Agent to Sell the Property

Flint Foley

EXP Realty LLC Ballantyne License #81069 Listed on: 04/22/2020

EXP Realty LLC Ballantyne

Co-Listed By

Bryan Burlingame

ERA Live Moore License #261819

Last Buyer's Agent

Malisha Singletary

ERA Live Moore License #305747

ERA Live Moore

Property Details

Home Type

  • Mobile/Manufactured

Year Built

  • Built in 1953

Lot Details

  • 0.3

Home Design

  • Multi-Family
  • Vinyl Siding

Additional Features

  • 2 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes all utilities
  • Assessor Parcel Number 33918

Property Details

Home Type

Mobile/Manufactured

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.72727
  • Ratio Close Price By Original Li: 0.50000
  • Ratio Current Price By Acre: 133333.33
  • Ratio Current Price By Sq Ft: 20.00
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Laundry Location: Main
  • Total Sq Ft: 2000

Exterior Features

  • Construction: Vinyl
  • Construction Type: Manufactured

Garage/Parking

  • Parking: Parking Space - 2

Utilities

  • Heating: Central Air
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Size Area: 0.300
  • Parcel Number: 33918
  • Zoning Specification: R-T

Rental Info

  • Rent Includes: All Utilities
  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 28401.00
  • Tax Location: Stanly

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2020
Closed on
Aug 19, 2020
Sold by
Cjs Investment Partners Llc
Bought by
Jacinto Isidro Giovany Palma and Alvarez Margina Delos
Seller's Agent
Flint Foley
EXP Realty LLC Ballantyne
Buyer's Agent
Malisha Singletary
ERA Live Moore
List Price
$80,000
Sold Price
$40,000
Premium/Discount to List
-$40,000
-50%
Current Estimated Value
$118,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,475
Avg. Annual Appreciation
23.27%

Purchase Details

Closed on
Aug 9, 2018
Sold by
Carolina Blue Sky Property Llc
Bought by
Cjs Investment Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$646,437
Interest Rate
4.5%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 29, 2018
Sold by
Sutherland Frank R and Sutherland Janice W
Bought by
Carolina Blue Sky Property Llc

Purchase Details

Closed on
Apr 12, 2001
Bought by
Sutherland Frank and Sutherland Janice
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
Jacinto Isidro Giovany Palma $40,000 None Available
Cjs Investment Partners Llc $33,000 None Available
Carolina Blue Sky Property Llc $40,000 None Available
Sutherland Frank $47,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cjs Investment Partners Llc $646,437
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2020 08/20/20 Sold $40,000 -27.3% $20 / Sq Ft
07/05/2020 07/05/20 Pending -- -- --
06/26/2020 06/26/20 Price Changed $55,000 -21.4% $28 / Sq Ft
05/19/2020 05/19/20 Price Changed $70,000 -12.5% $35 / Sq Ft
04/22/2020 04/22/20 For Sale $80,000 -- $40 / 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 $599 $51,498 $28,000 $23,498
2024 $559 $51,498 $28,000 $23,498
2023 $407 $29,297 $28,000 $1,297
2022 $409 $24,330 $23,500 $830
2021 $409 $28,401 $23,500 $4,901
2020 $203 $28,401 $23,500 $4,901
2019 $203 $28,401 $23,500 $4,901
2018 $481 $28,446 $18,000 $10,446
2017 $207 $28,446 $18,000 $10,446
2016 $207 $28,446 $18,000 $10,446
2015 $464 $31,093 $18,000 $13,093
2014 -- $36,039 $18,000 $18,039
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3613670

Canopy MLS (Canopy Realtor® Association)

APN: 33918