NOT LISTED FOR SALE

531 Cedar Spring Ln Lincolnton, NC 28092

Estimated Value: $284,000 - $356,000

4 Beds
4 Baths
1,700 Sq Ft
$193/Sq Ft Est. Value

Last Sold March 06, 2013

Last sale price $117,900 $69 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $1,898/month

808 Days on Market

About This Home

As of March 2013

One of 4-available duplexes. Looks brand new with excellent rental history in good location just outside Lincolnton. Each side has 2 bedrooms, 2 baths, great room. Over 3/4 acre lot. Great investment piece. (Pictures of several units.)

Last Agent to Sell the Property

Bob Hecht

Coldwell Banker Realty Listed on: 09/14/2010

Co-Listed By

Nicole Howard

Lake Norman Realty, Inc. License #266689

Last Buyer's Agent

Bob Hecht

Coldwell Banker Realty Listed on: 09/14/2010

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2001

Lot Details

  • 0.8

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Additional Features

  • Vinyl Flooring
  • 4 Bathrooms

Listing and Financial Details

  • Tenant pays for electricity, water, all utilities, cable
  • Rent includes exterior maintenance, garbage pick-up
  • Assessor Parcel Number 79048

Property Details

Home Type

Multi-Family

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.84516
  • Ratio Close Price By Original Li: 0.81310
  • Ratio Current Price By Acre: 147375.00
  • Ratio Current Price By Sq Ft: 69.35
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Electric Range, Microwave, Electric Oven
  • Flooring: Carpet, Vinyl
  • Laundry Location: Utility Room
  • Total Sq Ft: 1700

Exterior Features

  • Construction: Brick Partial, Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking: Parking Space - 2

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Tank
  • Water: County Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Dimension: 159Rx215x150x245
  • Lot Size Area: 0.800
  • Lot Size Units: Acres
  • Parcel Number: 79048
  • Zoning Specification: R-25

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up
  • Tenant Pays: Electricity, Water, All Utilities, Cable

Tax Info

  • Tax Value: 136239.00
  • Tax Location: Lincoln

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2010
Closed on
Feb 20, 2013
Sold by
Roberts Larry M and Roberts Joyce H
Bought by
Cloninger & Cloninger Llc
Seller's Agent
Bob Hecht
Coldwell Banker Realty
Buyer's Agent
Bob Hecht
Coldwell Banker Realty
List Price
$145,000
Sold Price
$117,900
Premium/Discount to List
-$27,100
-18.69%
Current Estimated Value
$327,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,501
Avg. Annual Appreciation
8.46%
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
Cloninger & Cloninger Llc $471,500 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2013 03/06/13 Sold $117,900 -18.7% $69 / Sq Ft
11/30/2012 11/30/12 Pending -- -- --
09/14/2010 09/14/10 For Sale $145,000 -- $85 / 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 $1,941 $266,125 $38,830 $227,295
2024 $1,901 $266,125 $38,830 $227,295
2023 $1,891 $266,125 $38,830 $227,295
2022 $1,389 $155,771 $31,064 $124,707
2021 $1,389 $155,771 $31,064 $124,707
2020 $1,128 $155,771 $31,064 $124,707
2019 $1,097 $155,771 $31,064 $124,707
2018 $1,021 $114,355 $24,050 $90,305
2017 $813 $114,355 $24,050 $90,305
2016 $813 $114,355 $24,050 $90,305
2015 $969 $114,355 $24,050 $90,305
2014 $1,001 $121,059 $24,050 $97,009
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR974316

Canopy MLS (Canopy Realtor® Association)

APN: 79048