NOT LISTED FOR SALE

608 E Front St New Bern, NC 28560

Estimated Value: $479,000 - $508,141

6 Beds
5 Baths
2,150 Sq Ft
$231/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $390,000 $181 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,049/month

339 Days on Market

Highlights

  • River View
  • Wood Flooring
  • Covered Patio or Porch
  • Grover C. Fields Middle School Rated 9+
  • No HOA
  • Bedroom Suite

About This Home

As of December 2021

Great income producing property in Historic Downtown New Bern. This triplex has 3 units, 2 with covered front porches & a huge backyard. All units are currently rented. Unit A has 3 bedrooms/2 bath, remodeled baths & kitchen with new cabinets & granite counters. This unit currently rents for $1,500 but market rate is $1,600. Unit B is 2 beds/2 baths & has a remodeled kitchen with new cabinets & granite counters & rents for $1,000. Unit C has 1 bed/1 bath & rents for $875. Water heaters replaced after hurricane Florence. 3 electric & natural gas meters. Current Flood Insurance costs $707 a year. All measurements are estimates & should be verified by buyer & their agent. Property sustained some damage from Florence. This is an excellent investment property in great shape & an awesome area with plenty of off street parking in huge back yard.

Last Agent to Sell the Property

Michael Raines

CENTURY 21 ZAYTOUN RAINES License #217510 Listed on: 12/14/2020

CENTURY 21 ZAYTOUN RAINES

Last Buyer's Agent

LISA GRABER

Realty ONE Group East License #297159

Realty ONE Group East

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 0.31

Home Design

  • Triplex
  • Wood Frame Construction
  • Membrane Roofing
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • River Views
  • Crawl Space

Bedrooms and Bathrooms

  • Bedroom Suite
  • 5 Bathrooms

Parking

  • Shared Driveway
  • On-Site Parking
  • Off-Street Parking

Schools

  • Brinson Elementary School
  • Grover C.Fields Middle School
  • New Bern High School

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 0.31 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 8-003-253

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0.31 Acres

Listing Details

  • Property Type: C
  • Sub Type: Triplex
  • List Priceper Sq Ft: 100.31
  • New Construction: No
  • Prospect Exempt: No
  • Secondary Subdivision: N/A
  • Waterview: Yes
  • Year Built: 1885
  • Cooling: Central
  • Occupied: Yes
  • Rent Frequency: 1500.00
  • Rent Frequency: Monthly
  • Side Unit2 Cooling: Central
  • Side Unit2 Heating: Electric
  • Side Unit2 Occupied: Yes
  • Side Unit2 Rent: 1000.00
  • Side Unit2 Rent Frequency: Monthly
  • Side Unit3 Avg Sq Ft: 800
  • Side Unit3 Cooling: Central
  • Side Unit3 Heating: Electric
  • Side Unit3 Occupied: Yes
  • Side Unit3 Rent: 875.00
  • Side Unit3 Rent Frequency: Monthly
  • Side Unit3 Total Rooms: 2
  • Lot View Type: River View, Water View
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Flooring: Wood
  • Interior Amenities: Apt/Suite
  • Total Bathrooms: 5.00
  • Stories: 2.0
  • Stories Levels: 2nd Floor
  • Number Bedrooms Total: 6
  • Full Bathrooms: 1

Exterior Features

  • Exterior Features: None
  • Exterior Finish: Wood Siding
  • Fencing: None
  • Foundation: Crawl Space
  • Porch Balcony Deck: Covered, Porch, See Remarks
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Membrane, Metal
  • Waterfront: No

Garage/Parking

  • Garage And Parking: None
  • Parking Driveway: Off Street, On Site, Shared

Utilities

  • Cooling System: Central
  • Fuel Tank: None
  • Utilities: Municipal Sewer, Municipal Water, Natural Gas Connected
  • Water Heater: Electric
  • Heating: Electric
  • Heating System Fuel Source: Electric

Association/Amenities

  • H O A: No
  • H O Aand Neighborhood Amenities: Sidewalk, Street Lights

Fee Information

  • Property Mgmt Company: Yes

Schools

  • Elementary School: Brinson
  • High School: New Bern
  • Middle School: Grover C.Fields

Lot Info

  • Cobra Zone: No
  • Deed Page: 296.00
  • Lot Acres: 0.31
  • Lot Dimensions: 64x183x64x145 (all approx)
  • Lot Sq Ft: 13460.00
  • Zoning: Residential

Rental Info

  • Rental Income Gross Rental Income: 2975.00
  • Annual Gross Rental Income Collected: 35700

Tax Info

  • Tax Identifier: 8-003-253
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2020
Closed on
Dec 9, 2021
Sold by
Schlegel Astrid
Bought by
Tyvi Management Llc
Seller's Agent
Michael Raines
CENTURY 21 ZAYTOUN RAINES
Buyer's Agent
LISA GRABER
Realty ONE Group East
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Current Estimated Value
$497,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,714
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
May 17, 2006
Sold by
Schlegel Alfred
Bought by
Schlegel Astrid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2006
Sold by
Beard William W and Beard Mary M
Bought by
Schlegel Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tyvi Management Llc $390,000 None Available
Schlegel Astrid -- None Available
Schlegel Alfred $425,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schlegel Alfred $318,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $390,000 0.0% $181 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
10/18/2021 10/18/21 Price Changed $390,000 -2.5% $181 / Sq Ft
09/28/2021 09/28/21 For Sale $400,000 0.0% $186 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/24/2021 08/24/21 Price Changed $400,000 -9.1% $186 / Sq Ft
07/08/2021 07/08/21 Price Changed $440,000 -2.2% $205 / Sq Ft
06/15/2021 06/15/21 Price Changed $450,000 -5.3% $209 / Sq Ft
01/12/2021 01/12/21 Price Changed $475,000 -5.0% $221 / Sq Ft
12/14/2020 12/14/20 For Sale $500,000 0.0% $233 / Sq Ft
03/01/2014 03/01/14 Rented -- -- --
03/01/2014 03/01/14 Under Contract -- -- --
06/27/2013 06/27/13 For Rent $1,100 -- --
Source: Hive MLS

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 $5,819 $671,200 $66,340 $604,860
2024 $5,819 $671,200 $66,340 $604,860
2023 $5,716 $671,200 $66,340 $604,860
2022 $4,782 $441,550 $92,000 $349,550
2021 $4,782 $441,550 $92,000 $349,550
2020 $4,735 $441,550 $92,000 $349,550
2019 $2,827 $256,560 $92,000 $164,560
2018 $4,252 $413,770 $92,000 $321,770
2017 $4,243 $413,770 $92,000 $321,770
2016 $3,943 $384,580 $92,230 $292,350
2015 $3,483 $384,580 $92,230 $292,350
2014 $3,483 $384,580 $92,230 $292,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100249035

Hive MLS

APN: 8-003-253

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