NOT LISTED FOR SALE

608 E Front St New Bern, NC 28560

Estimated Value: $487,000 - $606,000

6 Beds
5 Baths
2,150 Sq Ft
$251/Sq Ft Est. Value

Last Sold December 13, 2021

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

Est. 38% increase in value since last sale

Current estimated payment $3,357/month

339 Days on Market

Highlights

  • River View
  • No HOA
  • Bedroom Suite
  • Wood Flooring
  • Covered Patio or Porch
  • Central Air

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

Est. Annual Taxes

  • $5,819

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

Est. Annual Taxes

$5,819

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: C
  • Sub Type: Triplex
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Stories: 2.0
  • Stories Levels: 2nd Floor
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: None
  • Flooring: Wood
  • Interior Amenities: Apt/Suite
  • List Price per Sq Ft: 100.31
  • Total Bathrooms: 5.00
  • Number Bedrooms Total: 6

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
  • Waterview: Yes

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
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Sidewalk, Street Lights
  • Property Mgmt Company: Yes

Lot Info

  • Deed Page: 296.00
  • Lot Acres: 0.31
  • Lot Dimensions: 64x183x64x145 (all approx)
  • Lot Sq Ft: 13460.00
  • Special Assessments: none known
  • Zoning: Residential
  • Lot View Type: River View, Water View

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

Multi Family

  • Number Total Units: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2006
Sold by
Schlegel Alfred
Bought by
Schlegel Astrid
Current Estimated Value
$538,911

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:

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Average Value
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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
Schlegel Astrid -- None Available
Schlegel Alfred $425,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schlegel Astrid $239,250
Closed Schlegel Astrid $314,000
Closed Schlegel Astrid K $318,750
Closed Schlegel Alfred $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 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
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