NOT LISTED FOR SALE

614 5th St Spencer, NC 28159

Estimated Value: $149,000 - $219,000

2 Beds
2 Baths
1,600 Sq Ft
$113/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $107,000 $67 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,093/month

118 Days on Market

About This Home

As of August 2022

2 UNITS AVAILABLE FOR YOU TO START YOUR INVESTMENTS NOW.
NEW WATER HEATERS AND HEAT AND AIR
TENANTS MUST HAVE 24 HOURS NOTICE.

Last Agent to Sell the Property

Cathy Griffin

Century 21 Towne and Country License #187850 Listed on: 04/16/2022

Century 21 Towne and Country

Last Buyer's Agent

Luke Miller

Wallace Realty License #314218

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1913

Lot Details

  • 6,970

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Crawl Space
  • Electric Oven
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • North Rowan Elementary And Middle School
  • North Rowan High School

Utilities

  • Central Heating
  • Heat Pump System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 033184

Property Details

Home Type

Multi-Family

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1913
  • Ratio Current Price By Acre: 668750.00
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Appliances: Electric Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1600
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 800
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 800

Exterior Features

  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: None

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: North Rowan
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 033184
  • Zoning Description: SFR
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: None
  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 2.09928

Multi Family

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

MLS Schools

  • Elementary School: North Rowan
  • High School: North Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2022
Closed on
Aug 12, 2022
Sold by
Trinity Investors Llc
Bought by
Shiva Capital Llc
Seller's Agent
Cathy Griffin
Century 21 Towne and Country
Buyer's Agent
Luke Miller
Wallace Realty
List Price
$159,900
Sold Price
$107,000
Premium/Discount to List
-$52,900
-33.08%
Views
9
Current Estimated Value
$181,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,055
Avg. Annual Appreciation
16.84%

Purchase Details

Closed on
Nov 29, 2016
Sold by
Taylor Melissa Kathryn and Taylor Lloyd Jeffrey
Bought by
Trinity Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
3.54%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 3, 2002
Bought by
Taylor Melissa Kathryn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shiva Capital Llc $107,000 Abramson Andrew J
Shiva Capital Llc $107,000 Abramson Andrew J
Trinity Investors Llc -- None Available
Taylor Melissa Kathryn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trinity Investors Llc $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2022 08/23/22 Pending -- -- --
08/12/2022 08/12/22 Sold $107,000 -33.1% $67 / Sq Ft
04/16/2022 04/16/22 For Sale $159,900 -- $100 / 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 $1,743 $154,232 $19,000 $135,232
2024 $1,743 $154,232 $19,000 $135,232
2023 $1,743 $154,232 $19,000 $135,232
2022 $1,000 $76,169 $16,000 $60,169
2021 $1,000 $76,169 $16,000 $60,169
2020 $1,000 $76,169 $16,000 $60,169
2019 $1,000 $76,169 $16,000 $60,169
2018 $853 $65,751 $16,000 $49,751
2017 $853 $65,751 $16,000 $49,751
2016 $853 $65,751 $16,000 $49,751
2015 $866 $65,751 $16,000 $49,751
2014 $916 $71,673 $14,500 $57,173
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3850440

Canopy MLS (Canopy Realtor® Association)

APN: 033-184