NOT LISTED FOR SALE

Estimated Value: $427,000 - $548,000

8 Beds
8 Baths
2,806 Sq Ft
$168/Sq Ft Est. Value

Last Sold May 02, 2024

Last sale price $405,000 $144 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,691/month

49 Days on Market

Highlights

  • Corner Lot
  • Multiple cooling system units
  • Carpet
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Classic Quadplex Located in the Heart of Downtown's West Salem Area. The Layout Features Two 1 BR/ 1BA Units and Two Studio Units. 3 Units Have Been Beautifully Renovated with LVP Flooring, Newer Paint, Newer Appliances, Fixtures, & Finishes. Kitchen & Bathrooms Have Been Updated to Allow for Immediate Occupancy. All Units Are Currently Vacant and Ready for New Tenants. 4th Unit is Ready for Your Own Personal Touches. Ideal for Short Term or Long Term Tenancy. All Units are Separately Metered. Ample Parking Located Behind the Building w/ an Exterior Entrance to All Units. West Salem Features Access to Numerous Restaurants, Coffee Shops, & Breweries. Close Proximity to, Old Salem, Washington Park, Brookstown, & NC School of the Arts. Please see agent only remarks.

Last Agent to Sell the Property

Ashley Harris

Keller Williams Realty Elite License #261824 Listed on: 02/01/2024

Keller Williams Realty Elite

Co-Listed By

Emily Phipps

Keller Williams Realty Elite License #213364

Last Buyer's Agent

Chase Troxell

Leonard Ryden Burr Real Estate License #301846

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,149

Year Built

  • Built in 1926

Lot Details

  • 0.35 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup
  • Basement

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Multiple Heating Units
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 4 Units
  • 2,790 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number 6835128499
  • 1% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,149

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.35
  • Co List Office Mls Id: WKWRE01
  • Co List Office Phone: 336-283-8691
  • Directions: 421 South to Marshall/Cherry St. Exit. Turn Right onto Marshall. Turn Right onto W. Academy St. Turn Left on Poplar St.
  • Architectural Style: Two Story
  • Year Built: 1926
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Flooring: Carpet, Vinyl
  • TRIADMLS_ApproxSqFtRange: 2500 - 3000
  • Basement YN: Yes
  • TRIADMLS_Storage: Outside Storage

Exterior Features

  • Lot Features: Corner Lot, Level
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Parking Features: Deck, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air, Multiple Systems
  • Heating: Forced Air, Multiple Systems, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 6835128499
  • Zoning: RS9/RM12
  • TRIADMLS_PricePerAcre: 1157142.8571
  • TRIADMLS_DeedPage: 3791
  • TRIADMLS_DeedBook: 3761
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 2149.42
  • Tax Year: 2023
  • TRIADMLS_TaxRate: 1.3388

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 22, 2024
Sold by
Koz Properties Llc
Bought by
Double Oaks Holdings Llc
Seller's Agent
Ashley Harris
Keller Williams Realty Elite
Buyer's Agent
Chase Troxell
Leonard Ryden Burr Real Estate
List Price
$450,000
Sold Price
$405,000
Premium/Discount to List
-$45,000
-10%
Views
72
Current Estimated Value
$472,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,134
Avg. Annual Appreciation
9.84%
Original Mortgage
$332,000
Outstanding Balance
$259,338
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$200,792

Purchase Details

Listed on
Mar 10, 2023
Closed on
Jun 13, 2023
Sold by
Htk Investments Llc
Bought by
Koz Properties Llc
Seller's Agent
Camden Bouchard
Leonard Ryden Burr Real Estate
Buyer's Agent
Michael Hosey
Berkshire Hathaway HomeServices Carolinas Realty
List Price
$349,900
Sold Price
$349,900
Views
222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.02%
Original Mortgage
$297,415
Interest Rate
6.39%
Mortgage Type
New Conventional
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
Double Oaks Holdings Llc $405,000 None Listed On Document
Koz Properties Llc $350,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Double Oaks Holdings Llc $332,000
Previous Owner Koz Properties Llc $297,415
Previous Owner Htk Investments Llc $176,493
Previous Owner Htk Investments Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2024 05/02/24 Sold $405,000 -10.0% $144 / Sq Ft
03/22/2024 03/22/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $450,000 +11.1% $160 / Sq Ft
02/20/2024 02/20/24 Off Market $405,000 -- --
02/06/2024 02/06/24 Pending -- -- --
02/01/2024 02/01/24 For Sale $450,000 +28.6% $160 / Sq Ft
06/30/2023 06/30/23 Sold $349,900 0.0% $125 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $349,900 0.0% $125 / Sq Ft
04/04/2023 04/04/23 Off Market $349,900 -- --
03/16/2023 03/16/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $349,900 +224.0% $125 / Sq Ft
12/31/2012 12/31/12 Sold $108,000 -9.9% $38 / Sq Ft
12/17/2012 12/17/12 Pending -- -- --
10/01/2012 10/01/12 For Sale $119,900 -- $43 / Sq Ft
Source: Triad 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 $2,107 $179,900 $64,500 $115,400
2023 $2,107 $157,400 $47,100 $110,300
2022 $2,068 $157,400 $47,100 $110,300
2021 $2,031 $157,400 $47,100 $110,300
2020 $1,634 $118,300 $30,500 $87,800
2019 $1,645 $118,300 $30,500 $87,800
2018 $1,563 $118,300 $30,500 $87,800
2016 $1,424 $108,225 $33,350 $74,875
2015 $1,402 $108,225 $33,350 $74,875
2014 $1,360 $108,225 $33,350 $74,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1131634

Triad MLS

APN: 6835-12-8457