NOT LISTED FOR SALE

70 Mitchell View Dr Mars Hill, NC 28754

8 Beds
4 Baths
3,584 Sq Ft
1.67 Acres

Last Sold October 24, 2018

Last sale price $307,500 $86 Per Sq Ft

10 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • Many Trees
  • Madison Middle School Rated A-
  • Tile Flooring

About This Home

As of October 2018

Great income-producing property located close to downtown Mars Hill and the interstate. Sitting on a hill with beautiful views, this is a 4-unit quad, and all units have 2 bedrooms and 1 bathroom. The building has a strong rental history. It has been well-maintained and updated. There's a shared laundry on the main floor, plenty of parking, and a community well with meters for each unit. The building has a positive cash flow and a 9% cap rate. Income/expense statement available.

Last Agent to Sell the Property

Dennis Foley

Century 21 Foley Realty License #204090 Listed on: 09/19/2018

Century 21 Foley Realty

Last Buyer's Agent

Sandra McCall

Southern Life Realty License #199834

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • Many Trees
  • Lawn

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • Insulated Windows

Flooring

  • Laminate
  • Tile

Utilities

  • Well

Listing and Financial Details

  • Tenant pays for electric heat, electricity, water
  • Rent includes exterior maintenance, garbage pick-up
  • Assessor Parcel Number 9758-41-8090

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Fourplex
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.02500
  • Ratio Close Price By Original Li: 1.02500
  • Ratio Current Price By Acre: 184131.74
  • Ratio Current Price By Sq Ft: 85.80
  • Year Built: 2008
  • Property Features: Dishwasher, Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Electric Range, Exhaust Fan, Refrigerator, Exhaust Hood, Washer, Electric Oven
  • Flooring: Laminate Wood, Tile
  • Laundry Location: Main
  • Total Sq Ft: 3584

Exterior Features

  • Construction: Vinyl
  • Construction Type: Off Frame Modular
  • Exterior Features: Lawn Maintenance

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 4+

Utilities

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

Condo/Co-op/Association

  • Community Features: Laundry Room

Schools

  • Elementary School: Mars Hill
  • Middle School: Madison
  • High School: Madison

Lot Info

  • Lot Features: Long Range View, Mountain View, Trees, Year Round View
  • Lot Size Area: 1.670
  • Parcel Number: 9758-41-8090
  • Plat Reference Section Pages: 5/768
  • Zoning Specification: R-A

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up
  • Tenant Pays: Electric Heat, Electricity, Water

Tax Info

  • Tax Value: 295668.00
  • Tax Location: Madison

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 4

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2018 10/24/18 Sold $307,500 +2.5% $86 / Sq Ft
09/29/2018 09/29/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $300,000 -- $84 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3435283

Canopy MLS (Canopy Realtor® Association)