NOT LISTED FOR SALE

702 Airline Extension Shelby, NC 28150

Estimated Value: $170,544

-- Bed
-- Bath
1,543 Sq Ft
$111/Sq Ft Est. Value

Last Sold June 03, 2024

Last sale price $132,500 $86 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $966/month

194 Days on Market

Highlights

  • Cottage
  • Living Room
  • Level Lot
  • Jefferson Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2024

3 homes on the same lot being sold together 700 Airline Ave. 702 Airline Ave. & 704 Airline Ave, All 3 homes are currently vacant. Great value. Must see. Previously used as income producing rental homes. These would be a great addition to your single family rental portfolio. With a little TLC these could be a great income producers for your portfolio. The city of Shelby says that these three properties cannot be divided because lot sizes would be too small.

Last Agent to Sell the Property

Tommy Wilson

Clay & Associates Real Estate Brokerage Email: tommy_n_wilson@outlook.com License #185826 Listed on: 10/20/2023

Last Buyer's Agent

Carlo Sanchez

Celia Estrada, REALTORS License #255671

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $849

Year Built

  • Built in 1957

Lot Details

  • Lot Dimensions are 86 x 179
  • Level Lot

Parking

  • Driveway

Home Design

  • Triplex
  • Cottage
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,543 Sq Ft Home
  • Living Room
  • Crawl Space
  • Electric Dryer Hookup

Schools

  • Shelby Middle School
  • Shelby High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 18782

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$849

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Architectural Style: Cottage
  • Year Built: 1957
  • Restrictions: Manufactured Home Not Allowed
  • Road Surface Type: Dirt, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: tommy_n_wilson@outlook.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Room Other: Primary Bedroom,Bedroom(s),Bathroom(s),Kitchen,Living Room
  • Appliances: None
  • Owner Pays: None
  • Basement YN: No
  • Living Area: 1543

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Construction Type: Brick Partial

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup
  • Cooling: Central Air
  • Utilities: Cable Available, Gas
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Shelby
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 18782
  • Lot Size: 86 x 179
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GB

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Unspecified
  • High School: Shelby

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
May 31, 2024
Sold by
Premium Property Group Llc
Bought by
Hammer Homes Construction Corp
Seller's Agent
Tommy Wilson
Clay & Associates Real Estate
Buyer's Agent
Carlo Sanchez
Celia Estrada, REALTORS
List Price
$151,500
Sold Price
$132,500
Premium/Discount to List
-$19,000
-12.54%
Views
241
Current Estimated Value
$170,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,044
Original Mortgage
$236,700
Outstanding Balance
$233,725
Interest Rate
7.1%
Mortgage Type
Construction

Purchase Details

Closed on
May 12, 2022
Sold by
D Wright & Son Construction Inc
Bought by
Premium Property Group Llc
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
Hammer Homes Construction Corp $132,500 None Listed On Document
Premium Property Group Llc $320,000 Horn Pack & Brown Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hammer Homes Construction Corp $236,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2024 06/03/24 Sold $132,500 -12.5% $86 / Sq Ft
04/26/2024 04/26/24 For Sale $151,500 +14.3% $98 / Sq Ft
04/25/2024 04/25/24 Off Market $132,500 -- --
04/19/2024 04/19/24 Price Changed $151,500 -2.2% $98 / Sq Ft
03/20/2024 03/20/24 Price Changed $154,900 -4.9% $100 / Sq Ft
02/26/2024 02/26/24 Price Changed $162,900 -6.9% $106 / Sq Ft
01/09/2024 01/09/24 Price Changed $174,900 -11.2% $113 / Sq Ft
10/19/2023 10/19/23 For Sale $196,900 -- $128 / 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 $849 $85,360 $10,681 $74,679
2024 $742 $55,392 $5,758 $49,634
2023 $739 $55,392 $5,758 $49,634
2022 $739 $55,392 $5,758 $49,634
2021 $742 $55,392 $5,758 $49,634
2020 $422 $28,604 $5,572 $23,032
2019 $422 $28,604 $5,572 $23,032
2018 $418 $28,604 $5,572 $23,032
2017 $409 $28,604 $5,572 $23,032
2016 $404 $28,604 $5,572 $23,032
2015 $588 $46,066 $5,572 $40,494
2014 $588 $46,066 $5,572 $40,494
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4080678

Canopy MLS (Canopy Realtor® Association)

APN: 18782