NOT LISTED FOR SALE

71 American Ave NE Concord, NC 28025

Concord Area
30 Beds
24 Baths
10,560 Sq Ft
1 Acre Lot

Sale Details

Date Sold: August 2, 2019

Last sale price $970,000 $92 Per Sq Ft

25 Days on Market

About This Home

As of August 2019

**CALLING ALL INVESTORS**
Cozy 12 units apartment. 6- 3/2 and 6 -2/2
Property has three levels, there are Two 2 bedrooms and Two 3 bedrooms on each level. Landlord pays water, sewer, trash pick up and landscaping. Property is close to bus stop, in town for easy commute. The parking lot is large with concrete sidewalks leading to units. Each unit is equipped with all the right necessities, electric range, hood, dishwasher, and fridge with w/d hook ups. Rents are under market due to long term tenants. Room for growth
All units are currently rented except for one, we are saving this unit this for showings!

Last Agent to Sell the Property

Amy Daniels

Center Point Properties LLC License #163146 Listed on: 05/03/2019

Last Buyer's Agent

Tamara Artist

Mynd Management License #286750

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 1

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 24 Full Bathrooms

Listing and Financial Details

  • Tenant pays for all except water
  • Rent includes exterior maintenance, garbage pick-up, outdoor lighting, sewer, water
  • Assessor Parcel Number 56216278250000

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

1 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.97487
  • Ratio Close Price By Original Li: 1.07778
  • Ratio Current Price By Acre: 970000.00
  • Ratio Current Price By Sq Ft: 91.86
  • Year Built: 2002
  • Property Features: Dishwasher, Porch/Patio, Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Concrete, Slab
  • Full Bathrooms: 24
  • Total Bedrooms: 30
  • Equipment: Dishwasher, Electric Range, Refrigerator, Electric Oven
  • Flooring: Carpet, Vinyl
  • Laundry Location: Closet, Kitchen
  • Sq Ft Additional: 1896
  • Total Sq Ft: 10560

Exterior Features

  • Construction: Shingle, Vinyl, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Lot

Utilities

  • Heating: Central Air, Electric Hot Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Sidewalk

Lot Info

  • Parcel Number: 56216278250000
  • Plat Reference Section Pages: 0003
  • Zoning Specification: RES

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Outdoor Lighting, Sewer, Water
  • Tenant Pays: All except water

Tax Info

  • Tax Value: 608020.00
  • Tax Location: Concord

Multi Family

  • Unit Count: 12
  • Number Of Units Total: 12

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2019
Closed on
Jul 24, 2019
Sold by
Bought by
Seller's Agent
Amy Daniels
Center Point Properties LLC
Buyer's Agent
Tamara Artist
Mynd Management
List Price
$995,000
Sold Price
$970,000
Premium/Discount to List
-$25,000
-2.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,436,400
Interest Rate
0.038%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
0.0608%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
0.0607%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1993

Purchase Details

Closed on
Nov 1, 1989
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$970,000 None Available
-- None Available
$559,000 --
$14,000 --
$6,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $800,000
Open $1,436,400
Previous Owner $520,000
Previous Owner $92,573
Previous Owner $504,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/02/2019 08/02/19 Sold $970,000 -2.5% $92 / Sq Ft
05/29/2019 05/29/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $995,000 0.0% $94 / Sq Ft
04/29/2019 04/29/19 Price Changed $995,000 -- $94 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,215 $1,126,000 $78,000 $1,048,000
2024 $11,215 $1,126,000 $78,000 $1,048,000
2023 $8,011 $656,630 $33,000 $623,630
2022 $8,011 $656,630 $33,000 $623,630
2021 $8,011 $656,630 $33,000 $623,630
2020 $8,011 $656,630 $33,000 $623,630
2019 $7,418 $608,020 $54,390 $553,630
2018 $7,296 $608,020 $54,390 $553,630
2017 $7,175 $608,020 $54,390 $553,630
2016 $4,256 $536,130 $81,590 $454,540
2015 $6,353 $538,360 $67,200 $471,160
2014 $6,353 $538,360 $67,200 $471,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: CAR3468266

Canopy MLS
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