NOT LISTED FOR SALE

720 Eastway St Unit A & B Davidson, NC 28036

Estimated Value: $1,323,000 - $2,666,000

4 Beds
2 Baths
1,788 Sq Ft
$1,020/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $1,015,000 $568 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $10,485/month

3 Days on Market

Highlights

  • Wooded Lot
  • Ranch Style House
  • Great Room
  • Davidson Elementary School Rated A-
  • Wood Flooring
  • Screened Porch

About This Home

As of June 2022

Located in the heart of Davidson, this duplex sits on a quiet dead end street & rear yard backs up to the Pines Retirement Community. There is new construction to the right of the property, as this is a very desirable location in the Davidson Village Infill area.The duplex is currently vacant. Built in 1986, it can still be used as a duplex with Units 720 Eastway Street A-B. It also could be revovated into a single family residence. The property interior is in poor condition. It is being sold "as is." The duplex can be upgraded & used as a rental property; remodeled or torn down for a single family residence; or be subdivided into 2 separate .32 acre parcels for individual homes. Approximate heated square footage for each single residence would be 3539 square feet, exclusive of basement and/or detached garage/garage apt. New home plans for a single home or two homes must be approved by Town Planning before the current duplex can be torn down. See attachments for TOD Village Infill.

Last Agent to Sell the Property

Mary Lib Richards

Keller Williams Lake Norman License #246140 Listed on: 05/13/2022

Keller Williams Lake Norman

Last Buyer's Agent

Michael Orlando

TSG Residential License #236972

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,792

Year Built

  • Built in 1986

Lot Details

  • Lot Dimensions are 137x272x73x237
  • Infill Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Wooded Lot

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,788 Sq Ft Home
  • Insulated Doors
  • Great Room
  • Breakfast Room
  • Screened Porch
  • Crawl Space
  • Laundry Room

Kitchen

  • Oven
  • Electric Cooktop

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • On-Street Parking
  • 1 to 5 Parking Spaces

Schools

  • Davidson K-8 Elementary And Middle School
  • William Amos Hough High School

Utilities

  • Heat Pump System
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for cable TV, electric heat, gas, interior common lights, water
  • Assessor Parcel Number 007-025-02

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,792

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Ranch
  • Year Built: 1986
  • Ratio Current Price By Acre: 1585937.50
  • Doors and Windows: g-Insulated Door(s)
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Gravel
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Wood
  • Fixture Exception Yn: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Back,Screened
  • Room Other: Bathroom(s),Bedroom(s),Breakfast,Great Room,Kitchen,Primary Bedroom
  • Appliances: Cable Prewire, Electric Cooktop, Oven
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1788
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 894
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 894

Exterior Features

  • Exterior Features: Satellite Internet Available, Wired Internet Available
  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Davidson
  • Construction Type: Site Built
  • Property Features: Cable Available,Disposal,Porch/Patio,Refrigerator
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Driveway, On Street, Parking Space - 4+

Utilities

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

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Davidson K-8
  • HOA Subject To: None

Lot Info

  • Lot Features: Infill Lot, Level, Paved, Wooded
  • Lot Size Area: 0.64
  • Lot Size Units: Acres
  • Parcel Number: 007-025-02
  • Lot Size: 137x272x73x237
  • Zoning Description: VIP

Rental Info

  • Rent Includes: None
  • Tenant Pays: Cable TV, Electric Heat, Gas, Interior Common Lights, Water
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.62835

Multi Family

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

MLS Schools

  • Elementary School: Davidson K-8
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 1983
Bought by
Couch Thomas W B
Current Estimated Value
$1,823,764
Source: Public Records

Range of Values:

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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
Couch Thomas W B $10,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2022 06/10/22 Sold $1,015,000 +19.4% $568 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $850,000 -- $475 / 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 $9,792 $1,560,000 $368,500 $1,191,500
2024 $9,792 $1,293,900 $368,500 $925,400
2023 $5,148 $684,500 $368,500 $316,000
2022 $4,996 $522,000 $360,000 $162,000
2021 $5,215 $522,000 $360,000 $162,000
2020 $5,215 $522,000 $360,000 $162,000
2019 $5,203 $522,000 $360,000 $162,000
2018 $4,304 $327,900 $216,000 $111,900
2017 $4,272 $327,900 $216,000 $111,900
2016 $4,265 $327,900 $216,000 $111,900
2015 $4,258 $327,900 $216,000 $111,900
2014 $4,254 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3856155

Canopy MLS (Canopy Realtor® Association)

APN: 007-025-02