NOT LISTED FOR SALE

721 W Main Street Extension Lincolnton, NC 28092

Estimated Value: $129,000 - $188,000

2 Beds
1 Bath
1,005 Sq Ft
$150/Sq Ft Est. Value

Last Sold June 28, 2022

Last sale price $110,000 $109 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $908/month

40 Days on Market

Highlights

  • Laundry Room
  • Bungalow
  • Central Heating

About This Home

As of June 2022

This cute 1 bed 1 bath home was renovated in 2014. The house is conveniently located 3 minute's drive from downtown Lincolnton Court Square. The home is currently rented on a month-to-month basis for $850.00 a month. The rental income has steadily increased since 2014 and is currently under rental market values according to Zillow estimates. This is a great opportunity for anyone looking to add to their real estate portfolio.
LIST PRICE IS TAX VALUE ONLY NOT INDICITIVE OF SELLING PRICE. 1 of 33 properties selling at auction closing June 16, 2022. The properties sold "As Is Where Is" "No Warranties Expressed or Implied" "No Contingences to Sale" 10% Buyer's Premium added High Bid. At contract execution high bidder is required to pay a $1000 - $2500 Non Refundable Deposit Close within 45 Days. NCAL# 8664 NCAFL# 10496

Last Agent to Sell the Property

John Palinkas

Red Suit Realty & Auction LLC License #249807 Listed on: 05/11/2022

Last Buyer's Agent

Robb Hoover

Robb Hoover LLC License #202515

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1948

Lot Details

  • 4.43

Parking

  • Driveway

Home Design

  • 1,005 Sq Ft Home
  • Bungalow

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Additional Features

  • Laundry Room
  • Zoning described as R-10

Listing and Financial Details

  • Assessor Parcel Number 22144

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,237

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1948
  • Ratio Current Price By Acre: 24858.76
  • Road Surface Type: Dirt, Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Block, Brick/Mortar
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1005
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1005
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Other

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Area: 4.425
  • Lot Size Units: Acres
  • Parcel Number: 22144
  • Zoning Description: R-10

Tax Info

  • RATIO List Price By Tax Amount: 1.00000

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Jun 24, 2022
Sold by
Carpenter Property Group Llc
Bought by
Yh Investment Trust
Seller's Agent
John Palinkas
Red Suit Realty & Auction LLC
Buyer's Agent
Robb Hoover
Robb Hoover LLC
List Price
$60,952
Sold Price
$110,000
Premium/Discount to List
$49,048
80.47%
Current Estimated Value
$151,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,251
Avg. Annual Appreciation
10.29%

Purchase Details

Closed on
Jan 6, 2015
Sold by
Carpenter Amanda Cagle
Bought by
Carpenter Property Group Llc

Purchase Details

Closed on
Jul 10, 2002
Bought by
Carpenter Claude Ralph
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Yh Investment Trust $100,000 Harry Marsh Law
Carpenter Property Group Llc -- None Available
Carpenter Claude Ralph $85,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2022 06/28/22 Sold $110,000 +80.5% $109 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
05/11/2022 05/11/22 For Sale $60,952 -- $61 / 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 $1,237 $109,783 $33,647 $76,136
2024 $1,217 $109,783 $33,647 $76,136
2023 $1,212 $109,783 $33,647 $76,136
2022 $834 $60,952 $22,765 $38,187
2021 $834 $60,952 $22,765 $38,187
2020 $706 $60,952 $22,765 $38,187
2019 $706 $60,952 $22,765 $38,187
2018 $806 $60,204 $26,200 $34,004
2017 $705 $60,204 $26,200 $34,004
2016 $705 $60,204 $26,200 $34,004
2015 $777 $60,204 $26,200 $34,004
2014 $755 $58,019 $32,325 $25,694
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3857929

Canopy MLS (Canopy Realtor® Association)

APN: 22144