Seller's Agent in 2019
Don Peeler
RE/MAX
(704) 913-1033
79 in this area
116 Total Sales
725 W Sumter St Unit 6 Shelby, NC 28150
Estimated Value: $602,000 - $1,545,000
34
Beds
49
Baths
15,247
Sq Ft
$75/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Traditional Architecture
- Recreation Facilities
- Wooded Lot
- Lawn
- Storm Doors
About This Home
As of March 201917 Brick Apartment Units W/1.49 Acres w/paved single ingress/egress. Consists of TWO Buildings of #10 Units plus
#7 Units with #16 - 2BR/1.5BA and 1-2BR/1BA Unit. Located inside Shelby, North Carolina City Limits w/ ALL City Utilities. All have INSIDE Washer and Dryer connections. Current Occupancy is 76.5% ( #4 Vacant), All apts rent for $575.00 per Month.
*LOCATED 3 Blocks East of Shelby City Park ( GOLF, Swimming, Carousel, Train, Ball Fields, Playground, Indoor & Outdoor Basketball Courts. County Library, Middle School. ***WALK to UPTown Shelby Courtsquare with numerous Restaurants, Live Entertainmant Venues including The Don Gibson Theater and The Earl Scruggs Center
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- Wooded Lot
- Lawn
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
Community Details
- Golf Course Community
- Recreation Facilities
- Community Playground
Listing and Financial Details
- Tenant pays for all utilities, cable
- Rent includes garbage pick-up, management fee, snow removal
- Assessor Parcel Number 19261
- Tax Block 7
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 23, 2021
Sold by
Ons Property Management Group Llc
Bought by
Sumter Street Apartments Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,007,000
Outstanding Balance
$924,017
Interest Rate
3.09%
Mortgage Type
Commercial
Estimated Equity
$224,338
Purchase Details
Listed on
Sep 14, 2018
Closed on
Mar 20, 2019
Sold by
Imperial Investment Holdings Inc
Bought by
Ons Property Management Group Llc
Seller's Agent
Don Peeler
RE/MAX Select
Buyer's Agent
Mathew Bessette
HomeRiver Group
List Price
$799,000
Sold Price
$760,000
Premium/Discount to List
-$39,000
-4.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$570,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Sep 21, 2015
Sold by
Gary Morris Inc
Bought by
Imperial Investment Holdings Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$403,750
Interest Rate
3.88%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sumter Street Apartments Llc | $5,000 | First American Title Ins Co | |
| Ons Property Management Group Llc | $760,000 | Investors Title Insurance Co | |
| Imperial Investment Holdings Inc | $475,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sumter Street Apartments Llc | $1,007,000 | |
| Previous Owner | Ons Property Management Group Llc | $570,000 | |
| Previous Owner | Imperial Investment Holdings Inc | $403,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2019 03/20/19 | Sold | $760,000 | -4.9% | $50 / Sq Ft |
| 10/05/2018 10/05/18 | Pending | -- | -- | -- |
| 09/14/2018 09/14/18 | For Sale | $799,000 | -- | $52 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $9,030 | $907,515 | $70,560 | $836,955 |
| 2024 | $8,809 | $695,754 | $62,160 | $633,594 |
| 2023 | $8,765 | $695,754 | $62,160 | $633,594 |
| 2022 | $8,765 | $695,754 | $62,160 | $633,594 |
| 2021 | $8,809 | $695,754 | $62,160 | $633,594 |
| 2020 | $6,452 | $489,076 | $62,160 | $426,916 |
| 2019 | $6,452 | $489,076 | $62,160 | $426,916 |
| 2018 | $6,431 | $489,076 | $62,160 | $426,916 |
| 2017 | $6,276 | $489,076 | $62,160 | $426,916 |
| 2016 | $6,269 | $489,076 | $62,160 | $426,916 |
| 2015 | $9,988 | $837,391 | $62,160 | $775,231 |
| 2014 | $9,988 | $837,391 | $62,160 | $775,231 |
Source: Public Records
Agents Affiliated with this Home
-
Don Peeler
-
Mathew Bessette
M
Buyer's Agent in 2019
Mathew Bessette
HomeRiver Group
(704) 651-7939
2 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3434868
APN: 19261
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