NOT LISTED FOR SALE

734 Burlington Ave Gibsonville, NC 27249

Estimated Value: $270,000 - $325,000

4 Beds
2 Baths
5,477 Sq Ft
$54/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $216,000 $39 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,901/month

16 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Wood Siding
  • No HOA
  • Asbestos

About This Home

As of August 2023

This is a unique multi-family property with a brick duplex in the front and a large 2 story 3-plex in the back. The lower portion of the brick home is currently rented for $900/m month to month. The upper portion is a 1 bed 1 bath and is currently under renovations. The 3-plex in the back wil need extensive renovations but over all this property has a ton of income potential for the right buyer.

Last Agent to Sell the Property

Toby Russell

NorthGroup Real Estate License #305135 Listed on: 05/14/2023

NorthGroup Real Estate

Last Buyer's Agent

Tami Koury

Keller Williams Central License #308754

Keller Williams Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 1945

Lot Details

  • 0.47

Parking

  • Driveway

Home Design

  • Triplex
  • Brick Exterior Construction
  • Wood Siding
  • Asbestos

Flooring

  • Wood
  • Vinyl

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • 2-Story Property
  • 0.47 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 108253
  • 0% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,686

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.47
  • Lot Size: irregular
  • Directions: headed north house if on the left off burlington ave
  • Architectural Style: Two Story
  • Year Built: 1945
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Vinyl, Wood
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Asbestos, Brick, Wood Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Window Unit(s)
  • Heating: Heat Pump, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 108253
  • Zoning: THREE FAMILY
  • TRIADMLS_PricePerAcre: 459574.4681
  • TRIADMLS_DeedPage: 330
  • TRIADMLS_DeedBook: 2865
  • TRIADMLS_PlatBook: 002-0032
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 5
  • Number Of Units Leased: 1

Tax Info

  • Tax Annual Amount: 1686
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 0.071

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2023
Closed on
Aug 7, 2023
Sold by
Fogleman Joel Gregory
Bought by
M & E Realty Llc
Seller's Agent
Toby Russell
NorthGroup Real Estate
Buyer's Agent
Tami Koury
Keller Williams Central
List Price
$225,000
Sold Price
$216,000
Premium/Discount to List
-$9,000
-4%
Views
255
Current Estimated Value
$302,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,475
Avg. Annual Appreciation
16.82%

Purchase Details

Listed on
May 14, 2023
Closed on
Jul 14, 2023
Sold by
George Woodrow Summers Irrevocable Trust and Bronna W Summers Irrevocable Trust
Bought by
Fogleman Joel Gregory
Seller's Agent
Toby Russell
NorthGroup Real Estate
Buyer's Agent
Tami Koury
Keller Williams Central
List Price
$225,000
Sold Price
$216,000
Premium/Discount to List
-$9,000
-4%
Views
255

Purchase Details

Closed on
Apr 25, 2008
Sold by
Shepherd Nancy W
Bought by
Roberts Fred

Purchase Details

Closed on
Jan 1, 1990
Bought by
Fogleman Joel Gregory
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
M & E Realty Llc $216,000 None Listed On Document
M & E Realty Llc $216,000 None Listed On Document
Fogleman Joel Gregory -- None Listed On Document
Fogleman Joel Gregory -- None Listed On Document
Roberts Fred $64,000 --
Fogleman Joel Gregory -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $216,000 -4.0% $39 / Sq Ft
05/31/2023 05/31/23 Pending -- -- --
05/14/2023 05/14/23 For Sale $225,000 -- $41 / Sq Ft
Source: Triad MLS

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
2024 $3,030 $315,905 $35,676 $280,229
2023 $2,898 $315,905 $35,676 $280,229
2022 $1,686 $143,581 $25,742 $117,839
2021 $1,700 $143,581 $25,742 $117,839
2020 $1,714 $143,581 $25,742 $117,839
2019 $1,723 $143,581 $25,742 $117,839
2018 $0 $143,581 $25,742 $117,839
2017 $829 $143,581 $25,742 $117,839
2016 $1,349 $123,773 $25,742 $98,031
2015 $714 $123,773 $25,742 $98,031
2014 -- $123,773 $25,742 $98,031
Source: Public Records

Agents Affiliated with this Home

  • Toby Russell

    Seller's Agent in 2023

    Toby Russell

    NorthGroup Real Estate

    (336) 203-8961

    1 in this area

    98 Total Sales

    Section Image
  • Tami Koury

    Buyer's Agent in 2023

    Tami Koury

    Keller Williams Central

    (336) 260-5111

    3 in this area

    145 Total Sales

    Section Image
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Map

Source: Triad MLS

MLS Number: 1105697

Triad MLS

APN: 108253

North Carolina Alamance County Gibsonville 27249

734 Burlington Ave, Gibsonville, NC

This home is located at 734 Burlington Ave, Gibsonville, NC 27249 since 14 May 2023 and is currently estimated at $295,704, approximately $53 per square foot. This property was built in 1945. 734 Burlington Ave is a home located in Alamance County with nearby schools including Elon Elementary School, Western Alamance Middle School, and Western Alamance High School.

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