NOT LISTED FOR SALE

734 Ryan St Salisbury, NC 28144

Estimated Value: $487,329

20 Beds
10 Baths
7,040 Sq Ft
$69/Sq Ft Est. Value

Last Sold September 19, 2016

Last sale price $205,000 $29 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $3,289/month

40 Days on Market

About This Home

As of September 2016

Bank owned 10 unit apartment complex - Sold as-is where is. 10 unit complex located close to I-85. 3 buildings total - all units are 2 bedroom 1 bathroom. Current income and expenses as provided by seller/manager are attached. Several units need to be rehabbed for occupancy. This could be a an ideal investment for the right buyer. Seller is offering this property as-is and will allow showings only after an accepted contract.

Last Agent to Sell the Property

David Luyster

Keller Williams South Park License #247374 Listed on: 08/01/2016

Keller Williams South Park

Last Buyer's Agent

Kirk Hanson

Coldwell Banker- CK Select License #235328

Coldwell Banker- CK Select

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1992

Lot Details

  • Wooded Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 10 Full Bathrooms
  • Insulated Windows
  • Vinyl Flooring
  • Crawl Space

Listing and Financial Details

  • Tenant pays for cable, electricity
  • Rent includes exterior maintenance, garbage pick-up, management fee, sewer, snow removal, water
  • Assessor Parcel Number 068A114

Property Details

Home Type

Multi-Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.82000
  • Ratio Close Price By Original Li: 0.82000
  • Ratio Current Price By Acre: 250000.00
  • Ratio Current Price By Sq Ft: 29.12
  • Year Built: 1992
  • Property Features: Cable Available, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 10
  • Total Bedrooms: 20
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Exhaust Hood
  • Flooring: Vinyl, Carpet
  • Laundry Location: Closet
  • Sq Ft Additional: 800
  • Total Sq Ft: 7040

Exterior Features

  • Construction: Aluminum, Vinyl
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt
  • Parking: Lot, Parking Space - 4+

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: irreg
  • Lot Features: Paved Frontage, Wooded
  • Lot Size Area: 0.820
  • Parcel Number: 068A114
  • Plat Reference Section Pages: 91
  • Zoning: Multi Family Dwelling
  • Zoning Specification: Resident

Building Info

  • Builder Name: unk

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Management Fee, Sewer, Snow Removal, Water
  • Tenant Pays: Cable, Electricity

Tax Info

  • Tax Value: 331575.00
  • Tax Location: Salisbury

Multi Family

  • Number Of Units Total: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2016
Closed on
Sep 13, 2016
Sold by
First Troy Spe Llc
Bought by
Sutherlands Rental 115 Shamrock Llc
Seller's Agent
David Luyster
Keller Williams South Park
Buyer's Agent
Kirk Hanson
Coldwell Banker- CK Select
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%
Current Estimated Value
$487,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$282,329
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Jun 15, 2015
Sold by
Bost Development Co
Bought by
First Troy Spe Llc

Purchase Details

Closed on
Jul 27, 2012
Sold by
B & R Realty Inc
Bought by
Bost Development Co

Purchase Details

Closed on
May 23, 2007
Sold by
Bost Development Co
Bought by
B & R Realty Inc

Purchase Details

Closed on
Oct 31, 2005
Sold by
Carolina Crown Properties Inc
Bought by
Bost Development Co
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
Sutherlands Rental 115 Shamrock Llc $205,000 None Available
First Troy Spe Llc $261,900 None Available
Bost Development Co -- None Available
B & R Realty Inc -- None Available
Bost Development Co $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner B & R Realty Inc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2016 09/19/16 Sold $205,000 -18.0% $29 / Sq Ft
09/10/2016 09/10/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $250,000 -- $36 / 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 $7,593 $634,905 $45,300 $589,605
2024 $7,593 $634,905 $45,300 $589,605
2023 $7,593 $634,905 $45,300 $589,605
2022 $6,563 $476,580 $33,975 $442,605
2021 $6,563 $476,580 $33,975 $442,605
2020 $6,563 $476,580 $33,975 $442,605
2019 $6,563 $476,580 $33,975 $442,605
2018 $4,505 $331,575 $33,975 $297,600
2017 $4,481 $331,575 $33,975 $297,600
2016 $4,358 $331,575 $33,975 $297,600
2015 $4,385 $331,575 $33,975 $297,600
2014 $5,177 $396,128 $29,445 $366,683
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3204416

Canopy MLS (Canopy Realtor® Association)

APN: 068-A114