NOT LISTED FOR SALE

75 Shepard Square Unit 407 Brevard, NC 28712

Estimated Value: $219,274 - $234,000

2 Beds
2 Baths
1,000 Sq Ft
$229/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $185,000 $185 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,551/month

52 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Wood Flooring
  • Open Floorplan
  • Traditional Architecture
  • Covered patio or porch

About This Home

As of February 2023

Here is a great opportunity to live close to downtown Brevard in Shepard Square condominium complex. This 2 bedroom, 2 bath unit has a strong rental history for investors. With some minimal updating it could really shine. Includes storage in the basement and one parking spot. Amenities include a pool house with a generous sized pool.

Last Listed By

Jennifer Merrell

RE/MAX Land of the Waterfalls License #266484 Listed on: 11/01/2022

RE/MAX Land of the Waterfalls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $791

Year Built

  • Built in 1974

Lot Details

  • Front Green Space
  • Sloped Lot

HOA Fees

  • $170 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Property Attached
  • Wood Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wood Burning Fireplace
  • Living Room with Fireplace

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Shared Driveway
  • 1 Assigned Parking Space

Outdoor Features

  • In Ground Pool
  • Covered patio or porch

Schools

  • Brevard Elementary And Middle School
  • Brevard High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 8585-48-4135-425

Community Details

Overview

  • James Hackler Association, Phone Number (828) 577-4354
  • Shepard Square Condos
  • Shepard Square Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$791

Year Built

Built in 1974

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 1974
  • Restrictions: Deed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 185.00
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Entry Level: 2
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Wood
  • Interior Amenities: Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1000
  • 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: Dishwasher, Dryer, Electric Oven, Electric Water Heater, Microwave, Refrigerator, Trash Compactor, Washer
  • Above Grade Finished Sq Ft: 1000
  • Has Basement: Exterior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Upper
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1000
  • Bedroom Main: 0
  • Room Count: 7
  • Sq Ft Other: 0

Exterior Features

  • Exterior Features: In Ground Pool
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Waterfront Elevation: 2000
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Open Parking: No
  • Parking Features: Assigned, Shared Driveway
  • Assigned Spaces: 1

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen, Laundry Closet, Main Level
  • Cooling: Heat Pump
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Sidewalks, Street Lights
  • Association Fee: 511
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Shepard Square
  • Senior Community: No
  • Association Name: James Hackler
  • Phone: 828-577-4354
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Annual Expense: 2044.00

Schools

  • Middle Or Junior School: Brevard
  • HOA Subject To: Required

Lot Info

  • Lot Features: Green Area, Sloped
  • Lot Size Area: 0.01
  • Lot Size Units: Acres
  • Parcel Number: 8585-48-4135-425
  • Zoning: NMU
  • Land Included Yn: 0
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R3

Rental Info

  • Pets Allowed: Yes

MLS Schools

  • Elementary School: Brevard
  • High School: Brevard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Feb 2, 2023
Sold by
Herminghuysen David C and Herminghuysen Sheila J
Bought by
Carrasco Ricardo Ramiro
Seller's Agent
Jennifer Merrell
RE/MAX Land of the Waterfalls
Buyer's Agent
Isaac Allen
White Squirrel Realty
List Price
$210,000
Sold Price
$185,000
Premium/Discount to List
-$25,000
-11.9%
Total Days on Market
52
Views
72
Current Estimated Value
$237,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,153
Avg. Annual Appreciation
10.00%
Original Mortgage
$138,750
Outstanding Balance
$134,987
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$93,832

Purchase Details

Closed on
Jan 5, 2021
Sold by
Ross Donna M
Bought by
Herminghuysen David C and Herminghuysen Sheila J

Purchase Details

Closed on
Nov 1, 1991
Bought by
Harris Properties Of Wnc Llc

Range of Values:

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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
Carrasco Ricardo Ramiro $185,000 --
Herminghuysen David C $95,000 None Available
Harris Properties Of Wnc Llc $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrasco Ricardo Ramiro $138,750
Previous Owner Robinson Mark E $55,000
Previous Owner Harris Propertes Of Wnc Llc $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2023 02/10/23 Sold $185,000 -7.5% $185 / Sq Ft
11/18/2022 11/18/22 Price Changed $199,900 -4.8% $200 / Sq Ft
11/01/2022 11/01/22 For Sale $210,000 +58.5% $210 / Sq Ft
08/28/2020 08/28/20 Sold $132,500 -5.4% $133 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $140,000 -- $140 / 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
2024 $791 $131,120 $15,000 $116,120
2023 $791 $131,120 $15,000 $116,120
2022 $791 $131,120 $15,000 $116,120
2021 $791 $131,120 $15,000 $116,120
2020 $596 $93,740 $0 $0
2019 $596 $93,740 $0 $0
2018 $957 $93,740 $0 $0
2017 $943 $93,740 $0 $0
2016 $929 $93,740 $0 $0
2015 $910 $110,040 $37,500 $72,540
2014 $910 $110,040 $37,500 $72,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3909086

Canopy MLS (Canopy Realtor® Association)

APN: 8585-48-4135-425