NOT LISTED FOR SALE

805 Labon St Unit A&B. Monroe, NC 28110

Estimated Value: $348,000 - $410,000

10 Beds
4 Baths
3,600 Sq Ft
$104/Sq Ft Est. Value

Last Sold August 23, 2018

Last sale price $199,900 $56 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,236/month

17 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Storm Doors
  • Cottage

About This Home

As of August 2018

Great rental investment. These two duplexes are conveniently located with a daycare nearby. This almost one acre corner lot in Monroe has room to add on. Two rentals are 3 bedroom / 1 bath and the other two are 2 bedroom 1 bath. Each unit is approximately 900 square feet. Current tenants of two are long term between 6-8 years and the other two are over a year. Each unit rents for $500/month. That’s $24,000 in annual income. Leases are month to month.
Newer windows, doors, siding and roof.
Baseboard heat/ tenants provide their own window A/C units.

Last Agent to Sell the Property

Diane Maness

Divine Real Estate Boutique, LLC License #292683 Listed on: 05/29/2018

Last Buyer's Agent

Brian Baumgardner

MartinGroup Properties Inc License #285541

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Cottage
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 4 Full Bathrooms
  • Insulated Windows
  • Storm Doors

Flooring

  • Carpet
  • Tile

Listing and Financial Details

  • Tenant pays for all utilities, cable, garbage pick-up
  • Assessor Parcel Number 09271050
  • Tax Block F8-13 67-

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Fourplex
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.95236
  • Ratio Close Price By Original Li: 0.95236
  • Ratio Current Price By Acre: 213113.01
  • Ratio Current Price By Sq Ft: 55.53
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Doors and Windows: Insulated Windows, Storm Door(s)
  • Equipment: Cable Prewire
  • Flooring: Carpet, Tile
  • Total Sq Ft: 3600

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.938
  • Parcel Number: 09271050
  • Plat Book Slide: 3/11
  • Zoning Specification: Unknown

Rental Info

  • Tenant Pays: All Utilities, Cable, Garbage Pick-up

Tax Info

  • Tax Value: 90500.00
  • Tax Block: F8-13 67-
  • Tax Location: Union

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2018
Closed on
Aug 23, 2018
Sold by
Helms Franklin Darrel
Bought by
Joya Elias B and Joya Jovanka V
Seller's Agent
Diane Maness
Divine Real Estate Boutique, LLC
Buyer's Agent
Brian Baumgardner
MartinGroup Properties Inc
List Price
$209,900
Sold Price
$199,900
Premium/Discount to List
-$10,000
-4.76%
Current Estimated Value
$376,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,287
Avg. Annual Appreciation
9.19%
Original Mortgage
$149,925
Outstanding Balance
$130,204
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$245,983

Purchase Details

Closed on
May 2, 2014
Sold by
Helms Bruce Robert
Bought by
Helms Franklin Darrel

Purchase Details

Closed on
Jul 22, 2011
Sold by
Helms Franklin Darrel and Helms Mary Willi
Bought by
Helms Bruce Robert

Purchase Details

Closed on
May 29, 2009
Sold by
Helms Justin K
Bought by
Helms Franklin Darrel and Helms Mary Willi

Purchase Details

Closed on
Feb 13, 2008
Sold by
Helms Franklin Darrel and Helms Mary Willi
Bought by
Helms Justin K

Purchase Details

Closed on
Dec 20, 2004
Sold by
Helms Franklin Darrel
Bought by
Helms Franklin Darrel and Helms Mary Willi
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
Joya Elias B $200,000 Independence Title Group Llc
Helms Franklin Darrel -- None Available
Helms Bruce Robert -- None Available
Helms Franklin Darrel -- None Available
Helms Justin K -- None Available
Helms Franklin Darrel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joya Elias B $149,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2018 08/23/18 Sold $199,900 -4.8% $56 / Sq Ft
06/16/2018 06/16/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $209,900 -- $58 / 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 $3,155 $289,300 $20,200 $269,100
2023 $3,155 $289,300 $20,200 $269,100
2022 $3,155 $289,300 $20,200 $269,100
2021 $3,155 $289,300 $20,200 $269,100
2020 $1,664 $123,470 $16,070 $107,400
2019 $1,664 $123,470 $16,070 $107,400
2018 $558 $90,470 $16,070 $74,400
2017 $1,237 $90,500 $16,100 $74,400
2016 $1,224 $90,470 $16,070 $74,400
2015 $703 $90,470 $16,070 $74,400
2014 -- $159,360 $19,430 $139,930
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3396522

Canopy MLS (Canopy Realtor® Association)

APN: 09-271-050