NOT LISTED FOR SALE

827 Forest St Hendersonville, NC 28739

Estimated Value: $252,000 - $360,000

3 Beds
2 Baths
463 Sq Ft
$658/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $145,000 $313 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,842/month

3 Days on Market

Highlights

  • Wood Flooring
  • High Speed Internet
  • Level Lot
  • Hendersonville High School Rated A-

About This Home

As of October 2019

Great opportunity to own cash-flowing investment property in downtown Hendersonville. Has been operated as two profitable rental units for the past several years with very little vacancy. Upstairs is a cute 1 bed, 1 bath apartment and the lower apartment has 2 bedrooms and a bath. The roof was replaced in 2017 and one of the water heaters was replaced in August 2019. Separately metered gas and electric with two individual driveways and entrances. Rent out both units or live in one and let the rent pay your mortgage. Book your showing before someone else buys this excellent investment opportunity.

Last Agent to Sell the Property

Spencer Blevins

BluAxis Realty License #296744 Listed on: 09/10/2019

Last Buyer's Agent

Amy Brown

Selling AVL Inc. License #312682

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • Level Lot
  • Open Lot

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Siding

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for cable, electricity, gas, outdoor lighting
  • Rent includes exterior maintenance, garbage pick-up, sewer, water
  • Assessor Parcel Number 107775

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96731
  • Ratio Close Price By Original Li: 0.96731
  • Ratio Current Price By Acre: 630434.78
  • Ratio Current Price By Sq Ft: 313.17
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cable Prewire, Electric Dryer Hookup, Electric Range, Refrigerator, Natural Gas, Electric Oven
  • Flooring: Tile, Wood
  • Laundry Location: Lower
  • Sq Ft Additional: 666
  • Total Sq Ft: 463

Exterior Features

  • Construction: Concrete Block, Fiber Cement, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Satellite Internet Available, Wired Internet Available

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Gas Hot Air Furnace, Natural Gas, Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Bruce Drysdale
  • Middle School: Hendersonville
  • High School: Hendersonville

Lot Info

  • Lot Features: Level, Open Lot, Paved Frontage
  • Lot Size Area: 0.230
  • Parcel Number: 107775
  • Zoning Specification: R-15

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Sewer, Water
  • Tenant Pays: Cable, Electricity, Gas, Outdoor Lighting

Tax Info

  • Tax Value: 137000.00
  • Tax Location: Hendersonville

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2021
Sold by
Dickerson Alayna and Huneycutt Mark
Bought by
Huneycutt Mark and Dickerson Alayna
Current Estimated Value
$304,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Outstanding Balance
$129,671
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$175,077

Purchase Details

Listed on
Sep 10, 2019
Closed on
Oct 8, 2019
Sold by
Blevins Spencer
Bought by
Dickerson Alayna
Seller's Agent
Spencer Blevins
BluAxis Realty
Buyer's Agent
Amy Brown
Selling AVL Inc.
List Price
$149,900
Sold Price
$145,000
Premium/Discount to List
-$4,900
-3.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.54%
Original Mortgage
$140,160
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 24, 2016
Closed on
Dec 16, 2016
Sold by
Hise Susan H
Bought by
Blevins Spencer
Seller's Agent
Joy Perko
NorthGroup Real Estate LLC
Buyer's Agent
Zach Hebb
NC Real Property
List Price
$124,900
Sold Price
$115,000
Premium/Discount to List
-$9,900
-7.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$103,500
Interest Rate
3.75%
Mortgage Type
New Conventional
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
Huneycutt Mark -- None Available
Dickerson Alayna $145,000 --
Blevins Spencer $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huneycutt Mark $144,000
Closed Dickerson Alayna $140,160
Previous Owner Blevins Spencer $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $145,000 -3.3% $313 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/10/2019 09/10/19 For Sale $149,900 +30.3% $324 / Sq Ft
12/09/2016 12/09/16 Sold $115,000 -7.9% $122 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $124,900 -- $133 / 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 $2,203 $231,700 $96,000 $135,700
2024 $2,203 $231,700 $96,000 $135,700
2023 $2,134 $231,700 $96,000 $135,700
2022 $1,481 $137,000 $48,000 $89,000
2021 $1,481 $137,000 $48,000 $89,000
2020 $1,440 $137,000 $0 $0
2019 $1,440 $137,000 $0 $0
2018 $559 $80,400 $0 $0
2017 $454 $80,400 $0 $0
2016 $454 $80,400 $0 $0
2015 -- $80,400 $0 $0
2014 -- $79,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3545788

Canopy MLS (Canopy Realtor® Association)

APN: 0107775