NOT LISTED FOR SALE

896 W King St Boone, NC 28607

Boone Area

Estimated Value: $560,243

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

Sale Details

Date Sold: August 11, 2021

Last sale price $475,000 $848 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,397 / mo

167 Days on Market

Highlights

  • No HOA
  • Cottage
  • Heating Available
  • Hardin Park Elementary School Rated A
  • Wood Siding

About This Home

As of August 2021

This investment property projects to a Cap Rate of 11.3 and Gross Rent Multiplier of 6.95. Currently long term rental, however can be used for Short Term Rental. See the attached projected revenue and returns. Beautifully remodeled in 2018, both units come furnished. Units have parking and short walk to everything downtown Boone has to offer. Your investor clients will thank you for bringing them this property. - Lower unit is 6'6 in height so not counted in Heated Living Area.

Last Agent to Sell the Property

Mike Quinto

Quinto Realty Listed on: 01/25/2021

Last Buyer's Agent

Chad Gryder

Appalachian Properties

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,079

Year Built

  • Built in 1950

Lot Details

  • 2,178 Sq Ft Lot

Home Design

  • 560 Sq Ft Home
  • Duplex
  • Cottage
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Schools

  • Hardin Park Elementary School
  • Watauga High School

Utilities

  • No Cooling
  • Heating Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Short Term Rentals Allowed
  • Assessor Parcel Number 2901-70-2010-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,079

Year Built

Built in 1950

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Road Surface Type: Other, Paved, See Remarks
  • Subdivision Name: None
  • Architectural Style: Cottage
  • Year Built: 1950
  • Property Sub Type Additional: Duplex,Multi Family
  • Special Features: None

Exterior Features

  • Construction Type: Wood Siding, Wood Frame
  • Roof: Metal

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Hardin Park
  • High School: Watauga

Lot Info

  • Parcel #: 2901-70-2010-000
  • Zoning Description: Business/Comm
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 1079.0
  • Tax Book Number: 224/399

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Jul 28, 2021
Sold by
Dllft Llc
Bought by
Seller's Agent
Mike Quinto
Quinto Realty
Buyer's Agent
Chad Gryder
Appalachian Properties
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$560,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,243
Avg. Annual Appreciation
3.28%
Original Mortgage
$125,000
Outstanding Balance
$100,178
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$460,065

Purchase Details

Closed on
Jun 17, 2020
Sold by
Meh Limited Partnership
Bought by
Dllft Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Boone, NC

  • Hope Caroselli Real Estate Agent - Blue Ridge Realty & Inv. Blowing Rock

    Hope Caroselli

    Blue Ridge Realty & Inv. Blowing Rock

    (828) 457-7599

    81 Total Sales

    27 in Boone

    $32K - $1.3M Price Range

    Hope Caroselli
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  • Lauren Hart Real Estate Agent - Hart Real Estate

    Lauren Hart

    Hart Real Estate

    (828) 624-6354

    156 Total Sales

    1 in Boone

    $599,000 Price

    Lauren Hart
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  • Jason Altenhof Real Estate Agent - Costello Real Estate and Investments LLC

    Jason Altenhof

    Costello Real Estate and Investments LLC

    (980) 434-0025

    43 Total Sales

    1 in Boone

    $400,000 Price

    Jason Altenhof
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  • Whitney Parsons Real Estate Agent - Ivester Jackson Christie's

    Whitney Parsons

    Responds Quickly

    Ivester Jackson Christie's

    (888) 507-5853

    116 Total Sales

    4 in Boone

    $831K - $2.1M Price Range

    Whitney Parsons
     Section Image
  • Chris Spencer Real Estate Agent - Realty Executives of Hickory

    Chris Spencer

    Realty Executives of Hickory

    (828) 523-8514

    126 Total Sales

    2 in Boone

    $45K - $560K Price Range

    Chris Spencer
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  • Tammra Granger Real Estate Agent - Premier Sotheby's International Realty

    Tammra Granger

    Premier Sotheby's International Realty

    (980) 580-8722

    66 Total Sales

    1 in Boone

    $339,000 Price

    Tammra Granger
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$475,000 Deal James M
Dllft Llc -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $125,000
Previous Owner Dllft Llc $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/11/2021 08/11/21 Sold $475,000 0.0% $848 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $475,000 -- $848 / Sq Ft
Source: High Country Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,806 $329,500 $53,900 $275,600
2024 $3,829 $330,000 $53,900 $276,100
2023 $3,585 $330,000 $53,900 $276,100
2022 $3,585 $330,000 $53,900 $276,100
2021 $0 $122,900 $21,800 $101,100
2020 $1,088 $122,900 $21,800 $101,100
2019 $1,088 $114,200 $13,100 $101,100
2018 $100 $13,100 $13,100 $0
2017 $100 $13,100 $13,100 $0
2013 -- $12,600 $12,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Quinto Real Estate Agent - Quinto Realty

    Seller's Agent in 2021

    Mike Quinto

    Quinto Realty

    (828) 379-9322

    111 Total Sales

    Mike Quinto
    Section Image
  • Chad Gryder Real Estate Agent - Appalachian Properties

    Buyer's Agent in 2021

    Chad Gryder

    Appalachian Properties

    (828) 295-2062

    67 Total Sales

    Chad Gryder
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 227961

High Country Association of REALTORS®

APN: 2901-70-2010-000

North Carolina Watauga County Boone 28607

896 W King St, Boone, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

High Country Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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