Seller's Agent in 2021
Mike Quinto
Quinto Realty
(828) 379-9322
22 in this area
114 Total Sales
Estimated Value: $409,000 - $625,000
2
Beds
2
Baths
560
Sq Ft
$972/Sq Ft
Est. Value
Highlights
- No HOA
- Cottage
- Heating Available
- Hardin Park Elementary School Rated A
- Wood Siding
About This Home
As of August 2021This 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.
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
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,218
Avg. Annual Appreciation
2.84%
Original Mortgage
$125,000
Outstanding Balance
$103,699
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$440,519
Purchase Details
Closed on
Jun 17, 2020
Sold by
Bought by
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
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Home Values in the Area
Average Home Value in this Area
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 | ||
| -- | 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 | $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
-
Chad Gryder
Buyer's Agent in 2021
Chad Gryder
Appalachian Properties
(828) 295-2062
40 in this area
76 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 227961
APN: 2901-70-2010-000
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.
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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