NOT LISTED FOR SALE

Estimated Value: $110,000 - $285,000

8 Beds
4 Baths
1,300 Sq Ft
$164/Sq Ft Est. Value

Last Sold September 22, 2022

Last sale price $547,500 $421 Per Sq Ft

Current estimated payment $1,315/month

13 Days on Market

About This Home

As of September 2022

Investment properties! The Cedars Apartments, conveniently located group of six duplex properties. Close to shopping, restaurants and downtown. This property offers 2 duplexes 902 and 904 S. Elm St. parcel#177218. There are 4 other duplex buildings. Those addresses are: 305 W. Ward Ave., 900 S. Elm St. parcel#172217, 307 W. Ward Ave., 1003 Stanton Pl. parcel#172216. There are also 2 land parcels #172222, 172223. Two of the duplexes offer 2 bedrooms, 1 bath and four of the duplexes offer 2 bedrooms, 1.5 baths. All units are currently rented. Call agents office for viewing appointments.

Last Listed By

Amy Leach

Atlantic Insurance & Realty Co. License #309504 Listed on: 07/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,576

Year Built

  • Built in 1966

Lot Details

  • 0.25

Home Design

  • Duplex

Utilities

  • Forced Air Heating System
  • No Heating
  • Electric Water Heater

Additional Features

  • Washer and Dryer Hookup
  • 0.25 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 172218
  • 1% Total Tax Rate

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,576

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.25
  • Directions: Take S. Main St. in High Point, turn onto W. Ward Ave. Turn left onto S. Elm St. Property is on the right.
  • Year Built: 1966
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • TRIADMLS_PoolYN: No

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: None
  • Heating: Forced Air, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 172218
  • Zoning: RM-16
  • TRIADMLS_PricePerAcre: 2190000
  • TRIADMLS_DeedPage: 01153
  • TRIADMLS_DeedBook: 006350
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1576.44
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.378

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Sep 22, 2022
Sold by
Cheek-Fowler Llc
Bought by
Nay Soufin and Varner Toby
Seller's Agent
Amy Leach
Atlantic Insurance & Realty Co.
Buyer's Agent
Robin Brady
Welcome Home Realty
List Price
$585,000
Sold Price
$547,500
Premium/Discount to List
-$37,500
-6.41%
Total Days on Market
13
Views
35
Current Estimated Value
$212,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$334,833
Avg. Annual Appreciation
-30.10%
Original Mortgage
$340,000
Outstanding Balance
$328,349
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
-$113,349

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
Nay Soufin $547,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nay Soufin $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $547,500 -6.4% $421 / Sq Ft
08/02/2022 08/02/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $585,000 -- $450 / Sq Ft
Source: Triad MLS

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
2023 $1,576 $114,400 $7,000 $107,400
2022 $1,542 $114,400 $7,000 $107,400
2021 $1,068 $77,500 $6,500 $71,000
2020 $1,068 $77,500 $6,500 $71,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1076431

Triad MLS

APN: 0172218