$400,000
SOLD APR 29, 2022
5 Beds
3 Baths
1,861 Sq Ft
0.36 Acres

Recently Sold

$215 Per Sq Ft

11% Below List Price

8 Days on Market

About This Home

As of April 2022

A great investment opportunity for this is a completely renovated income-producing student housing minutes from UNCC. No showings prior to the accepted offer. Do not disturb tenants. Property sold as-is and current monthly rent is $2,750.

Last Agent to Sell the Property

Esteban Valverde

Monarch Group Realty License #325523 Listed on: 03/14/2022

Last Buyer's Agent

Esteban Valverde

Monarch Group Realty License #325523 Listed on: 03/14/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,806

Year Built

  • Built in 1966

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Hardboard

Interior Spaces

  • 1,861 Sq Ft Home
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Cooktop
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Community Details

  • College Downs Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 049-343-13

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,806

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1966
  • Ratio Current Price By Acre: 1098901.10
  • Structure Type: Other
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fixture Exception Yn: 0
  • Appliances: Electric Cooktop, Dishwasher, Microwave
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Living Area: 1861
  • Full Bathrooms: 3
  • Total Bedrooms: 5

Exterior Features

  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Water Heater: Other
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.364
  • Lot Size Units: Acres
  • Parcel Number: 049-343-13
  • Zoning Description: R3

Rental Info

  • Rent Includes: None
  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 2.97619

Multi Family

  • Number Of Units Total: 1
  • Unit Count: 1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2021
Closed on
Feb 9, 2021
Sold by
Neill Quentin R R
Bought by
Petosa Joe
Seller's Agent
Jordan Flair
Pacifico Properties LLC
Buyer's Agent
Jack Marinelli
Helen Adams Realty
List Price
$170,000
Sold Price
$185,000
Premium/Discount to List
$15,000
8.82%
Current Estimated Value
$387,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,129
Avg. Annual Appreciation
18.18%
Original Mortgage
$175,750
Outstanding Balance
$146,258
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$240,871

Purchase Details

Closed on
Feb 17, 1997
Sold by
Neill Rosemary C
Bought by
Neill Quentin R R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $185,000 None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,750 New Conventional
Previous Owner $65,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $400,000 -11.1% $215 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $450,000 +143.2% $242 / Sq Ft
02/09/2021 02/09/21 Sold $185,000 +8.8% $98 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $170,000 -- $90 / 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
2023 $2,806 $363,600 $65,000 $298,600
2022 $1,585 $151,200 $25,000 $126,200
2021 $1,574 $151,200 $25,000 $126,200
2020 $1,566 $151,200 $25,000 $126,200
2019 $1,551 $151,200 $25,000 $126,200
2018 $1,442 $104,300 $23,800 $80,500
2017 $1,413 $104,300 $23,800 $80,500
2016 $1,404 $104,300 $23,800 $80,500
2015 $1,392 $104,300 $23,800 $80,500
2014 $1,402 $109,700 $23,800 $85,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3837411

Canopy MLS (Canopy Realtor® Association)

APN: 049-343-13