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1220 Morland Drive

1220 Morland Drive, Statesville, NC 28677
Commercial in Iredell
1 Units For Sale
Unit for sale at 000 Morland Drive, Statesville, NC 28677

$650,000

  • Commercial
000 Morland Drive, Statesville, NC 28677 Listing by Thomas Gregory

1220 Morland Drive has been categorized by the local assessors in Statesville, NC as a commercial type of property. The building on the property was first built in 2001 and is 23 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. The building has a total of 2 stories. In addition, 1220 Morland Drive has 33,222 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 322,867 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with stone control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a steel frame or truss style roof made of metal. The exterior walls of the building are made of brick. While the interior walls have been made of wood. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a radiant heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1220 Morland Drive sold most recently in May 13, 2004 for a total of $2,600,000. If you work out the math, that's approximately a cost of $67.03 per sqft. Before that, the property was also sold for $2,549,000 in Feb 13, 2004. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $33,289 in taxes each year. 1220 Morland Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,271,330. If we break it down further, the land itself was valued at $1,043,610. Improvements to the property, however, were assessed at a total of $2,227,720. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.

This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210804
08/04/2021
Loft
-
-
$1,800,000
bedrooms
Loft
bathrooms
-
-
-
-
Julia Pacifico
Pacifico Properties LLC
20200701
07/01/2020
Loft
-
-
$2,200,000
bedrooms
Loft
bathrooms
-
-
-
-
Julia Pacifico
Pacifico Properties LLC

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 14
  • Building Quality: D
  • Construction Type: Stone
  • Exterior Walls Type: Brick
  • Interior Walls Type: Wood
  • Roof Shape Type: Steel frame or truss
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Floor Cover: Concrete
  • Basement Type: Unfinished basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 322,867
  • Total Building Area: 38,790
  • Gross Building Area: 38,790
  • Building Area: 38,790
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Radiant
  • Heated Square Feet: 33,222
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: SALISBURY RD INDUSTRIAL
  • Land Acres: 7.412
  • Standard Land Use Code: Vehicle rentals, vehicle sales
  • County Land Use Code: Parcels with improvements, use not specified
  • Legal Description 1: L3 MORLAND PARK PB 39-39 39-149R

Ownership

  • Current Owner : REALTY INCOME CORP
  • Previous Owner : STATESVILLE PROPERTY CO LLC
  • Owner Before Previous Owner: WILSON PROPERTIES LP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Iredell-Statesville Schools
  • School Tax School District: C
  • School Tax District Code 2: CI01
  • Census Tract: 060603

Zoning

  • Zoning: B-5

Geography

  • Assessors Map Reference: MAP:4743
  • Account Number: 77432716
  • District: 01
  • Parcel: 4743-78-9915.000
  • Block: 78
  • Lot: 3
  • Municipality: STATESVILLE INSIDE
  • Latitude: 35.7659
  • Longitude: -80.8614

    Address

  • Full Address: 1220 Morland Dr
  • Address - House Number: 1220
  • Address - Street Name: Morland
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Statesville
  • Carrier Code: C006
  • 4-Digit Zip Code: 6949
  • Zip Code: 28677

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $33,289

    Market Valuation

  • Market Total Value: $3,271,330
  • Market Land Value: $1,043,610
  • Market Improvement Value: $2,227,720

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,271,330
  • Assessed Land Value: $1,043,610
  • Assessed Improvements Value: $2,227,720

    Sales

  • Current Sale Contract Date: May 13, 2004
  • Current Sale Recording Date: Jun 16, 2004
  • Current Sale Transaction ID: 1197471918
  • Current Sale Price: $2,600,000
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Feb 16, 2004
  • Previous Sale Contract Date: Feb 13, 2004
  • Previous Sale Amount: $2,549,000
  • Previous Sale Document Type: Warranty Deed

About Statesville



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Nearby Rentals

Unit for rent at

$600 /mo

  • 2 Beds
  • 2 Baths
  • 1,280 ft²
Listing by MORT TRIMBLE

Frequently Asked Questions

What neighborhood is 1220 Morland Drive located in?
The 1220 Morland Drive is a commercial located in the neighborhood of Iredell in Statesville, Statesville.
How many listings are currently for sale in 1220 Morland Drive?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1220 Morland Drive?
The average sales price for units in 1220 Morland Drive is $650,000 currently.

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