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Shelby 28150
1545 Spangler Drive
$212,000
● House - Off Market

1545 Spangler Drive

Shelby, NC 28150
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,262 Ft²
$1,056
Est. Monthly

About This Property

Charming All brick home with vinyl trim, features 2 spacious bedrooms and 2 full baths.  All kitchen appliances remain, large family room perfect for gatherings.  Cozy eat-in kitchen and a separate dining room.  Also a bright and airy sunroom providing a relaxing space to unwind.
Unit Size
1,262 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$170
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (CANOPYMLS #CAR4168758)

Price History

Date / Event Date Event Price
Sep 5, 2024 Sold
Premium
Sold
Aug 6, 2024 Listed by Keller Williams Ballantyne Area $215,000
Listed by Keller Williams Ballantyne Area
Nov 30, 2021 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1996
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 320
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,136
  • Lot Size Depth Feet: 1,480
  • Lot Size Frontage Feet: 820
  • Total Building Area: 1,285
  • Building Area: 1,285
  • Building Area Measurement: K

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 8
  • Heated Square Feet: 1,285
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPANGLER
  • Land Acres: 0000000278
  • Standard Land Use Code: 1001
  • County Land Use Code: ED
  • Legal Description 1: SPANGLER DR #4 BLK D

Neighborhood

  • School District Name: Cleveland County Schools
  • School Tax School District: CITY OF SHELBY
  • Census Tract: 950702

Zoning

  • Zoning: R10

Geography

  • Assessors Map Reference: 6-46A
  • Account Number: 1343741
  • District: 6
  • Parcel: 29562
  • Block: 2
  • Lot: 19
  • Municipality: SHELBY
  • Latitude: 35.2759
  • Longitude: -81.5169

    Address

  • Full Address: 1545 Spangler Dr
  • Address - House Number: 1545
  • Address - Street Name: Spangler
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Shelby
  • Carrier Code: C008
  • 4-Digit Zip Code: 6133
  • Zip Code: 28150

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $70,068
  • Tax Rate Code Area: 5

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 66
  • Final Value: 151,416
  • High Value: 176,977
  • Low Value: 125,854

    Market Valuation

  • Market Total Value: $113,870
  • Market Land Value: $12,300
  • Market Improvement Value: $101,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $113,870
  • Assessed Land Value: $12,300
  • Assessed Improvements Value: $101,570

    Sales

  • Current Sale Contract Date: Nov 29, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 200064952
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Shelby

Stats & Trends

Median Asking:

$252,450

Sale Price/ft²

$160

Below Asking

0.04%

Average Days on Market

89

Average Home Size

1797 ft²

Average Home Age

41.4 years

Currently For Sale

150 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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CANOPYMLS

Listed by: Sherry Horn, Keller Williams Ballantyne Area
Last Updated: 3 years ago
Data Source: CANOPYMLS, MLS# CAR4168758
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Frequently Asked Questions

When was property at 1545 Spangler Drive built and last sold?
The property at 1545 Spangler Drive was built in 1983 and last sold on Nov 29, 2021 for $156,000.
How much is this home worth?
The estimated value of the home located at 1545 Spangler Drive is $0.
What are some comparable homes to 1545 Spangler Drive?
There are currently no comparable homes to 1545 Spangler Drive.
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