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Morganton 28655
173 VFW Road
$149,900
● House - Off Market

173 VFW Road

Morganton, NC 28655
bedrooms
3 Beds
bathrooms
2 Baths
$737
Est. Monthly

About This Property

This ranch-style home is an ideal opportunity for investors or anyone looking for a fixer-upper. With a roof replaced in 2018 and three mini-split systems installed in 2021, the property has some valuable updates. Features include vaulted ceilings, a cozy fireplace, and two convenient locations for a washer and dryer. The spacious backyard boasts a large pond and deck, perfect for outdoor relaxation. Please note, the seller has not resided in the home recently, so buyers are encouraged to conduct all necessary inspections. This property is being sold as-is and is available for cash or conventional loan buyers only.
Unit Size
-
Days on Market
-
Land Size
1.30 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968

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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 #CAR4177697)

Price History

Date / Event Date Event Price
Oct 4, 2024 Sold
Premium
Sold
Sep 6, 2024 In contract -
In contract
Aug 31, 2024 Listed by WNC Real Estate at Lake James $149,900
Listed by WNC Real Estate at Lake James
Jul 22, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1980
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 12
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,628
  • Total Building Area: 2,039
  • Building Area: 2,039
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,039
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001300
  • Standard Land Use Code: 1001
  • Legal Description 1: 173 VFW RD MORGANTON, NC 28655

Neighborhood

  • School District Name: Burke County Schools
  • School Tax School District: BURKE COUNTY LA
  • School Tax District Code 2: BURKE COUNTY TA
  • Census Tract: 020202

Zoning

  • Zoning: LOW INTENS

Geography

  • District: 106
  • Parcel: 25732
  • Municipality: QUAKER MEADOWS
  • Latitude: 35.7753
  • Longitude: -81.7205

    Address

  • Full Address: 173 Vfw Rd
  • Address - House Number: 173
  • Address - Street Name: Vfw
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Morganton
  • Carrier Code: R015
  • 4-Digit Zip Code: 9054
  • Zip Code: 28655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $103,008
  • Tax Rate Code Area: 6035

    Appraisal Valuation

  • Standard Deviation: 0.3436
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 31
  • Final Value: 339,121
  • High Value: 455,657
  • Low Value: 222,584

    Market Valuation

  • Market Total Value: $168,229
  • Market Land Value: $25,358
  • Market Improvement Value: $142,871

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $168,229
  • Assessed Land Value: $25,358
  • Assessed Improvements Value: $142,871

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 2021013080
  • Previous Sale Recording Date: Jul 22, 2016
  • Previous Sale Contract Date: Jul 20, 2016
  • Previous Sale Amount: $99,000
  • Previous Sale Document Type: 71
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 Morganton

Stats & Trends

Median Asking:

$299,450

Sale Price/ft²

$177

Below Asking

0.04%

Average Days on Market

62

Average Home Size

2063 ft²

Average Home Age

-

Currently For Sale

82 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: Christie Leonard, WNC Real Estate at Lake James
Last Updated: 3 years ago
Data Source: CANOPYMLS, MLS# CAR4177697
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 173 Vfw Road built and last sold?
The property at 173 Vfw Road was built in 1968 and last sold on Oct 22, 2021 for $0.
How much is this home worth?
The estimated value of the home located at 173 Vfw Road is $0.
What are some comparable homes to 173 Vfw Road?
There are currently no comparable homes to 173 Vfw Road.
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