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Gaston 28032
505 8th Avenue Extension
$54,000
● House - Off Market

505 8th Avenue Extension

Cramerton, NC 28032
bedrooms
3 Beds
bathrooms
1 Bath
square feet
905 Ft²
$101,769
RealtyHop Estimate
90.22%
Since Oct 1, 2016
NC-Charlotte
Primary Model

About This Property

Back on the market! Great starter/Single family home or investment property 3BD/1BA. Located in a quite area. Move in ready! Partly furnished and freshly painted with new carpet located just minutes from I-85 and Christmas town USA.
Unit Size
905 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$59
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

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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: 2 years ago (CANOPYMLS #CAR3195995)

Price History

Date / Event Date Event Price
Sep 2, 2016 Sold
Premium
Sold
Jul 11, 2016 Listed by Giving Tree Realty $53,500
Listed by Giving Tree Realty
Aug 4, 2014 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 209
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Frontage Feet: 0
  • Total Building Area: 868
  • Building Area: 868
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 868
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 1010
  • Legal Description 1: 15 031B 127 00 000

Neighborhood

  • School District Name: Gaston County Schools
  • School Tax School District: NEW HOPE FD
  • Census Tract: 032201

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 15 MAP 31B
  • Account Number: 1673868
  • District: NEW HOPE FD
  • Parcel: 185561
  • Municipality: NEW HOPE FD
  • Latitude: 35.2504
  • Longitude: -81.0854

    Address

  • Full Address: 505 8th Avenue Ext
  • Address - House Number: 505
  • Address - Street Name: 8th Avenue
  • Address - Suffix Type: Ext
  • State: NC
  • City Name: Cramerton
  • Carrier Code: C001
  • 4-Digit Zip Code: 1102
  • Zip Code: 28032

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $87,049

    Appraisal Valuation

  • Standard Deviation: 0.2577
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 63
  • Final Value: 154,051
  • High Value: 193,754
  • Low Value: 114,348

    Market Valuation

  • Market Total Value: $57,090
  • Market Land Value: $9,000
  • Market Improvement Value: $48,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,250
  • Assessed Land Value: $13,130
  • Assessed Improvements Value: $112,120

    Sales

  • Current Sale Contract Date: Sep 02, 2016
  • Current Sale Recording Date: Sep 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 04, 2014
  • Previous Sale Contract Date: Jul 31, 2014
  • Previous Sale Amount: $48,000
  • 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 Gaston

Stats & Trends

Median Asking:

$334,900

Sale Price/ft²

$195

Above Asking

0.26%

Average Days on Market

68

Average Home Size

2009 ft²

Average Home Age

33.8 years

Currently For Sale

1146 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

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CANOPYMLS

Listed by: Allison Wallace, Giving Tree Realty
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR3195995
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 505 8th Avenue Extension built and last sold?
The property at 505 8th Avenue Extension was built in 1900 and last sold on Sep 2, 2016 for $54,000.
How much is this home worth?
The estimated value of the home located at 505 8th Avenue Extension is $0.
What are some comparable homes to 505 8th Avenue Extension?
There are currently no comparable homes to 505 8th Avenue Extension.
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