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Union 28103
6318 Army Road
$420,000
● Land - Off Market

6318 Army Road

Marshville, NC 28103
bedrooms
Studio
bathrooms
0 Bath
$2,063
Est. Monthly

About This Property

Beautiful 16 acre piece of rolling land to build a nice Forever Home on! Wonderful School district, Nice Country setting on a quiet road. Some open land Some woods. Already Perc tested and approved for 4 Bedroom Conventional system. Well permitted and driveway already installed. Bring you plans and come on!!!
Unit Size
-
Days on Market
-
Land Size
16.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #CAR4243198)

Price History

Date / Event Date Event Price
Oct 24, 2025 Sold
Premium
Sold
Sep 25, 2025 In contract -
In contract
Apr 4, 2025 Listed by Select Premium Properties Inc $420,000
Listed by Select Premium Properties Inc
Aug 15, 2023 Sold
Premium
Sold
Apr 5, 2023 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,476,226
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: 1109900
  • Land Acres: 0000102760
  • Standard Land Use Code: 8008
  • Legal Description 1: HINSON ARMY ROAD

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 020800

Zoning

  • Zoning: RA-40 UNIO

Geography

  • District: 1
  • Parcel: 01-138-006
  • Municipality: NEW SALEM TWP
  • Latitude: 35.159
  • Longitude: -80.3724

    Address

  • Full Address: 6318 Army Rd
  • Address - House Number: 6318
  • Address - Street Name: Army
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Marshville
  • Carrier Code: R002
  • 4-Digit Zip Code: 8816
  • Zip Code: 28103

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,731
  • Tax Rate Code Area: 917

    Market Valuation

  • Market Total Value: $631,000
  • Market Land Value: $631,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $631,000
  • Assessed Land Value: $631,000

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19794
  • Previous Sale Recording Date: Aug 15, 2023
  • Previous Sale Contract Date: Aug 14, 2023
  • Previous Sale Amount: $248,000
  • 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 Union

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

67

Average Home Size

2666 ft²

Average Home Age

18.9 years

Currently For Sale

1093 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: Stephanie Smith, Select Premium Properties Inc
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4243198
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 6318 Army Road built and last sold?
The property at 6318 Army Road was built in and last sold on Aug 14, 2023 for $240,500.
How much is this home worth?
The estimated value of the home located at 6318 Army Road is $0.
What are some comparable homes to 6318 Army Road?
There are currently no comparable homes to 6318 Army Road.
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