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Sold for $205,000
  • $205,000

    113 S Gilmer St, Mount Airy, NC 27030

    --beds
    --baths
    --sqft
    Apartment, Multi Family
    Built in 1920
    -- sqft lot
    $247,900 Zestimate®
    $--/sqft
    $1,171 Estimated rent

    Home value

    $247,900

    $198,000 - $302,000

    $1,171/mo

    Zestimate® history
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    $1,295/mo

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    What's special

    Civil engineering
    Attention investors, builders, and developers! This is a "shovel ready" fully designed, engineered, and permitted 11 unit apartment building upfit opportunity. Plans call for 9 one-bedroom units and 2 two-bedroom units. This property is nationally recognized as a historic building and has significant historic tax credit potential for the new owner. The historic tax credit application is in process. Sale includes all plans including survey, site plan, civil engineering, architecture, construction documents, interior design plans, and historic tax credit application. Excess land for parking lot is also included in the sale. Priced at less than $21,000 per unit to give the future owner an opportunity for plenty of upside in the deal.

    Zillow last checked:

    Listing updated:

    Listed by:

    Andrew Balogh 336-428-0230,

    eXp Realty LLC

    Bought with:

    NONMEMBER NONMEMBER

    nonmls

    Source: Triad MLS,MLS#: 1110434MLS LogoOriginating MLS: Winston-Salem

    Facts & features

    Interior

    Heating
    • None, No Fuel
    Cooling
    • None
    Features
    • Has basement: Yes
    • Has fireplace: No

    Property

    Parking
    • Parking features: Deck, On Street
    • Has uncovered spaces: Yes
    Features
    • Pool features: None
    Lot
    • Dimensions: 1
    Details
    • Parcel number: 502016940954
    • Zoning: R6
    • Special conditions: Owner Sale

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment, Multi Family
    Condition
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Mount Airy

    Financial & listing details

    • Tax assessed value: $112,690
    • Annual tax amount: $703
    • Date on market: 7/5/2023
    • Cumulative days on market: 666 days
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,1031 Exchange

    Price history

    DateEventPrice
    6/6/2024Sold$205,000-8.9%
    Source: Triad MLS #1110434 Report a problem
    4/16/2024Pending sale$225,000
    Source: Triad MLS #1110434 Report a problem
    4/6/2024Listed for sale$225,000
    Source: Triad MLS #1110434 Report a problem
    2/29/2024Pending sale$225,000
    Source: Triad MLS #1110434 Report a problem
    2/20/2024Price change$225,000-18.2%
    Source: Triad MLS #1110434 Report a problem
    7/5/2023Listed for sale$275,000
    Source: Triad MLS #1110434 Report a problem
    6/1/2023Listing removed$275,000
    Source: Triad MLS #1089473 Report a problem
    11/9/2022Listed for sale$275,000-8.3%
    Source: Triad MLS #1089473 Report a problem
    10/19/2022Listing removed$299,900
    Source: Triad MLS #1064790 Report a problem
    4/20/2022Listed for sale$299,900
    Source: Triad MLS #1064790 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,520 +39.3%$241,120 +29.8%
    2024$1,092 $185,770 +64.9%
    2023$1,092 +52.6%$112,690
    2022$715 +11.7%$112,690
    2021$640 -7.4%--
    2020$691 $99,880
    2019$691 $99,880
    2018$691 $99,880
    2017$691 +1.5%$99,880
    2016$681 $99,880
    2013-- $99,880
    Find assessor info on the county website

    Neighborhood: 27030

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $247,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $247,900