Closed

$1,700,000

16 Lake Dr, Laurel Park, NC 28739

1beds

2baths

8,003sqft

Multi Family

Built in 1955

-- sqft lot

$-- Zestimate^®

$212/sqft

$1,073 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,073/mo

Zestimate^® history

Owner options

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$1,073/mo

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$1,073/mo

Rent Zestimate^®

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$9,789/mo

Est. payment

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$9,789/mo

Est. payment

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What's special

Pedestrian bridgeBeautiful laurel park

Amazing investor opportunity!! 18 units! Great location in beautiful Laurel Park. So many of the apartments face Rhododendron Lake with walking trails, pedestrian bridge, and fishing. Lovely common area for residents to relax, cook out or just sit and enjoy! This is a rare opportunity to own a multi-family in such a desirable area! The rental numbers are the averages of current rents for each type of unit. There are a few units vacant as they were being turned over. Check out the most recent rent roll in the attachements

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2

Heating

Ductless

Cooling

Ductless

Appliances

Included: Refrigerator
Laundry: Common Area, Laundry Room

Features

Basement: Apartment

Interior area

Total structure area: 8,003
Total interior livable area: 8,003 sqft
Finished area above ground: 8,003
Finished area below ground: 0

Property

Parking

Parking features: Parking Lot

Features

Has view: Yes
View description: Water
Has water view: Yes
Water view: Water

Lot

Size: 0.51 Acres
Features: Wooded, Other - See Remarks

Details

Parcel number: 103676
Zoning: R-20
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl
Foundation: Crawl Space
Roof: Metal

Condition

New construction: No
Year built: 1955

Utilities & green energy

Sewer: Public Sewer
Water: City

Community & HOA

Location

Region: Laurel Park

Financial & listing details

Price per square foot: $212/sqft
Tax assessed value: $1,184,300
Annual tax amount: $9,782
Date on market: 5/10/2024
Cumulative days on market: 30 days
Tenant pays: Other
Road surface type: Asphalt, Paved

Price history

Date	Event	Price
10/18/2024	Sold	$1,700,000-12.8%$212/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
8/15/2024	Pending sale	$1,950,000$244/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
8/2/2024	Listed for sale	$1,950,000$244/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
7/18/2024	Pending sale	$1,950,000$244/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
7/17/2024	Price change	$1,950,000-3.4%$244/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
7/2/2024	Listed for sale	$2,018,750$252/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
5/13/2024	Pending sale	$2,018,750$252/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
5/10/2024	Listed for sale	$2,018,750+143.2%$252/sqft
Source: Canopy MLS as distributed by MLS GRID #4138704 Report a problem
1/18/2024	Listing removed	--
Source: Zillow Rentals Report a problem
12/13/2023	Price change	$950-2.6%
Source: Zillow Rentals Report a problem
11/15/2023	Price change	$975-4.9%
Source: Zillow Rentals Report a problem
11/14/2023	Price change	$1,025-6.8%
Source: Zillow Rentals Report a problem
10/12/2023	Listed for rent	$1,100
Source: Zillow Rentals Report a problem
5/7/2018	Sold	$830,000$104/sqft
Source: Canopy MLS as distributed by MLS GRID #3324829 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,782	$1,184,300
2024	$9,782	$1,184,300
2023	$9,782 +19%	$1,184,300 +43.4%
2022	$8,223	$825,600
2021	--	$825,600
2020	$8,223	$825,600
2019	$8,223 +384.6%	$825,600 +174.9%
2018	$1,697	$300,300
2017	$1,697	$300,300
2016	--	$300,300
2015	--	$300,300 -3.3%
2014	--	$310,700
2013	--	$310,700
2012	--	$310,700
2011	--	$310,700 -24.6%
2010	--	$412,200
2009	--	$412,200
2008	--	$412,200
2007	--	$412,200 +19.3%
2006	--	$345,500
2005	--	$345,500