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Sold for $326,841
  • $326,841

    1603 Easterling Dr, Spring Lake, NC 28390

    --beds
    0baths
    --sqft
    Multi Family
    Built in 1937
    -- sqft lot
    $414,300 Zestimate®
    $--/sqft
    $1,289 Estimated rent

    Home value

    $414,300

    $394,000 - $435,000

    $1,289/mo

    Zestimate® history
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    What's special

    This six-unit asset presents a compelling opportunity within a rapidly evolving and positively trending growth corridor. The property consists of multiple detached dwelling structures, each offering functional layouts and contributing to a diversified income stream. The improvements reflect a blend of character and utility, creating immediate livability while supporting long-term value creation. Positioned in an area experiencing consistent expansion and reinvestment, the surrounding market is marked by increasing demand, ongoing development activity, and a clear trajectory toward higher-density and higher-value uses. The location benefits from strong accessibility to key corridors, employment hubs, and regional drivers, further reinforcing its desirability for both tenants and future end users. The asset is well-suited for investors seeking a balance of in-place cash flow and strategic upside. Its current configuration provides stable income potential, while the broader market dynamics create a favorable environment for future repositioning, expansion, or redevelopment. As growth continues to push outward and infill opportunities become more limited, properties of this nature are increasingly positioned to benefit from appreciation and enhanced utilization. In summary, this is a forward looking investment anchored by existing income, supported by a strengthening market, and enhanced by meaningful long-term potential in a corridor that continues to gain momentum.

    Zillow last checked:

    Listing updated:

    Listed by:

    EMELIA NOA,

    NOA EXECUTIVE REALTY

    Bought with:

    EMELIA NOA, 218506

    NOA EXECUTIVE REALTY

    Source: LPRMLS,MLS#: 761265MLS LogoOriginating MLS: Longleaf Pine Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Details
    • Parcel number: 9592932992.000
    • Zoning description: C3 - Heavy Commercial
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1937

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Lake

    Community & HOA

    Community
    • Subdivision: Spring Lake
    Location
    • Region: Spring Lake

    Financial & listing details

    • Tax assessed value: $161,032
    • Annual tax amount: $5,305
    • Date on market: 4/26/2026
    • Cumulative days on market: 17 days

    Price history

    DateEventPrice
    7/24/2026Sold$326,841-24%
    Source: LPRMLS #761265 Report a problem
    5/8/2026Pending sale$430,000
    Source: LPRMLS #761265 Report a problem
    4/26/2026Listed for sale$430,000+131.2%
    Source: LPRMLS #761265 Report a problem
    7/27/1999Sold$186,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,305 +8%$161,032 +50.8%
    2024$4,914 +21.1%$106,801 +2.1%
    2023$4,056 $104,560
    2022$4,056 $104,560
    2021$4,056 $104,560
    2020-- $104,560
    2019$3,824 $104,560
    2018$3,824 $104,560
    2017$3,824 -0.4%$104,560 -4.8%
    2016$3,838 $109,780
    2015$3,838 $109,780
    2014$3,838 +144.5%$109,780
    2013$1,570 +58.5%$109,780
    2011$991 $109,780 +41.7%
    2002-- $77,484
    2001-- $77,484
    Find assessor info on the county website

    Neighborhood: 28390

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $414,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $414,300