Closed

$1,600,000

505 Secrest Ave, Belmont, NC 28012

2beds

5,144sqft

Duplex

Built in 1940

-- sqft lot

$-- Zestimate^®

$311/sqft

$1,423 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,423/mo

Zestimate^® history

Owner options

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$1,423/mo

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$1,423/mo

Rent Zestimate^®

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$9,557/mo

Est. payment

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$9,557/mo

Est. payment

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What's special

Vinyl sidingNew hvac systems

Extraordinary opportunity to own 6 duplex buildings for a total of 12 units in Belmont. This listing consists of the following addresses: 503 & 505 Secrest Ave., 306 & 308 Faires Ave., 502 & 504 Gaston Ave., 2 & 4 Vesta St., 1105 & 1107 Oakwood Dr., & 1113 & 1115 Oakwood Dr. The seller has been diligent in completing repairs and maintaining the properties. Many have new HVAC systems, roofs, vinyl siding, flooring, etc... Due to limitations w the number of attachments allowed, I am not attaching disclosures to this listing. Please reference MLS listings 4111958, 4112034, & 4112083 for disclosures, measurements, deeds, etc... The properties are tenant occupied but showings are allowed with a 48 hour notice. Contact the listing agent for details. These duplexes are in a prime location with super accessibility to all Belmont has to offer.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 12

Heating

Forced Air, Heat Pump

Cooling

Central Air

Appliances

Included: Electric Range, Refrigerator
Laundry: Electric Dryer Hookup, In Bathroom, In Kitchen, Washer Hookup

Features

None
Flooring: Carpet, Linoleum, Vinyl
Has basement: No

Interior area

Total structure area: 5,144
Total interior livable area: 5,144 sqft
Finished area above ground: 5,144
Finished area below ground: 0

Property

Parking

Parking features: Driveway, On Street
Has uncovered spaces: Yes

Features

Stories: 1
Patio & porch: Enclosed, Front Porch, Rear Porch

Lot

Size: 0.57 Acres
Dimensions: 100 x 251 x 100 x 251
Features: Cleared, Level

Details

Additional structures: None
Additional parcels included: 125744 & 183347
Parcel number: 187258
Zoning: RMF
Special conditions: Standard
Horse amenities: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Ranch
Property subtype: Duplex

Materials

Brick Full, Vinyl
Foundation: Crawl Space
Roof: Shingle,Composition,Fiberglass

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer, Septic Installed
Water: City, Shared Well
Utilities for property: Cable Available, Electricity Connected

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: None

Location

Region: Belmont

Financial & listing details

Price per square foot: $311/sqft
Tax assessed value: $645,410
Annual tax amount: $6,803
Date on market: 2/22/2024
Cumulative days on market: 17 days
Listing terms: Cash,Conventional,FHA,VA Loan
Tenant pays: All Utilities
Electric utility on property: Yes
Road surface type: Concrete, Dirt, Paved

Price history

Date	Event	Price
4/30/2024	Sold	$1,600,000-11.1%$311/sqft
Source: Canopy MLS as distributed by MLS GRID #4112126 Report a problem
3/10/2024	Pending sale	$1,800,000$350/sqft
Source: Canopy MLS as distributed by MLS GRID #4112126 Report a problem
2/23/2024	Listed for sale	$1,800,000$350/sqft
Source: Canopy MLS as distributed by MLS GRID #4112126 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,803	$645,410
2024	$6,803 -1%	$645,410
2023	$6,874 +45.7%	$645,410 +78.6%
2022	$4,716 -3%	$361,410
2021	$4,861	$361,410
2020	$4,861 -0.7%	$361,410
2019	$4,897 +49%	$361,410 +52.3%
2018	$3,286 +3%	$237,267
2017	$3,191	$237,267
2016	$3,191	$237,267 +25.7%
2014	$3,191	$188,818
2012	--	$188,818
2011	--	$188,818
2010	--	$188,818
2009	--	$188,818
2008	--	$188,818 -7.9%
2007	--	$205,020
2006	--	$205,020
2005	--	$205,020
2004	--	$205,020
2003	--	$205,020