Two single family/detached homes used as rentals with long term tenants on the same parcel making this investment a duplex. Each home is a 2 bedroom 1 bath home. 506 is fully renovated with brand new everything including the kitchen and appliances, bathroom, bedrooms, flooring, paint and roof (2022). 508 has recent updates of a new roof in 2022 and a fully renovated bathroom. Both homes are being sold together.
Sold for $137,500
$137,500
506 Lake Avenue, Spring Lake, NC 23390
2beds
672sqft
Single Family Residence
Built in 1942
0.47 Acres Lot
$142,900 Zestimate®
$205/sqft
$1,055 Estimated rent
Home value
$142,900
$131,000 - $153,000
$1,055/mo
Zestimate® history
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$887/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Dimitrios Christie,
eXp Realty, LLC - Clayton
Bought with:
Non Member
Non MLS Office
Source: eXp Realty,MLS#: TR2510962
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Other, Window Unit
Cooling
- Window Units
Features
- Flooring: Luxury Vinyl Plank
- Basement: None
- Has fireplace: No
Interior area
- Total interior livable area: 672 sqft
Property
Lot
- Size: 0.47 Acres
- Features: Item14to12 Acre Lot
Details
- Parcel number: 0501956624
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Other
Condition
- New construction: No
- Year built: 1942
Community & neighborhood
Location
- Region: Spring Lake
- Subdivision: SpgLk
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/30/2023 | Sold | $137,500+129.5%$205/sqft |
Source: eXp Realty #110705909 Report a problem | ||
| 2/15/2011 | Listing removed | $59,900$89/sqft |
Source: Re/Max Premier Properties Report a problem | ||
| 10/9/2010 | Listed for sale | $59,900$89/sqft |
Source: Re/Max Premier Properties Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,744 +4.3% | $69,122 +32.2% |
| 2024 | $1,672 +24.9% | $52,305 +13.5% |
| 2023 | $1,338 | $46,089 |
| 2022 | $1,338 | $46,089 |
| 2021 | $1,338 | $46,089 |
| 2020 | -- | $46,089 |
| 2019 | $1,280 | $46,089 |
| 2018 | $1,280 | $46,089 |
| 2017 | $1,280 +4.5% | $46,089 +4.5% |
| 2016 | $1,224 | $44,120 |
| 2015 | $1,224 | $44,120 |
| 2014 | $1,224 +1.5% | $44,120 |
| 2013 | $1,207 | $44,120 |
| 2012 | $1,207 | $44,120 |
| 2011 | $1,207 | $44,120 |
| 2010 | -- | $44,120 |
| 2009 | -- | $44,120 +17.9% |
| 2008 | -- | $37,409 |
| 2007 | -- | $37,409 |
| 2006 | -- | $37,409 |
| 2005 | -- | -- |
| 2004 | -- | $37,409 |
| 2003 | -- | $37,409 +31.4% |
| 2002 | -- | $28,474 |
| 2001 | -- | $28,474 |
Find assessor info on the county website
Neighborhood: 28390
Nearby schools
GreatSchools rating
- 6/10William T Brown ElementaryGrades: PK-5Distance: 0.5 mi
- 6/10Spring Lake MiddleGrades: 6-8Distance: 0.2 mi
- 7/10Pine Forest HighGrades: 9-12Distance: 4.7 mi
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Estimated market value
$142,900
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
$142,900
- North Carolina
- Cumberland County
- Spring Lake
- 28390
- 506 Lake Avenue
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