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Off market
  • $230,600

    5257 Farran Dr, Stanley, NC 28164

    5beds
    1,200sqft
    Other
    Built in 1953
    -- sqft lot
    $230,600 Zestimate®
    $192/sqft
    $1,461 Estimated rent

    Home value

    $230,600

    $173,000 - $291,000

    $1,461/mo

    Zestimate® history
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    $1,461/mo

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    $1,456/mo

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    $1,456/mo

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    What's special

    Investor special with potential ROI of 20%. Parcel with 2 mobile homes (lot is suited for 3 mobile homes) one is rented at $475 with stable long term tenant. Rent can easily go to $550-$600. The other is vacant and in need of some TLC. Should rent from $550-$600 for a total income of $1100 - $1200 per month. Solid return on investment. Do not disturb tenant. showings for occupied unit will be done after accepted offer. Vacant unit is available for showings through showing time. Mobile homes to be measured on 5/4 first mobile home (5623 Farran) is occupied. PLEASE DO NOT DISTURB TENANT. 2nd mobile home (5273 Farran) is vacant.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Heat pump, Electric
    Appliances
    • Included: Dishwasher
    Interior area
    • Total interior livable area: 1,200 sqft

    Property

    Features
    • Exterior features: Vinyl
    Lot
    • Size: 0.53 Acres
    Details
    • Parcel number: 33918

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Other
    Condition
    • Year built: 1953

    Community & HOA

    Location
    • Region: Stanley

    Financial & listing details

    • Price per square foot: $192/sqft
    • Tax assessed value: $51,498
    • Annual tax amount: $599
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    8/21/2020Sold$40,000$33/sqft
    Source: Public Record Report a problem
    7/12/2018Sold$40,000-38.5%$33/sqft
    Source: Public Record Report a problem
    5/2/2018Listed for sale$65,000$54/sqft
    Source: New View Realty Group #3385832 Report a problem
    12/30/2012Listing removed$395
    Source: Capstone Multi-Family Group Report a problem
    11/30/2012Listed for rent$395
    Source: Capstone Multi-Family Group Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$599 +7.2%$51,498
    2024$559 +33.9%$51,498 +75.8%
    2023$417 +2.1%$29,297 +20.4%
    2022$409 -0.1%$24,330
    2021$409 -9.1%$24,330 -14.3%
    2020$451 +0.7%$28,401
    2019$447 -5.1%$28,401 -0.2%
    2018$471 $28,446
    2017-- $28,446
    2016$479 +3.1%$28,446
    2015$464 --
    2014-- $36,039
    2013-- --
    2012-- --
    2011-- --
    2010-- --
    2009-- --
    2008-- $38,590 +0.8%
    2006-- $38,284
    2005-- $38,284
    2004-- $38,284
    2003-- --
    2002-- $22,478
    Find assessor info on the county website

    Neighborhood: 28164

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $230,600
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    Estimated market value
    $230,600