706 Murphey St Fairmont, NC 28340

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3 beds · 2 baths · 2,173 sq ft · Lot Size: 61,855 sq ft · Single Family Home
Est. Property Value: $246,656
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706 Murphey St is in the 28340 neighborhood of Fairmont, NC. It is located in Robeson County and ZIP code 28340. This Single Family Home was built in 1960 and is approximately 65 years old. The single family home spans 2173 sq ft with 3 bedrooms and 2 bathrooms and sits on a 61855 sq ft lot. According to public records, it was last sold in 2021 for $155,000 and has a tax-assessed value of $187,000, which is $114 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 706 Murphey St Fairmont, NC 28340 with Property Intel by Whitepages.

706 Murphey St

Fairmont, NC 28340

Owner Info

Owners & Occupancy for 706 Murphey St

This property is owned by Clairey Jeanette Lovette. Owner contact information includes 2 phone numbers and 2 email addresses.

Property Owners

Cell Phone(910) ***-****View Cell Phone
Residence************
Landline(910) 671-0787
Distance from Property**********
Email Address**********@yahoo.comView Email

Occupancy

Property Financials for 706 Murphey St

706 Murphey St, Fairmont, NC has a mortgage from Veterans United Hm Lns (orig. April 22, 2021). The Robeson county assessment for 2024 values it at $187,000, with annual taxes of $2,786.

Mortgage & Equity Information

Loan Amount$******
LenderVeterans United Hm Lns
Origination DateApril 22, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date************
Equity View Equity

Property Tax

Purchase DateApril 22, 2021
Property Tax Amount$2,786 in 2024
Purchase Price$155,000
Assessed Value$187,000 on 2024

Investment Potential for 706 Murphey St

The property has a current estimated value of $246,656, which is 120% above the zip median, based on public records. It last sold on April 22, 2021 for $155K. Projected long-term
is $30,000 annually ($2,500 per month) with a 83% occupancy rate.

Discover more Single Family Homes in 28340.

Long-Term

Gross Rental
$30,000 per year($2,500 per month)
Net Operating Income
Cap Rate
Occupancy Rate
83%in 28340 zip code
 
View Rental Potential

Property Details for 706 Murphey St

Property Details

Property Sq Ft

Living Area

2,173 sq ft

48% above market

Lot Size

61,855 sq ft

42% above market

Price Per Sq Ft

Living Area

$114 / sq ft

44% above market

Lot Size Area

$4 / sq ft

51% above market

Property condition, age, exterior, etc. for 706 Murphe…
Longitude: -79.106637 Latitude: 34.489083 Parcel Number (APN): 3011-01-015…

Recommended Properties in 28340

Discover more single family homes near 706 Murphey St in Fairmont, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 706 Murphey St in Robeson County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$246,656
$257,944
-$11,288 (-4%)
YoY Price Change
Year Built
1960
1990
-30 years
Living Space
2,173 sq ft
1,590 sq ft
583 (37%)
$ Per Living Sq Ft
$114
$158
-$45 (-28%)
Lot Size
61,855 sq ft
20,473 sq ft
41382 (202%)
$ Per Lot Sq Ft
$4
$12
-$8 (-67%)

Net Operating Income
$18,197
$3,196 (18%)
Annual Revenue
$30,000
$25,200
$4,800 (19%)
$6,673
$1,934 (29%)
Net Operating Income
$18,197
$3,196 (18%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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