4787 Mount Olive Church Rd Morganton, NC 28655

3 beds · 1 bath · 1,700 sq ft · Lot Size: 39,640 sq ft · Single Family Home
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4787 Mount Olive Church Rd is in the 28655 neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Single Family Home was built in 1922 and is approximately 103 years old. The single family home spans 1700 sq ft with 3 bedrooms and 1 bathroom and sits on a 39640 sq ft lot. According to public records, it was last sold in 2011 for $70,000. Analyze and compare real estate investment strategies for properties like this home at 4787 Mount Olive Church Rd Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 4787 Mount Olive Church Rd

The property has a current estimated value of $321,229, which is 49% above the zip median, based on public records. It last sold on July 12, 2011 for $70K. Projected long-term
is $25,200 annually ($2,100 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$25,200 per year($2,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 4787 Mount Olive Church Rd

This property is owned by John Mickel Davis. Owner contact information includes 7 phone numbers and 3 email addresses.

Property Owners

Cell Phone(828) ***-****
Residence*************
Landline(828) 584-4978+ 2 more
Distance from Property**********
Email Address***********@yahoo.com

Property Ownership Information

Purchase DateJuly 12, 2011
Property Tax Amount$883 in 2024
Purchase Price$70,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1********************** age 57
Resident 2***************** age 39
Resident 3***************** age 65

Property Details for 4787 Mount Olive Church Rd

Property Details

Property Sq Ft

Living Area

1,700 sq ft

Compare to 28655

Lot Size

39,640 sq ft

Compare to 28655

Price Per Sq Ft

Living Area

$189 / sq ft

Compare to 28655

Lot Size Area

$8 / sq ft

Compare to 28655
Property condition, age, exterior, etc. for 4787 Mount…
Longitude: -81.81443 Latitude: 35.677216 Parcel Number (APN): 42745…
Mortgage originated on through lender: Puett Bobby E & Patricia E for$*****View Mortgage Details
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Market Benchmarks

Compare data for 4787 Mount Olive Church Rd in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$321,229
$275,142
$46,087 (17%)
$398,141
$116,032 (29%)
YoY Price Change
2.32%
219%
Year Built
1922
1990
-68 years
Living Space
1,700 sq ft
1,589 sq ft
111 (7%)
$ Per Living Sq Ft
$189
$169
$20 (12%)
Lot Size
39,640 sq ft
20,473 sq ft
19167 (94%)
$ Per Lot Sq Ft
$8
$17
-$9 (-51%)

Net Operating Income
$17,038
$1,571 (9%)
Annual Revenue
$25,200
$22,800
$2,400 (11%)
$5,773
$818 (14%)
Net Operating Income
$17,038
$1,571 (9%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians