205 Park St Morganton, NC 28655

2 beds · 1,159 sq ft · Lot Size: 12,197 sq ft · Single Family Home
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205 Park St 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 1948 and is approximately 77 years old. The single family home spans 1159 sq ft with 2 bedrooms and sits on a 12197 sq ft lot. Analyze and compare real estate investment strategies for properties like this home at 205 Park St Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 205 Park St

The property has a current estimated value of $252,448, which is 60% above the zip median. Projected long-term rental income is $21,000 annually ($1,750 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$21,000 per year($1,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 205 Park St

This property is owned by John S Austin. Owner contact information includes 5 phone numbers and 1 email address.

Property Owners

Cell Phone(828) ***-****
Residence*************
Landline(828) 437-6353+ 3 more
Distance from Property**********
Email Address***********@yahoo.com
OccupationLicensed Professional Counselof, Appalachian Counseling And Evaluation Center
Cell Phone(828) ***-****
Residence*************
Landline(828) 433-5391+ 2 more
Distance from Property**********
Email Address***************@alltell.net

Property Ownership Information

Property Tax Amount$1,015 in 2024

Occupancy

Current Occupancy*****View Occupancy
Resident 1*******************
Resident 2******************** age 36
Resident 3************** age 74
Resident 4********************* age 41

Property Details for 205 Park St

Property Details

Property Sq Ft

Living Area

1,159 sq ft

Compare to 28655

Lot Size

12,197 sq ft

Compare to 28655

Price Per Sq Ft

Living Area

$218 / sq ft

Compare to 28655

Lot Size Area

$21 / sq ft

Compare to 28655
Property condition, age, exterior, etc. for 205 Park S…
Longitude: -81.683458 Latitude: 35.753546 Parcel Number (APN): 1241…
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Recommended Properties in 28655

Discover more single family homes near 205 Park St in Morganton, 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 205 Park St in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$252,448
$198,670
$53,778 (27%)
$293,290
$110,790 (38%)
YoY Price Change
2.49%
714%
Year Built
1948
1962
-14 years
Living Space
1,159 sq ft
1,100 sq ft
59 (5%)
$ Per Living Sq Ft
$218
$166
$51 (31%)
Lot Size
12,197 sq ft
16,553 sq ft
-4356 (-26%)
$ Per Lot Sq Ft
$21
$17
$4 (25%)

Net Operating Income
$15,697
-$360 (-2%)
Annual Revenue
$21,000
$19,800
$1,200 (6%)
$4,218
$1,445 (34%)
Net Operating Income
$15,697
-$360 (-2%)
Cap Rate
7.57%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians