1286 Razors Ridge Rd Morganton, NC 28655

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3 beds · 2 baths · 1,922 sq ft · Lot Size: 202,554 sq ft · Single Family Home
Est. Property Value: $353,158

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1286 Razors Ridge 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 2004 and is approximately 21 years old. The single family home spans 1922 sq ft with 3 bedrooms and 2 bathrooms and sits on a 202554 sq ft lot. According to public records, it was last sold in 2018 for $145,000 and has a tax-assessed value of $168,641, which is $184 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1286 Razors Ridge Rd Morganton, NC 28655 with Property Intel by Whitepages.

1286 Razors Ridge Rd

Morganton, NC 28655

Owner Info

Owners & Occupancy for 1286 Razors Ridge Rd

This property is owned by Daniel Robert Collins. Owner contact information includes 4 phone numbers and 1 email address.

Property Owners

Cell Phone(818) ***-****View Cell Phone
Residence*************
Landline
Distance from Property**********
Email Address***********@hotmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1********************* age 35
Resident 2************************ age 32
Resident 3********************* age 36
Resident 4****************** age 53

Property Financials for 1286 Razors Ridge Rd

1286 Razors Ridge Rd, Morganton, NC has a mortgage from Atlantic Bay Mtg Grp Llc (orig. April 11, 2018). The Burke county assessment for 2024 values it at $168,641, with annual taxes of $1,167.

Mortgage & Equity Information

Loan Amount$******
LenderAtlantic Bay Mtg Grp Llc
Origination DateApril 11, 2018
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date************
Equity View Equity

Property Tax

Purchase DateApril 10, 2018
Property Tax Amount$1,167 in 2024
Purchase Price$145,000
Assessed Value$168,641 on 2024

Investment Potential for 1286 Razors Ridge Rd

The property has a current estimated value of $353,158, which is 75% above the zip median, based on public records. It last sold on April 10, 2018 for $145K. Projected long-term
is $27,000 annually ($2,250 per month) with a 86% occupancy rate.

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Long-Term

Gross Rental
$27,000 per year($2,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Property Details for 1286 Razors Ridge Rd

Property Details

Property Sq Ft

Living Area

1,922 sq ft

30% above market

Lot Size

202,554 sq ft

512% above market

Price Per Sq Ft

Living Area

$184 / sq ft

37% above market

Lot Size Area

$2 / sq ft

70% below market

Property condition, age, exterior, etc. for 1286 Razor…
Longitude: -81.799467 Latitude: 35.779635 Parcel Number (APN): 44426…

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Discover more single family homes near 1286 Razors Ridge Rd 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 1286 Razors Ridge Rd in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$353,158
$257,944
$95,214 (37%)
$368,113
$124,275 (34%)
YoY Price Change
Year Built
2004
1990
14 years
Living Space
1,922 sq ft
1,590 sq ft
332 (21%)
$ Per Living Sq Ft
$184
$158
$26 (16%)
Lot Size
202,554 sq ft
20,473 sq ft
182081 (889%)
$ Per Lot Sq Ft
$2
$12
-$10 (-85%)

Net Operating Income
$18,197
$1,455 (8%)
Annual Revenue
$27,000
$25,200
$1,800 (7%)
$6,673
$675 (10%)
Net Operating Income
$18,197
$1,455 (8%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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