1348 Mountain Shadows Dr Morganton, NC 28655

3 beds · 2 baths · 1,621 sq ft · Lot Size: 18,731 sq ft · Single Family Home · Salem
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1348 Mountain Shadows Dr is in the Salem neighborhood of Morganton, NC. It is located in Burke County and ZIP code 28655. This Single Family Home was built in 1993 and is approximately 32 years old. The single family home spans 1621 sq ft with 3 bedrooms and 2 bathrooms and sits on a 18731 sq ft lot. According to public records, it was last sold in 2015 for $142,000. The Salem area of Morganton has 703 residential homes. Analyze and compare real estate investment strategies for properties like this home at 1348 Mountain Shadows Dr Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 1348 Mountain Shadows Dr

The property has a current estimated value of $286,379, which is 39% above the neighborhood median, based on public records. It last sold on July 15, 2015 for $142K. Projected long-term
is $23,400 annually ($1,950 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$23,400 per year($1,950 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 1348 Mountain Shadows Dr

This property is owned by Brian D Ollis. Owner contact information includes 8 phone numbers and 1 email address.

Property Owners

Cell Phone(828) ***-****
Residence*************
Landline(828) 433-6593+ 3 more
Distance from Property**********
Email Address*********************@yahoo.com

Property Ownership Information

Purchase DateJuly 15, 2015
Property Tax Amount$1,288 in 2024
Purchase Price$142,000

Occupancy

Resident 1************* age 40
Resident 2****************** age 37

Property Details for 1348 Mountain Shadows Dr

Property Details

Property Sq Ft

Living Area

1,621 sq ft

Compare to Salem

Lot Size

18,731 sq ft

Compare to Salem

Price Per Sq Ft

Living Area

$177 / sq ft

Compare to Salem

Lot Size Area

$15 / sq ft

Compare to Salem
Property condition, age, exterior, etc. for 1348 Mount…
Longitude: -81.708779 Latitude: 35.688466 Parcel Number (APN): 32798…
Mortgage originated on through lender: Branch Bkng & Tr Co for$******View Mortgage Details
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Market Benchmarks

Compare data for 1348 Mountain Shadows Dr in Burke County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$286,379
$275,142
$11,236 (4%)
$398,141
$60,249 (15%)
YoY Price Change
2.32%
-1%
Year Built
1993
1990
3 years
Living Space
1,621 sq ft
1,589 sq ft
32 (2%)
$ Per Living Sq Ft
$177
$169
$8 (5%)
Lot Size
18,731 sq ft
20,473 sq ft
-1742 (-9%)
$ Per Lot Sq Ft
$15
$17
-$1 (-8%)

Net Operating Income
$17,038
-$141 (-1%)
Annual Revenue
$23,400
$22,800
$600 (3%)
$5,773
$730 (13%)
Net Operating Income
$17,038
-$141 (-1%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians