8406 Oak Meadows Dr Kernersville, NC 27284

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4 beds · 3 baths · 2,968 sq ft · Lot Size: 44,431 sq ft · Single Family Home
Est. Property Value: $480,407

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8406 Oak Meadows Dr is in the 27284 neighborhood of Kernersville, NC. It is located in Guilford County and ZIP code 27284. This Single Family Home was built in 1999 and is approximately 26 years old. The single family home spans 2968 sq ft with 4 bedrooms and 3 bathrooms and sits on a 44431 sq ft lot. According to public records, it was last sold in 2003 for $270,000 and has a tax-assessed value of $373,700, which is $162 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 8406 Oak Meadows Dr Kernersville, NC 27284 with Property Intel by Whitepages.

Owners & Occupancy for 8406 Oak Meadows Dr

This property is owned by Michael C Mitchell. Owner contact information includes 2 phone numbers and 1 email address.

Property Owners

Residence****************
Landline(336) 668-2673
Distance from Property**********
Email Address************@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************
Resident 2****************** age 53
Resident 3************* age 49

Property Financials for 8406 Oak Meadows Dr

8406 Oak Meadows Dr, Kernersville, NC has a mortgage from Sidus Fin'l Llc (orig. May 30, 2020). The Guilford county assessment for 2024 values it at $373,700, with annual taxes of $1,348.

Mortgage & Equity Information

Loan Amount$******
LenderSidus Fin'l Llc
Origination DateMay 30, 2020
Interest Rate****%
Term10 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity

Property Tax

Purchase DateSeptember 22, 2003
Property Tax Amount$1,348 in 2023
Purchase Price$270,000
Assessed Value$373,700 on 2024

Investment Potential for 8406 Oak Meadows Dr

The property has a current estimated value of $480,407, which is 19% above the zip median, based on public records. It last sold on September 22, 2003 for $270K. Projected long-term
is $36,600 annually ($3,050 per month) with a 93% occupancy rate.

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Long-Term

Gross Rental
$36,600 per year($3,050 per month)
Net Operating Income
Cap Rate
Occupancy Rate
93%in 27284 zip code
 
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Property Details for 8406 Oak Meadows Dr

Property Details

Property Sq Ft

Living Area

2,968 sq ft

13% above market

Lot Size

44,431 sq ft

96% above market

Price Per Sq Ft

Living Area

$162 / sq ft

3% above market

Lot Size Area

$11 / sq ft

36% below market

Property condition, age, exterior, etc. for 8406 Oak M…
Longitude: -80.003095 Latitude: 36.212182 Parcel Number (APN): 0166818…

Recommended Properties in 27284

Discover more single family homes near 8406 Oak Meadows Dr in Kernersville, 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 8406 Oak Meadows Dr in Guilford County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$480,407
$437,153
$43,254 (10%)
$583,318
$63,079 (11%)
YoY Price Change
1.98%
138%
Year Built
1999
2000
-1 years
Living Space
2,968 sq ft
2,660 sq ft
308 (12%)
$ Per Living Sq Ft
$162
$165
-$3 (-2%)
Lot Size
44,431 sq ft
19,733 sq ft
24698 (125%)
$ Per Lot Sq Ft
$11
$24
-$13 (-55%)

Net Operating Income
$22,208
$4,654 (21%)
Annual Revenue
$36,600
$33,000
$3,600 (11%)
$10,249
-$511 (-5%)
Net Operating Income
$22,208
$4,654 (21%)
Cap Rate
5.29%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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