2545 Primrose Dr Morganton, NC 28655

3 beds · 2 baths · 2,386 sq ft · Lot Size: 34,412 sq ft · Single Family Home
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2545 Primrose Dr 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 1956 and is approximately 69 years old. The single family home spans 2386 sq ft with 3 bedrooms and 2 bathrooms and sits on a 34412 sq ft lot. According to public records, it was sold for $118,000. Analyze and compare real estate investment strategies for properties like this home at 2545 Primrose Dr Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 2545 Primrose Dr

The property has a current estimated value of $253,773, which is 18% above the zip median, based on public records. It last sold for $118,000. 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 2545 Primrose Dr

This property is owned by Billy E Arrowood. Owner contact information includes 14 phone numbers and 5 email addresses.

Property Owners

Cell Phone(828) ***-****
Residence*************
Landline(828) 659-9813+ 6 more
Distance from Property**********
Email Address********@gmail.com
Cell Phone(612) ***-****
Residence*************
Landline(828) 433-1016+ 5 more
Distance from Property**********
Email Address**************@tomwblack.com

Property Ownership Information

Property Tax Amount$1,429 in 2024
Purchase Price$118,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 66
Resident 2************** age 62
Resident 3*********************

Property Details for 2545 Primrose Dr

Property Details

Property Sq Ft

Living Area

2,386 sq ft

Compare to 28655

Lot Size

34,412 sq ft

Compare to 28655

Price Per Sq Ft

Living Area

$106 / sq ft

Compare to 28655

Lot Size Area

$7 / sq ft

Compare to 28655
Property condition, age, exterior, etc. for 2545 Primr…
Longitude: -81.644488 Latitude: 35.751348 Parcel Number (APN): 38154…
Mortgage originated on through lender: UNKNOWN for$******View Mortgage Details
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Market Benchmarks

Compare data for 2545 Primrose Dr in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$253,773
$275,142
-$21,369 (-8%)
$398,141
$8,059 (2%)
YoY Price Change
2.32%
-402%
Year Built
1956
1990
-34 years
Living Space
2,386 sq ft
1,589 sq ft
797 (50%)
$ Per Living Sq Ft
$106
$169
-$63 (-37%)
Lot Size
34,412 sq ft
20,473 sq ft
13939 (68%)
$ Per Lot Sq Ft
$7
$17
-$9 (-56%)

Net Operating Income
$17,038
$1,509 (9%)
Annual Revenue
$25,200
$22,800
$2,400 (11%)
$5,773
$880 (15%)
Net Operating Income
$17,038
$1,509 (9%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians