Investment Potential for 2545 Primrose Dr

The property has a current estimated value of $231,542, which is 15% above the zip median, based on public records. It last sold for $118,000. Projected long-term

is $31,800 annually ($2,650 per month) with a 86% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$118,000

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$232K

($225K - $240K)

15% above zip median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in 28655.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$31,800 per year($2,650 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

86%in 28655 zip code

View Rental Potential

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.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

$113,542

Number of Owners

2

Property Owners

Billy E Arrowood, age **

Cell Phone	(828) *-**View Cell Phone
Residence	*************
Landline	(828) 659-3503
Distance from Property	**********
Email Address	********@gmail.comView Email

Property Ownership Information

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

Occupancy

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

Property Details for 2545 Primrose Dr

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

69 years

(Remodeled 1990)

26 years older than zip median

Property Details

Property Sq Ft

Living Area

2,386 sq ft

62% above market

Lot Size

34,412 sq ft

4% above market

Price Per Sq Ft

Living Area

$97 / sq ft

28% below market

Lot Size Area

$7 / sq ft

16% above market

Property Information

Property condition, age, exterior, etc. for 2545 Primr…

Land & Location Information

Longitude: -81.644488 Latitude: 35.751348 Parcel Number (APN): 38154…

Mortgage & Equity Information

Mortgage originated on through lender: UNKNOWN for$******View Mortgage Details

Recommended Properties in 28655

Discover more single family homes near 2545 Primrose Dr 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.

Owner Age 45 - 55
$150K - $164K
Est. Value
4614 Rainhill Dr, Morganton, NC 28655
3 beds · 2 baths · 1,064 sq ft · Built: 1995
Large Lot Advantage
$279K - $309K
Est. Value
4834 Mount Olive Church Rd, Morganton, NC 28655
3 beds · 2 baths · 1,440 sq ft · Built: 1999
Valued above Market Median
$27.1K - $30K
Est. Value
3265 Silver Creek Springs Dr, Morganton, NC 28655
Valued below Market Median
$14K - $15.4K
Est. Value
2765 Dav Ave, Morganton, NC 28655
Valued below Market Median
$6.5K - $7.2K
Est. Value
1020 Harshaw Dr, Morganton, NC 28655
Owner Age 65 - 75
$165K - $190K
Est. Value
5067 Crawley Dale St, Morganton, NC 28655
3 beds · 1 baths · 1,323 sq ft · Built: 1976
High Demand Long-Term Rental
$121K - $133K
Est. Value
1080 Bottoms Dr, Morganton, NC 28655
2 beds · 2 baths · 1,136 sq ft · Built: 2014
Large Lot Advantage
$147K - $159K
Est. Value
2555 Silverbrook Ct, Morganton, NC 28655
3 beds · 2 baths · 1,248 sq ft · Built: 1989
High Demand Long-Term Rental
$97.5K - $108K
Est. Value
929 Saint Marys Church Rd, Morganton, NC 28655
1 beds · 1 baths · 1,274 sq ft · Built: 1935
Valued above Market Median
$238K - $263K
Est. Value
126 Brookside Ln, Morganton, NC 28655
2 baths · 1,472 sq ft · Built: 1996
High Demand Long-Term Rental
$79.5K - $89.5K
Est. Value
5144 Smawley Ave, Morganton, NC 28655
2 beds · 2 baths · 1,064 sq ft · Built: 2002
Valued below Market Median
$31.8K - $35.1K
Est. Value
5223 Reese Store Ave, Morganton, NC 28655
2 beds · 2 baths · 784 sq ft · Built: 1984
Valued above Market Median
$348K - $385K
Est. Value
1141 N Green St, Morganton, NC 28655
3 baths · 5,000 sq ft · Built: 2002
Owner Age 65 - 75
$19.1K - $21.1K
Est. Value
1371 Havenwood Dr, Morganton, NC 28655
Owned for 5 - 10 Years
$29.4K - $32.4K
Est. Value
2076 Line Dr, Morganton, NC 28655
3 beds · 784 sq ft · Last Sold: $9,000 in 2017 · Built: 1979
Owner Age 55 - 65
$274K - $298K
Est. Value
110 Pinebark Ct, Morganton, NC 28655
3 beds · 2,515 sq ft · Built: 1993
Neighborhood Appreciation Outlook
$170K - $185K
Est. Value
302 Ramsey St, Morganton, NC 28655
3 beds · 1 baths · 864 sq ft · Built: 1961
Good value per sqft
$45.7K - $50.5K
Est. Value
107 Walter Taylor Ave, Morganton, NC 28655
4 beds · 1 baths · 1,859 sq ft · Built: 1901
Valued above Market Median
$2.69M - $2.97M
Est. Value
3594 N Powerhouse Rd, Morganton, NC 28655
4 beds · 7,690 sq ft · Built: 2016
Valued below Market Median
$71.2K - $78.7K
Est. Value
5232 Morning Star Church Rd, Morganton, NC 28655
2 beds · 2 baths · 924 sq ft · Built: 1986

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

Zip

Difference

State

Difference

$231,542

$201,340

$30,203 (15%)

$257,944

-$26,402 (-10%)

$******

$********

$***** (****%)

$368,113

-$45,287 (-12%)

YoY Price Change

****%

2.32%

-402%

Year Built

1956

1982

-26 years

1990

-34 years

Living Space

2,386 sq ft

1,477 sq ft

909 (62%)

1,590 sq ft

796 (50%)

$ Per Living Sq Ft

$97

$135

-$37 (-28%)

$158

-$61 (-39%)

Lot Size

34,412 sq ft

33,106 sq ft

1306 (4%)

20,473 sq ft

13939 (68%)

$ Per Lot Sq Ft

$7

$6

$1 (16%)

$12

-$5 (-44%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$**** (****%)

$18,197

$6,219 (34%)

Annual Revenue

$31,800

$24,600

$7,200 (29%)

$25,200

$6,600 (26%)

$****

$**** (****%)

$6,673

$711 (11%)

Net Operating Income

$*****

$**** (****%)

$18,197

$6,219 (34%)

Cap Rate

****%

—

6.84%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	2
Year Built	1956
Building Sq Ft	2,386 sq ft
Lot Size	1 Acres
Living Space	2,386 sq ft
Ground Floor	1,768 sq ft
Basement	1,768 sq ft
Heating / Fuel	Central
Air Conditioning	Central A/C
Roof Covering	Asphalt Shingle
Garage	Garage
Fireplace	Yes

Loan Amount	$******
Origination Date	September 02, 2016
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	****************
Equity	View Equity

Cell Phone	(704) *-**View Cell Phone
Residence	*************
Landline	(828) 652-2970
Distance from Property	**********
Email Address	**********@yahoo.comView Email

APN	38154
Census Tract	0208021000
Municipality	Morganton
County	Burke
Subdivision	Pleasant View Baptist Church
Zoning	R3
Neighborhood	28655
Longitude / Latitude	-81.644488 / 35.751348
Lot Size	34,412 sq ft

Est. Value	$231,542
Price / Sq Ft	$97
Est. Rent/mo	$2,650
Occupancy	*****
Equity	$****/**%

2545 Primrose Dr Morganton, NC 28655

property value

$231,542

market valuation

$201,340

market valuation

$204,517

Meet Landon BETA

Hi, I'm Landon!

investment intelligence

Investment Potential for 2545 Primrose Dr

rental income

property appreciation

Last Sale Amount

$118,000

property value

$232K

($225K - $240K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 2545 Primrose Dr

Occupancy

Appreciation Since Purchased

$113,542

Number of Owners

2

Property Owners

Billy E Arrowood, age **

Tammy G Atkins, age **

Property Ownership Information

Occupancy

Property Details for 2545 Primrose Dr

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

69 years

(Remodeled 1990)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Mortgage & Equity Information

Recommended Properties in 28655

$150K - $164K

Est. Value

4614 Rainhill Dr, Morganton, NC 28655

3 beds · 2 baths · 1,064 sq ft · Built: 1995

$279K - $309K

Est. Value

4834 Mount Olive Church Rd, Morganton, NC 28655

3 beds · 2 baths · 1,440 sq ft · Built: 1999

$27.1K - $30K

Est. Value

3265 Silver Creek Springs Dr, Morganton, NC 28655

$14K - $15.4K

Est. Value

2765 Dav Ave, Morganton, NC 28655

$6.5K - $7.2K

Est. Value

1020 Harshaw Dr, Morganton, NC 28655

$165K - $190K

Est. Value

5067 Crawley Dale St, Morganton, NC 28655

3 beds · 1 baths · 1,323 sq ft · Built: 1976

$121K - $133K

Est. Value

1080 Bottoms Dr, Morganton, NC 28655

2 beds · 2 baths · 1,136 sq ft · Built: 2014

$147K - $159K

Est. Value

2555 Silverbrook Ct, Morganton, NC 28655

3 beds · 2 baths · 1,248 sq ft · Built: 1989

$97.5K - $108K