540 Conley Rd Morganton, NC 28655

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3 beds · 1 bath · 1,008 sq ft · Lot Size: 23,522 sq ft · Single Family Home
Est. Property Value: $213,048

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540 Conley 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 1991 and is approximately 34 years old. The single family home spans 1008 sq ft with 3 bedrooms and 1 bathroom and sits on a 23522 sq ft lot. According to public records, it was last sold in 2018 for $115,000 and has a tax-assessed value of $168,618, which is $211 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 540 Conley Rd Morganton, NC 28655 with Property Intel by Whitepages.

540 Conley Rd

Morganton, NC 28655

Neighborhood

Owners & Occupancy for 540 Conley Rd

This property is owned by Joan B Yount. Owner contact information includes 3 phone numbers.

Property Owners

Cell Phone(828) ***-****View Cell Phone
Residence*************
Landline(828) 584-4212
Distance from Property**********
Residence*************
Landline(828) 652-7731
Distance from Property**********

Occupancy

Resident 1****************** age 94

Property Financials for 540 Conley Rd

540 Conley Rd, Morganton, NC has a mortgage from State Emps Cu (orig. October 22, 2018). The Burke county assessment for 2024 values it at $168,618, with annual taxes of $1,192.

Mortgage & Equity Information

Loan Amount$******
LenderState Emps Cu
Origination DateOctober 22, 2018
Interest Rate****%
Term30 Years
Rate TypeAdjustable
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateOctober 17, 2018
Property Tax Amount$1,192 in 2024
Purchase Price$115,000
Assessed Value$168,618 on 2024

Investment Potential for 540 Conley Rd

The property has a current estimated value of $213,048, which is 6% above the zip median, based on public records. It last sold on October 17, 2018 for $115K. Projected long-term
is $19,800 annually ($1,650 per month) with a 86% occupancy rate.

Discover more Single Family Homes in 28655.

Long-Term

Gross Rental
$19,800 per year($1,650 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Property Details for 540 Conley Rd

Property Details

Property Sq Ft

Living Area

1,008 sq ft

32% below market

Lot Size

23,522 sq ft

29% below market

Price Per Sq Ft

Living Area

$211 / sq ft

57% above market

Lot Size Area

$9 / sq ft

56% above market

Property condition, age, exterior, etc. for 540 Conley…
Longitude: -81.76239 Latitude: 35.706768 Parcel Number (APN): 2309…

Recommended Properties in 28655

Discover more single family homes near 540 Conley 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 540 Conley Rd in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$213,048
$257,944
-$44,896 (-17%)
$368,113
-$71,072 (-19%)
YoY Price Change
2.32%
3%
Year Built
1991
1990
1 year
Living Space
1,008 sq ft
1,590 sq ft
-582 (-37%)
$ Per Living Sq Ft
$211
$158
$53 (34%)
Lot Size
23,522 sq ft
20,473 sq ft
3049 (15%)
$ Per Lot Sq Ft
$9
$12
-$3 (-24%)

Net Operating Income
$18,197
-$3,792 (-21%)
Annual Revenue
$19,800
$25,200
-$5,400 (-21%)
$6,673
-$1,278 (-19%)
Net Operating Income
$18,197
-$3,792 (-21%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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