416 Alexander Ave Morganton, NC 28655

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4 beds · 2 baths · 2,994 sq ft · Lot Size: 55,321 sq ft · Single Family Home
Est. Property Value: $441,792

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416 Alexander Ave 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 1950 and is approximately 75 years old. The single family home spans 2994 sq ft with 4 bedrooms and 2 bathrooms and sits on a 55321 sq ft lot. According to public records, it was sold for $134,000 and has a tax-assessed value of $328,366, which is $148 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 416 Alexander Ave Morganton, NC 28655 with Property Intel by Whitepages.

416 Alexander Ave

Morganton, NC 28655

Owner Info

Owners & Occupancy for 416 Alexander Ave

This property is owned by Darren Eugene McDonald. Owner contact information includes 5 phone numbers and 1 email address.

Property Owners

Occupancy

Resident 1************* age 84
Resident 2***************

Property Financials for 416 Alexander Ave

416 Alexander Ave, Morganton, NC has a mortgage (orig. October 02, 2017). The Burke county assessment for 2024 values it at $328,366, with annual taxes of $1,932.

Mortgage & Equity Information

Loan Amount$******
Origination DateOctober 02, 2017
Interest Rate****%
Term15 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Property Tax Amount$1,932 in 2024
Purchase Price$134,000
Assessed Value$328,366 on 2024

Investment Potential for 416 Alexander Ave

The property has a current estimated value of $441,792, which is 41% above the zip median, based on public records. It last sold for $134,000. Projected long-term
is $36,600 annually ($3,050 per month) with a 86% occupancy rate.

Discover more Single Family Homes in 28655.

Long-Term

Gross Rental
$36,600 per year($3,050 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Property Details for 416 Alexander Ave

Property Details

Property Sq Ft

Living Area

2,994 sq ft

21% above market

Lot Size

55,321 sq ft

26% above market

Price Per Sq Ft

Living Area

$148 / sq ft

13% above market

Lot Size Area

$8 / sq ft

11% above market

Property condition, age, exterior, etc. for 416 Alexan…
Longitude: -81.696069 Latitude: 35.758895 Parcel Number (APN): 973…

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Discover more single family homes near 416 Alexander Ave 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 416 Alexander Ave in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$441,792
$437,153
$4,638 (1%)
$583,318
$32,646 (6%)
YoY Price Change
1.98%
133%
Year Built
1950
2000
-50 years
Living Space
2,994 sq ft
2,660 sq ft
334 (13%)
$ Per Living Sq Ft
$148
$165
-$18 (-11%)
Lot Size
55,321 sq ft
19,733 sq ft
35588 (180%)
$ Per Lot Sq Ft
$8
$24
-$16 (-67%)

Net Operating Income
$22,208
$4,347 (20%)
Annual Revenue
$36,600
$33,000
$3,600 (11%)
$10,249
-$204 (-2%)
Net Operating Income
$22,208
$4,347 (20%)
Cap Rate
5.29%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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