2197 Clemmons Rd SE Bolivia, NC 28422

2 beds · 2 baths · 1,008 sq ft · Lot Size: 51,836 sq ft · Single Family Home
Est. Property Value: $125,660

High Demand Long-Term RentalValued below Market MedianLarge Lot Advantage

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2197 Clemmons Rd SE is in the 28422 neighborhood of Bolivia, NC. It is located in Brunswick County and ZIP code 28422. This Single Family Home was built in 2015 and is approximately 10 years old. The single family home spans 1008 sq ft with 2 bedrooms and 2 bathrooms and sits on a 51836 sq ft lot. According to public records, it was sold for $7,500 and has a tax-assessed value of $118,740, which is $125 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 2197 Clemmons Rd SE Bolivia, NC 28422 with Property Intel by Whitepages.

2197 Clemmons Rd SE

Bolivia, NC 28422

Neighborhood

Owners & Occupancy for 2197 Clemmons Rd SE

No contact information is available.

Occupancy

Resident 1************** age 64
Resident 2************* age 32
Resident 3************ age 54
Resident 4************* age 52

Property Financials for 2197 Clemmons Rd SE

2197 Clemmons Rd SE, Bolivia, NC has no known mortgage. The Brunswick county assessment for 2024 values it at $118,740, with annual taxes of $234.

Property Tax

Property Tax Amount$234 in 2023
Purchase Price$7,500
Assessed Value$118,740 on 2024

Investment Potential for 2197 Clemmons Rd SE

The property has a current estimated value of $125,660, which is 27% below the zip median, based on public records. It last sold for $7,500. Projected long-term
is $20,400 annually ($1,700 per month) with a 77% occupancy rate.

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Long-Term

Gross Rental
$20,400 per year($1,700 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
View Cap Rate
Occupancy Rate
77%in 28422 zip code
 
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Property Details for 2197 Clemmons Rd SE

Property Details

Property Sq Ft

Living Area

1,008 sq ft

12% below market

Lot Size

51,836 sq ft

257% above market

Price Per Sq Ft

Living Area

$125 / sq ft

14% below market

Lot Size Area

$2 / sq ft

79% below market

Property condition, age, exterior, etc. for 2197 Clemm…
Longitude: -78.185709 Latitude: 34.009294 Parcel Number (APN): 1700001730…

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Market Benchmarks

Compare data for 2197 Clemmons Rd SE in Brunswick County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$125,660
$171,003
-$45,343 (-27%)
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—
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YoY Price Change
—
—
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Year Built
2015
1962
53 years
Living Space
1,008 sq ft
1,100 sq ft
-92 (-8%)
$ Per Living Sq Ft
$125
$148
-$23 (-16%)
Lot Size
51,836 sq ft
16,553 sq ft
35283 (213%)
$ Per Lot Sq Ft
$2
$9
-$7 (-73%)

Net Operating Income
$*****
$16,080
$430 (3%)
Annual Revenue
$20,400
$21,000
-$600 (-3%)
$****
$5,027
-$1,137 (-23%)
Net Operating Income
$*****
$16,080
$430 (3%)
Cap Rate
****%
9.19%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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