111 Burns St, Morganton, NC has a mortgage from Atlantic Bay Mtg Grp Llc (orig. June 28, 2024). The Burke county assessment for 2024 values it at $117,283, with annual taxes of $750.

Mortgage & Equity Information

Loan Amount	$******
Lender	Atlantic Bay Mtg Grp Llc
Origination Date	June 28, 2024
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	*************
Equity	View Equity

View All Mortgage Info

Property Tax

Purchase Date	June 28, 2024
Property Tax Amount	$750 in 2024
Purchase Price	$200,000
Assessed Value	$117,283 on 2024

Investment Potential for 111 Burns St

The property has a current estimated value of $137,047, which is 11% below the neighborhood median, based on public records. It last sold on June 28, 2024 for $200K. Projected long-term

is $19,800 annually ($1,650 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

$200,000

Sold June 28, 2024

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.

$137K

($131K - $143K)

11% below neighborhood 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 Drexel.

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

$19,800 per year($1,650 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

Property Details for 111 Burns St

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

88 years

(Remodeled 2010)

12 years older than neighborhood median

Property Details

Property Sq Ft

Living Area

848 sq ft

23% below market

Lot Size

8,276 sq ft

58% below market

Price Per Sq Ft

Living Area

$162 / sq ft

17% above market

Lot Size Area

$17 / sq ft

125% above market

Property Information

Property condition, age, exterior, etc. for 111 Burns …

Land & Location Information

Longitude: -81.606522 Latitude: 35.75459 Parcel Number (APN): 12298…

Recommended Properties in Drexel

Discover more single family homes near 111 Burns St 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.

High Demand Long-Term Rental
$138K - $173K
Est. Value
408 Mimosa Ave, Morganton, NC 28655
2 beds · 1 baths · 1,008 sq ft · Built: 1925
Owner Age 65 - 75
$174K - $193K
Est. Value
302 Park Ave, Morganton, NC 28655
2 beds · 1 baths · 1,302 sq ft · Built: 1901
Owner Age Above 75
$225K - $249K
Est. Value
110 Linda Way Rd, Morganton, NC 28655
3 beds · 2 baths · 1,620 sq ft · Last Sold: $128,600 in 2018 · Built: 2012
Owner Age Above 75
$169K - $190K
Est. Value
104 Garrison Dr, Morganton, NC 28655
2 beds · 1 baths · 1,512 sq ft · Built: 1960
Large Lot Advantage
$164K - $178K
Est. Value
217 Valdese Dr, Morganton, NC 28655
2 beds · 1 baths · 1,314 sq ft · Built: 1982
Owner Age 45 - 55
$318K - $351K
Est. Value
308 Poteat Dr, Morganton, NC 28655
3 beds · 1,745 sq ft · Last Sold: $410,000 in 2022 · Built: 2021
Valued below Market Median
$15.1K - $16.6K
Est. Value
104 Oakland Ave, Morganton, NC 28655
Valued above Market Median
$367K - $403K
Est. Value
2070 John Byrd Rd, Morganton, NC 28655
3 beds · 2 baths · 1,708 sq ft · Built: 2005
Owner Age Above 75
$140K - $182K
Est. Value
102 Reese Rd, Morganton, NC 28655
2 beds · 1 baths · 1,294 sq ft · Built: 1949
Neighborhood Appreciation Outlook
$202K - $221K
Est. Value
300 Park Ave, Morganton, NC 28655
3 beds · 1 baths · 1,383 sq ft · Built: 1955
Neighborhood Appreciation Outlook
$185K - $202K
Est. Value
106 Pearl St, Morganton, NC 28655
3 beds · 1,353 sq ft · Built: 1967
Valued above Market Median
$279K - $307K
Est. Value
409 Poteat Dr, Morganton, NC 28655
3 beds · 2 baths · 1,969 sq ft · Built: 1965
Occupancy Status
$186K - $206K
Est. Value
109 Williams Way, Morganton, NC 28655
3 beds · 2 baths · 1,296 sq ft · Built: 2013
Owner Age Above 75
$106K - $118K
Est. Value
3825 Castle Dr, Morganton, NC 28655
2 beds · 1 baths · 720 sq ft · Last Sold: $113,000 in 2020 · Built: 1958
Owned for Less Than 5 Years
$99.1K - $110K
Est. Value
302 S Main St, Morganton, NC 28655
1 baths · 2,258 sq ft · Last Sold: $215,000 in 2023 · Built: 1965
High Demand Long-Term Rental
$203K - $235K
Est. Value
401 Mimosa Ave, Morganton, NC 28655
3 beds · 1 baths · 1,824 sq ft · Built: 1930
Owned for 5 - 10 Years
$33.8K - $37.4K
Est. Value
112 S Main St, Morganton, NC 28655
2 baths · 3,482 sq ft · Last Sold: $6,000 in 2015 · Built: 1935
High Demand Long-Term Rental
$176K - $191K
Est. Value
103 Valdese Dr, Morganton, NC 28655
3 beds · 1 baths · 1,358 sq ft · Last Sold: $90,000 in 2008 · Built: 1935
Owner Age 65 - 75
$180K - $198K
Est. Value
219 Valdese Dr, Morganton, NC 28655
2 beds · 2 baths · 1,368 sq ft · Built: 1982
Owner Age 25 - 35
$163K - $175K
Est. Value
301 Valdese Dr, Morganton, NC 28655
2 beds · 1 baths · 1,225 sq ft · Last Sold: $155,000 in 2021 · Built: 1981

Market Benchmarks

Compare data for 111 Burns St in Burke County to the median in the neighborhood area and surrounding markets, where available.

View neighborhood benchmarks

Property

Neighborhood

Difference

State

Difference

$137,047

$154,195

-$17,148 (-11%)

$171,003

-$33,956 (-20%)

$******

$********

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

$274,494

-$83,418 (-30%)

YoY Price Change

—

Year Built

1937

1949

-12 years

1962

-25 years

Living Space

848 sq ft

1,096 sq ft

-248 (-23%)

1,100 sq ft

-252 (-23%)

$ Per Living Sq Ft

$162

$139

$23 (17%)

$148

$14 (9%)

Lot Size

8,276 sq ft

19,602 sq ft

-11326 (-58%)

16,553 sq ft

-8277 (-50%)

$ Per Lot Sq Ft

$17

$7

$9 (125%)

$9

$7 (83%)

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

$*****

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

$16,080

-$687 (-4%)

Annual Revenue

$19,800

$21,600

-$1,800 (-8%)

$21,000

-$1,200 (-6%)

$****

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

$5,027

-$620 (-12%)

Net Operating Income

$*****

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

$16,080

-$687 (-4%)

Cap Rate

****%

—

9.19%

—

View Neighborhood Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	2
Total Bathrooms	1
Year Built	1937
Building Sq Ft	848 sq ft
Lot Size	0 Acres
Living Space	848 sq ft
Ground Floor	848 sq ft
Heating / Fuel	Central
Air Conditioning	Central A/C
Roof Covering	Asphalt Shingle
Garage	Garage
Fireplace	Yes

APN	12298
Census Tract	0208013018
Municipality	Drexel
County	Burke
Zoning	AA6
Neighborhood	Drexel
Longitude / Latitude	-81.606522 / 35.75459
Lot Size	8,276 sq ft

Est. Value	$137,047
Price / Sq Ft	$162
Est. Rent/mo	$1,650
Occupancy	*****
Equity	$****/**%

111 Burns St Morganton, NC 28655

property value

$137,047

neighborhood valuation

$154,195

market valuation

$139,812

investment intelligence

Owners & Occupancy for 111 Burns St

Occupancy

Appreciation Since Purchased

-$62,953

Number of Owners

1

Property Owners

Heather Nicole King, age **

Occupancy

Property Financials for 111 Burns St

Mortgage & Equity Information

Property Tax

Investment Potential for 111 Burns St

rental income

property appreciation

Last Sale Amount

$200,000

property value

$137K

($131K - $143K)

5-year appreciation

rental income

operating expenses

Property Details for 111 Burns St

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

88 years

(Remodeled 2010)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Recommended Properties in Drexel

$138K - $173K

Est. Value

408 Mimosa Ave, Morganton, NC 28655

2 beds · 1 baths · 1,008 sq ft · Built: 1925

$174K - $193K

Est. Value

302 Park Ave, Morganton, NC 28655

2 beds · 1 baths · 1,302 sq ft · Built: 1901

$225K - $249K

Est. Value

110 Linda Way Rd, Morganton, NC 28655

3 beds · 2 baths · 1,620 sq ft · Last Sold: $128,600 in 2018 · Built: 2012

$169K - $190K

Est. Value

104 Garrison Dr, Morganton, NC 28655

2 beds · 1 baths · 1,512 sq ft · Built: 1960

$164K - $178K

Est. Value

217 Valdese Dr, Morganton, NC 28655

2 beds · 1 baths · 1,314 sq ft · Built: 1982

$318K - $351K

Est. Value

308 Poteat Dr, Morganton, NC 28655

3 beds · 1,745 sq ft · Last Sold: $410,000 in 2022 · Built: 2021

$15.1K - $16.6K

Est. Value

104 Oakland Ave, Morganton, NC 28655

$367K - $403K

Est. Value

2070 John Byrd Rd, Morganton, NC 28655

3 beds · 2 baths · 1,708 sq ft · Built: 2005

$140K - $182K