323 Valdese Ave Morganton, NC 28655

4 beds · 2 baths · 2,056 sq ft · Lot Size: 33,541 sq ft · Single Family Home
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323 Valdese 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 1901 and is approximately 124 years old. The single family home spans 2056 sq ft with 4 bedrooms and 2 bathrooms and sits on a 33541 sq ft lot. According to public records, it was last sold in 2017 for $112,000. Analyze and compare real estate investment strategies for properties like this home at 323 Valdese Ave Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 323 Valdese Ave

The property has a current estimated value of $201,037, which is 35% below the zip median, based on public records. It last sold on May 25, 2017 for $112K. Projected long-term
is $27,600 annually ($2,300 per month) with a 86% occupancy rate.

Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 323 Valdese Ave

This property is owned by Blanca Micaela Cardenas. Owner contact information includes 3 phone numbers and 3 email addresses.

Property Owners

Cell Phone(828) ***-****
Residence*************
Distance from Property**********
Email Address************@yahoo.com

Property Ownership Information

Purchase DateMay 25, 2017
Property Tax Amount$841 in 2024
Purchase Price$112,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*********************** age 33

Property Details for 323 Valdese Ave

Property Details

Property Sq Ft

Living Area

2,056 sq ft

Compare to 28655

Lot Size

33,541 sq ft

Compare to 28655

Price Per Sq Ft

Living Area

$98 / sq ft

Compare to 28655

Lot Size Area

$6 / sq ft

Compare to 28655
Property condition, age, exterior, etc. for 323 Valdes…
Longitude: -81.677978 Latitude: 35.749719 Parcel Number (APN): 5892…
Mortgage originated on through lender: State Emp Cu for$******View Mortgage Details
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Market Benchmarks

Compare data for 323 Valdese Ave in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$201,037
$442,904
-$241,867 (-55%)
$635,848
-$314,061 (-49%)
YoY Price Change
1.98%
-297%
Year Built
1901
2000
-99 years
Living Space
2,056 sq ft
2,662 sq ft
-606 (-23%)
$ Per Living Sq Ft
$98
$173
-$75 (-43%)
Lot Size
33,541 sq ft
19,721 sq ft
13820 (70%)
$ Per Lot Sq Ft
$6
$31
-$25 (-81%)

Net Operating Income
$20,268
$1,322 (7%)
Annual Revenue
$27,600
$29,400
-$1,800 (-6%)
$8,561
-$2,551 (-30%)
Net Operating Income
$20,268
$1,322 (7%)
Cap Rate
4.55%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians