404 N Terrace Pl Morganton, NC 28655

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4 beds · 2,948 sq ft · Lot Size: 44,431 sq ft · Single Family Home
Est. Property Value: $488,577

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404 N Terrace Pl 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 1981 and is approximately 44 years old. The single family home spans 2948 sq ft with 4 bedrooms and sits on a 44431 sq ft lot. According to public records, it was last sold in 2014 for $285,000 and has a tax-assessed value of $433,216, which is $166 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 404 N Terrace Pl Morganton, NC 28655 with Property Intel by Whitepages.

Owners & Occupancy for 404 N Terrace Pl

This property is owned by Mary Ellen Kelly. Owner contact information includes 6 phone numbers and 5 email addresses.

Property Owners

Cell Phone(617) ***-****View Cell Phone
Residence*************
Landline(828) 739-9908
Distance from Property**********
Email Address**************@ameritrade.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************* age 78
Resident 2**************** age 75

Property Financials for 404 N Terrace Pl

404 N Terrace Pl, Morganton, NC has a mortgage (orig. December 29, 2014). The Burke county assessment for 2024 values it at $433,216, with annual taxes of $2,519.

Mortgage & Equity Information

Loan Amount$******
Origination DateDecember 29, 2014
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date****************
Equity View Equity

Property Tax

Purchase DateJune 13, 2014
Property Tax Amount$2,519 in 2024
Purchase Price$285,000
Assessed Value$433,216 on 2024

Investment Potential for 404 N Terrace Pl

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Property Details for 404 N Terrace Pl

Property Details

Property Sq Ft

Living Area

2,948 sq ft

19% above market

Lot Size

44,431 sq ft

1% above market

Price Per Sq Ft

Living Area

$166 / sq ft

27% above market

Lot Size Area

$11 / sq ft

53% above market

Property condition, age, exterior, etc. for 404 N Terr…
Longitude: -81.700743 Latitude: 35.746435 Parcel Number (APN): 8587…

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Market Benchmarks

Compare data for 404 N Terrace Pl in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$488,577
$437,153
$51,424 (12%)
$583,318
$97,876 (17%)
YoY Price Change
1.98%
624%
Year Built
1981
2000
-19 years
Living Space
2,948 sq ft
2,660 sq ft
288 (11%)
$ Per Living Sq Ft
$166
$165
$1 (0%)
Lot Size
44,431 sq ft
19,733 sq ft
24698 (125%)
$ Per Lot Sq Ft
$11
$24
-$13 (-54%)

Net Operating Income
Annual Revenue
Net Operating Income
Cap Rate
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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