Investment Potential for 2597 Spainhour Rd

The property has a current estimated value of $170,031, which is 21% below the zip median, based on public records. It last sold on April 09, 2015 for $82K. 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

$82,000

Sold April 09, 2015

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.

$170K

($157K - $186K)

21% below zip 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 28655.

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

Owners & Occupancy for 2597 Spainhour Rd

This property is owned by Tony R Padgett. Owner contact information includes 2 phone numbers and 1 email address.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

$88,031

Purchased April 09, 2015

Number of Owners

1

Property Owners

Property Ownership Information

Purchase Date	April 09, 2015
Property Tax Amount	$882 in 2024
Purchase Price	$82,000

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	************** age 51

Property Details for 2597 Spainhour Rd

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

54 years

(Remodeled 1975)

11 years older than zip median

Property Details

Property Sq Ft

Living Area

1,100 sq ft

26% below market

Lot Size

19,166 sq ft

42% below market

Price Per Sq Ft

Living Area

$155 / sq ft

7% above market

Lot Size Area

$9 / sq ft

2% above market

Property Information

Property condition, age, exterior, etc. for 2597 Spain…

Land & Location Information

Longitude: -81.750964 Latitude: 35.777813 Parcel Number (APN): 24437…

Mortgage & Equity Information

Mortgage originated on through lender: State Emp Cu for$*****View Mortgage Details

Recommended Properties in 28655

Discover more single family homes near 2597 Spainhour Rd 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.

Equity Status
$250K - $279K
Est. Value
222 Sequoyah Cir, Morganton, NC 28655
3 beds · 2 baths · 1,567 sq ft · Last Sold: $262,000 in 2022 · Built: 1994
Owner Age Above 75
$163K - $191K
Est. Value
1670 Jamestown Rd, Morganton, NC 28655
3 beds · 2 baths · 1,499 sq ft · Built: 2005
Equity Status
$228K - $255K
Est. Value
4600 Montclaire Ave, Morganton, NC 28655
3 beds · 1,344 sq ft · Built: 1971
Equity Status
$83.5K - $95K
Est. Value
1807 N Green St, Morganton, NC 28655
3 beds · 1 baths · 1,978 sq ft · Last Sold: $134,500 in 2014 · Built: 1948
Equity Status
$181K - $198K
Est. Value
3991 Silver Creek Ter, Morganton, NC 28655
3 beds · 2 baths · 1,512 sq ft · Last Sold: $165,000 in 2021 · Built: 2006
Equity Status
$265K - $287K
Est. Value
1995 Goodman Dr, Morganton, NC 28655
3 beds · 1,958 sq ft · Built: 2006
Valued below Market Median
$91.9K - $100K
Est. Value
5175 Dysartsville Rd, Morganton, NC 28655
3 beds · 2 baths · 1,750 sq ft · Built: 1994
Good value per sqft
$123K - $140K
Est. Value
6095 Dysartsville Rd, Morganton, NC 28655
3 beds · 2 baths · 1,512 sq ft · Built: 1988
Owner Age Above 75
$178K - $202K
Est. Value
115 Falls St, Morganton, NC 28655
3 beds · 964 sq ft · Built: 1977
Equity Status
$318K - $354K
Est. Value
4391 Bridges Fld, Morganton, NC 28655
3 beds · 2,002 sq ft · Built: 2002
Equity Status
$224K - $248K
Est. Value
3569 Blankenship Dr, Morganton, NC 28655
3 beds · 2 baths · 2,595 sq ft · Last Sold: $650,000 in 2022 · Built: 2010
High Demand Long-Term Rental
$190K - $209K
Est. Value
2931 Collett Ave, Morganton, NC 28655
3 beds · 1 baths · 1,624 sq ft · Built: 1950
Equity Status
$302K - $327K
Est. Value
2626 Genes Loop, Morganton, NC 28655
3 beds · 2 baths · 1,512 sq ft · Last Sold: $245,000 in 2020 · Built: 2007
Equity Status
$151K - $167K
Est. Value
1608 Woerner Way, Morganton, NC 28655
3 beds · 2 baths · 1,032 sq ft · Last Sold: $121,500 in 2014 · Built: 2014
Equity Status
$244K - $263K
Est. Value
3011 Village Dr, Morganton, NC 28655
3 beds · 2 baths · 1,589 sq ft · Last Sold: $114,500 in 2013 · Built: 1988
Equity Status
$294K - $325K
Est. Value
114 Wedgewood Dr, Morganton, NC 28655
3 beds · 2 baths · 2,477 sq ft · Last Sold: $257,000 in 2022 · Built: 1983
Equity Status
$380K - $418K
Est. Value
100 Clearwater Dr, Morganton, NC 28655
3 beds · 2 baths · 2,739 sq ft · Built: 1999
Owned for 15 - 25 Years
$159K - $183K
Est. Value
108 Dogwood Ridge Rd, Morganton, NC 28655
3 beds · 2 baths · 1,064 sq ft · Last Sold: $17,000 in 2008 · Built: 1985
Valued above Market Median
$289K - $315K
Est. Value
705 E Union St, Morganton, NC 28655
3 beds · 1 baths · 1,266 sq ft · Last Sold: $58,000 in 2022 · Built: 1920
Equity Status
$385K - $427K
Est. Value
108 Canoe Dr, Morganton, NC 28655
3 beds · 2 baths · 3,305 sq ft · Built: 1968

Market Benchmarks

Compare data for 2597 Spainhour Rd in Burke County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

$170,031

$215,318

-$45,287 (-21%)

$275,142

-$105,112 (-38%)

$******

$********

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

$398,141

-$125,983 (-32%)

YoY Price Change

****%

2.32%

585%

Year Built

1971

1982

-11 years

1990

-19 years

Living Space

1,100 sq ft

1,477 sq ft

-377 (-26%)

1,589 sq ft

-489 (-31%)

$ Per Living Sq Ft

$155

$145

$10 (7%)

$169

-$14 (-8%)

Lot Size

19,166 sq ft

33,106 sq ft

-13940 (-42%)

20,473 sq ft

-1307 (-6%)

$ Per Lot Sq Ft

$9

$0 (2%)

$17

-$8 (-47%)

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

$*****

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

$17,038

-$2,014 (-12%)

Annual Revenue

$19,800

$22,800

-$3,000 (-13%)

$22,800

-$3,000 (-13%)

$****

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

$5,773

-$997 (-17%)

Net Operating Income

$*****

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

$17,038

-$2,014 (-12%)

Cap Rate

****%

—

6%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Cell Phone	(704) *-**View Cell Phone
Residence	*************
Landline
Distance from Property	**********
Email Address	******************@gmail.comView Email

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	1
Year Built	1971
Building Sq Ft	1,100 sq ft
Lot Size	0 Acres
Living Space	1,100 sq ft
Ground Floor	1,100 sq ft
Basement	1,100 sq ft
Heating / Fuel	Central
Air Conditioning	Central A/C
Roof Covering	Asphalt Shingle
Fireplace	Yes
Sewer	Septic

APN	24437
Census Tract	0202022010
Municipality	Quaker Meadows
County	Burke
Zoning	R3
Neighborhood	28655
Longitude / Latitude	-81.750964 / 35.777813
Lot Size	19,166 sq ft

Loan Amount	$*****
Lender	State Emp Cu
Origination Date	April 09, 2015
Interest Rate	****%
Term	30 Years
Rate Type	Adjustable
Est Balance	$********
Due Date	************
Equity	View Equity

2597 Spainhour Rd Morganton, NC 28655

property value

$170,031

market valuation

$215,318

market valuation

$214,849

investment intelligence

Investment Potential for 2597 Spainhour Rd

rental income

property appreciation

Last Sale Amount

$82,000

property value

$170K

($157K - $186K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 2597 Spainhour Rd

Occupancy

Appreciation Since Purchased

$88,031

Number of Owners

1

Property Owners

Tony R Padgett, age **

Property Ownership Information

Occupancy

Property Details for 2597 Spainhour Rd

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

54 years

(Remodeled 1975)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Mortgage & Equity Information

Recommended Properties in 28655

$250K - $279K

Est. Value

222 Sequoyah Cir, Morganton, NC 28655

3 beds · 2 baths · 1,567 sq ft · Last Sold: $262,000 in 2022 · Built: 1994

$163K - $191K

Est. Value

1670 Jamestown Rd, Morganton, NC 28655

3 beds · 2 baths · 1,499 sq ft · Built: 2005

$228K - $255K

Est. Value

4600 Montclaire Ave, Morganton, NC 28655

3 beds · 1,344 sq ft · Built: 1971

$83.5K - $95K

Est. Value

1807 N Green St, Morganton, NC 28655

3 beds · 1 baths · 1,978 sq ft · Last Sold: $134,500 in 2014 · Built: 1948

$181K - $198K

Est. Value

3991 Silver Creek Ter, Morganton, NC 28655

3 beds · 2 baths · 1,512 sq ft · Last Sold: $165,000 in 2021 · Built: 2006

$265K - $287K

Est. Value

1995 Goodman Dr, Morganton, NC 28655

3 beds · 1,958 sq ft · Built: 2006

$91.9K - $100K

Est. Value

5175 Dysartsville Rd, Morganton, NC 28655

3 beds · 2 baths · 1,750 sq ft · Built: 1994

$123K - $140K

Est. Value

6095 Dysartsville Rd, Morganton, NC 28655

3 beds · 2 baths · 1,512 sq ft · Built: 1988

$178K - $202K