Investment Potential for 705 E Union St

The property has a current estimated value of $312,039, which is 47% above the zip median, based on public records. It last sold on March 17, 2022 for $58K. Projected long-term

is $23,400 annually ($1,950 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

$58,000

Sold March 17, 2022

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.

$312K

($298K - $323K)

47% above 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

$23,400 per year($1,950 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 705 E Union St

No contact information is available.

Occupancy

******

View Occupancy

Appreciation Since Purchased

$254,039

Purchased March 17, 2022

Occupancy

Current Occupancy

******View Occupancy

Property Details for 705 E Union St

Property Age

105 years

(Remodeled 1960)

62 years older than zip median

Property Details

Property Sq Ft

Living Area

1,266 sq ft

14% below market

Lot Size

13,504 sq ft

59% below market

Price Per Sq Ft

Living Area

$246 / sq ft

72% above market

Lot Size Area

$23 / sq ft

172% above market

Property Information

Property condition, age, exterior, etc. for 705 E Unio…

Land & Location Information

Longitude: -81.681824 Latitude: 35.752402 Parcel Number (APN): 751…

Recommended Properties in 28655

Discover more single family homes near 705 E Union 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.

Owned for 5 - 10 Years
$530K - $588K
Est. Value
109 Bayern Crst, Morganton, NC 28655
4 beds · 3,038 sq ft · Last Sold: $54,000 in 2019 · Built: 2020
Valued above Market Median
$382K - $425K
Est. Value
111 Setzer Dr, Morganton, NC 28655
4 beds · 2 baths · 2,912 sq ft · Built: 1947
Equity Status
$212K - $240K
Est. Value
312 Golf Course Rd, Morganton, NC 28655
3 beds · 2 baths · 1,512 sq ft · Built: 2000
Owner Age Above 75
$219K - $239K
Est. Value
3500 Ridgewood Dr, Morganton, NC 28655
3 beds · 2 baths · 1,505 sq ft · Built: 1979
Good value per sqft
$109K - $118K
Est. Value
2125 Pleasant Hill Ave, Morganton, NC 28655
2 beds · 1 baths · 1,344 sq ft · Last Sold: $1,000 in 2021 · Built: 1955
Owned for Less Than 5 Years
$278K - $322K
Est. Value
1616 Bethel Rd, Morganton, NC 28655
3 beds · 2,415 sq ft · Last Sold: $350,000 in 2024 · Built: 1962
Good value per sqft
$136K - $181K
Est. Value
900 E Parker Rd, Morganton, NC 28655
3 beds · 1,363 sq ft · Built: 1970
High Demand Long-Term Rental
$103K - $116K
Est. Value
2771 Nc 126, Morganton, NC 28655
3 beds · 2 baths · 1,056 sq ft · Built: 2007
Owner Age 35 - 45
$195K - $222K
Est. Value
108 Linwood Dr, Morganton, NC 28655
3 beds · 2 baths · 1,377 sq ft · Built: 1987
Owned for 5 - 10 Years
$217K - $243K
Est. Value
106 Sam Wall Ave, Morganton, NC 28655
3 beds · 1,719 sq ft · Last Sold: $135,000 in 2016 · Built: 1938
Valued above Market Median
$250K - $274K
Est. Value
308 Forest Hill St, Morganton, NC 28655
3 beds · 1 baths · 2,048 sq ft · Built: 1927
Owner Age 55 - 65
$176K - $198K
Est. Value
685 Oakland Avenue Ext, Morganton, NC 28655
3 beds · 2 baths · 1,620 sq ft · Built: 1995
Owned for Less Than 5 Years
$196K - $227K
Est. Value
120 Falls St, Morganton, NC 28655
3 beds · 1 baths · 1,106 sq ft · Last Sold: $149,000 in 2021 · Built: 1953
Valued above Market Median
$295K - $337K
Est. Value
5070 Whiterock Ln, Morganton, NC 28655
3 beds · 3,399 sq ft · Built: 2006
Valued below Market Median
$147K - $163K
Est. Value
206 Vine Arden Rd, Morganton, NC 28655
3 beds · 1 baths · 976 sq ft · Built: 1935
High Demand Long-Term Rental
$110K - $122K
Est. Value
107 Glendale St, Morganton, NC 28655
3 beds · 2 baths · 1,352 sq ft · Built: 1995
Equity Status
$172K - $190K
Est. Value
109 Quail Dr, Morganton, NC 28655
3 beds · 1 baths · 1,050 sq ft · Built: 1984
Good value per sqft
$113K - $128K
Est. Value
4879 Dentons Chapel Rd, Morganton, NC 28655
3 beds · 1 baths · 1,216 sq ft · Built: 1945
Valued below Market Median
$107K - $121K
Est. Value
2051 Skyland Dr, Morganton, NC 28655
2 beds · 1 baths · 1,008 sq ft · Last Sold: $76,000 in 2016 · Built: 1947
Large Lot Advantage
$215K - $259K
Est. Value
3139 Us 64, Morganton, NC 28655
2 beds · 2 baths · 1,976 sq ft · Last Sold: $90,000 in 2011 · Built: 1991

Market Benchmarks

Compare data for 705 E Union St 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

$312,039

$211,582

$100,458 (47%)

$274,164

$37,875 (14%)

$******

$********

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

$381,744

$85,903 (23%)

YoY Price Change

****%

2.32%

1628%

Year Built

1920

1982

-62 years

1990

-70 years

Living Space

1,266 sq ft

1,477 sq ft

-211 (-14%)

1,590 sq ft

-324 (-20%)

$ Per Living Sq Ft

$246

$144

$103 (72%)

$168

$78 (46%)

Lot Size

13,504 sq ft

33,106 sq ft

-19602 (-59%)

20,473 sq ft

-6969 (-34%)

$ Per Lot Sq Ft

$23

$8

$15 (172%)

$17

$6 (39%)

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

$*****

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

$18,583

-$1,025 (-6%)

Annual Revenue

$23,400

$24,600

-$1,200 (-5%)

$25,200

-$1,800 (-7%)

$****

$******

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

$6,214

-$372 (-6%)

Net Operating Income

$*****

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

$18,583

-$1,025 (-6%)

Cap Rate

****%

—

6.34%

—

View Zip code Data

Home Value Comparison

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

Property Condition	****View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	1
Year Built	1920
Building Sq Ft	1,266 sq ft
Lot Size	0 Acres
Living Space	1,266 sq ft
Ground Floor	1,266 sq ft
Heating / Fuel	Unit

APN	751
Census Tract	0206001013
Municipality	Morganton
County	Burke
Subdivision	East Union Street
Zoning	R3
Neighborhood	28655
Longitude / Latitude	-81.681824 / 35.752402
Lot Size	13,504 sq ft

705 E Union St Morganton, NC 28655

property value

$312,039

market valuation

$211,582

market valuation

$211,192

investment intelligence

Investment Potential for 705 E Union St

rental income

property appreciation

Last Sale Amount

$58,000

property value

$312K

($298K - $323K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 705 E Union St

Occupancy

Appreciation Since Purchased

$254,039

Occupancy

Property Details for 705 E Union St

Property Age

105 years

(Remodeled 1960)

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 28655

$530K - $588K

Est. Value

109 Bayern Crst, Morganton, NC 28655

4 beds · 3,038 sq ft · Last Sold: $54,000 in 2019 · Built: 2020

$382K - $425K

Est. Value

111 Setzer Dr, Morganton, NC 28655

4 beds · 2 baths · 2,912 sq ft · Built: 1947

$212K - $240K

Est. Value

312 Golf Course Rd, Morganton, NC 28655

3 beds · 2 baths · 1,512 sq ft · Built: 2000

$219K - $239K

Est. Value

3500 Ridgewood Dr, Morganton, NC 28655

3 beds · 2 baths · 1,505 sq ft · Built: 1979

$109K - $118K

Est. Value

2125 Pleasant Hill Ave, Morganton, NC 28655

2 beds · 1 baths · 1,344 sq ft · Last Sold: $1,000 in 2021 · Built: 1955

$278K - $322K

Est. Value

1616 Bethel Rd, Morganton, NC 28655

3 beds · 2,415 sq ft · Last Sold: $350,000 in 2024 · Built: 1962

$136K - $181K

Est. Value

900 E Parker Rd, Morganton, NC 28655

3 beds · 1,363 sq ft · Built: 1970

$103K - $116K

Est. Value

2771 Nc 126, Morganton, NC 28655

3 beds · 2 baths · 1,056 sq ft · Built: 2007

$195K - $222K

Est. Value

108 Linwood Dr, Morganton, NC 28655

3 beds · 2 baths · 1,377 sq ft · Built: 1987

$217K - $243K

Est. Value

106 Sam Wall Ave, Morganton, NC 28655

3 beds · 1,719 sq ft · Last Sold: $135,000 in 2016 · Built: 1938

$250K - $274K

Est. Value