Zip Code
1905 Pinecrest Dr, Morganton, NC 28655
3 beds · 1 bath · 1,120 sq ft · Lot: 18,731 sq ft · Single Family Home · Built: 1970
Est. Value:
$152K
Est. Rent:
$2.8K/month

1905 Pinecrest Dr Morganton, NC 28655

3 beds · 1 bath · 1,120 sq ft · Lot Size: 18,731 sq ft · Single Family Home
Est. Property Value: $152,182

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

1905 Pinecrest Dr 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 1970 and is approximately 55 years old. The single family home spans 1120 sq ft with 3 bedrooms and 1 bathroom and sits on a 18731 sq ft lot. According to public records, it was sold for $15,000. Analyze and compare real estate investment strategies for properties like this home at 1905 Pinecrest Dr Morganton, NC 28655 with Property Intel by Whitepages.

Investment Potential for 1905 Pinecrest Dr

The property has a current estimated value of $152,182, which is 29% below the zip median, based on public records. It last sold for $15,000. Projected long-term
is $33,000 annually ($2,750 per month) with a 86% occupancy rate.

Discover more Single Family Homes in 28655.

Long-Term

Gross Rental
$33,000 per year($2,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
86%in 28655 zip code
 
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Owners & Occupancy for 1905 Pinecrest Dr

No contact information is available.

Occupancy

Resident 1**************** age 69
Resident 2******************* age 78

Property Details for 1905 Pinecrest Dr

Property Details

Property Sq Ft

Living Area

1,120 sq ft

24% below market

Lot Size

18,731 sq ft

43% below market

Price Per Sq Ft

Living Area

$136 / sq ft

6% below market

Lot Size Area

$8 / sq ft

6% below market

Property condition, age, exterior, etc. for 1905 Pinec…
Longitude: -81.725048 Latitude: 35.689014 Parcel Number (APN): 9232…
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Market Benchmarks

Compare data for 1905 Pinecrest Dr in Burke County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$152,182
$275,142
-$122,961 (-45%)
$398,141
-$154,552 (-39%)
YoY Price Change
2.32%
3507%
Year Built
1970
1990
-20 years
Living Space
1,120 sq ft
1,589 sq ft
-469 (-30%)
$ Per Living Sq Ft
$136
$169
-$33 (-20%)
Lot Size
18,731 sq ft
20,473 sq ft
-1742 (-9%)
$ Per Lot Sq Ft
$8
$17
-$9 (-51%)

Net Operating Income
$17,038
$9,673 (57%)
Annual Revenue
$33,000
$22,800
$10,200 (45%)
$5,773
$516 (9%)
Net Operating Income
$17,038
$9,673 (57%)
Cap Rate
6%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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