Owner
$214,910
1612 RACE TRACK RD, NEW BERN, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,081
property type
Single Family Residential
hoa
No
About
Residential
Building Quality D+
Living Area
Attached Garage
1 Story
Heat Pump
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1986
Building Size
1,081 sq ft
Lot Size
13,268 sq ft
Lot Size (Acres)
0.30 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
8-120 -F-015
County
Craven County, North Carolina
Metro Area
New Bern, NC
Zoning
NR10
Neighborhood/Subdivision
COLONY ESTATE
Lot Number
—
School District
Craven County Schools
Legal Description
15 BLK F COLONY SEC5
Tax & Value Information
Market Value (Total)
$151,590
Building Value
$116,590
Land Value
$35,000
Annual Property Tax
$663
Tax Assessment Year
2024
Assessed Value
$151,590
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
8/15/2000
Recording Date
8/15/2000
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$0
Average Price per Sq.Ft.: $0.00
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$8,316
Return on Investment
15.60%
After Repair Value
$236,401
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
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Analysis Details
Purchase Price
$193,419
Renovation Cost
$10,746
Closing Costs (buying)
$3,868
Holding Costs
$5,868
Selling Costs
$14,184
Total Investment
$53,298
After Repair Value (ARV)
$236,401
Total Costs
$228,085
Estimated Profit
$8,316
Cash Invested
$49,429
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
No Elementary School nearby
No Middle School nearby
No High School nearby
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Quiet Residential
Walkability
Poor
(0 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
0
schools
Area Class
A
class
Investor Insight
This is a quiet residential area with 0 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
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Key Amenities in the Area