Owner
$692,886
3008 LAMPLIGHT RD, MONROE, NC
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
2
baths
3
sq. ft.
2,548
property type
Single Family Residential
hoa
No
About
Residential
Building Quality C+
Average Condition
Living Area
2 Stories
Unspecified Basement
Forced Air Unit
Log
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2003
Building Size
2,548 sq ft
Lot Size
227,819 sq ft
Lot Size (Acres)
5.23 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)
04-270-007
County
Union County, North Carolina
Metro Area
Charlotte-Concord-Gastonia, NC-SC
Zoning
RA-40 UNION COUNTY
Neighborhood/Subdivision
PARTITION OF T S SMITH PROPERTY
Lot Number
3
School District
Union County Public Schools
Legal Description
#3 SMITH
Tax & Value Information
Market Value (Total)
$429,600
Building Value
$377,900
Land Value
$51,700
Annual Property Tax
$2,685
Tax Assessment Year
2024
Assessed Value
$429,600
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
11/20/2000
Recording Date
11/20/2000
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
$26,811
Return on Investment
15.60%
After Repair Value
$762,175
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
$623,597
Renovation Cost
$34,644
Closing Costs (buying)
$12,472
Holding Costs
$18,919
Selling Costs
$45,730
Total Investment
$171,836
After Repair Value (ARV)
$762,175
Total Costs
$735,364
Estimated Profit
$26,811
Cash Invested
$159,364
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