tomo logo

$267,900

Beds
5
Baths
2.5
sq ft
1,094

51 Lucas Street, Sparta, NC 28675

51 Lucas Street

Sparta, NC 28675

  • 89 days on market
    • Price drop $7,000↓
Spacious Home with Income-Generating Finished Basement This well-maintained property is a unique opportunity for homeowners and investors alike. The main level boasts a cozy living room with a brick fireplace, a traditional kitchen, and charming wood accents throughout. The standout feature is the fully finished basement, well suited for renting out or use as a guest suite. It includes a large living area, a full kitchen, a comfortable bedroom, and a separate entrance. The basement is separately metered, making it great for generating rental income while maintaining privacy. Outside, enjoy a large carport and a beautifully landscaped yard, all set in a peaceful neighborhood. Whether you’re looking for a family home with added income potential or an investment property, this home has it all. Don't miss out on this versatile investment! For short-term rentals in Sparta, NC, the average daily rate (ADR) is approximately $158, with an occupancy rate of around 44%. This suggests a solid market for short-term rentals, particularly for those targeting travelers and professionals passing through the area. Please see attached measurements for room layout.

Details

Property type

Single Family Residence

Est. home value

$216,962

Lot size

0.41 acres

Price per sq ft

$245

Year built

1962

Annual property taxes

$523.77

HOA

No

Price History

10/15/2024
HighCountry

HighCountry #251677

Price change
$267,900
-2.55%
08/26/2024
HighCountry

HighCountry #251677

Listed
$274,900
+145.45%
01/24/2018
HighCountry

HighCountry #39205792

Sold
$112,000

Schools & Community

Elementary school: 

Sparta

Middle school: 

Unknown

High school: 

Alleghany

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Branch Banking And Trust Co

Loan start date

April 2019

Original loan amount

$33,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

Stand Alone Refi (Refinance of Original Loan)

Seller

Richard E Happy and Giselle P Happy

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 12:55 PM

Listing updated: 10/15/2024 at 2:50 PM

Listed by: Jeremy Aldridge, Lantern Realty And Development Phone #: (704) 298-0087

MLS: HighCountry #251677

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