114,111,126 Farmside Drive, Forest City, NC, 28043

$1,580,000

Home List Price

$10,000*

Closing Credit

22 Bedrooms
14 Full Baths
10,910 SqFt
$145/SqFt
Condo

Location

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114,111,126 Farmside Drive, Forest City$1,580,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Space(s)
Year Built1980
HeatingElectric, Heat Pump
CoolingCentral Air, Electric, Heat Pump
BasementYes
MLS #4149916
StatusActive

About 114,111,126 Farmside Drive

14 units, 3 building apartment complex. 100% occupied. 8 units are 2 BR/1 bath and 6 units are 1 BR/1BA. Metal roof is approximately 10 years old. Many upgrades which include updated plumbing, electrical, heat pump/central air in the 2 BR units and central heat new in the 1 BR units with window units, hot water heaters. Two community wells on the property and owners say water flow and supply are good. Current rent roll is $8430 per month/ $101,160 per year. Two units are not on the rent roll due to the owner retaining those for her employees and she rents the 2 BR at $650 and the 1 BR for $550 (same as all other tenants). Termite Warranty. Water is supplied by two community wells and owners provide electricity for the water.

Property Details

Property Features

Property Information:

  • Year Built: 1980
  • Stories: 1
  • Living Area: 10,910 SqFt

Listing Office:

  • Office Name: Odean Keever & Associates, Inc.

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Laminate, Linoleum, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 14
  • Total Bedroom Count: 22

Exterior Features

Parking Information:

  • Parking: Parking Space(s)

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric, Heat Pump

Other

Directions Information:

  • Directions: Hwy. 74A to Oakland Road exit. Bear right onto Crowe Dairy Road. Property will be on the left - Farmside Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,580,000
  • Price Per SqFt: $145/SqFt
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Housing Market Comparison

See how this home compares to others in Forest City, NC.

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Forest City, NC

City

Med. Sold Price

$220K

Med. Price/SqFt

$159

Avg. Days On Market

39

# of Sold Homes

16

114,111,126 Farmside Drive vs Forest City

156 DAYS ON ROCKET

+117 Days

$1,580,000

+$1.3M More

$145/SqFt

-$14 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $14/SqFt less than other homes in Forest City, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4149916

Listing Office:

  • Office Name: Odean Keever & Associates, Inc.

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 9:21:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$7,953

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,803

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-307752
7
/10

  • Spindale Elementary School

  • 161 N Oak St

  • 2.56 miles

  • Public District Grades PK-5

school-card-donut-307753
8
/10

  • Forest City-Dunbar Elementary School

  • 286 Learning Pkwy

  • 3.04 miles

  • Public District Grades PK-5

school-card-donut-307754
6
/10

  • Rutherfordton Elementary School

  • 201 Bob Hardin Rd

  • 3.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,781. Most Forest City, NC residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 114,111,126 Farmside Drive

What is the listing price of this property?

The listing price of 114,111,126 Farmside Drive property is $1,580,000.

What type of property is this?

The property 114,111,126 Farmside Drive is a condo located in Forest City, North Carolina, 28043.

Is this property for sale now?

Active Listing: 114,111,126 Farmside Drive is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 114,111,126 Farmside Drive has 22 bedrooms and 14 bathrooms.

What is the square footage of this property?

The property 114,111,126 Farmside Drive is 10,910 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 114,111,126 Farmside Drive is 1980.

Rocket Homes›North Carolina›Rutherford County›Forest City›28043›114,111,126 Farmside Drive

This home is located at 114,111,126 Farmside Drive in Forest City, NC and zip code 28043. This 10,910 square foot home was built in 1980. Features: 22 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since June 11, 2024 and is currently priced at $1,580,000.

In October 2024, from all listings sold in Forest City, NC there were more than 4 sold above asking price, over 8 sold below and more than 4 were sold right at the asked price. The number of homes for sale in Forest City, NC decreased by 4.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $220,000, while the average time on the real estate market was 39 days.

From Rocket Homes Real Estate and based on county public records data.

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