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1914 Millan Dr, Fayetteville, NC, 28305

$472,000

Home List Price

$5,605*

Closing Credit

0 Baths
Multi

Location

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1914 Millan Dr, Fayetteville$472,000

Buyer Closing Credits

$5,605*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1952
HeatingHeat Pump
CoolingCentral Air
MLS #LP733204
StatusActive

About 1914 Millan Dr

1914 Millan Drive is a core investment multi-family opportunity located in the N. Fayetteville (Terry Sanford/Haymount) Submarket, one of Fayetteville’s premier locations. The subject property (approx. 2,400 Sq. Ft.) is a well-maintained brick quadraplex (4-units) located on 0.43 acres at the end of a Haymount cul-de-sac. All units are 1 bedroom, 1 bathroom, living room, kitchen and laundry room. There is currently one (newly renovated) vacant unit, which compares very favorably to the market average. For that reason, the pro-forma outlook has a $43,800 gross operating income. Furthermore, the N. Fayetteville (Terry Sanford) submarket boasts a 6.4% avg. market cap rate and $1,024 avg. monthly rent for 1-bedroom units, leaving room here for value-add. This pristine quadraplex has been a valued investment and consistently improved. Unit #1 is vacant and recently renovated (rather than re-rented) for the purpose of showings. Units 2-4 are occupied by tenants (leases attached).

Property Details

Property Features

Property Information:

  • Year Built: 1952

Listing Office:

  • Office Name: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
  • Office Phone: (910) 483-5353
  • Listing Agent: MATTHEW BARRETT

Interior Features

Interior Information:

  • Flooring Type: Carpet, Hardwood, Luxury Vinyl, Tile, Vinyl, Other
  • Interior: Entrance Foyer, Granite Counters

Lot Features

Lot Information:

  • Lot: Cul-De-Sac

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Use Google Maps / GPS from your location

Price Information

Listing Price Info

Price Summary:

  • List Price: $472,000

Tax Information:

  • Annual Amount: $1,738
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fayetteville, NC.

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Fayetteville, NC

City

Med. Sold Price

$233.6K

Med. Price/SqFt

$146

Avg. Days On Market

29

# of Sold Homes

254

1914 Millan Dr vs Fayetteville

42 DAYS ON ROCKET

+13 Days

$472,000

+$238.3K More

KEY TAKEAWAY

This property is $238.3K more than the Median Sold Price in Fayetteville, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #LP733204

Listing Office:

  • Office Name: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
  • Office Phone: (910) 483-5353
  • Listing Agent: MATTHEW BARRETT

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,738$128,300
2019$2,722$128,300
2018$1,738$128,300
2017$1,210$128,300

History based on county public records data.

Payment Calculator

$2,423

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,482

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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-190250
4
/10

  • Margaret Willis Elementary School

  • 1412 Belvedere Ave

  • 0.85 miles

  • Public District Grades PK-5

school-card-donut-190251
7
/10

  • Vanstory Hills Elementary School

  • 400 Foxhall Rd

  • 0.94 miles

  • Public District Grades 2-5

school-card-donut-190252
5
/10

  • Ashley Elementary School

  • 810 Trainer Dr

  • 1.52 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $81,250. The most common annual income of people living in Fayetteville, NC is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›Cumberland County›Fayetteville›28305›1914 Millan Dr

This home is located at 1914 Millan Dr in Fayetteville, NC and zip code 28305 in the Central Fayetteville neighborhood. This home was built in 1952. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $472,000.

Over 46 listings were sold over their listed price in October 2024 in Fayetteville, NC. In the same period over 114 listings were sold below the listed price and 94 listings were sold for the listed price. The number of homes for sale in Fayetteville, NC increased by 3.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 29 days, the median list price was $233,695.

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

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