16 days on rocket

Sale Pending

1602 Cedar Ln, Kinston, NC, 28501

$50,000

Home List Price

$594*

Closing Credit

2 Bedrooms
1 Full Bath
875 SqFt
$57/SqFt
House
Schools Nearby

Location

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1602 Cedar Ln, Kinston$50,000

Buyer Closing Credits

$594*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, On Street
Year Built1955
HeatingForced Air
CoolingCentral Air
FireplaceNone
MLS #100438463
Lot Size0.20 Acres
StatusSale Pending
(Pending)

About 1602 Cedar Ln

Calling all investors! Tenant occupied. Great rental property with long term tenant since 2015 and good cash flow. Tenant currently paying $650 per month rent and current. HVAC is just 5 years old and metal roof is just 7 years old. Here's an opportunity to add a good one to your investment portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 1
  • Living Area: 875 SqFt

Listing Office:

  • Office Name: Phoenix Realty Group NC

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Electric Oven, Electric Stove
  • Interior: Blinds/Shades
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Gravel, On Street

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Lenoir County Early College High School, Public District Grades 9-12
  • Kinston High School, Public District Grades 9-12
  • Rochelle Middle School, Public District Grades 6-8
  • Southeast Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: From downtown, north on Martin Luther King Blvd. and right to J.P. Harrison Bld. past Rochelle School. Left on Cedar Lane. Home is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $50,000
  • Price Per SqFt: $57/SqFt

Tax Information:

  • Annual Amount: $324
  • Tax Year: 2021
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Housing Market Comparison

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

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Kinston, NC

City

Med. Sold Price

$180.3K

Med. Price/SqFt

$104

Avg. Days On Market

60

# of Sold Homes

27

1602 Cedar Ln vs Kinston

16 DAYS ON ROCKET

-44 Days

$50,000

-$130.3K Less

$57/SqFt

-$47 Less

KEY TAKEAWAY

This property is $130.3K less than the Median Sold Price and $47/SqFt less than other homes in Kinston, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #100438463

Listing Office:

  • Office Name: Phoenix Realty Group NC

IDX Copyright 2024 North Carolina Regional MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC (NCRMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 2:25:21 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$324$20,052
2020$315$20,052
2019$306$20,052
2018$308$20,052
2017$430$20,052

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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.

Elementary School

school-card-donut-3165712
3
/10

  • Southeast Elementary School

  • 201 Mcdaniels St

  • 0.67 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3165713
1
/10

  • Rochelle Middle School

  • 301 N Rochelle Blvd

  • 0.21 miles

  • Public District Grades 6-8

High School

school-card-donut-3165714
9
/10

  • Lenoir County Early College High School

  • 231 Hwy 58 S

  • 1.84 miles

  • Public District Grades 9-12

school-card-donut-3165715
2
/10

  • Kinston High School

  • 2601 N Queen St

  • 2.63 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,231. Residents of Kinston, NC typically earn less than $35k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1602 Cedar Ln

What is the listing price of this property?

The listing price of 1602 Cedar Ln property is $50,000.

What type of property is this?

The property 1602 Cedar Ln is a house located in Kinston, North Carolina, 28501.

Is this property for sale now?

Sale Pending: 1602 Cedar Ln is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1602 Cedar Ln are:
Southeast Elementary School: GreatSchools Rating 3/10
Rochelle Middle School: GreatSchools Rating 1/10
Lenoir County Early College High School: GreatSchools Rating 9/10
Kinston High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $324 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1602 Cedar Ln has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1602 Cedar Ln is 875 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1602 Cedar Ln is 1955.

Rocket Homes›North Carolina›Lenoir County›Kinston›28501›1602 Cedar Ln

This home is located at 1602 Cedar Ln in Kinston, NC and zip code 28501. This 875 square foot home, which was built in 1955, sits on a 0.20 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 13, 2024 and is currently priced at $50,000.

Kinston, NC housing market in March 2024 saw over 2 listings sold above listed price, more than 9 sold at listed price and over 16 sold below. The number of homes for sale in Kinston, NC increased by 12.3% between February 2024 and March 2024. Listings spent 60 days on the market in March 2024, and had a median list price of $180,333 during the same period.

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

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