For SaleNeutral Deal56 days on market
2295 Shady Grove Rd
2295 Shady Grove Rd, Connelly Springs, NC 28612, Connelly Springs, NC 28612
$649,000
Listing Price
2295 Shady Grove Rd, Connelly Springs, NC 28612
Loc: Connelly Springs, NC
Days Listed
56
Tax Assessed
$395k
Lot Size
2.59 acres
Type
manufactured
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Valdese Elementary
PK-5
3.8 mi away
5
Heritage Middle
6-8
4.6 mi away
8
Jimmy C. Draughn High School
9-12
2.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Manufactured Home1989Electric, Heat PumpHeat Pump8 Attached Garage spaces56 Days$206
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.56%
Total ROI
101.3%
Cash Flow
$178/mo
DSCR
1.05
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $178/mo net cash flow with a 6.6% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.6%)
- • Strong rental demand in Connelly Springs
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-31 | Price change | $649,000 | $206 |
| 2026-07-31 | Listed for sale | $699,000 | $222 |
| 2026-07-21 | Listing removed | $699,000 | $222 |
| 2026-06-26 | Price change | $699,000 | $222 |
| 2026-06-02 | Price change | $713,999 | $227 |
| 2026-05-18 | Listed for sale | $739,000 | $235 |
| 2022-06-30 | Sold | $172,000 | $55 |
| 2022-04-19 | Contingent | $200,000 | $64 |
| 2022-03-26 | Listed for sale | $200,000 | $64 |
| 2020-11-06 | Sold | $24,000 | $8 |
| 2020-01-21 | Sold | $20,477 | $7 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,989.33 | $395,117 |
| 2024 | $2,714.64 | $395,117 |
| 2023 | $1,426.47 | $150,275 |
| 2022 | $825.15 | $58,489 |
| 2021 | $801.15 | $58,489 |
| 2020 | $206.2 | $58,489 |
| 2019 | $440.38 | $162,897 |
| 2018 | $1,596.12 | $153,897 |
| 2017 | $1,529.65 | $153,897 |
| 2016 | $1,529.65 | $153,897 |
| 2015 | $1,517.65 | $153,897 |
Similar Properties Nearby
Explore other investment opportunities in Connelly Springs.