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116 Chestnut Pl

Arden, NC 28704

2 bd 1 ba 903 sqft Built 1951 Lot 14,375 sqft single_family
Most recent sale
$241,000
Aug 5, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Aug 5, 2022 Sold $241,000 MLS #3883492
Jul 15, 2022 Listed $235,000 MLS #3883492
Aug 28, 2009 Sold $108,000 Public Record
Jun 26, 1997 Sold $66,500 Public Record
Dec 17, 1990 Sold $49,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $127,400 $51,800 $179,200 $1,172
2024 $127,400 $51,800 $179,200 $1,113
2023 $127,400 $51,800 $179,200 $1,068
2022 $127,400 $56,700 $184,100 $1,078
2021 $127,400 $56,700 $184,100 $1,079
2020 $100,300 $42,300 $142,600 $898
2019 $100,300 $42,300 $142,600 $898
2018 $100,300 $42,300 $142,600 $898
2017 $100,300 $42,300 $142,600 $898
2016 $78,100 $42,300 $120,400 $837
2015 $78,100 $42,300 $120,400 $837
2014 $78,100 $42,300 $120,400 $837
2013 $78,100 $42,300 $120,400 $837
2012 $96,900 $31,300 $128,200 $773
2011 $96,900 $31,300 $128,200 $773
2010 $74,900 $31,300 $106,200 $640
2009 $74,000 $31,300 $105,300 $635
2008 $74,000 $31,300 $105,300 $635
2007 $74,000 $31,300 $105,300 $634

Property facts

Year built
1951
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
903 sqft
Lot size
14,375 sqft
ZIP code
28704
City
Arden
Street
Chestnut Pl
Coordinates
35.47572, -82.50555

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,219
Gross rental yield
6.07%
Implied cap rate
3.95%
Trend-extrapolated value

Frequently asked questions

When did 116 Chestnut Pl last sell?
116 Chestnut Pl most recently sold on Aug 5, 2022 for $241,000.
What is the current tax assessment for 116 Chestnut Pl?
The most recent total assessment for 116 Chestnut Pl (year 2025) is $179,200 with $1,172 in property tax.
How does 116 Chestnut Pl's assessment compare to its last sale price?
The current assessment is 25.6% below the last sale price of $241,000.
When was 116 Chestnut Pl built?
116 Chestnut Pl was built in 1951.
How does 116 Chestnut Pl compare to others on Chestnut Pl?
We track 8 other properties on Chestnut Pl. Browse the list under "Other properties on Chestnut Pl" to compare beds, baths, and sale history.
What are the property facts for 116 Chestnut Pl?
116 Chestnut Pl is a 2 bed, 1 bath, 903 sqft, 14,375 sqft lot single_family.
Is 116 Chestnut Pl a flip candidate?
No — 116 Chestnut Pl does not appear in our flips dataset.
Is 116 Chestnut Pl a tax-appeal candidate?
No — 116 Chestnut Pl is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+2.9%
Implied 1-yr
+11.5%
2026 Q3
$1.08M
2026 Q4
$1.11M
ZIP 28704 — Median Price History + Forecast

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