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405 Elm St

Locust, NC 28097

3 bd 2 ba 1,825 sqft Built 1998 Lot 28,750 sqft single_family
Most recent sale
$360,000
Mar 3, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Mar 3, 2022 Sold $360,000 MLS #3811788
Dec 17, 2021 Price changed $365,000 MLS #3811788
Dec 10, 2021 Price changed $375,000 MLS #3811788
Dec 8, 2021 Listed $390,000 MLS #3811788

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $267,115 $47,916 $315,031 $2,898
2023 $164,212 $28,314 $192,526 $2,098
2022 $164,212 $28,314 $192,526 $2,079
2021 $164,212 $28,314 $192,526 $2,060
2020 $141,377 $24,829 $166,206 $919
2019 $141,377 $24,829 $166,206 $939
2018 $141,377 $24,829 $166,206 $929
2017 $141,377 $24,829 $166,206 $1,878
2016 $139,510 $23,086 $162,596 $1,837
2015 $139,510 $23,086 $162,596 $1,015
2014 $139,510 $23,086 $162,596 $1,811
2013 $139,510 $23,086 $162,596 $1,811
2012 $136,231 $22,216 $158,447 $879
2011 $136,231 $22,216 $158,447 $879
2010 $136,231 $22,216 $158,447 $879
2009 $136,231 $22,216 $158,447 $879
2008 $136,231 $22,216 $158,447 $879
2007 $136,231 $22,216 $158,447 $879

Property facts

Year built
1998
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,825 sqft
Lot size
28,750 sqft
ZIP code
28097
City
Locust
Street
Elm St
Coordinates
35.25683, -80.41973

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
$2,464
Gross rental yield
8.21%
Implied cap rate
5.34%
Trend-extrapolated value

Frequently asked questions

When did 405 Elm St last sell?
405 Elm St most recently sold on Mar 3, 2022 for $360,000.
What is the current tax assessment for 405 Elm St?
The most recent total assessment for 405 Elm St (year 2025) is $315,031 with $2,898 in property tax.
How does 405 Elm St's assessment compare to its last sale price?
The current assessment is 12.5% below the last sale price of $360,000.
When was 405 Elm St built?
405 Elm St was built in 1998.
How does 405 Elm St compare to others on Elm St?
We track 8 other properties on Elm St. Browse the list under "Other properties on Elm St" to compare beds, baths, and sale history.
What are the property facts for 405 Elm St?
405 Elm St is a 3 bed, 2 bath, 1,825 sqft, 28,750 sqft lot single_family.
Is 405 Elm St a flip candidate?
No — 405 Elm St does not appear in our flips dataset.
Is 405 Elm St a tax-appeal candidate?
No — 405 Elm St 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
+0.3%
Implied 1-yr
+1.0%
2026 Q3
$400.4K
2026 Q4
$401.3K
ZIP 28097 — Median Price History + Forecast

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