116 Colony Dr
Morganton, NC 28655
2 bd 1 ba 80,000 sqft Built 1985 Lot 22,216 sqft single_family
Most recent sale
$105,000
May 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 8, 2024 | Sold | $305,000 | Public Record |
| May 20, 2022 | Sold | $105,000 | MLS #3848454 |
| Apr 11, 2022 | Listed | $150,000 | MLS #3848454 |
| Sep 9, 2013 | Sold | $101,000 | MLS #9568747 |
| Aug 7, 2013 | Listing removed | $101,900 | BurkeCounty |
| Mar 6, 2013 | Listed | $101,900 | MLS #23964 |
| Mar 3, 2013 | Listed | $101,900 | MLS #9568747 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $116,604 | $22,587 | $139,191 | $869 |
| 2023 | $67,416 | $22,587 | $90,003 | $592 |
| 2022 | $79,958 | $22,587 | $102,545 | $794 |
| 2021 | $79,958 | $22,587 | $102,545 | $789 |
| 2020 | $79,958 | $22,587 | $102,545 | $784 |
| 2019 | $79,958 | $22,587 | $102,545 | $784 |
| 2018 | $73,136 | $22,587 | $95,723 | $737 |
| 2017 | $73,136 | $22,587 | $95,723 | $735 |
| 2016 | $73,136 | $22,587 | $95,723 | $715 |
| 2015 | $73,136 | $22,587 | $95,723 | $712 |
| 2014 | $73,136 | $22,587 | $95,723 | $711 |
| 2013 | $73,136 | $22,587 | $95,723 | $711 |
| 2012 | $81,666 | $21,756 | $103,422 | $598 |
| 2011 | $81,666 | $21,756 | $103,422 | $596 |
| 2010 | $81,666 | $21,756 | $103,422 | $595 |
| 2009 | $81,666 | $21,756 | $103,422 | $296 |
| 2008 | $81,666 | $21,756 | $103,422 | $296 |
| 2007 | $81,666 | $21,756 | $103,422 | $293 |
Property facts
Year built
1985
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
80,000 sqft
Lot size
22,216 sqft
ZIP code
28655
City
Morganton
Street
Colony Dr
Coordinates
35.73648, -81.70081
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$630
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 116 Colony Dr last sell?
116 Colony Dr most recently sold on May 20, 2022 for $105,000.
What is the current tax assessment for 116 Colony Dr?
The most recent total assessment for 116 Colony Dr (year 2025) is $139,191 with $869 in property tax.
How does 116 Colony Dr's assessment compare to its last sale price?
The current assessment is 32.6% above the last sale price of $105,000.
When was 116 Colony Dr built?
116 Colony Dr was built in 1985.
How does 116 Colony Dr compare to others on Colony Dr?
We track 8 other properties on Colony Dr. Browse the list under "Other properties on Colony Dr" to compare beds, baths, and sale history.
What are the property facts for 116 Colony Dr?
116 Colony Dr is a 2 bed, 1 bath, 80,000 sqft, 22,216 sqft lot single_family.
Is 116 Colony Dr a flip candidate?
No — 116 Colony Dr does not appear in our flips dataset.
Is 116 Colony Dr a tax-appeal candidate?
No — 116 Colony Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.3%
Implied 1-yr
+13.3%
2026 Q3
$360.7K
2026 Q4
$370.6K
ZIP 28655 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Colony Dr