NOT LISTED FOR SALE

1205 W 4th Ave Unit 5 Gastonia, NC 28052

Estimated Value: $128,000 - $157,000

2 Beds
1 Bath
872 Sq Ft
$169/Sq Ft Est. Value

Last Sold May 28, 2020

Last sale price $55,000 $63 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $770/month

4 Days on Market

Highlights

  • Hilly Lot
  • Side Porch
  • Level Lot
  • Wood Flooring
  • Fenced

About This Home

As of May 2020

Great fix and flip or buy and hold in one of the hottest markets in the area! This property is in prime position to either finish off as a rental or completely revamp and resale for retail. Comps within a quarter mile have sold around 120 to 130 consistently. Rental rates are around $750-$900. Many investors are flocking to this city for low prices and high returns. Home owners enjoy the proximity to 85 which allows quick access to Charlotte and SC all while paying a fraction of the price per sqft compared to Charlotte. This property will not last long so act now! Crawl space takes on water so a pump is needed, roof needs to be replaced. LISTING AGENTS ARE LICENSED NC REAL ESTATE AGENTS AND HAVE EQUITABLE INTEREST This is an Assignment of Contract -Must close with Harry Marsh -Cash only - HOUSE HAS CODE VIOLATIONS

Last Agent to Sell the Property

Robert Pompey

Legacy Real Estate Services LLC License #286025 Listed on: 05/07/2020

Co-Listed By

Bradley Lowery

Keller Williams South Park License #298717

Last Buyer's Agent

Warren Moss

Moss Realty License #59935

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $52

Year Built

  • Built in 1950

Lot Details

  • Fenced
  • Level Lot
  • Hilly Lot
  • Zoning described as R1

Parking

  • Driveway

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 872 Sq Ft Home
  • Living Room with Fireplace
  • Crawl Space

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Side Porch

Listing and Financial Details

  • Assessor Parcel Number 107463

Home Details

Home Type

Single Family

Est. Annual Taxes

$52

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Ratio Current Price By Acre: 305555.56
  • Road Surface Type: Dirt
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: None
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 872
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Side
  • Appliances: None
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Living Area: 872
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence
  • New Construction: No
  • Roof: Flat
  • Tax Location: Gaston
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: None
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: None
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Hilly, Level
  • Lot Size Area: 0.18
  • Parcel Number: 107463
  • Plat Book Slide: 005/100
  • Zoning Description: R1

Tax Info

  • RATIO List Price By Tax Amount: 1.19048

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2025
Sold by
Gillrist Mlk Group Llc
Bought by
Gill-Black Ledger Capital Llc
Current Estimated Value
$146,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,071,410
Outstanding Balance
$3,071,410
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
-$2,924,348

Purchase Details

Listed on
May 7, 2020
Closed on
May 26, 2020
Sold by
Maquilon Sady
Bought by
Gillrist Mkl Group Llc
Seller's Agent
Robert Pompey
Legacy Real Estate Services LLC
Buyer's Agent
Warren Moss
Moss Realty
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.94%

Purchase Details

Closed on
May 12, 2006
Sold by
Mehaffey Dennis Ray and Mehaffey Debbie
Bought by
Maquilon Sady
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gill-Black Ledger Capital Llc -- None Listed On Document
Gillrist Mkl Group Llc $40,000 None Available
Maquilon Sady $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill-Black Ledger Capital Llc $3,071,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2020 05/28/20 Sold $55,000 0.0% $63 / Sq Ft
05/11/2020 05/11/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $55,000 -- $63 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $52 $116,260 $14,500 $101,760
2024 $1,191 $111,410 $14,500 $96,910
2023 $589 $111,410 $14,500 $96,910
2022 $1,339 $46,200 $8,000 $38,200
2021 $1,292 $46,200 $8,000 $38,200
2019 $628 $46,200 $8,000 $38,200
2018 $545 $38,906 $10,800 $28,106
2017 $545 $38,906 $10,800 $28,106
2016 $545 $38,906 $0 $0
2014 $632 $45,170 $13,500 $31,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3618870

Canopy MLS (Canopy Realtor® Association)

APN: 107463