NOT LISTED FOR SALE

1417 Melrose Dr Shelby, NC 28152

Estimated Value: $221,000 - $279,000

2 Beds
2 Baths
1,498 Sq Ft
$164/Sq Ft Est. Value

Last Sold April 27, 2020

Last sale price $144,000 $96 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,452/month

41 Days on Market

Highlights

  • Wood Flooring
  • Walk-In Closet
  • 1-Story Property
  • Cottage
  • Shed
  • Level Lot

About This Home

As of April 2020

Do you dream of owning a historic home that has beautiful hardwoods, gorgeous crown and baseboard molding, and architecture that is very attentive to detail, something that new homes lack. Now is your chance to own this adorable 1925 cottage that is perfectly located close to everything, yet gives you a feeling of country living in the city. This two bedroom two bath home features a double sided fireplace in the living and dining room, a front porch that is rocking chair ready, a great deck for grilling, a perfect size backyard, and a master bedroom with a private bath with a clawfoot tub. On 6/19, a home and radon inspection was preformed, and are accessible to serious buyers.

Last Agent to Sell the Property

Angelia Peterson

Asheworth Group WNC Real Estate LLC License #286024 Listed on: 02/15/2020

Last Buyer's Agent

Tony Adair

Larry Johnson Realty LLC License #300963

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 0.46

Parking

  • Gravel Driveway

Home Design

  • Cottage

Interior Spaces

  • 1-Story Property
  • Gas Log Fireplace
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Shed
  • Level Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 27848

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 1.04348
  • Ratio Close Price By Original Li: 0.99310
  • Ratio Current Price By Acre: 313043.48
  • Ratio Current Price By Sq Ft: 96.13
  • Year Built: 1925
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Equipment: Ceiling Fan(s), Electric Range, Gas Dryer Hookup, Refrigerator, Electric Oven
  • Fireplace Description: Gas Logs, Kitchen, Living Room
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1498
  • Total Sq Ft: 1498

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 2

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Gas

Lot Info

  • Lot Features: Level
  • Parcel Number: 27848
  • Zoning Specification: GB

Tax Info

  • Tax Value: 91063.00
  • Tax Location: Shelby

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2020
Closed on
Apr 27, 2020
Sold by
Murray Lucas B and Murray Emily J
Bought by
Dean Bonnie G
Seller's Agent
Angelia Peterson
Asheworth Group WNC Real Estate LLC
Buyer's Agent
Tony Adair
Larry Johnson Realty LLC
List Price
$145,000
Sold Price
$144,000
Premium/Discount to List
-$1,000
-0.69%
Current Estimated Value
$245,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,032
Avg. Annual Appreciation
10.01%
Original Mortgage
$141,391
Outstanding Balance
$125,292
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$119,740

Purchase Details

Listed on
Apr 29, 2019
Closed on
Jun 20, 2019
Sold by
Harrelson Zachary D and Harrelson Abigail L
Bought by
Murray Lucas B
Seller's Agent
Erin Roberts
NorthGroup Real Estate LLC
Buyer's Agent
Angelia Peterson
Asheworth Group WNC Real Estate LLC
List Price
$125,000
Sold Price
$127,500
Premium/Discount to List
$2,500
2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.39%
Original Mortgage
$125,190
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 12, 2018
Closed on
Aug 6, 2018
Sold by
Stowers Amanda Gibson
Bought by
Harrelson Zachary D and Pace Abigail L
Seller's Agent
Tracy Whisnant
RE/MAX Select
Buyer's Agent
Non Member
Canopy Administration
List Price
$119,000
Sold Price
$121,000
Premium/Discount to List
$2,000
1.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.20%
Original Mortgage
$122,222
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2012
Sold by
Szabo Anita J
Bought by
Stowers Amanda Gibson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,836
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Dean Bonnie G $144,000 None Available
Murray Lucas B $127,500 None Available
Harrelson Zachary D $121,000 None Available
Stowers Amanda Gibson $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean Bonnie G $141,391
Previous Owner Murray Lucas B $125,190
Previous Owner Harrelson Zachary D $122,222
Previous Owner Stowers Amanda Gibson $91,836
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2020 04/27/20 Sold $144,000 +4.3% $96 / Sq Ft
03/27/2020 03/27/20 Pending -- -- --
03/18/2020 03/18/20 Price Changed $138,000 -3.2% $92 / Sq Ft
03/15/2020 03/15/20 Price Changed $142,500 -1.7% $95 / Sq Ft
02/15/2020 02/15/20 For Sale $145,000 +13.7% $97 / Sq Ft
06/21/2019 06/21/19 Sold $127,500 +2.0% $85 / Sq Ft View Prior Sale
05/01/2019 05/01/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $125,000 +3.3% $83 / Sq Ft
08/06/2018 08/06/18 Sold $121,000 +1.7% $91 / Sq Ft View Prior Sale
06/20/2018 06/20/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $119,000 -- $89 / 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 $1,915 $192,508 $15,540 $176,968
2024 $1,565 $127,766 $11,100 $116,666
2023 $1,557 $127,766 $11,100 $116,666
2022 $1,557 $127,766 $11,100 $116,666
2021 $1,565 $127,766 $11,100 $116,666
2020 $1,154 $91,063 $11,100 $79,963
2019 $1,154 $91,063 $11,100 $79,963
2018 $1,152 $91,063 $11,100 $79,963
2017 $1,124 $91,063 $11,100 $79,963
2016 $1,127 $91,063 $11,100 $79,963
2015 $1,195 $101,840 $9,990 $91,850
2014 $1,195 $101,840 $9,990 $91,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3592786

Canopy MLS (Canopy Realtor® Association)

APN: 27848