NOT LISTED FOR SALE

285 Cherokee Ln Salisbury, NC 28147

Estimated Value: $268,000 - $312,000

3 Beds
2.5 Baths
1,621 Sq Ft
$175/Sq Ft Est. Value

Last Sold November 24, 2021

Last sale price $205,000 $126 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,591/month

69 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Attached Garage
  • Transitional Architecture
  • Corner Lot
  • 4-minute walk to Salisbury Community Park

About This Home

As of November 2021

Welcome to 285 Cherokee Lane! This 3 bedroom, 2.5 bath is located in a established no HOA neighborhood! A great corner lot home that has a covered front porch, large backyard (fenced) with patio, in ground pool, pool house/shed that is wired! Home has den/bonus living area great for entertaining or could be used for office. Oversize laundry room on main floor. All bathrooms have been updated, hardwood floors throughout! Home has a lot of great potential inside and out. Home to be sold "as is" seller will consider buyer credit at closing in lieu of repairs with an acceptable offer. When showing, please abide by all COVID-19 CDC guidelines. Please submit all offer with pre-approval or proof funds.

Last Agent to Sell the Property

Tika Turner

Topnotch Realty Carolinas LLC License #291541 Listed on: 08/11/2021

Last Buyer's Agent

Lilian Reyes

USA Realty License #212085

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 133x163x96x43x91
  • Corner Lot
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Transitional Architecture
  • Split Level Home

Flooring

  • Wood
  • Linoleum
  • Laminate

Attic

  • Attic Fan

Outdoor Features

  • In Ground Pool
  • Shed

Schools

  • Hurley Elementary School
  • West Rowan Middle School
  • West Rowan High School

Additional Features

  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 453A092

Home Details

Home Type

Single Family

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: Split Level
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.02500
  • Ratio Close Price By Original Li: 1.02500
  • Ratio Current Price By Acre: 554054.05
  • Ratio Current Price By Sq Ft: 126.47
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 621
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Doors and Windows: Storm Window(s)
  • Equipment: Dishwasher, Electric Oven, Electric Range, Exhaust Hood
  • Flooring: Laminate Tile, Linoleum, Wood
  • Interior Amenities: Attic Fan
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1000
  • Total Sq Ft: 1621

Exterior Features

  • Construction: Brick Partial, Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Pool-In-Ground, Shed(s)

Garage/Parking

  • Driveway: Asphalt
  • Parking: Attached Garage, Driveway, Garage - 2 Car
  • Sq Ft Garage: 442

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Middle Or Junior School: West Rowan

Lot Info

  • Lot Dimension: 133x163x96x43x91
  • Lot Features: Corner Lot, Level
  • Parcel Number: 453A092
  • Zoning Specification: RES

Tax Info

  • Tax Value: 126394.00
  • Tax Location: Salisbury

MLS Schools

  • Elementary School: Hurley
  • High School: West Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Nov 24, 2021
Sold by
Smith Merv Emery and Smith Angela Cornelius
Bought by
Reyna Marcelina Lopez
Seller's Agent
Tika Turner
Topnotch Realty Carolinas LLC
Buyer's Agent
Lilian Reyes
USA Realty
List Price
$200,000
Sold Price
$205,000
Premium/Discount to List
$5,000
2.5%
Current Estimated Value
$284,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,131
Avg. Annual Appreciation
8.14%
Original Mortgage
$194,750
Outstanding Balance
$178,975
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$105,156

Purchase Details

Closed on
Mar 23, 1998
Bought by
Smith Merv E and Smith Wf
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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Purchase History

Date Buyer Sale Price Title Company
Reyna Marcelina Lopez $205,000 None Available
Smith Merv E $89,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyna Marcelina Lopez $194,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2021 11/24/21 Sold $205,000 +2.5% $126 / Sq Ft
10/19/2021 10/19/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $200,000 -2.4% $123 / Sq Ft
09/06/2021 09/06/21 Off Market $205,000 -- --
08/11/2021 08/11/21 For Sale $200,000 -- $123 / 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 $1,391 $205,335 $30,000 $175,335
2024 $1,391 $205,335 $30,000 $175,335
2023 $1,391 $205,335 $30,000 $175,335
2022 $954 $126,394 $21,500 $104,894
2021 $945 $126,394 $21,500 $104,894
2020 $945 $126,394 $21,500 $104,894
2019 $945 $126,394 $21,500 $104,894
2018 $827 $111,582 $21,500 $90,082
2017 $827 $111,582 $21,500 $90,082
2016 $827 $111,582 $21,500 $90,082
2015 $837 $111,582 $21,500 $90,082
2014 $814 $113,816 $20,000 $93,816
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3772800

Canopy MLS (Canopy Realtor® Association)

APN: 453-A092