NOT LISTED FOR SALE

3287 Fallston Rd Unit 9 Shelby, NC 28150

Estimated Value: $286,000 - $389,000

20.55 Acres
$15,951 Price per Acre
895,158 Sq Ft Lot

Last Sold May 02, 2022

Last sale price $240,500

Est. 36% increase in value since last sale

Current estimated payment $1,887/month

332 Days on Market

Highlights

  • Barn
  • Corner Lot
  • Crops
  • Wooded Lot

About This Lot

As of May 2022

This property is conveniently located on Fallson Road / Hwy 18. Approximately 20 Acres which can be used for farming or commercial use. Approximately 5 Acres has Pine that is ready to harvest and there are another few acres of trees on the back of the property, and approximately 4 + acres are currently being farmed. The property includes 2 barns and a few storage buildings. There is also a rental house on the property selling which is approximately 1000 square feet and it is currently rented. Rental house and buildings selling AS-IS. Roofs on the rental house and some of the storage buildings were replaced in 2011. It is located within walking distance to the cattle auction. New highway being built not too far down the road. The picture is an approximation of the property lines.

Last Agent to Sell the Property

Debora Negrut

Buy From Me Realty Inc License #366306 Listed on: 06/04/2021

Last Buyer's Agent

Donna Stoeling

Metrolina Realty Company Inc License #244252

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,788

Lot Details

  • Property fronts a private road
  • Corner Lot
  • Wooded Lot
  • Possible uses of the property include Cattle, Commercial, Dairy, Farm, Gardening, Horses, Industry, Log, Multi-Family, Orchard, Pasture/Grazing, Poultry, Private Estate, Residential, Subdevelopment, Tree Farm/Timber, Vegetable/Truck Farm

Schools

  • Fallston Elementary School
  • Burns Middle School
  • Burns High School

Farming

  • Barn
  • Crops

Utilities

  • Septic Equal To The Number Of Bedrooms: 2
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 24514

Property Details

Property Type

Land

Est. Annual Taxes

$1,788

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: Yes
  • Ratio Current Price By Acre: 12025.00
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Road Frontage Type: City Street, Gravel Road, Private Road
  • Structure Type: Acreage
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Cattle, Commercial, Dairy, Farm, Gardening, Horses, Industry, Log, Multi-Family, Orchard, Pasture/Grazing, Poultry, Private Estate, Residential, Subdevelopment, Tree Farm/Timber, Vegetable/Truck Farm

Exterior Features

  • Exterior Features: Barn(s)
  • Tax Location: Shelby
  • Construction Type: Site Built
  • Wooded Acres: 5.00

Utilities

  • Sewer: Septic Installed
  • Bedrooms Septic: 2
  • Utilities: Electricity Available, Telephone On-Site
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Corner Lot, Crops, Wooded, Wooded
  • Lot Size Area: 20
  • Lot Size Units: Acres
  • Parcel Number: 24514
  • Out Buildings Yn: 1
  • Zoning Description: Resident

Tax Info

  • RATIO List Price By Tax Amount: 1.50991

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Fallston School
  • High School: Burns

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Apr 13, 2022
Sold by
Annie Negrut Irrevocable Trust
Bought by
Miller Cortez and Miller Jameese
Seller's Agent
Debora Negrut
Buy From Me Realty Inc
Buyer's Agent
Donna Stoeling
Metrolina Realty Company Inc
List Price
$260,000
Sold Price
$240,500
Premium/Discount to List
-$19,500
-7.5%
Current Estimated Value
$327,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,291
Avg. Annual Appreciation
9.36%
Original Mortgage
$288,105
Outstanding Balance
$272,662
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$55,129

Purchase Details

Closed on
Nov 26, 2008
Sold by
Negrut Lilu and Negrut Annie
Bought by
Negrut Laurentiu and Negrut Emanuel
Source: Public Records

Range of Values:

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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
Miller Cortez $310,000 Investors Title
Negrut Laurentiu $500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Cortez $288,105
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $240,500 -7.5% --
06/04/2021 06/04/21 For Sale $260,000 -- --
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 $1,788 $281,496 $206,302 $75,194
2024 $1,584 $189,196 $157,525 $31,671
2023 $1,525 $189,196 $157,525 $31,671
2022 $1,267 $150,091 $132,525 $17,566
2021 $1,525 $172,196 $138,025 $34,171
2020 $1,555 $170,161 $138,025 $32,136
2019 $1,555 $170,161 $138,025 $32,136
2018 $1,547 $170,161 $138,025 $32,136
2017 $1,539 $170,161 $138,025 $32,136
2016 $1,468 $170,161 $138,025 $32,136
2015 $1,444 $172,549 $130,080 $42,469
2014 $1,530 $172,549 $130,080 $42,469
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3748030

Canopy MLS (Canopy Realtor® Association)

APN: 24514