NOT LISTED FOR SALE

406 Belwood Dr Unit 4 Belmont, NC 28012

Estimated Value: $524,807 - $564,000

3 Beds
3 Baths
2,074 Sq Ft
$259/Sq Ft Est. Value

Last Sold February 27, 2023

Last sale price $470,000 $227 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,125/month

1 Day on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Fireplace
  • Belmont Central Elementary School Rated A-
  • No HOA
  • Front Porch

About This Home

As of February 2023

Make plans to come to see this new listing in a desirable, established Belmont neighborhood. Just a few mins from downtown Belmont, you'll find this rustic farmhouse-style brick ranch on .54 of an acre. This is a wonderful place to call home, with multiple updates already done for you, and there's a large sunroom to hang out in. Relax in your rocking chair on the front porch overlooking the yard, there's a generously sized patio, ample parking, and a mostly fenced yard with a backload garage for privacy. In this location, access to the schools, stores, downtown Belmont, the airport, Lake Wylie, restaurants, parks, trails, and so much more is easily attainable. The sunroom has its own heat/ac, via a wall unit.

Last Agent to Sell the Property

Jennifer Simmons

Premier South License #260973 Listed on: 01/21/2023

Last Buyer's Agent

Allyson Burns

Allen Tate Mooresville/Lake Norman License #270720

Allen Tate Mooresville/Lake Norman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,679

Year Built

  • Built in 1983

Lot Details

  • 0.54 Acre Lot
  • Fenced
  • Property is zoned R1

Parking

  • 2 Car Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Ranch Style House
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2,074 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • Entrance Foyer
  • Crawl Space
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Front Porch

Schools

  • Belmont Central Elementary School
  • Belmont Middle School
  • South Point High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Belwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 187870

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,679

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1983
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 226.62
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Cable Prewire, Entrance Foyer
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2074
  • 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
  • Appliances: Dishwasher, Gas Water Heater, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 2074
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Den
  • Living Area: 2074
  • Bedroom Main: 3
  • Room Count: 9
  • Sq Ft Other: 0

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Fenced
  • Construction Type: Brick Full
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Garage, Garage Door Opener, Garage Faces Rear

Utilities

  • Heating: Forced Air, Natural Gas, Wall Furnace
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air, Wall Unit(s)
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Size Area: 0.54
  • Lot Size Units: Acres
  • Parcel Number: 187870
  • Lot Size Acres: 0.54
  • Lot Size Sq Ft: 23522
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

MLS Schools

  • Elementary School: Belmont Central
  • High School: South Point (NC)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2017
Sold by
Henry John H and Henry Tracie K
Bought by
Gibbs Cathy Lynn and Ingram Dewey Jack
Total Days on Market
1
Current Estimated Value
$536,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,525
Outstanding Balance
$213,730
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$328,895

Purchase Details

Closed on
Nov 10, 2003
Sold by
Freeman Jack L and Freeman Corinna A
Bought by
Henry John H and Henry Tracie K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Gibbs Cathy Lynn $250,000 None Available
Henry John H $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibbs Cathy Lynn $40,000
Open Gibbs Cathy Lynn $252,525
Previous Owner Henry John H $98,000
Previous Owner Henry John H $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $470,000 +1.1% $227 / Sq Ft
01/21/2023 01/21/23 For Sale $465,000 -- $224 / 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 $2,679 $375,170 $60,000 $315,170
2024 $2,679 $375,170 $60,000 $315,170
2023 $2,593 $373,100 $60,000 $313,100
2022 $2,261 $245,750 $48,000 $197,750
2021 $2,163 $245,750 $48,000 $197,750
2019 $2,153 $245,750 $48,000 $197,750
2018 $1,977 $217,270 $52,000 $165,270
2017 $1,977 $217,270 $52,000 $165,270
2016 $1,999 $217,270 $0 $0
2014 $1,908 $204,317 $60,000 $144,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3936014

Canopy MLS (Canopy Realtor® Association)

APN: 187870