NOT LISTED FOR SALE

408 Cherry St Unit P/364 Belmont, NC 28012

Estimated Value: $197,000 - $237,000

3 Beds
2 Baths
1,252 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 15, 2019

Last sale price $93,000 $74 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $1,322/month

100 Days on Market

Highlights

  • Traditional Architecture
  • Shed
  • Storm Doors
  • South Point High School Rated A-
  • Stone Flooring
  • Level Lot

About This Home

As of January 2019

Fixer upper, make it like new again. Be careful walking inside, the floor has buckled very uneven. The first bedroom is small has no closet, the loft/bedroom has no closet. Power is now on. There are issues under the house. The drive to the right of the house does not go with the house. Buyer will need to get a permit from Mt Holly planning and have one put in.
Lots of potential for this foreclosed home, sold "as is" seller will do no repairs. Outside building needs work also.
Be careful walking in the house as the laminate flooring has buckled. * Buyer to pay a $350.00 transaction fee.*
Sold as is seller will not do any repairs. Sold "As Is"
Nice wrap around front porch.

Last Agent to Sell the Property

Sandy Pilson

S Pilson Realty License #168396 Listed on: 09/12/2018

Last Buyer's Agent

Derek Wilson

Wilson Realty and Renovation L License #285871

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.41

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1.5-Story Property
  • Crawl Space
  • Storm Doors

Flooring

  • Carpet
  • Laminate
  • Stone

Additional Features

  • Shed
  • Level Lot
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 181917

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.93093
  • Ratio Close Price By Original Li: 0.66476
  • Ratio Current Price By Acre: 226829.27
  • Ratio Current Price By Sq Ft: 74.28
  • Year Built: 1930
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Block, Crawl Space
  • Upper Level Sq Ft: 100
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Doors and Windows: Storm Door(s), Storm Window(s)
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Electric Range, Exhaust Fan, Microwave, Refrigerator, Washer, Electric Oven
  • Flooring: Carpet, Laminate Wood, Stone
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1152
  • Total Sq Ft: 1252

Exterior Features

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

Garage/Parking

  • Driveway: Gravel
  • Parking: Parking Space - 2

Utilities

  • Heating: Gas Hot Air Furnace, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Natural Gas

Lot Info

  • Lot Dimension: 90x200
  • Lot Features: Level
  • Parcel Number: 181917
  • Plat Reference Section Pages: 005/012
  • Zoning Specification: Resident

Tax Info

  • Tax Value: 77203.00
  • Tax Location: Mt Holly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Jan 10, 2019
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Clark Martin and Clark Earnest
Seller's Agent
Sandy Pilson
S Pilson Realty
Buyer's Agent
Derek Wilson
Wilson Realty and Renovation L
List Price
$109,000
Sold Price
$93,000
Premium/Discount to List
-$16,000
-14.68%
Current Estimated Value
$220,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,966
Avg. Annual Appreciation
13.59%

Purchase Details

Closed on
Aug 14, 2018
Sold by
G2 Tax Investments Llc
Bought by
Wilmington Savings Fund Society Fsb and Residential Credit Opportunities Trust

Purchase Details

Closed on
Jul 13, 2009
Sold by
Brown Katheryne R
Bought by
Metzler Alicia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,688
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 18, 2008
Sold by
Federal National Mortgage Association
Bought by
Brown Katheryne R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,111
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2007
Sold by
Ledford Michael and Ledford Gina
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 4, 1999
Sold by
Staton Harvey Owen and Staton Vickie D
Bought by
Ledford Michael and Ledford Gina
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
Clark Martin $93,000 None Available
Wilmington Savings Fund Society Fsb $100,000 None Available
Metzler Alicia A $114,500 None Available
Brown Katheryne R -- None Available
Federal National Mortgage Association $85,323 None Available
Ledford Michael $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Metzler Alicia A $116,688
Previous Owner Brown Katheryne R $50,111
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2019 01/15/19 Sold $93,000 -6.9% $74 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
11/28/2018 11/28/18 Price Changed $99,900 -8.3% $80 / Sq Ft
11/16/2018 11/16/18 For Sale $109,000 0.0% $87 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
11/01/2018 11/01/18 Price Changed $109,000 -8.4% $87 / Sq Ft
10/03/2018 10/03/18 Price Changed $119,000 -14.9% $95 / Sq Ft
09/12/2018 09/12/18 For Sale $139,900 -- $112 / 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 $1,991 $198,340 $25,000 $173,340
2024 $1,991 $198,340 $25,000 $173,340
2023 $2,013 $198,340 $25,000 $173,340
2022 $1,376 $106,220 $16,500 $89,720
2021 $1,397 $106,220 $16,500 $89,720
2019 $1,407 $106,220 $16,500 $89,720
2018 $1,081 $77,203 $14,400 $62,803
2017 $1,081 $77,203 $14,400 $62,803
2016 $673 $77,301 $0 $0
2014 $543 $62,390 $13,500 $48,890
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3433622

Canopy MLS (Canopy Realtor® Association)

APN: 181917