NOT LISTED FOR SALE

423 Melody Ln Shelby, NC 28152

Estimated Value: $262,163 - $293,000

4 Beds
2 Baths
1,936 Sq Ft
$143/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $240,000 $124 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,640/month

97 Days on Market

Highlights

  • Ranch Style House
  • Patio
  • Carpet
  • Corner Lot
  • Laundry Room

About This Home

As of May 2022

Well Kept Duplex Close to Shelby and Hwy 74. Each side is currently rented only on a Month to Month. Both Units include Refrigerator and Stove - One Unit has a Washer/Dryer inside - One Unit has the W/D in the utility room in the carport. 2 Car Carport attached. Large Backyard on a Corner Lot. One HVAC is newer and recently serviced. Bring an offer!

Last Agent to Sell the Property

Katie Ingle

Coldwell Banker Mountain View License #261245 Listed on: 02/16/2022

Coldwell Banker Mountain View

Last Buyer's Agent

Jay Rawls

Carolina Homes Connection, LLC License #283055

Carolina Homes Connection, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,113

Year Built

  • Built in 1973

Lot Details

  • 0.45

Parking

  • Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,936 Sq Ft Home
  • Crawl Space
  • Oven
  • Laundry Room

Flooring

  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Graham Elementary School

Additional Features

  • Patio
  • Corner Lot
  • Heat Pump System

Community Details

  • 2 Units
  • Westview Acres Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 23588

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,113

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Ranch
  • Year Built: 1973
  • Ratio Current Price By Acre: 500000.00
  • Road Surface Type: Concrete
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Linoleum
  • Fixture Exception Yn: 0
  • Porch: Patio
  • Room Other: Foyer,Utility
  • Appliances: Oven, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1936
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 968
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 968

Exterior Features

  • New Construction: No
  • Tax Location: Cleveland
  • Construction Type: Site Built
  • Property Features: Porch/Patio,Range/Oven,Refrigerator,Storage Room,W/D Connection
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car, Driveway

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: In Kitchen, Utility Room
  • Water Source: Public

Schools

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

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 23588
  • Zoning Description: R8

Rental Info

  • Rent Includes: None
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.72492

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2

MLS Schools

  • Elementary School: Graham
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
May 24, 2022
Sold by
Craig Ferree Wilton and Craig Duane Jack
Bought by
Celik Nurhan and Gurbuz Gorkem
Seller's Agent
Katie Ingle
Coldwell Banker Mountain View
Buyer's Agent
Jay Rawls
Carolina Homes Connection, LLC
List Price
$275,000
Sold Price
$240,000
Premium/Discount to List
-$35,000
-12.73%
Current Estimated Value
$277,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,791
Avg. Annual Appreciation
4.27%
Original Mortgage
$180,000
Outstanding Balance
$170,607
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$107,184

Purchase Details

Closed on
May 22, 2018
Sold by
Ferree Jack Wilton
Bought by
Ferree Wilton Craig and Ferree Jack Duane
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
Celik Nurhan $240,000 Hinson Faulk
Ferree Wilton Craig -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Celik Nurhan $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $240,000 -4.0% $124 / Sq Ft
04/11/2022 04/11/22 Price Changed $250,000 -9.1% $129 / Sq Ft
02/16/2022 02/16/22 For Sale $275,000 -- $142 / 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 $2,113 $212,338 $24,192 $188,146
2024 $1,796 $144,934 $18,144 $126,790
2023 $1,787 $144,934 $18,144 $126,790
2022 $1,787 $144,934 $18,144 $126,790
2021 $1,796 $144,934 $18,144 $126,790
2020 $1,306 $101,597 $16,934 $84,663
2019 $1,306 $101,597 $16,934 $84,663
2018 $1,304 $101,597 $16,934 $84,663
2017 $1,272 $101,597 $16,934 $84,663
2016 $1,274 $101,597 $16,934 $84,663
2015 $1,500 $126,631 $18,144 $108,487
2014 $1,500 $126,631 $18,144 $108,487
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3830164

Canopy MLS (Canopy Realtor® Association)

APN: 23588