NOT LISTED FOR SALE

498 Washington St Cramerton, NC 28032

Estimated Value: $240,000 - $263,759

3 Beds
1 Bath
1,375 Sq Ft
$185/Sq Ft Est. Value

Last Sold April 25, 2024

Last sale price $205,000 $149 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,528/month

56 Days on Market

Highlights

  • Deck
  • Cottage
  • Laundry Room
  • New Hope Elementary School Rated 10
  • Porch
  • 3-minute walk to Central Park

About This Home

As of April 2024

Back on the market and priced to be sold "as is". See attached reports. Charming retreat in the heart of Cramerton! Inside find a tastefully updated kitchen featuring granite counters and ample cabinet space. New interior paint throughout most of the home and new tile in the bathroom and tankless water heater. Spacious Living and Dining Rooms perfect for entertaining. Outside, the large fenced backyard beckons with a deck and shed offering convenience and space for outdoor activities with storage. Parking is a breeze with a 3-car parking pad. Embrace the outdoors with nearby recreational opportunities at Goat Island and the South Fork River, where you can enjoy disc golf, kayak launches, ping pong, cornhole, and a dedicated dog park for your furry friends. Conveniently located near shopping, Belmont restaurants, and I85, this charming cottage offers the ideal blend of comfort, convenience, and outdoor enjoyment. Fridge conveys with the home. Fireplace sold as-is with no known issues.

Last Agent to Sell the Property

Jason Culbreth

Helen Adams Realty Brokerage Email: jason@teamculbreth.com License #168321 Listed on: 02/01/2024

Helen Adams Realty

Last Buyer's Agent

Michael Turner

ERA Live Moore License #315579

ERA Live Moore

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • Property is Fully Fenced
  • Chain Link Fence
  • Property is zoned R1

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Gas Range
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • 3 Open Parking Spaces

Outdoor Features

  • Deck
  • Shed
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Burlington Mills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 195049

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1924
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 149.09
  • Geocode Confidence: High
  • Attribution Contact: jason@teamculbreth.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1375
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 351
  • Sq Ft Unheated Total: 351
  • Sq Ft Upper: 0
  • Appliances: Gas Range, Refrigerator
  • Above Grade Finished Sq Ft: 1375
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1375
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Roof: Fiberglass
  • Construction Type: Site Built
  • Fencing: Chain Link, Full
  • Construction Type: Vinyl
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 195049
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2024
Closed on
Apr 15, 2024
Sold by
Cheek Tina Kim
Bought by
Jackson Larry Leo and Holsey Vera Jean
Seller's Agent
Jason Culbreth
Helen Adams Realty
Buyer's Agent
Michael Turner
ERA Live Moore
List Price
$25,900
Sold Price
$205,000
Premium/Discount to List
$179,100
691.51%
Views
238
Current Estimated Value
$254,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,690
Avg. Annual Appreciation
13.62%
Original Mortgage
$207,000
Outstanding Balance
$203,728
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$50,962

Purchase Details

Closed on
Jun 10, 2016
Sold by
Ashe Cynthia Ann
Bought by
Cheek Tina Kim

Purchase Details

Closed on
Sep 22, 2008
Sold by
Wells Fargo Bank Na
Bought by
Ashe Wesley and Ashe Ann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2008
Sold by
Hoffman Rhonda R and Hoffman Fred
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Aug 26, 2004
Sold by
The Bank Of New York
Bought by
Hoffman Fred

Purchase Details

Closed on
Feb 17, 2004
Sold by
Locklear Linda S and Locklear Edward T
Bought by
The Bank Of New York

Purchase Details

Closed on
May 22, 2001
Sold by
King Tony D and King Karen O
Bought by
Locklear Edward T and Locklear Linda S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Interest Rate
7.02%

Purchase Details

Closed on
Nov 9, 2000
Sold by
Mcintosh Richard Earl and Mcintosh Angelia
Bought by
King Tony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,973
Interest Rate
7.93%
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
Jackson Larry Leo $205,000 Integrated Title
Cheek Tina Kim $111,500 None Available
Ashe Wesley $55,000 None Available
Wells Fargo Bank Na $60,327 None Available
Hoffman Fred $46,000 --
The Bank Of New York $69,018 --
Locklear Edward T $75,000 --
King Tony D $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Larry Leo $207,000
Previous Owner Ashe Wesley $49,500
Previous Owner Locklear Edward T $71,250
Previous Owner King Tony D $53,973
Closed Locklear Edward T $10,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2024 04/25/24 Sold $205,000 -2.4% $149 / Sq Ft
03/21/2024 03/21/24 Price Changed $210,000 -8.3% $153 / Sq Ft
03/01/2024 03/01/24 Price Changed $229,000 +784.2% $167 / Sq Ft
02/01/2024 02/01/24 For Sale $25,900 -- $19 / 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 $2,347 $228,100 $24,000 $204,100
2024 $2,329 $228,100 $24,000 $204,100
2023 $2,377 $225,270 $24,000 $201,270
2022 $1,601 $124,560 $18,000 $106,560
2021 $1,626 $124,560 $18,000 $106,560
2019 $1,638 $124,560 $18,000 $106,560
2018 $1,198 $89,063 $18,000 $71,063
2017 $1,198 $89,063 $18,000 $71,063
2016 $1,198 $89,063 $0 $0
2014 -- $79,098 $22,500 $56,598
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4103086

Canopy MLS (Canopy Realtor® Association)

APN: 195049