NOT LISTED FOR SALE

502 River Rd Selma, NC 27576

Estimated Value: $214,000 - $245,015

3 Beds
2 Baths
2,189 Sq Ft
$105/Sq Ft Est. Value

Last Sold January 18, 2023

Last sale price $213,000 $97 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,457/month

36 Days on Market

Highlights

  • Contemporary Architecture
  • Landscaped with Trees
  • Private Driveway
  • No HOA
  • Central Air
  • Carpet

About This Home

As of January 2023

Nice split-level with large family room (basement), tiled bathrooms and appliances included along with washer and dryer. House is located close to downtown Selma with easy access to I-95, I-40 and Hwy 70. It's also minutes away from Smithfield outlets! Corner lot in quite neighborhood with plenty of foliage for shade during hot summer months. Front yard is fenced so your furry loved ones have a place to play. The large family room opens to a nice covered patio where you can entertain your not so furry friends. Hot water heater, siding, HVAC, roof and all windows replaced in 2018! Storage shed to convey. Don't wait, this house will be gone in a flash! SELLER OFFERING A $5000 flooring allowance and complementary professional cleaning at time of closing!

Last Agent to Sell the Property

Graham Mott

MV Realty of North Carolina LL License #332062 Listed on: 11/15/2022

Last Buyer's Agent

Devin Sullivan

Costello Real Estate & Investm License #308858

Costello Real Estate & Investm

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,399

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot
  • Landscaped with Trees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,189 Sq Ft Home
  • 1.5-Story Property

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Heated Basement
  • Interior Basement Entry

Parking

  • Private Driveway
  • On-Street Parking

Schools

  • Selma Elementary And Middle School
  • Smithfield Selma High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 12 Oaks Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,399

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Year Built: 1973
  • Prop. Type: Residential
  • Subdivision Name: 12 Oaks
  • Above Grade Finished Sq Ft: 2189.0
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Multi/Split, One and One Half
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: 13068
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Flooring Carpet: Yes
  • Lot Features Hardwood Trees: Yes
  • Flooring Laminate: Yes
  • Levels One and One Half: Yes
  • Architectural Style Contemporary: Yes
  • Levels MultiSplit: Yes
  • Basement Heated3: Yes
  • General Property Information Above Grade Finished Area: 2189.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 13068.0
  • General Property Information Lot Size Acres: 0.3
  • General Property Information:Living Area3: 2189.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Laminate
  • Basement: Heated, Interior Entry
  • Appliances: Gas Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Appliances:Gas Water Heater: Yes
  • Basement:Interior Entry: Yes

Exterior Features

  • Acres: 0.3
  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, On Street
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:On Street: Yes

Utilities

  • Heating: Heat Pump, Natural Gas
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Johnston - Smithfield Selma
  • Middle Or Junior School: Johnston - Selma

Lot Info

  • Lot Dimensions: 13068
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1399.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Johnston - Selma

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2022
Closed on
Jan 18, 2023
Sold by
Grim Robert Lee and Grim Sabrina Leigh
Bought by
Massing Jacob Michael and Rabitz Taylor Jordan
Seller's Agent
Graham Mott
MV Realty of North Carolina LL
Buyer's Agent
Devin Sullivan
Costello Real Estate & Investm
List Price
$225,000
Sold Price
$213,000
Premium/Discount to List
-$12,000
-5.33%
Views
45
Current Estimated Value
$239,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,089
Avg. Annual Appreciation
2.59%
Original Mortgage
$206,610
Outstanding Balance
$199,900
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$29,604

Purchase Details

Closed on
Jan 14, 2021
Sold by
Grim Robert and Grim Sabrina L
Bought by
Grim Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,900
Interest Rate
2.71%
Mortgage Type
VA

Purchase Details

Closed on
Sep 12, 2018
Sold by
K Scope Properties Llc
Bought by
Grim Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Listed on
Nov 21, 2017
Closed on
Dec 15, 2017
Sold by
Bank Of New York Mellon
Bought by
K Scope Properties Llc
Seller's Agent
Andrea Williams
KB Investments & Realty LLC
Buyer's Agent
A Non Member
A Non Member
List Price
$60,000
Sold Price
$36,000
Premium/Discount to List
-$24,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.13%

Purchase Details

Listed on
Nov 21, 2017
Closed on
Oct 31, 2017
Sold by
Ellis Susan and Mccullers Charles
Bought by
The Bank Of New York Mellon and The Bank Of New York
Seller's Agent
Andrea Williams
KB Investments & Realty LLC
Buyer's Agent
A Non Member
A Non Member
List Price
$60,000
Sold Price
$36,000
Premium/Discount to List
-$24,000
-40%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Massing Jacob Michael $213,000 --
Grim Robert -- Servicelink East Escrow
Grim Robert $145,000 None Available
K Scope Properties Llc $36,000 None Available
The Bank Of New York Mellon $57,033 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massing Jacob Michael $206,610
Previous Owner Grim Robert $147,900
Previous Owner Grim Robert $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2023 12/14/23 Off Market $213,000 -- --
01/18/2023 01/18/23 Sold $213,000 -3.2% $97 / Sq Ft
12/21/2022 12/21/22 Pending -- -- --
12/13/2022 12/13/22 Price Changed $220,000 -2.2% $101 / Sq Ft
11/15/2022 11/15/22 For Sale $225,000 +525.0% $103 / Sq Ft
12/28/2017 12/28/17 Sold $36,000 -40.0% $16 / Sq Ft View Prior Sale
12/07/2017 12/07/17 Pending -- -- --
11/21/2017 11/21/17 For Sale $60,000 -- $27 / Sq Ft
Source: Doorify MLS

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 $2,404 $214,610 $34,500 $180,110
2024 $1,336 $105,200 $11,500 $93,700
2023 $1,357 $105,200 $11,500 $93,700
2022 $1,399 $105,200 $11,500 $93,700
2021 $1,378 $105,200 $11,500 $93,700
2020 $1,399 $105,200 $11,500 $93,700
2019 $1,368 $105,200 $11,500 $93,700
2018 $0 $93,100 $11,380 $81,720
2017 $601 $93,100 $11,380 $81,720
2016 $601 $93,100 $11,380 $81,720
2015 $601 $93,100 $11,380 $81,720
2014 $601 $93,100 $11,380 $81,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2485121

Doorify MLS

APN: 14002011A