NOT LISTED FOR SALE

503 Spring St Cherryville, NC 28021

Estimated Value: $368,000 - $476,532

3 Beds
2.5 Baths
3,057 Sq Ft
$144/Sq Ft Est. Value

Last Sold December 13, 2021

Last sale price $415,000 $136 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,664/month

2 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Wood Burning Fireplace
  • Ranch Style House
  • Walk-In Closet

About This Home

As of December 2021

Updated brick ranch with second living quarters and large in-ground salt water pool. So many upgrades through out this spacious home. Large eat in kitchen with separate dining area, update plumbing though out in 2019, tankless hot water heater, custom in-ground salt water pool, renovated custom bathrooms with upgraded tile and fixtures, stainless steel appliances in both kitchens, new flooring in basement. Basement area leads out to beautiful well manicured lawn and pool area that is perfect for entertaining. Second kitchen in basement perfect for pool parties. This home sits on over an acre lot in a well established neighborhood. A must see and many more upgrades throughout.

Last Agent to Sell the Property

Kimberly Beam

The Agency Real Estate Group License #273468 Listed on: 11/09/2021

The Agency Real Estate Group

Last Buyer's Agent

Rachel Cartner

Premier South License #317659

Premier South

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 1.04

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Wood Burning Fireplace
  • Window Treatments
  • Den with Fireplace
  • Crawl Space

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Pool

  • In Ground Pool

Schools

  • Cherryville Elementary And Middle School
  • Cherryville High School

Listing and Financial Details

  • Assessor Parcel Number 130852

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 1.04010
  • Ratio Close Price By Original Li: 1.04010
  • Ratio Current Price By Acre: 399038.46
  • Ratio Current Price By Sq Ft: 135.75
  • Year Built: 1960
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance, Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Doors and Windows: g-Insulated Door(s)
  • Equipment: Ceiling Fan(s), Convection Oven, Cooktop Electric, Electric Dryer Hookup, Microwave, Refrigerator, Wall Oven
  • Fireplace Description: Den, Living Room, Wood Burning
  • Fireplace: Yes
  • Fixture Exception Description: basement refrigerator
  • Fixture Exception Yn: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Walk-In Closet(s), Window Treatments
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Basement: 782
  • Main Level Sq Ft: 2275
  • Total Sq Ft: 3057
  • Sq Ft Unheated Basement: 803
  • Sq Ft Unheated Total: 803

Exterior Features

  • Construction: Brick Full, Wood
  • Construction Type: Site Built
  • Exterior Features: Pool-In-Ground

Garage/Parking

  • Driveway: Concrete
  • Parking: Carport - 1 Car, Parking Space - 2

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: g-On-Demand Water Heater

Schools

  • Elementary School: Cherryville
  • Middle School: Cherryville
  • High School: Cherryville
  • Middle Or Junior School: Cherryville

Lot Info

  • Lot Dimension: 1.04
  • Lot Size Area: 1.040
  • Parcel Number: 130852
  • Zoning Specification: R1

Tax Info

  • Tax Value: 203330.00
  • Tax Location: Cherryville

MLS Schools

  • Elementary School: Cherryville
  • High School: Cherryville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Dec 13, 2021
Sold by
Michael Bennett Kevin and Freeman Lutricia
Bought by
Smith Phillip Alan and Smith Audrey Luann
Seller's Agent
Kimberly Beam
The Agency Real Estate Group
Buyer's Agent
Rachel Cartner
Premier South
List Price
$399,000
Sold Price
$415,000
Premium/Discount to List
$16,000
4.01%
Current Estimated Value
$440,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,883
Avg. Annual Appreciation
1.57%
Original Mortgage
$373,500
Outstanding Balance
$342,920
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$97,963

Purchase Details

Closed on
Jun 9, 2008
Sold by
Homesley Albert B and Homesley Susan L
Bought by
Bennett Kevin Michael and Bennett Lutricia Freeman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,875
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2004
Sold by
Davis Jack D
Bought by
Homesley Albert B and Homesley Susan L

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
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2004
Sold by
Davis Jacqueline W and Davis Jack D
Bought by
Davis Jack D

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
6.01%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Smith Phillip Alan $415,000 Taylor Law Pllc
Bennett Kevin Michael $195,000 First American Charlotte
Homesley Albert B $160,000 --
Davis Jack D $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Phillip Alan $373,500
Previous Owner Bennett Kevin Michael $182,875
Previous Owner Homesley Albert B $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $415,000 +4.0% $136 / Sq Ft
11/11/2021 11/11/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $399,000 -- $131 / 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 $4,227 $391,730 $16,710 $375,020
2024 $4,227 $391,730 $16,710 $375,020
2023 $4,270 $391,730 $16,710 $375,020
2022 $3,049 $229,250 $16,710 $212,540
2021 $2,745 $203,330 $16,710 $186,620
2019 $2,643 $203,330 $16,710 $186,620
2018 $2,418 $181,783 $18,330 $163,453
2017 $2,418 $181,783 $18,330 $163,453
2016 $2,418 $181,783 $0 $0
2014 $2,196 $165,081 $22,800 $142,281
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3804654

Canopy MLS (Canopy Realtor® Association)

APN: 130852