NOT LISTED FOR SALE

506 E Marion St Unit 4 Shelby, NC 28150

Estimated Value: $466,429 - $740,000

2 Beds
1 Bath
900 Sq Ft
$680/Sq Ft Est. Value

Highlights

  • Lawn
  • Laundry Room
  • Ceiling Fan
  • Jefferson Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of October 2023

Located within a short walk or drive to "Uptown" Shelby come and enjoy this fully renovated five unit apartment building. This fully renovated building still maintains a lot of the original charm boasting large bedrooms and living spaces to provide adequate room to enjoy along with being fully renovated to include new wiring, HVAC's, stainless appliances, flooring, cabinets, and everything else to modern standards and for new tenants. Each unit also includes a washer and dryer, lawn care, and water and sewer in the rent as well. Call to schedule your tour today.

Last Agent to Rent the Property

Matt Kalnen

My Home CLT Brokerage Email: matt@myhomeclt.net License #296103 Listed on: 09/06/2023

Last Renter's Agent

Matt Kalnen

My Home CLT Brokerage Email: matt@myhomeclt.net License #296103 Listed on: 09/06/2023

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,990

Year Built

  • Built in 1951

Lot Details

  • Level Lot
  • Lawn

Parking

  • Parking Lot

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 900 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Vinyl Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 9/12/23
  • Tenant pays for all except water
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 18595

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,990

Year Built

Built in 1951

Lot Details

0

Rental Info

  • Tenant Pays: All except water
  • Furnished: Unfurnished
  • Pets Allowed: Conditional
  • Smoking Allowed Yn: 0
  • Lease Term: 12 Months
  • Available Date: 2023-09-12

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Year Built: 1951
  • Road Surface Type: Gravel
  • Unit Levels: Two
  • ResoPropertyType: ResidentialLease
  • Ratio CurrentPrice/TotalPropertyHLA: 1.44
  • Geocode Confidence: High
  • Attribution Contact: matt@myhomeclt.net
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Entry Level: 2
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Attic Other, Pantry
  • Main Level Sq Ft: 900
  • Sq Ft Unheated Total: 0
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 900
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 900
  • Bedroom Main: 2
  • Room Count: 6

Exterior Features

  • Exterior Features: Lawn Maintenance
  • Roof: Shingle
  • Waterfront Features: None
  • Patio And Porch Features: Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: In Hall, Main Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Street Lights
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 18595
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2021
Sold by
Willis Property Rentals Llc
Bought by
Power Investment Group Llc
Current Estimated Value
$612,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2018
Sold by
Willis Jerry T and Willis Sybil B
Bought by
Willis Property Rentals Llc
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
Power Investment Group Llc $130,000 None Available
Willis Property Rentals Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Power Investment Group Llc $560,000
Closed Power Investment Group Llc $185,000
Closed Power Investment Group Llc $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2023 10/03/23 Rented $1,300 0.0% --
09/06/2023 09/06/23 For Rent $1,300 -- --
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 $4,990 $501,550 $152,337 $349,213
2024 $4,675 $377,622 $42,777 $334,845
2023 $4,652 $377,622 $42,777 $334,845
2022 $824 $58,339 $42,777 $15,562
2021 $960 $58,339 $42,777 $15,562
2020 $844 $62,024 $39,110 $22,914
2019 $881 $62,024 $39,110 $22,914
2018 $8 $62,024 $39,110 $22,914
2017 $855 $62,024 $39,110 $22,914
2016 $848 $62,024 $39,110 $22,914
2015 $1,186 $94,658 $39,110 $55,548
2014 $1,186 $94,658 $39,110 $55,548
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4066548

Canopy MLS (Canopy Realtor® Association)

APN: 18595