$242,000
SOLD APR 30, 2025

507 Rector Ave SE Valdese, NC 28690

4 Beds
3 Baths
3,073 Sq Ft
1.26 Acres

Recently Sold

$79 Per Sq Ft

7% Below List Price

5 Days on Market

Highlights

  • Covered Patio or Porch
  • 2 Car Attached Garage
  • Tile Flooring
  • Heritage Middle School Rated A-
  • Laundry Room
  • Central Air

About This Home

As of April 2025

**Investor's Opportunity!** Don’t miss out on this rare chance to invest in a property with incredible potential! Situated on a large lot, totaling 1.26-acres, this home is primed for a full renovation to maximize its value. With an after-repair value (ARV) of over $450,000+, this property offers the potential for excellent returns once completed. Boasting over 3,000 sq. ft., the home includes 4 spacious bedrooms, 3 large bathrooms, and convenient washer/dryer hookups on both the main and upper levels. The expansive layout provides the perfect foundation for a modern makeover, and the large kitchen is ready to be transformed into a culinary enthusiasts dream! The additional parcel adds significant value, offering options for further development, or outdoor living spaces. Whether you want to enhance the property with more development or simply enjoy the added privacy, this oversized lot presents endless possibilities. Act fast and schedule your showing today!

Last Agent to Sell the Property

Hannah Fox

The Pinnacle Property Group NC Brokerage Email: hannah@nctruenorthrealty.com Listed on: 04/04/2025

Last Buyer's Agent

Stephanie Mora

Realty Executives of Hickory License #321205

Realty Executives of Hickory

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • Additional Parcels
  • Property is zoned R-3

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Outdoor Features

  • Covered Patio or Porch

Schools

  • Valdese Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 14472

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1977
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 78.75
  • Geocode Confidence: High
  • Attribution Contact: hannah@nctruenorthrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2177
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 896
  • Appliances: Dishwasher, Electric Oven, Electric Range, Exhaust Hood
  • Above Grade Finished Sq Ft: 3073
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 3073
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Main Level, Upper Level
  • Cooling: Central Air, Heat Pump
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 14472
  • Plat Book Slide: 5/89
  • Additional Parcels Description: 2743122025
  • Additional Parcels: Yes
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-3

MLS Schools

  • Elementary School: Valdese
  • High School: Jimmy C Draughn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2025
Closed on
Apr 30, 2025
Sold by
Martinez Anaya Alejandro and Chavez Rodriguez Lorena
Bought by
Mora Reyes Marco Antonio and Herna Escalante Ivette
Seller's Agent
Hannah Fox
The Pinnacle Property Group NC
Buyer's Agent
Stephanie Mora
Realty Executives of Hickory
List Price
$259,000
Sold Price
$242,000
Premium/Discount to List
-$17,000
-6.56%
Views
31
Current Estimated Value
$257,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,644
Avg. Annual Appreciation
9.65%
Original Mortgage
$193,600
Outstanding Balance
$192,917
Interest Rate
6.67%
Mortgage Type
Seller Take Back
Estimated Equity
$64,727
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 Type Sale Price Title Company
Warranty Deed $242,000 None Listed On Document
Warranty Deed $242,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $193,600 Seller Take Back
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2025 04/30/25 Sold $242,000 -6.6% $79 / Sq Ft
04/04/2025 04/04/25 For Sale $259,000 -- $84 / 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 $3,009 $255,088 $22,276 $232,812
2024 $3,020 $300,173 $22,276 $277,897
2023 $3,315 $300,173 $22,276 $277,897
2022 $1,806 $247,986 $14,020 $233,966
2021 $1,800 $247,986 $14,020 $233,966
2020 $1,796 $247,986 $14,020 $233,966
2019 $1,796 $247,986 $14,020 $233,966
2018 $1,538 $210,872 $14,020 $196,852
2017 $1,536 $210,872 $14,020 $196,852
2016 $1,499 $210,872 $14,020 $196,852
2015 $1,496 $210,872 $14,020 $196,852
2014 $1,495 $210,872 $14,020 $196,852
2013 $1,495 $210,872 $14,020 $196,852
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4242038

Canopy MLS (Canopy Realtor® Association)

APN: 14472