$75,000
SOLD FEB 29, 2024

512 S Gray St Gastonia, NC 28052

2 Beds
1 Bath
965 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$78 Per Sq Ft

59% Below List Price

115 Days on Market

About This Home

As of September 2024

Great opportunity for investors! 2 bedroom, 1 bath property in Gastonia, tenant occupied. Fantastic opportunity to renovate and raise rents or sell. Growing Charlotte suburb with plenty of room for upside.
Come check it out! Rent $660.00. 48 Hour notice required.

Last Agent to Sell the Property

Landon Albrick

ALBRICK Brokerage Email: landon@landonalbrick.com License #104384 Listed on: 09/26/2023

Last Buyer's Agent

Landon Albrick

ALBRICK Brokerage Email: landon@landonalbrick.com License #104384 Listed on: 09/26/2023

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $1,551

Year Built

  • Built in 1900

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 965 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 107232

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$1,551

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Road Surface Type: Dirt, Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 77.72
  • Geocode Confidence: Medium
  • Attribution Contact: landon@landonalbrick.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 965
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: None
  • Above Grade Finished Sq Ft: 965
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 965
  • Bedroom Main: 2
  • Room Count: 4

Exterior Features

  • New Construction: No
  • Construction Type: Off Frame Modular
  • Construction Type: Vinyl

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Other - See Remarks
  • 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 Area: 0.23
  • Lot Size Units: Acres
  • Parcel Number: 107232
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Sep 9, 2024
Sold by
Jackson South Investment Group Llc
Bought by
Setzer Jennifer and Setzer Robert Anthony
Seller's Agent
Deanna Murphree
DSM Properties Inc
Buyer's Agent
Teresa MacFarlane
Rockin Realty Inc
List Price
$204,900
Sold Price
$193,000
Premium/Discount to List
-$11,900
-5.81%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.51%
Original Mortgage
$189,504
Outstanding Balance
$188,180
Interest Rate
6.78%
Mortgage Type
FHA
Estimated Equity
-$7,999

Purchase Details

Listed on
Sep 26, 2023
Closed on
Feb 29, 2024
Sold by
Investcar Llc
Bought by
Jackson South Investment Group Llc
Seller's Agent
Landon Albrick
ALBRICK
Buyer's Agent
Landon Albrick
ALBRICK
List Price
$185,000
Sold Price
$75,000
Premium/Discount to List
-$110,000
-59.46%
Views
195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
495.01%
Original Mortgage
$133,000
Interest Rate
6.6%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 26, 2023
Closed on
Feb 28, 2024
Sold by
James Webb Co Llc
Bought by
Lnvestcar Llc
Seller's Agent
Landon Albrick
ALBRICK
Buyer's Agent
Landon Albrick
ALBRICK
List Price
$185,000
Sold Price
$75,000
Premium/Discount to List
-$110,000
-59.46%
Views
195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2009
Sold by
Grier Jack W and Grier Margaret M
Bought by
Wag Properties Gaston Llc

Purchase Details

Closed on
Jul 3, 2008
Sold by
Yarborough Danny J and Yarborough Kimberly
Bought by
Grier Jack W and Grier Margaret M
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 Type Sale Price Title Company
Warranty Deed $193,000 None Listed On Document
Special Warranty Deed $110,000 None Listed On Document
Warranty Deed $75,000 None Listed On Document
Warranty Deed $90,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed $23,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $189,504 FHA
Previous Owner $133,000 Construction
Previous Owner $235,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $210,000 +8.8% $215 / Sq Ft
09/09/2024 09/09/24 Sold $193,000 -3.3% $201 / Sq Ft
08/09/2024 08/09/24 Price Changed $199,500 -1.5% $208 / Sq Ft
07/25/2024 07/25/24 Price Changed $202,500 -1.2% $211 / Sq Ft
07/02/2024 07/02/24 For Sale $204,900 +173.2% $213 / Sq Ft
02/29/2024 02/29/24 Sold $75,000 -25.0% $78 / Sq Ft
02/05/2024 02/05/24 Price Changed $100,000 -45.9% $104 / Sq Ft
01/20/2024 01/20/24 For Sale $185,000 0.0% $192 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
09/26/2023 09/26/23 For Sale $185,000 -- $192 / 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
2024 $1,551 $125,070 $15,000 $110,070
2023 $1,567 $145,080 $15,000 $130,080
2022 $859 $64,600 $8,000 $56,600
2021 $872 $64,600 $8,000 $56,600
2019 $879 $64,600 $8,000 $56,600
2018 $524 $37,415 $10,800 $26,615
2017 $524 $37,415 $10,800 $26,615
2016 $524 $37,415 $0 $0
2014 $598 $42,694 $13,500 $29,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4073110

Canopy MLS (Canopy Realtor® Association)

APN: 107232