$99,000
SOLD APR 1, 2025

527 W Elm St Shelby, NC 28150

2 Beds
1.5 Baths
755 Sq Ft
0.25 Acres

Recently Sold

$131 Per Sq Ft

24% Below List Price

7 Days on Market

Highlights

  • Traditional Architecture
  • Covered Patio or Porch
  • 1-Story Property
  • Wood Flooring
  • Laundry Room
  • Attached Carport

About This Home

As of April 2025

Tenant Occupied. Nice home in downtown Shelby, Close in to Shopping, Schools, Library & Interstate.

Last Agent to Sell the Property

Donna Sutton

Sutton Realty Professionals Brokerage Email: suttonrealty1@gmail.com License #190199 Listed on: 12/31/2024

Last Buyer's Agent

Donna Sutton

Sutton Realty Professionals Brokerage Email: suttonrealty1@gmail.com License #190199 Listed on: 12/31/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $892

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 67x165
  • Cleared Lot
  • Property is zoned R6

Parking

  • 1 Car Garage
  • Attached Carport
  • Driveway
  • 2 Open Parking Spaces

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Metal Siding
  • Vinyl Siding

Interior Spaces

  • 755 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Graham Elementary School
  • Crest Middle School
  • Crest High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Morningside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18236

Home Details

Home Type

Single Family

Est. Annual Taxes

$892

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1954
  • Restrictions: Other - See Remarks
  • Restrictions Description: Follow city restrictions and ordinances
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 131.13
  • Property Sub Type Additional: None
  • Geocode Confidence: High
  • Attribution Contact: suttonrealty1@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Attic Other
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 755
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: None
  • Other Equipment: Other - See Remarks
  • Above Grade Finished Sq Ft: 755
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Living Area: 755
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Other - See Remarks
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Brick Partial, Metal, Shingle/Shake, Vinyl, Wood
  • Other Structures: None
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Attached Carport, Driveway
  • Assigned Spaces: 0

Utilities

  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air, Electric
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Cleared
  • Lot Size Units: Acres
  • Parcel Number: 18236
  • Horse Amenities: None
  • Lot Size: 67x165
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R6

MLS Schools

  • Elementary School: Graham
  • High School: Crest

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2024
Closed on
Apr 1, 2025
Sold by
Aab Investment Company Llc
Bought by
Schmidt Dustin Lawrence
Seller's Agent
Donna Sutton
Sutton Realty Professionals
Buyer's Agent
Donna Sutton
Sutton Realty Professionals
List Price
$130,000
Sold Price
$99,000
Premium/Discount to List
-$31,000
-23.85%
Views
21
Current Estimated Value
$103,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,612
Avg. Annual Appreciation
7.37%
Original Mortgage
$95,695
Outstanding Balance
$94,954
Interest Rate
6.85%
Mortgage Type
FHA
Estimated Equity
$8,658

Purchase Details

Listed on
Jul 5, 2021
Closed on
Aug 11, 2021
Sold by
Kunkle James M and Kunkle Doris M
Bought by
Aab Lnvestnienls Company Llc
Seller's Agent
Tommy Wilson
Clay & Associates Real Estate
Buyer's Agent
Donna Sutton
Sutton Realty Professionals
List Price
$51,000
Sold Price
$50,000
Premium/Discount to List
-$1,000
-1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.64%

Purchase Details

Closed on
Jan 26, 2021
Sold by
Pegram Robert Harold and Pegram Paulette Stric
Bought by
A A B Investment Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
2.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 $99,000 None Listed On Document
Warranty Deed $99,000 None Listed On Document
Warranty Deed $50,000 None Available
Warranty Deed $235,000 None Listed On Document
Warranty Deed $235,000 None Listed On Document
Warranty Deed $235,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $95,695 FHA
Closed $95,695 FHA
Previous Owner $188,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/01/2025 04/01/25 Sold $99,000 -23.8% $131 / Sq Ft
01/08/2025 01/08/25 Pending -- -- --
12/31/2024 12/31/24 For Sale $130,000 +160.0% $172 / Sq Ft
08/12/2021 08/12/21 Sold $50,000 -2.0% $59 / Sq Ft View Prior Sale
07/17/2021 07/17/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $51,000 0.0% $60 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
07/05/2021 07/05/21 For Sale $51,000 -- $60 / 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 $892 $89,674 $14,204 $75,470
2024 $761 $61,076 $7,102 $53,974
2023 $757 $61,076 $7,102 $53,974
2022 $757 $61,076 $7,102 $53,974
2021 $761 $61,076 $7,102 $53,974
2020 $550 $42,462 $5,894 $36,568
2019 $550 $42,462 $5,894 $36,568
2018 $548 $42,462 $5,894 $36,568
2017 $380 $29,668 $5,894 $23,774
2016 $380 $29,668 $5,894 $23,774
2015 $455 $37,774 $5,894 $31,880
2014 $455 $37,774 $5,894 $31,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4208416

Canopy MLS (Canopy Realtor® Association)

APN: 18236