NOT LISTED FOR SALE

5480 New Cut Rd Inman, SC 29349

Estimated Value: $500,000 - $545,076

4 Beds
2.5 Baths
3,086 Sq Ft
$169/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $450,000 $146 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,648/month

43 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Workshop
  • Chapman High School Rated A-
  • Sun or Florida Room
  • Fireplace

About This Home

As of October 2022

LARGE BRICK HOME ON 4.11 ACRES WITH MANY NICE OUTBUILDINGS AND NO HOA This property has been in the same family since the 1950's. It is a well cared for large brick home with 4 bedrooms and 2.5 bathrooms sitting on 4+ acres of land. All of the rooms in the home are large including large bedrooms with large walk in cedar lined closets. This home has a full basement for hobbies or abundance of storage. The property has 3 large buildings (2 with lofts) and 3 additional barns/storage buildings-making it perfect for many types of home businesses. The location is exceptional- on New Cut Rd located in Spartanburg School District 1.

Last Agent to Sell the Property

Rachel Smith

JIM SMITH & ASSOCIATES, INC. License #27022 Listed on: 07/29/2022

Co-Listed By

Bryan 'Jimmy' Yelton

JIM SMITH & ASSOCIATES, INC.

Last Buyer's Agent

Rachel Smith

JIM SMITH & ASSOCIATES, INC. License #27022 Listed on: 07/29/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,537

Year Built

  • Built in 1955

Lot Details

  • 4.11 Acre Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Veneer
  • Composition Shingle Roof

Interior Spaces

  • 3,086 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Workshop
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Storage Shed

Schools

  • T. E. Mabry Middle School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,537

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Estimated Acreage Range: 3-5
  • Estimated Heated Above Grade Sq Ft: 3086
  • Estimated Total Heated Sq Ft: 3086
  • Estimated Age: 51-75
  • Estimated Year Built: 1955
  • Garage Carport2: 0
  • Heating Fuel Type: Electricity
  • Jr High: 1-T. E. Mabry
  • Lvt Date: 07/29/2022
  • Sq Ft Range Heated Finsh: 3000-3199
  • Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1955

Interior Features

  • Price Per Sq Ft: 145.82
  • Number Of Stories: 1 w/ Basement
  • Basement: Full
  • Floors: Carpet, Hardwood
  • Interior Amenities: Fireplace, Walk in Closet
  • Master Bedroom Features: Shower-Separate, Walk-in Closet
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Specialty Rooms: Main Fl Master Bedroom, Sun Room, Workshop
  • Storage Space: Basement, Out Building (s)

Exterior Features

  • Exterior: Brick Veneer
  • Foundation: Basement
  • Roof: Composition Shingle

Garage/Parking

  • Driveway: Paved

Utilities

  • Cooling Fuel: Electricity
  • Cooling System: Heat Pump
  • Heat System: Heat Pump
  • Sewer: Septic Tank
  • Water: Public Water
  • Water Heater: Electric

Schools

  • School District: 1
  • Elementary School: 1-Inman Elementary
  • Middle School: 1-T. E. Mabry Jr High
  • High School: 1-Chapman High

Lot Info

  • Lot Description: Level
  • Number Of Acres: 4.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Oct 11, 2022
Sold by
Blackwell Gladys H
Bought by
Atkins Ann
Seller's Agent
Rachel Smith
JIM SMITH & ASSOCIATES, INC.
Buyer's Agent
Rachel Smith
JIM SMITH & ASSOCIATES, INC.
List Price
$600,000
Sold Price
$450,000
Premium/Discount to List
-$150,000
-25%
Current Estimated Value
$522,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,519
Avg. Annual Appreciation
5.18%

Purchase Details

Closed on
Jun 7, 2017
Sold by
Blackwell Gladys
Bought by
Atkins Charles T and Atkins Sheila F
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Atkins Ann $450,000 --
Atkins Ann $450,000 --
Atkins Charles T $39,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $450,000 -10.0% $146 / Sq Ft
09/10/2022 09/10/22 Pending -- -- --
09/01/2022 09/01/22 Price Changed $500,000 -16.7% $162 / Sq Ft
07/29/2022 07/29/22 For Sale $600,000 -- $194 / Sq Ft
Source: Multiple Listing Service of Spartanburg

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 $10,537 $27,000 $5,844 $21,156
2024 $10,537 $27,000 $5,844 $21,156
2023 $10,537 $27,000 $5,844 $21,156
2022 $1,922 $12,351 $2,776 $9,575
2021 $1,922 $12,351 $2,776 $9,575
2020 $1,894 $12,351 $2,776 $9,575
2019 $1,894 $12,351 $2,776 $9,575
2018 $1,894 $12,351 $2,776 $9,575
2017 $1,629 $10,740 $1,872 $8,868
2016 $2,352 $10,897 $4,776 $6,121
2015 $2,317 $10,896 $4,775 $6,121
2014 $2,311 $10,896 $4,775 $6,121
Source: Public Records

Agents Affiliated with this Home

  • Rachel Smith

    Seller's Agent in 2022

    Rachel Smith

    JIM SMITH & ASSOCIATES, INC.

    (864) 415-5332

    133 Total Sales

    Rachel Smith
    Section Image
  • Bryan 'Jimmy' Yelton

    Seller Co-Listing Agent in 2022

    Bryan 'Jimmy' Yelton

    JIM SMITH & ASSOCIATES, INC.

    (864) 415-4665

    68 Total Sales

    Bryan 'Jimmy' Yelton
    Section Image
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Map

Source: Multiple Listing Service of Spartanburg

MLS Number: SPN292522

Multiple Listing Service of Spartanburg

APN: 1-43-00-088.00

South Carolina Spartanburg County Inman 29349

5480 New Cut Rd, Inman, SC

This home is located at 5480 New Cut Rd, Inman, SC 29349 since 29 July 2022 and is currently estimated at $522,519, approximately $169 per square foot. This property was built in 1955. 5480 New Cut Rd is a home located in Spartanburg County with nearby schools including Inman Elementary School, T.E. Mabry Middle School, and Chapman High School.

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