NOT LISTED FOR SALE

702 E Main St Cherryville, NC 28021

Estimated Value: $148,110

3 Beds
2 Baths
2,944 Sq Ft
$50/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2024

Last sale price $145,000 $49 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $990 / mo

215 Days on Market

Highlights

  • Bonus Room
  • Covered Patio or Porch
  • Living Room
  • Home Office
  • 4 Car Detached Garage
  • More Than Two Accessible Exits

About This Home

As of October 2024

Currently taking Backup Offers! CALLING ALL INVESTORS w/ vision who want monthly cash flow! Former funeral home walking distance to thriving downtown Cherryville & city has a shortage of rentals according to Downtown Director! This property has a conditional use for multi-family for up to 6 units due to acreage. 5 Exterior Entrances. Listed as a 3 bedroom due to 6'9" ceiling height upstairs, where you find 3 additional rooms and an additional 1358 sq ft. Since it was previously used as commercial space, there are no full bathrooms-(2) half baths w/ a separate shower stall. Double lot w/ ginormous parking lot, 4 bay garage, w/ plenty of room for potential second build. Rent out garage space to future tenants for vehicles or storage. Add coin laundry for addtl cash flow. Check to see if parking lot can be subdivided so you can sell - the opportunities are endless! 3 cars are negotiable - sell to help w/ renovation budget! Cross-listed in Commercial(MLS 4104640) & Residential(MLS 4106617)

Last Agent to Sell the Property

Tara Empson

Premier South Brokerage Email: taraerealtor@gmail.com License #145934 Listed on: 02/09/2024

Premier South

Co-Listed By

Jenna Jourdet

Ambassador Real Estate Consult Brokerage Email: taraerealtor@gmail.com License #301087

Last Buyer's Agent

Michelle Sardo

Premier South License #307002

Premier South

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1942

Lot Details

  • Paved or Partially Paved Lot
  • Level Lot
  • Cleared Lot

Parking

  • 4 Car Detached Garage
  • Attached Carport
  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2,944 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Accessible Home Design

  • More Than Two Accessible Exits
  • Ramp on the main level

Outdoor Features

  • Covered Patio or Porch

Schools

  • Cherryville Elementary School
  • John Chavis Middle School
  • Cherryville High School

Listing and Financial Details

  • The owner pays for - see remarks
  • Assessor Parcel Number 129468

Property Details

Home Type

Apartment

Year Built

Built in 1942

Lot Details

0.68 Acres

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1942
  • Restrictions: Other - See Remarks
  • Restrictions Description: See attached Permitted Uses & Conditional Uses
  • Road Surface Type: Asphalt, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: taraerealtor@gmail.com
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Fireplace: No
  • Flooring: Carpet
  • Room Other: Bedroom(s),Bathroom(s),Living Room,Dining Room,Bonus Room,Office
  • Appliances: None
  • Owner Pays: Other - See Remarks
  • Above Grade Finished Sq Ft: 2944
  • Accessibility Features: Two or More Access Exits, Ramp(s)-Main Level
  • Basement YN: No
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2944
  • Building Stories: 2

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl
  • Patio And Porch Features: Covered, Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: Yes
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Carport, Detached Garage, Parking Lot

Utilities

  • Heating: Other - See Remarks
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling: Other - See Remarks
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: John Chavis
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level, Paved
  • Lot Size Units: Acres
  • Parcel Number: 129468
  • Plat Book Slide: 001/066
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RO

Rental Info

  • Tenant Pays: Other
  • Pets Allowed: Call

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • Elementary School: Cherryville
  • High School: Cherryville

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Oct 7, 2024
Sold by
Bought by
Seller's Agent
Tara Empson
Premier South
Buyer's Agent
Michelle Sardo
Premier South
List Price
$342,000
Sold Price
$145,000
Premium/Discount to List
-$197,000
-57.6%
Views
239
Current Estimated Value
$148,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,110

Purchase Details

Closed on
Jan 6, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.07%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$145,000 None Listed On Document
$70,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $56,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/07/2024 10/07/24 Sold $145,000 -35.6% $49 / Sq Ft
08/28/2024 08/28/24 Price Changed $224,999 -19.4% $76 / Sq Ft
08/08/2024 08/08/24 Price Changed $279,000 -6.7% $95 / Sq Ft
06/24/2024 06/24/24 Price Changed $299,000 -7.7% $102 / Sq Ft
04/19/2024 04/19/24 Price Changed $324,000 -5.3% $110 / Sq Ft
02/09/2024 02/09/24 For Sale $342,000 -- $116 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,255 $208,960 $88,860 $120,100
2024 $2,255 $208,960 $88,860 $120,100
2023 $2,278 $208,960 $88,860 $120,100
2022 $2,044 $153,720 $57,800 $95,920
2021 $2,075 $153,720 $57,800 $95,920
2019 $1,998 $153,720 $57,800 $95,920
2018 $2,018 $151,693 $27,291 $124,402
2017 $2,018 $151,693 $27,291 $124,402
2016 $2,018 $151,693 $0 $0
2014 $1,786 $134,291 $59,242 $75,049
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS

MLS Number: 4106662

Canopy MLS

APN: 129468

Your Personal Tour Guide

Ask me questions while you tour the home.