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131 McGinnis Street

131 McGinnis Street, Kings Mountain, NC 28086
Property in Cleveland
Sold Mar 01, 2021
$475,000
$380,000 by Bank Of The Ozarks
Mortgage
131 McGinnis Street in Kings Mountain, NC was first built in 1935 and is 89 years old. Although, the building on the property was most recently renovated and altered in 1979. This has been categorized as a residential property type. It is a single story home. 131 McGinnis Street has 744 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 550 ft and the linear feet between the front and back of the lot is 1,500. In total, the area measurement of the land is 8,250 square feet.

Learn more about the property and building on this page. There is a covered porch. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heat pump. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 131 McGinnis Street sold most recently in Mar 1, 2021 for a total of $475,000. If you work out the math, that's approximately a cost of $638.44 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $433 in taxes each year. The initial year of tax delinquency occurred in 2019. 131 McGinnis Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $36,522. If we break it down further, the land itself was valued at $6,600. Improvements to the property, however, were assessed at a total of $29,922. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1979
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 5
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 8,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 550
  • Total Building Area: 744
  • Building Area: 744
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Heat pump
  • Heated Square Feet: 744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: NORTH KINGS MOUNTAIN
  • Land Acres: 0.189
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT MCGINNIS ST

Ownership

  • Current Owner : PREMIUM PROPERTY GROUP LLC
  • Previous Owner : VENN CHARLES M
  • Previous Owner 2: VENN SUSAN P
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cleveland County Schools
  • School Tax School District: CITY OF KINGS M
  • Census Tract: 950400

Zoning

  • Zoning: R08

Geography

  • Assessors Map Reference: KM37
  • Account Number: 1309591
  • District: 4
  • Parcel: 9272
  • Block: 3
  • Lot: 4
  • Municipality: KINGS MOUNTAIN
  • Latitude: 35.2571
  • Longitude: -81.341

    Address

  • Full Address: 131 Mcginnis St
  • Address - House Number: 131
  • Address - Street Name: Mcginnis
  • Address - Suffix Type: St
  • State: NC
  • City Name: Kings Mountain
  • Carrier Code: C003
  • 4-Digit Zip Code: 2037
  • Zip Code: 28086

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $433
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 4

    Appraisal Valuation

  • Standard Deviation: 0.1688
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 66
  • Final Value: 330,618
  • High Value: 386,431
  • Low Value: 274,804

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $380,000
  • First Open Lien Mortgage Lender: BANK OF THE OZARKS
  • First Open Lien Mortgage Recording Date: Mar 01, 2021
  • First Open Lien Mortgage Loan Amount: $380,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $36,522
  • Market Land Value: $6,600
  • Market Improvement Value: $29,922

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,522
  • Assessed Land Value: $6,600
  • Assessed Improvements Value: $29,922

    Sales

  • Current Sale Contract Date: Mar 01, 2021
  • Current Sale Recording Date: Mar 01, 2021
  • Current Sale Transaction ID: 11823208357
  • Current Sale Price: $475,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200051563

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF THE OZARKS
  • First Mortgage Transaction Date: Mar 01, 2021
  • First Mortgage Loan Amount: $380,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Second Mortgage Lender: BANK OF THE OZARKS
  • Second Mortgage Transaction Date: Mar 01, 2021
  • Second Mortgage Loan Amount: $380,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Commercial

About Kings Mountain



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Nearby Rentals

Unit for rent at 201 Dilling Street, Kings Mountain, NC, 28086

$1,195 /mo

  • 2 Beds
  • 1 Bath
  • 775 ft²
201 Dilling Street, Kings Mountain, NC, 28086 Listing by Jamie ORourke

Frequently Asked Questions

What neighborhood is 131 McGinnis Street located in?
The 131 McGinnis Street is a located in the neighborhood of Cleveland in Kings Mountain, Kings Mountain.
What is the average sales price for listings in 131 McGinnis Street?
The average sales price for units in 131 McGinnis Street is $0 currently.

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