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1416 Duhart Avenue

1416 Duhart Avenue, Gastonia, NC 28054
Property in Gaston
Sold Sep 14, 2021
$7,400,000
$6,010,000 by Colliers Mortgage Llc
Mortgage
Sold Jul 01, 2019
$5,150,000
$4,040,000 by Cbre Capital Markets Inc
Mortgage Due Jul 01, 2029
Local assessors in Gastonia, NC have categorized 1416 Duhart Avenue as a residential type of property. The home was built in 1985 and is 39 years old. The property's lot size has been calculated to be 116,741 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1416 Duhart Avenue has a total of 8,192 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of shingle (not wood). Lots of brick were used in the construction of the exterior walls of the home. The home's a heat pump is the primary heating source. 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, 1416 Duhart Avenue sold most recently in Sep 14, 2021 for a total of $7,400,000. If you work out the math, that's approximately a cost of $903.32 per sqft. Before that, the property was also sold for $5,150,000 in Jul 1, 2019. 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 $22,168 in taxes each year. 1416 Duhart Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,565,760. Improvements to the property, however, were assessed at a total of $2,565,760. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1985
  • Effective Year Built: 1985
  • Building Count: 3
  • Total Rooms: 16
  • Bedroom Count: 0
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 16
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 116,741
  • Lot Size Frontage Feet: 0
  • Total Building Area: 8,192
  • Building Area: 8,192
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 8,192
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROPERTY OF D S & FRED RHYNE
  • Land Acres: 2.68
  • Standard Land Use Code: Apartment house (5+ units)
  • Legal Description 1: D S & F S RHYNE L 18-19,20-21 & ADDL LOTS 01 029 044 00 000 ETC

Ownership

  • Current Owner : WMI THE GROVES LLC
  • Previous Owner : MOUNTAIN RIDGE GROUP LLC
  • Owner Before Previous Owner: MOMENTUM RIDGE REALTY PARTNERS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Gaston County Schools
  • School Tax School District: GASTONIA CITY
  • Census Tract: 032100

Zoning

  • Zoning: APT01

Geography

  • Assessors Map Reference: MP 11 PG 79
  • District: GASTONIA CIT
  • Parcel: 105170
  • Lot: 1
  • Municipality: GASTONIA CITY
  • Latitude: 35.2685
  • Longitude: -81.1531

    Address

  • Full Address: 1416 Duhart Ave
  • Address - House Number: 1416
  • Address - Street Name: Duhart
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Gastonia
  • Carrier Code: C004
  • 4-Digit Zip Code: 5240
  • Zip Code: 28054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,168

    Appraisal Valuation

  • Standard Deviation: 0.3849
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 23
  • Final Value: 2,282,260
  • High Value: 3,160,921
  • Low Value: 1,403,598

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,010,000
  • First Open Lien Mortgage Lender: COLLIERS MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 14, 2021
  • First Open Lien Mortgage Loan Amount: $6,010,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $1,268,230
  • Market Land Value: $169,500
  • Market Improvement Value: $1,098,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,565,760
  • Assessed Improvements Value: $2,565,760

    Sales

  • Current Sale Contract Date: Sep 14, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Transaction ID: 11862145252
  • Current Sale Price: $7,400,000
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Jul 01, 2019
  • Previous Sale Contract Date: Jul 01, 2019
  • Previous Sale Amount: $5,150,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLLIERS MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 14, 2021
  • First Mortgage Loan Amount: $6,010,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: CBRE CAPITAL MARKETS INC
  • Previous Mortgage Transaction Date: Jul 01, 2019
  • Previous Mortgage Loan Amount: $4,040,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Jul 01, 2029

About Gastonia



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Frequently Asked Questions

What neighborhood is 1416 Duhart Avenue located in?
The 1416 Duhart Avenue is a located in the neighborhood of Gaston in Gastonia, Gastonia.
What is the average sales price for listings in 1416 Duhart Avenue?
The average sales price for units in 1416 Duhart Avenue is $0 currently.

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