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307 East Hudson Street

307 East Hudson Street, Monroe, NC 28112
Property in Union
Sold Feb 08, 2019
$245,000
$392,000 by Cogent Bank
Mortgage
Sold Apr 06, 2006
$250,000
$66,666 by Bank Of America Na
Mortgage Due May 01, 2036
307 East Hudson Street has been categorized by the local assessors in Monroe, NC as a residential type of property. The building on the property was first built in 1986 and is 38 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 307 East Hudson Street has 1,320 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 13,329 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a forced air unit. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 307 East Hudson Street was last sold in Jul 13, 2018 for $245,000. According to our calculations, that's $185.61 per sqft. Prior to that sales transaction, the property was sold for $250,000 in Apr 6, 2006. Current property owners are expected to pay $1,117 in taxes per year. The property on 307 East Hudson Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $102,400. To break that down further, the land itself was valued at $15,200. While improvements to the property were assessed at a total of $87,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 13,329
  • Total Building Area: 1,320
  • Gross Building Area: 1,320
  • Building Area: 1,320
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,320
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE PROPERTY OP GROUP FOUR INVESTMENTS
  • Land Acres: 0.306
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: #2 GROUP FOUR INVESTMENTS

Ownership

  • Current Owner : DMS CAPITAL LLC
  • Previous Owner : GM REALTY HOLDINGS LLC
  • Owner Before Previous Owner: SMITH RAYMOND G
  • Owner Before Previous Owner 2: SMITH CAROLYN T
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Union County Public Schools
  • Census Tract: 020501

Zoning

  • Zoning: R-10 MONRO

Geography

  • District: 9
  • Parcel: 09-234-123
  • Municipality: MONROE TWP
  • Latitude: 34.9774
  • Longitude: -80.5465

    Address

  • Full Address: 307 E Hudson St
  • Address - House Number: 307
  • Street Direction: E
  • Address - Street Name: Hudson
  • Address - Suffix Type: St
  • State: NC
  • City Name: Monroe
  • Carrier Code: C002
  • 4-Digit Zip Code: 6080
  • Zip Code: 28112

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,117
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1237
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 86
  • Final Value: 204,101
  • High Value: 229,355
  • Low Value: 178,848

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $392,000
  • First Open Lien Mortgage Lender: COGENT BANK
  • First Open Lien Mortgage Recording Date: Feb 08, 2019
  • First Open Lien Mortgage Loan Amount: $392,000
  • 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: $102,400
  • Market Land Value: $15,200
  • Market Improvement Value: $87,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,400
  • Assessed Land Value: $15,200
  • Assessed Improvements Value: $87,200

    Sales

  • Current Sale Contract Date: Jul 13, 2018
  • Current Sale Recording Date: Feb 08, 2019
  • Current Sale Transaction ID: 11570735304
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 0003257
  • Previous Sale Recording Date: Apr 06, 2006
  • Previous Sale Contract Date: Apr 06, 2006
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: COGENT BANK
  • First Mortgage Transaction Date: Feb 08, 2019
  • First Mortgage Loan Amount: $392,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 06, 2006
  • Previous Mortgage Loan Amount: $66,666
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2036

About Monroe



Similar Buildings

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Nearby Rentals

Unit for rent at 2118 Lexington Avenue, Monroe, NC, 28112

$1,800 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,500 ft²
2118 Lexington Avenue, Monroe, NC, 28112 Listing by Jennifer Sears

Frequently Asked Questions

What neighborhood is 307 East Hudson Street located in?
The 307 East Hudson Street is a located in the neighborhood of Union in Monroe, Monroe.
What is the average sales price for listings in 307 East Hudson Street?
The average sales price for units in 307 East Hudson Street is $0 currently.

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