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406 North Broad Street

406 North Broad Street, Gastonia, NC 28054
Property in Gaston
Sold May 10, 2021
$65,000
$1,568,000 by Lima One Capital Llc
Mortgage Due Jun 01, 2052
Sold Mar 24, 2006
$25,000
$33,000 by Alliance Bank & Trust Co
Mortgage
406 North Broad Street has been categorized by the local assessors in Gastonia, NC as a residential type of property. The building on the property was first built in 1940 and is 84 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 406 North Broad Street has 868 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 6,534 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow 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. For the features and amenities located on the property. There is a carport for those who require parking. According to our sources, there are a total of 2 available parking spaces. From what we've gathered, the quality of these control joints have been graded with a letter grade of D+ by the local assessor. The building has a gable or hip style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with air conditioning at the moment. 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, 406 North Broad Street was last sold in May 5, 2021 for $65,000. According to our calculations, that's $74.88 per sqft. Prior to that sales transaction, the property was sold for $25,000 in Mar 15, 2006. Current property owners are expected to pay $1,004 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 406 North Broad Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $92,970. To break that down further, the land itself was valued at $12,500. While improvements to the property were assessed at a total of $80,470. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D+
  • Building Style: Bungalow
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Frontage Feet: 0
  • Total Building Area: 868
  • Building Area: 868
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 868
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: GASTONIA COTTON MFG CO BLK F L 49 01 024 106 00 000

Ownership

  • Current Owner : ECEL NC PROPERTIES LLC
  • Previous Owner : VENN CHARLES MARTIN
  • Previous Owner 2: VENN SUSAN PENLEY
  • Owner Before Previous Owner: CITIFINANCIAL MORTGAGE CO INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Gaston County Schools
  • School Tax School District: GASTONIA CITY
  • Census Tract: 032000

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MP 1 PG 48
  • District: GASTONIA CIT
  • Parcel: 104553
  • Block: F
  • Municipality: GASTONIA CITY
  • Latitude: 35.2673
  • Longitude: -81.1771

    Address

  • Full Address: 406 N Broad St
  • Address - House Number: 406
  • Street Direction: N
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: NC
  • City Name: Gastonia
  • Carrier Code: C021
  • 4-Digit Zip Code: 2507
  • Zip Code: 28054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,004
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2452
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 65
  • Final Value: 131,119
  • High Value: 163,280
  • Low Value: 98,958

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,568,000
  • First Open Lien Mortgage Lender: LIMA ONE CAPITAL LLC
  • First Open Lien Mortgage Recording Date: May 09, 2022
  • First Open Lien Mortgage Loan Amount: $1,568,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $47,930
  • Market Land Value: $10,000
  • Market Improvement Value: $37,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,970
  • Assessed Land Value: $12,500
  • Assessed Improvements Value: $80,470

    Sales

  • Current Sale Contract Date: May 05, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11841790462
  • Current Sale Price: $65,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Mar 24, 2006
  • Previous Sale Contract Date: Mar 15, 2006
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BELL ROCK INCOME FUND 1 LLC
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $75,000
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Nov 05, 2021

    Previous Mortgages

  • Previous Mortgage Lender: ALLIANCE BANK & TRUST CO
  • Previous Mortgage Transaction Date: Mar 24, 2006
  • Previous Mortgage Loan Amount: $33,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Gastonia



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701 S New Hope Road, Gastonia, NC, 28054 Listing by Michelle Messick

Frequently Asked Questions

What neighborhood is 406 North Broad Street located in?
The 406 North Broad Street is a located in the neighborhood of Gaston in Gastonia, Gastonia.
What is the average sales price for listings in 406 North Broad Street?
The average sales price for units in 406 North Broad Street is $0 currently.

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