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418 Cherry Street

418 Cherry Street, Belmont, NC 28012
House in Gaston
Sold May 12, 2022
$328,000
$293,550 by Fairway Independent Mortgage C
Mortgage
Sold Sep 21, 2021
$195,000
$226,000 by Bell Rock Income Fund 1 Llc
Mortgage Due Mar 16, 2022
418 Cherry Street has been categorized by the local assessors in Belmont, NC as a residential type of property. The building on the property was first built in 1941 and is 83 years old. The home has a total of 6 rooms. 3 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, 418 Cherry Street has 1,512 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 30,056 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. 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. As for the floors, you'll see that the home has flooring throughout. 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, 418 Cherry Street was last sold in May 5, 2022 for $328,000. According to our calculations, that's $216.93 per sqft. Prior to that sales transaction, the property was sold for $195,000 in Sep 15, 2021. Current property owners are expected to pay $2,829 in taxes per year. The property on 418 Cherry Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $278,720. To break that down further, the land itself was valued at $25,000. While improvements to the property were assessed at a total of $253,720. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Exterior

Vinyl Siding

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D+
  • Building Style: Conventional
  • 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
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,056
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,512
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CATAWBA HEIGHTS
  • Land Acres: 0.69
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: CATAWBA HEIGHTS PARK L P/359-360 15 008B 052 00 000

Ownership

  • Current Owner : MAGEE KELLY ANN
  • Current Owner 2: BRIDGES AUSTIN DREW
  • Previous Owner : SHIVAAY INVESTMENTS LLC
  • Owner Before Previous Owner: INVESTCAR LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Gaston County Schools
  • School Tax School District: MOUNT HOLLY CIT
  • Census Tract: 031204

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MP 5 PG 12
  • District: MOUNT HOLLY
  • Parcel: 181902
  • Municipality: MOUNT HOLLY CITY
  • Latitude: 35.2783
  • Longitude: -81.035

    Address

  • Full Address: 418 Cherry St
  • Address - House Number: 418
  • Address - Street Name: Cherry
  • Address - Suffix Type: St
  • State: NC
  • City Name: Belmont
  • Carrier Code: C004
  • 4-Digit Zip Code: 2231
  • Zip Code: 28012

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,829

    Appraisal Valuation

  • Standard Deviation: 0.242
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 66
  • Final Value: 311,578
  • High Value: 387,001
  • Low Value: 236,155

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $293,550
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: May 12, 2022
  • First Open Lien Mortgage Loan Amount: $293,550
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $138,650
  • Market Land Value: $16,500
  • Market Improvement Value: $122,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,720
  • Assessed Land Value: $25,000
  • Assessed Improvements Value: $253,720

    Sales

  • Current Sale Contract Date: May 05, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Transaction ID: 11890373192
  • Current Sale Price: $328,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Sep 21, 2021
  • Previous Sale Contract Date: Sep 15, 2021
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: May 12, 2022
  • First Mortgage Loan Amount: $293,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: BELL ROCK INCOME FUND 1 LLC
  • Previous Mortgage Transaction Date: Sep 21, 2021
  • Previous Mortgage Loan Amount: $226,000
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Mar 16, 2022

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Frequently Asked Questions

What neighborhood is 418 Cherry Street located in?
The 418 Cherry Street is a house located in the neighborhood of Gaston in Mount Holly, Belmont.
What is the average sales price for listings in 418 Cherry Street?
The average sales price for units in 418 Cherry Street is $0 currently.

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