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440 North May Street

440 North May Street, Southern Pines, NC 28387
Multifamily in Moore
Sold Nov 03, 2023
$100,000
Sold Apr 08, 2020
$368,000
$361,334 by Prosperity Home Mortgage Llc
Mortgage Due May 01, 2050
Local assessors in Southern Pines, NC have categorized 440 North May Street as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 21,824 square feet.

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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. 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, 440 North May Street sold most recently in Nov 2, 2023 for a total of $100,000. If you work out the math, that's approximately a cost of $65.62 per sqft. Before that, the property was also sold for $368,000 in Apr 2, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,251 in taxes each year. 440 North May Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $494,500. If we break it down further, the land itself was valued at $152,770. Improvements to the property, however, were assessed at a total of $341,730. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 0
  • Living Units: 5
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,824
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,524
  • Building Area: 1,524
  • Building Area Measurement: Building Perimeter

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LEGACY HOME CONSTRUCTION INC
  • Land Acres: 0.501
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: BLK H 2 LOT 4-5 & ALLEY

Ownership

  • Current Owner : SILVA FERNANDO
  • Previous Owner : KLINE KYLE
  • Previous Owner 2: KLINE HILLARY
  • Owner Before Previous Owner: 440 NORTH MAY STREET ASSOCIATES LLC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Moore County Schools
  • School Tax School District: SP
  • School Tax District Code 2: I
  • Census Tract: 950900

Zoning

  • Zoning: RS1

Geography

  • Account Number: 97041231
  • District: 7
  • Parcel: 00039289
  • Block: H
  • Lot: 4-5
  • Municipality: MC NIEL
  • Latitude: 35.1745
  • Longitude: -79.3857

    Address

  • Full Address: 440 N May St
  • Address - House Number: 440
  • Street Direction: N
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: NC
  • City Name: Southern Pines
  • Carrier Code: C001
  • 4-Digit Zip Code: 5636
  • Zip Code: 28387

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,251
  • Tax Rate Code Area: SP

    Appraisal Valuation

  • Standard Deviation: 0.1301
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 73
  • Final Value: 401,306
  • High Value: 453,535
  • Low Value: 349,076

    Market Valuation

  • Market Total Value: $494,500
  • Market Land Value: $152,770
  • Market Improvement Value: $341,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $494,500
  • Assessed Land Value: $152,770
  • Assessed Improvements Value: $341,730

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 03, 2023
  • Current Sale Transaction ID: 11915369447
  • Current Sale Price: $100,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 14876
  • Previous Sale Recording Date: Apr 08, 2020
  • Previous Sale Contract Date: Apr 02, 2020
  • Previous Sale Amount: $368,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • Previous Mortgage Transaction Date: Apr 08, 2020
  • Previous Mortgage Loan Amount: $361,334
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2050

About Southern Pines



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Nearby Rentals

Unit for rent at 101 E Rhode Island Avenue, Southern Pines, NC, 28387

$1,800 /mo

  • 2 Beds
  • 2 Baths
  • 1,140 ft²
101 E Rhode Island Avenue #APTU, Southern Pines, NC, 28387 Listing by Melissa Mulloy

Frequently Asked Questions

What neighborhood is 440 North May Street located in?
The 440 North May Street is a multifamily located in the neighborhood of Moore in Southern Pines, Southern Pines.
What is the average sales price for listings in 440 North May Street?
The average sales price for units in 440 North May Street is $0 currently.

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