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506 Patterson Street

506 Patterson Street, China Grove, NC 28023
Sold Mar 05, 2021
$242,000
$229,900 by Fairway Independent Mortgage C
Mortgage Due Apr 01, 2051
506 Patterson Street has been categorized by the local assessors in China Grove, NC as a residential type of property. The building on the property was first built in 1969 and is 55 years old. However, we must point out that the home was most recently renovated and altered in 2005. 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, 506 Patterson Street has 4,232 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 1,140 ft. The area measurement of the land has been determined as 22,800 square feet.

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. Love to swim? You'll be excited to find out that there is a vinyl in-ground pool on the property. From what we've gathered, the quality of these control joints have been graded with a letter grade of B+ by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Feb 24, 2021 for $242,000. That's $57.18 per sqft. 506 Patterson Street was last assessed in 2023. The total value of the property was assessed at $410,116. Specifically, the land the property is located on was valued at $34,500. While improvements on the property were assessed at a total of $375,616. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,429. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B+
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Unfinished basement
  • Basement Area: 2,116
  • Garage Type: Carport
  • Parking Space Count: 0
  • Pool Type: Vinyl in-ground pool

    Dimensions

  • Lot Size Square Feet: 22,800
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,140
  • Total Building Area: 4,232
  • Building Area: 4,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 4,232
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SWARINGEN HEIGHTS
  • Land Acres: 0.52
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L373-376

Ownership

  • Current Owner : DAVIES MICHAEL T
  • Current Owner 2: LEE ANNE DAVIES
  • Previous Owner : JONES ERIC LEE
  • Previous Owner 2: JONES JENNY BROTHERS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rowan-Salisbury Schools
  • School Tax School District: TOWN OF CHINA G
  • Census Tract: 051700

Geography

  • District: 13
  • Parcel: 100 033
  • Municipality: TOWN OF CHINA GROVE
  • Latitude: 35.5716
  • Longitude: -80.5854

    Address

  • Full Address: 506 Patterson St
  • Address - House Number: 506
  • Address - Street Name: Patterson
  • Address - Suffix Type: St
  • State: NC
  • City Name: China Grove
  • Carrier Code: C002
  • 4-Digit Zip Code: 2040
  • Zip Code: 28023

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,429
  • Tax Rate Code Area: 106:CHINA

    Appraisal Valuation

  • Standard Deviation: 0.3541
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 29
  • Final Value: 373,479
  • High Value: 505,731
  • Low Value: 241,226

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $229,900
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Mar 05, 2021
  • First Open Lien Mortgage Loan Amount: $229,900
  • 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: Apr 01, 2051

    Market Valuation

  • Market Total Value: $410,116
  • Market Land Value: $34,500
  • Market Improvement Value: $375,616

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $410,116
  • Assessed Land Value: $34,500
  • Assessed Improvements Value: $375,616

    Sales

  • Current Sale Contract Date: Feb 24, 2021
  • Current Sale Recording Date: Mar 05, 2021
  • Current Sale Transaction ID: 11825945099
  • Current Sale Price: $242,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Mar 05, 2021
  • First Mortgage Loan Amount: $229,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Swaringen Heights



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1110 Arbor Drive #1110 Arbor Drive - Unit 3, China Grove, NC, 28023 Listing by Manager

Frequently Asked Questions

What neighborhood is 506 Patterson Street located in?
The 506 Patterson Street is a located in the neighborhood of Swaringen Heights in Swaringen Heights, China Grove.
What is the average sales price for listings in 506 Patterson Street?
The average sales price for units in 506 Patterson Street is $0 currently.

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