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520 Gibbs Road

520 Gibbs Road, Wellford, SC 29385
Property in Spartanburg
Sold Mar 17, 2021
$245,000
$240,562 by Broker Solutions Inc
Mortgage Due Apr 01, 2051
520 Gibbs Road has been categorized by the local assessors in Wellford, SC as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The home has a total of 3 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, 520 Gibbs Road has 2,169 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 29,621 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a style that we are currently unable to determine.

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 attached garage for those who require parking. The garage measured 250 sqft. Moving on to the building itself. The condition of the building has been evaluated as good. 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 building has a gable style roof made of composition shingle. The exterior walls of the building are made of unknown. 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 central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Mar 1, 2021 for $245,000. That's $112.96 per sqft. 520 Gibbs Road was last assessed in 2023. The total value of the property was assessed at $10,664. Specifically, the land the property is located on was valued at $800. While improvements on the property were assessed at a total of $9,864. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,702. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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

Vinyl Siding

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 250
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,621
  • Total Building Area: 2,169
  • Gross Building Area: 2,890
  • Building Area: 2,169
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,169
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHADY GROVE HILLS
  • Land Acres: 0.68
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 40 SHADY GROVE HILLS PH 1 SEC 5 PB 161-167

Ownership

  • Current Owner : HAS CHHENG
  • Previous Owner : WILLIAMS TONYA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Spartanburg School District 5
  • School Tax School District: 5F00
  • School Tax District Code 2: NSF
  • Census Tract: 023002

Geography

  • Assessors Map Reference: 6174-18-6992.96
  • Section: 5
  • Subdivision Phase Number: 1
  • Parcel: 5-0800-01026
  • Lot: 40
  • Municipality: WELLFORD
  • Latitude: 34.9863
  • Longitude: -82.0961

    Address

  • Full Address: 520 Gibbs Rd
  • Address - House Number: 520
  • Address - Street Name: Gibbs
  • Address - Suffix Type: Rd
  • State: SC
  • City Name: Wellford
  • Carrier Code: R009
  • 4-Digit Zip Code: 9397
  • Zip Code: 29385

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,702

    Appraisal Valuation

  • Standard Deviation: 0.2582
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 63
  • Final Value: 358,762
  • High Value: 451,420
  • Low Value: 266,104

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $240,562
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Mar 17, 2021
  • First Open Lien Mortgage Loan Amount: $240,562
  • 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: $266,600
  • Market Land Value: $20,000
  • Market Improvement Value: $246,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,664
  • Assessed Land Value: $800
  • Assessed Improvements Value: $9,864

    Sales

  • Current Sale Contract Date: Mar 01, 2021
  • Current Sale Recording Date: Mar 17, 2021
  • Current Sale Transaction ID: 11825246610
  • Current Sale Price: $245,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021-14486

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Mar 17, 2021
  • First Mortgage Loan Amount: $240,562
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About Wellford



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Frequently Asked Questions

What neighborhood is 520 Gibbs Road located in?
The 520 Gibbs Road is a located in the neighborhood of Spartanburg in Wellford, Wellford.
What is the average sales price for listings in 520 Gibbs Road?
The average sales price for units in 520 Gibbs Road is $0 currently.

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