5505 Torrence Street

5505 Torrence Street in Charlotte, NC was first built in 1941 and is 83 years old. Although, the building on the property was most recently renovated and altered in 1970. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown style. It is a single story home. This is a single bedroom home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5505 Torrence Street has 840 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,792 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of asphalt. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Dec 17, 2021 for $116,000. That's $138.10 per sqft. Prior to that sales transaction, the property was also sold in Feb 14, 1997 for $500. 5505 Torrence Street was last assessed in 2023. The total value of the property was assessed at $160,700. Specifically, the land the property is located on was valued at $45,000. While improvements on the property were assessed at a total of $115,700. 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 $719. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.