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551 7th Street Northwest

551 7th Street Northwest, Hickory, NC 28601
Sold Dec 04, 2020
$440,000
$373,915 by Movement Mortgage
Mortgage Due Jan 01, 2051
Sold Jul 12, 2016
$350,000
$262,500 by Usaa Fsb
Mortgage Due Aug 01, 2046
Local assessors in Hickory, NC have categorized 551 7th Street Northwest as a residential type of property. The home was built in 1950 and is 74 years old. It was most recently renovated and altered in 2011. The property's lot size has been calculated to be 11,326 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 780 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 551 7th Street Northwest has a total of 3,366 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 551 7th Street Northwest was last sold in Dec 4, 2020 for $440,000. According to our calculations, that's $130.72 per sqft. Prior to that sales transaction, the property was sold for $350,000 in Jul 11, 2016. Current property owners are expected to pay $3,961 in taxes per year. The property on 551 7th Street Northwest was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $464,100. To break that down further, the land itself was valued at $26,600. While improvements to the property were assessed at a total of $437,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 2011
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Good
  • Building Quality: C+
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 11,326
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 780
  • Total Building Area: 3,366
  • Building Area: 3,366
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 3,366
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CH GEITNER PROPERTY
  • Land Acres: 0.26
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: LOT 25-27 PT 28 PL 3-92

Ownership

  • Current Owner : FAULKNER WILLIAM BULL
  • Current Owner 2: FAULKNER JORDAN LEIGH
  • Previous Owner : STEVENS BRADLEY ELLIOTT
  • Previous Owner 2: STEVENS TRACI MITCHEM
  • Owner Before Previous Owner: KECK DAVID R
  • Owner Before Previous Owner 2: KECK NINA L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hickory City Schools
  • School Tax School District: HICKORY
  • Census Tract: 010600

Zoning

  • Zoning: R-2

Geography

  • Parcel: 3703-14-22-9557
  • Lot: 25-27
  • Municipality: HICKORY
  • Latitude: 35.7402
  • Longitude: -81.3492

    Address

  • Full Address: 551 7th St Nw
  • Address - House Number: 551
  • Street Segment Direction: NW
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NC
  • City Name: Hickory
  • Carrier Code: C035
  • 4-Digit Zip Code: 3517
  • Zip Code: 28601

Valuation

    Tax

  • Total Area: 1,972
  • Tax Year: 2023
  • Tax Amount: $3,961
  • Tax Rate Code Area: HICKORY

    Appraisal Valuation

  • Standard Deviation: 0.247
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 65
  • Final Value: 562,273
  • High Value: 701,163
  • Low Value: 423,382

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $473,915
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 04, 2020
  • First Open Lien Mortgage Loan Amount: $373,915
  • 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: Jan 01, 2051
  • Second Open Lien Mortgage Lender: PEOPLES BANK
  • Second Open Lien Mortgage Recording Date: Dec 19, 2023
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Dec 14, 2038

    Market Valuation

  • Market Total Value: $464,100
  • Market Land Value: $26,600
  • Market Improvement Value: $437,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $464,100
  • Assessed Land Value: $26,600
  • Assessed Improvements Value: $437,500

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 04, 2020
  • Current Sale Transaction ID: 11803713760
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 25225
  • Previous Sale Recording Date: Jul 12, 2016
  • Previous Sale Contract Date: Jul 11, 2016
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Dec 04, 2020
  • First Mortgage Loan Amount: $373,915
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: USAA FSB
  • Previous Mortgage Transaction Date: Jul 12, 2016
  • Previous Mortgage Loan Amount: $262,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2046

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 551 7th Street Northwest located in?
The 551 7th Street Northwest is a located in the neighborhood of Oakwood - Hillcrest in Oakwood - Hillcrest, Hickory.
What is the average sales price for listings in 551 7th Street Northwest?
The average sales price for units in 551 7th Street Northwest is $0 currently.

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