NOT LISTED FOR SALE

507 S Elm St Cherryville, NC 28021

Estimated Value: $226,814 - $239,000

3 Beds
1 Bath
1,725 Sq Ft
$135/Sq Ft Est. Value

Last Sold July 25, 2023

Last sale price $242,500 $141 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,444/month

79 Days on Market

Highlights

  • Cottage
  • Front Porch
  • Central Heating and Cooling System
  • 1 Car Detached Garage
  • 1-Story Property
  • Level Lot

About This Home

As of July 2023

Welcome to this beautifully renovated home! The abundant windows bring in natural light that makes the home feel bright and spacious. The brand new, large cabinets in the kitchen give you plenty of room for all of your cookware and the large island, with granite counter tops, is perfect for entertaining and prepping meals. New refrigerator and appliances. The fireplace, in the living room will be perfect for a cozy night in and the sun room would be great for relaxing and reading your favorite book. The large primary bedroom has a lot of natural light that make the room feel spacious and elegant. There's a large lot for gardening and entertaining that feels like a retreat. There's also a garage with a workshop for all of your tools and equipment. Overall this move-in ready home is ready for its new owner, so make your appointment today before it's gone!

Last Listed By

Serge Mnatsakanov

Keller Williams Ballantyne Area License #286356 Listed on: 04/07/2023

Keller Williams Ballantyne Area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,765

Year Built

  • Built in 1924

Lot Details

  • Level Lot
  • Cleared Lot
  • Property is zoned R1

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Wired For Data
  • Living Room with Fireplace
  • Vinyl Flooring
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • ENERGY STAR Qualified Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Sump Pump
  • Crawl Space

Outdoor Features

  • Front Porch

Schools

  • Cherryville Elementary School
  • John Chavis Middle School
  • Cherryville High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Cherry Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 130895

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,765

Year Built

Built in 1924

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1924
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 140.58
  • Geocode Confidence: High
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1725
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 244
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 244
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Range, ENERGY STAR Qualified Dishwasher, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 1725
  • Has Basement: Sump Pump
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1725
  • Bedroom Main: 3
  • Room Count: 7

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 240
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Wired Internet Available
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: John Chavis
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Area: 0.34
  • Lot Size Units: Acres
  • Parcel Number: 130895
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Cherryville
  • High School: Cherryville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Jul 20, 2023
Sold by
Vargas Services Llc
Bought by
Ardrey Avery and Ardrey Stacey Stevenson
Seller's Agent
Serge Mnatsakanov
Keller Williams Ballantyne Area
Buyer's Agent
Angelia Peterson
Asheworth Group WNC Real Estate LLC
List Price
$250,000
Sold Price
$242,500
Premium/Discount to List
-$7,500
-3%
Total Days on Market
79
Views
204
Current Estimated Value
$232,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,046
Avg. Annual Appreciation
-2.85%
Original Mortgage
$194,000
Outstanding Balance
$190,821
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$39,652

Purchase Details

Closed on
Nov 28, 2022
Sold by
Investcar Llc
Bought by
Vargas Services Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,619
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 21, 2022
Sold by
Sorenson William Todd and Sorenson Deborah W
Bought by
Investcar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,619
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Closed on
May 12, 1994
Bought by
Sorenson William Todd and Sorenson Deborah W

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ardrey Avery $242,500 None Listed On Document
Vargas Services Llc $121,000 --
Investcar Llc $95,000 --
Sorenson William Todd $46,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ardrey Avery $194,000
Previous Owner Vargas Services Llc $99,619
Previous Owner Sorenson William Todd $88,500
Previous Owner Sorenson William Todd $88,000
Previous Owner Sorenson William Todd $79,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2023 07/25/23 Sold $242,500 -3.0% $141 / Sq Ft
06/01/2023 06/01/23 For Sale $250,000 +3.1% $145 / Sq Ft
05/11/2023 05/11/23 Off Market $242,500 -- --
04/07/2023 04/07/23 For Sale $250,000 -- $145 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,765 $163,560 $18,000 $145,560
2023 $1,783 $163,560 $18,000 $145,560
2022 $1,225 $92,080 $15,000 $77,080
2021 $1,275 $92,080 $15,000 $77,080
2019 $1,197 $92,080 $15,000 $77,080
2018 $1,131 $85,053 $13,200 $71,853
2017 $1,131 $85,053 $13,200 $71,853
2016 $1,131 $85,053 $0 $0
2014 $1,120 $84,175 $18,000 $66,175
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4008371

Canopy MLS (Canopy Realtor® Association)

APN: 130895