tomo logo

$340,000

Beds
5
Baths
3.0
sq ft
1,810

404 East First Street, Cherryville, NC 28021

404 East First Street

Cherryville, NC 28021

  • 132 days on market
This property listing in Cherryville consists of two separate units, parcels 129379 and 205178 and will be sold together. Parcel 129379 is a 2 story, brick home consisting of 3 bedrooms and 2 baths. The living room, kitchen, breakfast bar, laundry, sunroom along with two bedrooms and two full baths make up the downstairs area. The upstairs is one bedroom with a bonus living/storage area. The upstairs is cooled by a window unit. Parcel 205178 has an updated kitchen, living room and 1.5 bath along with 2 bedrooms. This unit also has a laundry room and storage area. This unit sits on a corner lot and was converted from a commercial business to living quarters. Improvements were not permitted. These properties would make great income producing units or multi-family living. This property is located across the street from the intermediate school building and a block from the downtown area and a block from Hwy 150 that gives you easy access to local activities, shopping and retail options.

Details

Property type

Single Family Residence

Est. home value

$154,475

Lot size

Unknown

Price per sq ft

$188

Year built

1950

Price History

07/03/2024
CanopyMLS

CanopyMLS #4157688

Listed
$340,000
+518.18%
05/01/2015
CanopyMLS

CanopyMLS #3073773

Sold
$55,000

Schools & Community

Elementary school: 

Cherryville

Middle school: 

John Chavis

High school: 

Cherryville

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Equifirst Corp

Loan start date

April 2002

Original loan amount

$52,250

Est. remaining balance

Not provided

Interest rate

10.5%

Loan type

Not Provided, 30 year

Seller

Jimmy Morgan and Paula Morgan

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
CanopyMLS
$349,000
5 bd
|
2.5 ba
|
1,783 sq ft
|
House

724 Vista Drive, Cherryville, NC 28021

Price drop
CanopyMLS
$348,499
5 bd
|
2 ba
|
2,275 sq ft
|
House

211 N High Street, Lincolnton, NC 28092

Price drop
CanopyMLS
$315,000
2 bd
|
2.5 ba
|
1,993 sq ft
|
House

1401 Post Road, Shelby, NC 28150

Status: Active

Tomo last checked: 11/12/2024 at 5:55 PM

Listing updated: 07/09/2024 at 10:36 PM

Listed by: Judy Brandt, RE/MAX Crossroads Phone #: (704) 736-1717

MLS: CanopyMLS #4157688

CanopyMLS logo