702 E Main St, Cherryville, NC, 28021

$324,000

Home List Price

$3,848*

Closing Credit

3 Bedrooms
2 Partial Baths
2,944 SqFt
$110/SqFt
Condo
Schools Nearby

Location

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702 E Main St, Cherryville$324,000

Buyer Closing Credits

$3,848*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached Carport, Detached Garage, Parking Lot
Year Built1942
HeatingOther
CoolingOther
BasementYes
MLS #4106662
StatusActive

About 702 E Main St

Motivated Seller! CALLING ALL INVESTORS with vision who want monthly cash flow! Former funeral home walking distance to up & coming downtown Cherryville! This property has a conditional use for multi-family for up to 6 units due to acreage (see attached zoning regulations and call Cherryville Planning Department with questions). Listed as a 3 bedroom due to 6'9" ceiling height upstairs, where you will find 3 additional rooms and an additional 1358 sq ft. 5 exterior entrances. Since it was previously used as commercial space, there are no full bathrooms - only (2) half baths with a separate shower stall. Double lot with ginormous parking lot and 3 bay detached garage with plenty of room for potential second build. Rent out garage space to future tenants for vehicles or regular storage. Add coin laundry for additional cash flow - the opportunities are endless! You have to see this one to understand its full potential! Cross-listed in Commercial (MLS 4104640) and Residential (MLS 4106617)

Property Details

Property Features

Property Information:

  • Year Built: 1942
  • Stories: 2
  • Living Area: 2,944 SqFt

Listing Office:

  • Office Name: Premier South

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Flooring Type: Carpet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Storage

Parking Information:

  • Attached Garage: No
  • Parking: Attached Carport, Detached Garage, Parking Lot

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Cherryville High School, Public District Grades 9-12
  • John Chavis Middle School, Public District Grades 6-8
  • Cherryville Elementary School, Public District Grades PK-3
  • W.B. Beam Intermediate School, Public District Grades 4-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $324,000
  • Price Per SqFt: $110/SqFt

Tax Information:

  • Annual Amount: $2,075
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Cherryville, NC.

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Cherryville, NC

City

Med. Sold Price

$243.7K

Med. Price/SqFt

$165

Avg. Days On Market

61

# of Sold Homes

12

702 E Main St vs Cherryville

81 DAYS ON ROCKET

+20 Days

$324,000

+$80.2K More

$110/SqFt

-$56 Less

KEY TAKEAWAY

This property is $80.2K more than the Median Sold Price and $56/SqFt less than other homes in Cherryville, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4106662

Listing Office:

  • Office Name: Premier South

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 1:21:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 06, 2012Home Sold
$70,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,075$153,720
2020$2,075$153,720
2019$2,017$153,720
2018$2,018$151,693
2017$2,018$151,693

History based on county public records data.

Payment Calculator

$1,685

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,038

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1285154
8
/10

  • Cherryville Elementary School

  • 700 E Academy St

  • 0.18 miles

  • Public District Grades PK-3

school-card-donut-1285155
4
/10

  • W.B. Beam Intermediate School

  • 401east First St

  • 0.30 miles

  • Public District Grades 4-5

Middle School

school-card-donut-1285156
4
/10

  • John Chavis Middle School

  • 103 S Chavis Dr

  • 0.65 miles

  • Public District Grades 6-8

High School

school-card-donut-1285157
5
/10

  • Cherryville High School

  • 313 Ridge Ave

  • 0.81 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,415. Residents of Cherryville, NC typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 702 E Main St

What is the listing price of this property?

The listing price of 702 E Main St property is $324,000.

What type of property is this?

The property 702 E Main St is a condo located in Cherryville, North Carolina, 28021.

Is this property for sale now?

Active Listing: 702 E Main St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 702 E Main St are:
Cherryville Elementary School: GreatSchools Rating 8/10
W.B. Beam Intermediate School: GreatSchools Rating 4/10
John Chavis Middle School: GreatSchools Rating 4/10
Cherryville High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,075 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 6, 2012 for $70,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 702 E Main St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 702 E Main St is 2,944 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 702 E Main St is 1942.

Rocket Homes›North Carolina›Gaston County›Cherryville›28021›702 E Main St

This home is located at 702 E Main St in Cherryville, NC and zip code 28021. This 2,944 square foot home was built in 1942. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 05, 2024 and is currently priced at $324,000.

In March 2024, from all listings sold in Cherryville, NC there were more than 5 sold above asking price, over 6 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Cherryville, NC between February 2024 and March 2024 increased by 31.9%. In March 2024, listings were on the market for 61 days. During the same period, the median list price in this real estate market was $243,750.

From Rocket Homes Real Estate and based on county public records data.

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