1516 Melchor Rd
Albemarle, NC 28001
4 bd 2 ba 2,070 sqft Built 1987 Lot 30,000 sqft single_family
Most recent sale
$345,000
Mar 18, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 18, 2024 | Sold | $345,000 | CanopyMLS |
| Jan 25, 2024 | Price changed | $354,900 | CanopyMLS |
| Jan 11, 2024 | Price changed | $360,000 | CanopyMLS |
| Dec 28, 2023 | Listed | $375,000 | CanopyMLS |
| Feb 17, 2017 | Sold | $168,000 | CanopyMLS |
| Nov 1, 2016 | Price changed | $179,900 | CanopyMLS |
| Jun 4, 2016 | Relisted | $188,000 | CanopyMLS |
| Jun 1, 2016 | Listing removed | $188,000 | CanopyMLS |
| Feb 2, 2016 | Price changed | $188,000 | CanopyMLS |
| Nov 17, 2015 | Listed | $193,000 | CanopyMLS |
| Nov 30, 2012 | Sold | $150,500 | CanopyMLS |
| Jun 29, 2010 | Relisted | $157,900 | CanopyMLS |
| Jun 19, 2010 | Listing removed | $164,900 | CanopyMLS |
| Mar 31, 2010 | Listed | $164,900 | CanopyMLS |
| Mar 30, 2010 | Listing removed | $174,900 | CanopyMLS |
| Mar 16, 2010 | Price changed | $174,900 | CanopyMLS |
| Oct 15, 2009 | Listed | $179,900 | CanopyMLS |
| May 19, 2009 | Listing removed | $179,900 | CanopyMLS |
| Mar 10, 2009 | Listing removed | $189,900 | CanopyMLS |
| Mar 10, 2009 | Listed | $189,900 | CanopyMLS |
| Nov 6, 2008 | Listed | $189,900 | CanopyMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $300,784 | $43,956 | $344,740 | $3,861 |
| 2023 | $170,469 | $25,974 | $196,443 | $2,396 |
| 2022 | $170,469 | $25,974 | $196,443 | $2,396 |
| 2021 | $170,469 | $25,974 | $196,443 | $2,396 |
| 2020 | $138,674 | $25,974 | $164,648 | $2,135 |
| 2019 | $138,674 | $25,974 | $164,648 | $2,156 |
| 2018 | $138,674 | $25,974 | $164,648 | $2,135 |
| 2017 | $138,674 | $25,974 | $164,648 | $2,074 |
| 2016 | $135,850 | $27,972 | $163,822 | $2,064 |
| 2015 | $135,850 | $27,972 | $163,822 | $2,043 |
| 2014 | $135,850 | $27,972 | $163,822 | $2,064 |
| 2013 | $135,850 | $27,972 | $163,822 | $2,015 |
| 2012 | $148,479 | $31,094 | $179,573 | $2,208 |
| 2011 | $148,479 | $31,094 | $179,573 | $2,208 |
| 2010 | $148,479 | $31,094 | $179,573 | $2,208 |
| 2009 | $148,479 | $31,094 | $179,573 | $2,208 |
| 2008 | $148,479 | $31,094 | $179,573 | $2,208 |
| 2007 | $148,479 | $31,094 | $179,573 | $2,208 |
Property facts
Year built
1987
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
2,070 sqft
Lot size
30,000 sqft
ZIP code
28001
City
Albemarle
Street
Melchor Rd
Coordinates
35.37048, -80.18376
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,795
Gross rental yield
9.72%
Implied cap rate
6.32%
Trend-extrapolated value
—
Frequently asked questions
When did 1516 Melchor Rd last sell?
1516 Melchor Rd most recently sold on Mar 18, 2024 for $345,000.
What is the current tax assessment for 1516 Melchor Rd?
The most recent total assessment for 1516 Melchor Rd (year 2025) is $344,740 with $3,861 in property tax.
How does 1516 Melchor Rd's assessment compare to its last sale price?
The current assessment is 0.1% below the last sale price of $345,000.
When was 1516 Melchor Rd built?
1516 Melchor Rd was built in 1987.
How does 1516 Melchor Rd compare to others on Melchor Rd?
We track 8 other properties on Melchor Rd. Browse the list under "Other properties on Melchor Rd" to compare beds, baths, and sale history.
What are the property facts for 1516 Melchor Rd?
1516 Melchor Rd is a 4 bed, 2 bath, 2,070 sqft, 30,000 sqft lot single_family.
Is 1516 Melchor Rd a flip candidate?
No — 1516 Melchor Rd does not appear in our flips dataset.
Is 1516 Melchor Rd a tax-appeal candidate?
No — 1516 Melchor Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.1%
Implied 1-yr
+16.2%
2026 Q3
$380.5K
2026 Q4
$392.7K
ZIP 28001 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Melchor Rd