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503 2nd St

Cherryville, NC 28021

3 bd 2 ba 1,008 sqft Built 1942 Lot 22,651 sqft single_family
Most recent sale
$222,000
Jan 12, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 9, 2024 Price changed $236,900 CanopyMLS
Apr 23, 2024 Listed $239,900 CanopyMLS
Jan 12, 2024 Sold $222,000 CanopyMLS
Dec 3, 2023 Price changed $219,900 CanopyMLS
Nov 18, 2023 Listed $225,000 CanopyMLS
Jul 15, 2023 Listing removed CanopyMLS
Jul 13, 2023 Sold $86,000 CanopyMLS
Jun 15, 2023 Listed $79,000 CanopyMLS
Jul 30, 2018 Sold $35,000 CanopyMLS
Jun 30, 2018 Listing removed $39,900 ClevelandCounty
Jun 28, 2018 Listed $39,900 ClevelandCounty

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $161,210 $14,000 $175,210 $1,890
2024 $161,210 $14,000 $175,210 $873
2023 $66,950 $14,000 $80,950 $882
2021 $36,770 $9,000 $45,770 $617
2020 $36,770 $9,000 $45,770 $617
2019 $36,770 $9,000 $45,770 $595
2018 $27,457 $6,000 $33,457 $444
2017 $27,457 $6,000 $33,457 $444
2016 $27,457 $6,000 $33,457 $59
2015 $27,457 $6,000 $33,457 $60
2014 $28,412 $9,000 $37,412 $114
2013 $28,412 $9,000 $37,412 $114
2012 $28,412 $9,000 $37,412 $111
2010 $28,412 $9,000 $37,412 $110
2009 $28,412 $9,000 $37,412 $106
2008 $28,412 $9,000 $37,412 $185
2007 $28,412 $9,000 $37,412 $188

Property facts

Year built
1942
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,008 sqft
Lot size
22,651 sqft
ZIP code
28021
City
Cherryville
Street
2nd St
Coordinates
35.37865, -81.38705

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,361
Gross rental yield
7.36%
Implied cap rate
4.78%
Trend-extrapolated value

Frequently asked questions

When did 503 2nd St last sell?
503 2nd St most recently sold on Jan 12, 2024 for $222,000.
What is the current tax assessment for 503 2nd St?
The most recent total assessment for 503 2nd St (year 2025) is $175,210 with $1,890 in property tax.
How does 503 2nd St's assessment compare to its last sale price?
The current assessment is 21.1% below the last sale price of $222,000.
When was 503 2nd St built?
503 2nd St was built in 1942.
How does 503 2nd St compare to others on 2nd St?
We track 8 other properties on 2nd St. Browse the list under "Other properties on 2nd St" to compare beds, baths, and sale history.
What are the property facts for 503 2nd St?
503 2nd St is a 3 bed, 2 bath, 1,008 sqft, 22,651 sqft lot single_family.
Is 503 2nd St a flip candidate?
Yes — 503 2nd St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 503 2nd St a tax-appeal candidate?
No — 503 2nd St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.6%
Implied 1-yr
+6.5%
2026 Q2
$286.7K
2026 Q3
$290.8K
ZIP 28021 — Median Price History + Forecast

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