501 Elm St
Cherryville, NC 28021
3 bd 2 ba 1,761 sqft Built 1924 Lot 24,394 sqft single_family
Most recent sale
$319,000
Aug 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 16, 2022 | Sold | $319,000 | MLS #3841867 |
| Apr 1, 2022 | Price changed | $319,000 | MLS #3841867 |
| Mar 23, 2022 | Listed | $339,000 | MLS #3841867 |
| Sep 23, 2015 | Sold | $150,000 | Public Record |
| Jul 30, 2015 | Listing removed | $158,900 | ClevelandCounty |
| Jun 10, 2015 | Listed | $158,900 | MLS #56444 |
| Mar 1, 1993 | Sold | $75,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $217,500 | $18,000 | $235,500 | $2,541 |
| 2024 | $217,500 | $18,000 | $235,500 | $2,541 |
| 2023 | $217,500 | $18,000 | $235,500 | $2,566 |
| 2021 | $97,000 | $15,000 | $112,000 | $1,512 |
| 2020 | $97,000 | $15,000 | $112,000 | $1,512 |
| 2019 | $97,000 | $15,000 | $112,000 | $1,456 |
| 2018 | $96,641 | $13,200 | $109,841 | $1,461 |
| 2017 | $93,497 | $13,200 | $106,697 | $1,461 |
Property facts
Year built
1924
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,761 sqft
Lot size
24,394 sqft
ZIP code
28021
City
Cherryville
Street
Elm St
Coordinates
35.37197, -81.37947
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,377
Gross rental yield
8.94%
Implied cap rate
5.81%
Trend-extrapolated value
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Frequently asked questions
When did 501 Elm St last sell?
501 Elm St most recently sold on Aug 16, 2022 for $319,000.
What is the current tax assessment for 501 Elm St?
The most recent total assessment for 501 Elm St (year 2025) is $235,500 with $2,541 in property tax.
How does 501 Elm St's assessment compare to its last sale price?
The current assessment is 26.2% below the last sale price of $319,000.
When was 501 Elm St built?
501 Elm St was built in 1924.
How does 501 Elm St compare to others on Elm St?
We track 8 other properties on Elm St. Browse the list under "Other properties on Elm St" to compare beds, baths, and sale history.
What are the property facts for 501 Elm St?
501 Elm St is a 3 bed, 2 bath, 1,761 sqft, 24,394 sqft lot single_family.
Is 501 Elm St a flip candidate?
No — 501 Elm St does not appear in our flips dataset.
Is 501 Elm St a tax-appeal candidate?
No — 501 Elm St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.6%
Implied 1-yr
+6.5%
2026 Q2
$286.7K
2026 Q3
$290.8K
ZIP 28021 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Elm St