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507 Reeves Ave; Albemarle, NC Property Details

507 Reeves Ave, Albemarle, NC is a Single Family that was built in 1945. This property is currently a cash purchase and is not for sale. Our records show that 507 Reeves Ave has 3 bedrooms, and 2 bathrooms, and a total of 1,359 square feet. The lot size of 507 Reeves Ave is 16,117 square feet.

Off market
507 Reeves Ave Albemarle, NC 28001
$225,000 Listing Price
3 Beds
2 Baths
1,359 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1945
  • Purchase Price: $225,000
  • Open Loans / Balance: 1 / $239,228
  • Est. Equity / %: $-3,228 / -1.37%
  • Gross Yield: 6.925%
  • APN: 654701191315
  • Situs County: Stanly
  • Length Of Ownership: 1 year, 3 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2

Structure

  • Floor Cover Type: Wood
  • Stories: 1.5
  • Exterior Wall Type: Brick veneer
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Quality: C+
  • Roof Type: Gable Or Hip
  • Roof Cover Type: Composition Shingle
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,359/SqFt
  • Lot: 16,117/SqFt
  • Garage: 440/SqFt
  • Living: 1,359/SqFt
  • Basement: 723/SqFt
  • Building: 1,359/SqFt
  • Garage Unfinished: 440/SqFt
  • Basement Unfinished: 723/SqFt
  • Price Per Square Foot: $165.56

Legal Description

  • Description: HSE 507 REEVES AVE LOT 56 57 654705064
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Stanly County Schools
  • Lat / Lon: 35.335884 / -80.20341
  • Subdivision: Reeves Property
  • Property Class: Residential
  • Zoning: R-10
  • County Use Code: 1

Amenities

  • Heating Fuel Type: Oil
  • Plus Four: 5659
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Central

Ownership Info

507 Reeves Ave has no associated ownership info
507 Reeves Ave has no associated ownership info.

Taxes

507 Reeves Ave has 10 associated Taxes items

507 Reeves Ave, Albemarle, NC pays taxes in Stanly County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $217,970. The APN we've located for 507 Reeves Ave is 654701191315.

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Taxes
  • Assessed Value:  $217,970
  • Assessed Year:  2025
  • Assessed County:  Stanly
  • APN:  654701191315
  • Assessed Land Value:  23175
  • Market Land Value:  23175
  • Tax Amount:  2441.27
  • Tax Year:  2025
  • Market Value:  217970
  • Market Year:  2025

Tax History

507 Reeves Ave has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $217,970 Land Value $23,175 Improvement Value $194,795 Tax Amount $2,441.27 Change Rate +0.497785% Assessed CR Tax Rate +0.0112%
Year 2024 Assessed Value $133,600 Land Value $12,360 Improvement Value $121,240 Tax Amount $1,629.92 Change Rate Assessed CR Tax Rate +0.0122%
Year 2023 Assessed Value $133,600 Land Value $12,360 Improvement Value $121,240 Tax Amount $1,629.92 Change Rate Assessed CR Tax Rate +0.0122%
Year 2022 Assessed Value $133,600 Land Value $12,360 Improvement Value $121,240 Tax Amount $1,629.92 Change Rate Assessed CR Tax Rate +0.0122%
Year 2021 Assessed Value $133,600 Land Value $12,360 Improvement Value $121,240 Tax Amount $1,629.92 Change Rate +0.141105% Assessed CR Tax Rate +0.0122%
Year 2020 Assessed Value $109,036 Land Value $10,506 Improvement Value $98,530 Tax Amount $1,428.37 Change Rate +0.259652% Assessed CR Tax Rate +0.0131%
Year 2019 Assessed Value $87,434 Land Value $10,506 Improvement Value $76,928 Tax Amount $1,133.94 Change Rate -0.640267% Assessed CR Tax Rate +0.012969%
Year 2018 Assessed Value $87,434 Land Value $10,506 Improvement Value $76,928 Tax Amount $3,152.17 Change Rate +1.861265% Assessed CR Tax Rate +0.036052%
Year 2017 Assessed Value $87,434 Land Value $10,506 Improvement Value $76,928 Tax Amount $1,101.67 Change Rate +0.057965% Assessed CR Tax Rate +0.0126%
Year 2016 Assessed Value $81,809 Land Value $9,270 Improvement Value $72,539 Tax Amount $1,041.31 Change Rate +0.021924% Assessed CR Tax Rate +0.012729%
Year 2015 Assessed Value $80,054 Land Value $9,270 Improvement Value $70,784 Tax Amount $1,018.97 Change Rate Assessed CR Tax Rate +0.012729%
Year 2014 Assessed Value $80,054 Land Value $9,270 Improvement Value $70,784 Tax Amount Change Rate Assessed CR Tax Rate
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $996.47 Change Rate Assessed CR Tax Rate