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5008 Watercrest Trail

5008 Watercrest Trail, Belmont, NC 28012
Property in Gaston
Sold Dec 30, 2020
$361,500
$439,611 by First Savings Bank
Mortgage Due May 25, 2052
Sold Feb 18, 2020
$447,500
5008 Watercrest Trail in Belmont, NC was first built in 2020 and is 4 years old. This has been categorized as a residential property type. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 5008 Watercrest Trail has 2,904 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 12,197 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of C+. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5008 Watercrest Trail sold most recently in Dec 30, 2020 for a total of $361,500. If you work out the math, that's approximately a cost of $124.48 per sqft. Before that, the property was also sold for $447,500 in Feb 18, 2020. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,092 in taxes each year. The initial year of tax delinquency occurred in 2022. 5008 Watercrest Trail was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $478,140. If we break it down further, the land itself was valued at $82,000. Improvements to the property, however, were assessed at a total of $396,140. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C+
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,197
  • Total Building Area: 2,904
  • Building Area: 2,904
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,904
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FINAL PLAT OF OVERLAKE PHASE 1 MAP 5
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Residential common area (condo/pud/etc.)
  • Legal Description 1: OVERLAKE LOTS 96 PLAT BOOK 090 PAGE 004

Ownership

  • Current Owner : BEGLEY CHRISTOPHER M
  • Current Owner 2: BEGLEY MEGHAN FROST
  • Previous Owner : SHEA INVESTMENTS FUND 4 LLC
  • Owner Before Previous Owner: NW LAKE WYLIE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gaston County Schools
  • School Tax School District: BELMONT CITY
  • Census Tract: 032510

Geography

  • Assessors Map Reference: MP 90 PG 4
  • District: BELMONT CITY
  • Parcel: 301856
  • Lot: 96
  • Municipality: BELMONT CITY
  • Latitude: 35.166
  • Longitude: -81.0478

    Address

  • Full Address: 5008 Watercrest Trl
  • Address - House Number: 5008
  • Address - Street Name: Watercrest
  • Address - Suffix Type: Trl
  • State: NC
  • City Name: Belmont
  • Carrier Code: R007
  • 4-Digit Zip Code: 9000
  • Zip Code: 28012

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,092
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2274
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 68
  • Final Value: 538,212
  • High Value: 660,645
  • Low Value: 415,780

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $439,611
  • First Open Lien Mortgage Lender: FIRST SAVINGS BANK
  • First Open Lien Mortgage Recording Date: May 31, 2022
  • First Open Lien Mortgage Loan Amount: $439,611
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: May 25, 2052

    Market Valuation

  • Market Total Value: $369,580
  • Market Land Value: $60,000
  • Market Improvement Value: $309,580

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $478,140
  • Assessed Land Value: $82,000
  • Assessed Improvements Value: $396,140

    Sales

  • Current Sale Contract Date: Dec 30, 2020
  • Current Sale Recording Date: Dec 30, 2020
  • Current Sale Transaction ID: 11816522109
  • Current Sale Price: $361,500
  • Current Sale Document Type: Special Warranty Deed
  • Previous Sale Recording Date: Feb 18, 2020
  • Previous Sale Contract Date: Feb 18, 2020
  • Previous Sale Amount: $447,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Dec 30, 2020
  • First Mortgage Loan Amount: $337,565
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

About Gaston



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5008 Watercrest Trail located in?
The 5008 Watercrest Trail is a located in the neighborhood of Gaston in Gaston, Belmont.
What is the average sales price for listings in 5008 Watercrest Trail?
The average sales price for units in 5008 Watercrest Trail is $0 currently.

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