Comparative Market Analysis

216 Bee's Branch Rd, Blacksburg, SC 29702

Prepared for Angela Ramsey
November 4, 2024

Kristin Hunteman

Realty ONE Group Freedom

Kristin Hunteman


Agent Contact Info

Kristin Hunteman

Realty ONE Group Freedom

License: 117519

(864)-863-7717

Unlisted

101 N Pine St Ste 401

Spartanburg , SC 29302

Seasoned real estate professional with 16+ years of diverse experience as a salesperson, broker, corporate agent, and educator. Specializing in smooth transactions for buyers, sellers, and investors in Spartanburg, Greenville, and surrounding areas.


What is a CMA?

A Comparative Market Analysis, or CMA, is a report used to determine the fair market value of a home. Based on local market data, a CMA takes into account recent and pending sales as well as current listings. From this information, we can establish an appropriate listing price for your house. This price may need to be adjusted as the market changes to ensure that your house remains competitively priced.

The fair market value of a home is determined by the dollar amount a knowledgeable buyer and seller would agree on within a reasonable amount of time (usually within 90 days). The fair market value is only an estimate. It also takes into consideration such things as location and home condition. Price adjustments are based on fluctuations in the market, interest, and motivation.

This CMA report includes information on current local listings and other recently sold (or pending sales) in your neighborhood. Although no house is exactly like yours, these are the most similar properties and are often the ones that appraisers use to determine home values. Also factored in are things such as: square footage, location, amenities, property condition, and existing financing.

All included data has come from the most reliable sources: local real estate firms, title companies, and the Multiple Listing Service (MLS).


Subject Property Summary

216 Bee's Branch Rd

Blacksburg, SC 29702

beds

3

baths

2.0

sqft

-


Map of Listings

=Subject A =Active P =Pending S =Sold O =Off Market
Status Address List Price Sold Price Sold Date
216 Bee's Branch Rd
A1 199 Bees Branch Rd $189,900
A2 110 Old Shelby St $125,000
S1 240 Pearson St $215,000 $180,000 Mar 1, 2024

Comparable Properties Summary

Active Listings Summary

2 active listings

199 Bees Branch Rd

beds

2

baths

2.0

list price

$189,900

sqft

1,456

$/sqft

$130

DOM

150

110 Old Shelby St

beds

3

baths

2.0

list price

$125,000

sqft

1,202

$/sqft

$104

DOM

68

Active Averages

list price

$157,450

sqft

1,329

$/sqft

$117

DOM

109

Sold Listings Summary

1 sold listings

Sold: Mar 1, 2024

240 Pearson St

beds

3

baths

2.0

list price

$215,000

sold price

$180,000

price %

83.7%

sqft

2,004

$/sqft

$90

DOM

75

Sold Averages

list price

$215,000

sold price

$180,000

price %

83.7%

sqft

2,004

$/sqft

$90

DOM

75


Property Details

Active Listing #1

199 Bees Branch Rd

Blacksburg, SC 29702

$189,900

Residential

MLS®# 312154

Status: Active

beds

2

baths

2

sqft

1,456

lot sqft

68,824

days on market

150

year built

1992

Location

County: Cherokee

Neighborhood: Unknown

School District: 8 (Outside Co)

Description

This home has been very well maintained and the location is superb! Tucked just between Gaffney and Kings Mountain, just minutes to I-85, Shelby NC, Hwy. 18 and Clover. Currently this home is set up as a 2 bedroom, but could easily be 3! Featuring fresh paint throughout, this split floor plan also offers a large addition for dining, entertaining guests or a nice game room for the kiddos. Screened in patio overlooks fenced in yard where you'll admire the nice goldfish pond and turtle cove. The front porch is surrounded by herbs and foliage, making this a perfect spot for sipping coffee while watching the chickens peck. Take a stroll down to the creek or after a long day, unwind on the third porch under the pergola and relax in your NEW 7 person jacuzzi hot tub! Last but not least, there are two HUGE utility buildings with power so if you have hobbies or need storage, this is a great opportunity for both!

Features

Listing courtesy of Better Homes & Gardens Young &


Active Listing #2

110 Old Shelby St

Blacksburg, SC 29702

$125,000

Residential

MLS®# 315058

Status: Active

beds

3

baths

2

sqft

1,202

lot sqft

16,552

days on market

68

year built

1995

Location

County: Cherokee

Neighborhood: Unknown

School District: 8 (Outside Co)

Description

Discover the welcoming charm of 110 Old Shelby Road in Blacksburg. This single-wide home boasts 1,202 square feet of living space, featuring recent renovations including new flooring, paint, cabinets, and carpet. Enjoy outdoor living on the front deck. There is a new deck off the rear of the home. This home has the convenience of a single carport and an outbuilding for extra storage. You can enjoy outdoor living on the level lot with some trees. This home provides a comfortable and updated living environment ready for its next owner. This home is a short drive to downtown or I85.

Features

Listing courtesy of Ponce Realty Group, LLC


Sold Listing #1

240 Pearson St

Blacksburg, SC 29702

list: $215,000

sold: $180,000

Residential

MLS®# 306463

Status: Sold Sold: Mar 1, 2024

beds

3

baths

2

sqft

2,004

lot sqft

291,852

days on market

75

year built

1990

Location

County: Cherokee

Neighborhood: Unknown

School District: 11 (Cherokee)

Description

Looking for that special sanctuary where you can get away from it all? This secluded property might be the perfect fit. This 3BR/2BA house with approximately 2000 sqft sits on 6.1 acres of privacy. Split bedroom plan house with Master BR on one side. Master BR has separate sitting room and large bath. Family room and kitchen in middle of house with the extra 2 bedrooms, additional bath and laundry on other side of house. Kitchen includes refrigerator, stove and pantry. Washer/dryer to stay too. Both auxiliary bedrooms have nice, walk-in closets. Property has in-ground pool that is of no value currently, will either need to be repaired or filled in. Land is mostly wooded with mature trees for extra privacy. Back corner of property borders Bees Branch Creek, a nice year-round flowing creek. This property has no restrictions, no HOA and is located near NC/SC state line close to Shelby, Gastonia, Blacksburg, Gaffney and even Charlotte is not far away. There is a lot to like about the property but will need updates and repairs. Perfect for handyman or investor who can buy to finish like you want. Long, private drive to house from Pearson St. No active heat or cooling source except for gas heater and wall units. Will not qualify for traditional financing due to pool uncovered and in disrepair. Buyer will need to pay cash or get a rehab loan. Selling house as-is. But could be jewel with the right touch! Well water services the house. Put solar panels up and maybe get off the grid. With the extra acreage you can add additional home(s), raise your chickens or have your animals with nobody to bother you.

Features

Listing courtesy of Buice Realty, Inc.



Comparable Property Statistics

Active Listings: 2

lowest price

$125,000

average price

$157,450

median price

$157,450

highest price

$189,900

average $/sqft

$117

average days on market

109

199 Bees Branch Rd

$189,900

110 Old Shelby St

$125,000

Pending Listings: 0

Sold Listings: 1

lowest price

$180,000

average price

$180,000

median price

$180,000

highest price

$180,000

average $/sqft

$90

average days on market

75

240 Pearson St

$180,000

Off Market Listings: 0


Suggested List Price

$176,633 - $180,000

90 - 150 days