506 E Marion St, Shelby, NC 28150 Property Records

Cleveland County property record for 506 E Marion St, Shelby, NC 28150

Property Summary

Property Type	Townhouse
Details	5,213 sqft · built 1951
Lot Size	1.18 acres (51,429 sqft)
Owner	Company Name on File
Last Sale	$600,000 (Mar 2026)
Tax Bill	$5,214 (2026)
Deeds & Mortgages	Apr 2022 Mortgage Sep 2022 Mortgage + 4 more
Flood Zone	Zone X (minimal risk)
APN	`18595`

Property Details

APN / Parcel Number

Primary APN	`18595`
Alternative APN	`1339652`

Interior

Units	5 Units
Stories	2 Stories
Building Area	5,213 sqft Finished Area
Upper Floors Area	2,526 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1951
Effective Year Built	Effective 2001
Architectural Style	Townhouse
Exterior Material	Brick
Lot Area	51,429 sqft (1.18 acres)
Lot Dimensions	261 ft deep x 180 ft wide
Porch	Slab
Porch Area	464 sqft
Storage Building	180 sqft

Utilities, Heating & Cooling

Cooling System	Package A/C
Heating System	Heat Pump

Location & Zoning

Account Number	1339652
Street Address	506 E MARION ST
City	SHELBY
State	NC
Zip	28150-4699
Property Category	Residential
Property Type	Residential > Condominium / Townhouse > Townhouse
Local Zoning Code	RO
Legal Description	506 E MARION ST
Legal Subdivision	DR JE OSBORNE PROPERTY
Legal Block	1
Legal Lot Number	4
Jurisdiction	CLEVELAND NC
Township / Civil Division	CLEVELAND
Census Block Group	3
Census Block	3039
Census Tract	951000

Historic Designation

Source: NPS National Register of Historic Places, as of August 1, 2026

Historic District	Within the East Marion-Belvedere Park Historic District listed 2002 · 123 contributing resources · NRIS 02001667

Federal listing alone does not restrict alterations; local historic district rules, which this data does not cover, may apply.

Owner

Source: Cleveland County records, as of September 23, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on File
Mailing Address	503 PEACH ST, SHELBY, NC 28150-5542
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Apr 7, 2022	Deed of Trust, Mortgage · Commercial Mortgage MCU FINANCIAL CENTER CU
Sep 2, 2022	Deed of Trust, Mortgage · Commercial Mortgage LIMA ONE CAPITAL LLC
Sep 2, 2022	Deed of Trust, Mortgage · Commercial Mortgage LIMA ONE CAPITAL LLC
Mar 4, 2026	Warranty Deed, Transfer · Commercial Mortgage BANK OF THE OZARKS
May 6, 2021	Warranty Deed, Transfer · Commercial Mortgage BELL ROCK INCOME FUND 1 LLC
Jul 5, 2018	Quit Claim Deed, Transfer ATTORNEY ONLY

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Mar 4, 2026 · Amount on File
Deed Sale	Mar 4, 2026 · Amount on File
Prior Sale	May 6, 2021 · Amount on File
Deed Document Number	2026200125338
Deed Book / Page	1968 / 1557
Prior Transfer Date	Jul 5, 2018
Prior Transfer Doc	0017710814
Record Updated	Oct 29, 2026

April 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLEVELAND NC
Property Address	506 E MARION ST, SHELBY, NC 28150-4699
Transaction Type	Mortgage
Record Updated	Mar 18, 2026
Title Company	AMTRUST TITLE INSURANCE COMPANY, AMTRUST TITLE INSURANCE CO

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8033 FRONT PARK CIR, HUNTERSVILLE, NC 28078-6676

Mortgage

Document Number	0018691794
Date	Apr 7, 2022
Book Page	1869/1794
Instrument	200071074

Lender

Name	MCU FINANCIAL CENTER CU
Type	Credit Union
Address	CLEVELAND, OH 44114

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	6 Months
Due	Oct 7, 2022

September 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLEVELAND NC
Property Address	506 E MARION ST, SHELBY, NC 28150-4699
Transaction Type	Mortgage
Record Updated	Mar 18, 2026
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN MORTGAGE SLN

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8033 FRONT PARK CIR, HUNTERSVILLE, NC 28078-6676

Mortgage

Document Number	0018812583
Date	Sep 2, 2022
Book Page	1881/2583
Instrument	200077952

Lender

Name	LIMA ONE CAPITAL LLC
Type	Mortgage Company
Address	GREENVILLE, SC 29601

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

September 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CLEVELAND NC
Property Address	506 E MARION ST, SHELBY, NC 28150-4699
Transaction Type	Mortgage
Record Updated	Mar 18, 2026
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN MORTGAGE SLN

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	8033 FRONT PARK CIR, HUNTERSVILLE, NC 28078-6676

Mortgage

Document Number	0018812561
Date	Sep 2, 2022
Book Page	1881/2561
Instrument	200077951

Lender

Name	LIMA ONE CAPITAL LLC
Type	Mortgage Company
Address	GREENVILLE, SC 29601

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	361 Months
Due	Oct 1, 2052

March 2026: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CLEVELAND NC
Recording Date	Mar 4, 2026
Property Address	506 E MARION ST, SHELBY, NC 28150-4699
Document Number	0019681557
Book / Page	1968 / 1557
Map Reference	MB 52 PG 91
Instrument Date	Mar 4, 2026
Instrument	200125338
Transaction Type	Transfer
Record Updated	Mar 18, 2026

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$1,200.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	8033 FRONT PARK CIR, HUNTERSVILLE, NC 28078-6676

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	503 PEACH ST, SHELBY, NC 28150-5542

Mortgage

Document Number	0200125339
Date	Mar 4, 2026
Instrument	200125339

Lender

Name	BANK OF THE OZARKS
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

May 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	CLEVELAND NC
Recording Date	May 6, 2021
Property Address	506 E MARION ST, SHELBY, NC 28150-4699
Document Number	0018400994
Book / Page	1840 / 994
Map Reference	MB 5 PG 21
Instrument Date	May 5, 2021
Instrument	200054844
Transaction Type	Transfer
Record Updated	May 24, 2021

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$260.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1229 BROOKWOOD RD, 1229, SHELBY, NC 28150-4270

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	506 E MARION ST, SHELBY, NC 28150-4699

Mortgage

Document Number	1840997
Date	May 6, 2021
Instrument	1840/997

Lender

Name	BELL ROCK INCOME FUND 1 LLC
Type	Non-Lending Institution

Agreement

Type	Commercial Mortgage
Amount	Amount on Record
Term	6 Months
Due	Nov 6, 2021

July 2018: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	CLEVELAND NC
Recording Date	Jul 5, 2018
Property Address	506 E MARION ST, SHELBY, NC 28150-4699
Document Number	0017710814
Book / Page	001771 / 000814
Instrument Date	Jul 5, 2018
Instrument	15444
Transaction Type	Transfer
Record Updated	Jul 24, 2018
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Quitclaim Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1229 BROOKWOOD RD SHELBY NC 281504270, SHELBY, NC 28150-4270

Tax Assessment & Valuation

Source: Cleveland County assessment roll, as of September 30, 2025

Property Jurisdictions

Type	Name
State	North Carolina
County	Cleveland County
Municipality	Shelby City
Unified School District	Cleveland County Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$5,214.00 (+4.49%)	$501,550 (-) Land $152,337 Building $349,213	$501,550 (-) Land $152,337 Building $349,213
2025	$4,990.00	$501,550 (+32.82%) Land $152,337 Building $349,213	$501,550 (+32.82%) Land $152,337 Building $349,213
2023		$377,622 Land $42,777 Building $334,845	$377,622 Land $42,777 Building $334,845

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective March 5, 2020

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 94% of the US · lower than 96% of North Carolina
Wildfire Likelihood	0.02% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF SHELBY serves 23,600 people · EPA ID NC0123010
Water Source	Surface water
Last State Inspection	Apr 2026
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 273 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Ripple Fiber Fiber	2,000 / 2,000
Spectrum Cable	1,000 / 1,000
Starlink Satellite	280 / 30
AT&T DSL · Fiber in parts of the area	100 / 20

May also be available: Verizon.

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