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Single Family ResidenceResidential
$340,341$145 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $325,000 on May 15, 2024

118 GAP RIDGE LOOP

STATESVILLE, NC 28625
5
Beds
3 / 1
Baths
2,340 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.25 ac
Lot SizeThe size of the land the home sits on, from county records.
2024
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$340K
$309K low$371K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$325,000 · May 15, 2024
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$31,830
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$25,464
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.91%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$308,511
ROCKET MORTGAGE LLC · recorded May 15, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,377 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$325,920 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$60,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$265,920
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$60,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$325,920

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.42
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
10
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
83
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
86
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
33
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyIredell
Lot (acres)The size of the land the home sits on, from county records.0.25
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Footing
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Central
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 60 ft²

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Cloverleaf Elementary SchoolD+
Elementary · Grades KG–5 · 0.2 mi
H
Statesville High SchoolD-
High · Grades 9–12 · 2.5 mi
M
East Iredell Middle SchoolF
Middle · Grades 6–8 · 4.4 mi

District: Iredell-Statesville Schools

Neighborhood · ZIP 28625These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.96
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.71

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.8.9%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.42,288
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.214 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$66,047
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$82,185
Average tempThe average temperature here across a full year.59°F
Annual precipHow much rain and melted snow falls here in a typical year.48 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.60%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

118 Gap Ridge Loop measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 68% of homes in Statesville 28625
  • Costs less per square foot than 82% of homes in Iredell County
  • Bigger than 84% of homes in Statesville 28625
  • Has a smaller lot than 91% of homes in Statesville 28625
  • Among the newest homes in Statesville 28625

What homes are worth in Statesville 28625

Each bar is how many homes fall in that price range. The marker is this home.

This home
$65K$739K

This home is worth more than 68% of homes in Statesville 28625.

How it measures up in Statesville 28625

The dot is this home. The mark in the middle is the typical home in Statesville 28625.

Estimated value$340,341
CheaperTypical $290,519Pricier

Pricier than 68% of homes nearby

Price per ft²$145
CheaperTypical $179Pricier

Pricier than 25% of homes nearby

Living area2,340 ft²
SmallerTypical 1,595 ft²Bigger

Bigger than 84% of homes nearby

Lot size0.25 ac
SmallerTypical 0.76 acBigger

Bigger than 9% of homes nearby

Year built2024
OlderTypical 1991Newer

Newer than almost all homes nearby

How 118 Gap Ridge Loop ranks against every home in each area.
MeasureThis homeStatesville 28625Iredell County
Estimated valuepricier than$340,34168% of homes45% of homes
Price per ft²pricier than$14525% of homes18% of homes
Living areabigger than2,340 ft²84% of homes70% of homes
Lot sizebigger than0.25 ac9% of homes24% of homes
Year builtnewer than2024almost all homesalmost all homes

About 118 Gap Ridge Loop

How much is 118 Gap Ridge Loop, Statesville, NC worth?

The TopHap Estimate for 118 Gap Ridge Loop, Statesville, NC is $340,341 as of Jul 14, 2026. The likely range is $309,208 to $371,474. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 118 Gap Ridge Loop, Statesville, NC last sell?

118 Gap Ridge Loop, Statesville, NC last sold on May 15, 2024 for $325,000, according to the county's recorded deed.

How big is 118 Gap Ridge Loop, Statesville, NC?

118 Gap Ridge Loop, Statesville, NC has 5 bedrooms, 3 bathrooms, 2,340 square feet of living space and a 0.25-acre lot.

When was 118 Gap Ridge Loop, Statesville, NC built?

118 Gap Ridge Loop, Statesville, NC was built in 2024, making it 2 years old. The building has 2 stories.

What schools serve 118 Gap Ridge Loop, Statesville, NC?

118 Gap Ridge Loop, Statesville, NC is assigned to Cloverleaf Elementary School (elementary), rated D+; Statesville High School (high), rated D-; East Iredell Middle School (middle), rated F. All sit in Iredell-Statesville Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 118 Gap Ridge Loop, Statesville, NC compare to other homes in Statesville 28625?

Among the 16,743 homes in Statesville 28625, it is worth more than 68% of them ($340,341 against a typical $290,519), its price per square foot is higher than 25% of them ($145 against a typical $179), it is bigger than 84% of them (2,340 ft² against a typical 1,595 ft²), its lot is bigger than 9% of them (0.25 ac against a typical 0.76 ac) and it is newer than almost all of them (2024 against a typical 1991). Measured against all of Iredell County, it is worth more than 45% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 118 Gap Ridge Loop, Statesville, NC?

The 2025 property tax bill for 118 Gap Ridge Loop, Statesville, NC was $3,377. The county assessed it at $325,920.

Closest homes

More homes in Statesville 28625

Assigned schools

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