NOT LISTED FOR SALE

1105 2nd St Spencer, NC 28159

Estimated Value: $762,472

16 Beds
16 Baths
7,800 Sq Ft
$98/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $545,370 $70 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,759/month

5 Days on Market

About This Home

As of September 2020

Excellent well maintained investment property with opportunity of potential rent increase in the future. Townhome units are close to schools and are 2.5 miles from the new Chewy warehouse distribution center. New paved parking lot 2019. All new windows 2016. 30 year architectural shingles installed 2008. Trane heat pumps per unit.

Last Agent to Sell the Property

Laura Eanes

NorthGroup Real Estate LLC License #306284 Listed on: 08/03/2020

NorthGroup Real Estate LLC

Last Buyer's Agent

Leigh Brown

One Community Real Estate License #213785

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 0.65

Home Design

  • Slab Foundation
  • Vinyl Siding

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

Listing and Financial Details

  • Tenant pays for cable, electric heat, electricity, water, all utilities
  • Rent includes garbage pick-up
  • Assessor Parcel Number 034078

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.02900
  • Ratio Close Price By Original Li: 1.02900
  • Ratio Current Price By Acre: 839030.77
  • Ratio Current Price By Sq Ft: 69.92
  • Year Built: 1985
  • Property Features: Dishwasher, Range/Oven, Refrigerator, Storage Room, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 8
  • Half Bathrooms: 8
  • Total Bedrooms: 16
  • Equipment: Dishwasher
  • Flooring: Carpet, Tile, Vinyl
  • Laundry Location: Main, Closet
  • Total Sq Ft: 7800

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 2

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 146x50x143x145x191
  • Lot Size Area: 0.650
  • Parcel Number: 034078
  • Zoning Specification: R6

Rental Info

  • Rent Includes: Garbage Pick-up
  • Tenant Pays: Cable, Electric Heat, Electricity, Water, All Utilities

Tax Info

  • Tax Value: 371488.00
  • Tax Location: Rowan

Multi Family

  • Unit Count: 8
  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2025
Sold by
Martin Bryan L
Bought by
Ollin Nc Llc
Total Days on Market
5
Current Estimated Value
$762,472

Purchase Details

Closed on
Mar 3, 2021
Sold by
Woodruff Ronald
Bought by
Woodruff Ronald

Purchase Details

Listed on
Aug 3, 2020
Closed on
Sep 18, 2020
Sold by
Reid Charlie U and Reid Shirley L
Bought by
Martin Bryan L and Martin Jennifer J
Seller's Agent
Laura Eanes
NorthGroup Real Estate LLC
Buyer's Agent
Leigh Brown
One Community Real Estate
List Price
$530,000
Sold Price
$545,370
Premium/Discount to List
$15,370
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.56%

Purchase Details

Closed on
Jul 31, 1989
Bought by
Reid Charlie Ules
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ollin Nc Llc -- None Listed On Document
Ollin Nc Llc -- None Listed On Document
Woodruff Ronald -- None Available
Martin Bryan L $545,500 Executive Title Llc
Reid Charlie Ules $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner B & J Martin Revocable Trust $544,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $545,370 +2.9% $70 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $530,000 -- $68 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,742 $508,163 $66,150 $442,013
2023 $5,742 $508,163 $66,150 $442,013
2022 $4,876 $371,488 $53,900 $317,588
2021 $4,876 $371,488 $53,900 $317,588
2020 $4,876 $371,488 $53,900 $317,588
2019 $4,876 $371,488 $53,900 $317,588
2018 $4,531 $349,133 $53,900 $295,233
2017 $4,531 $349,133 $53,900 $295,233
2016 $4,531 $349,133 $53,900 $295,233
2015 $4,600 $349,133 $53,900 $295,233
2014 $4,012 $313,960 $28,302 $285,658
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3647719

Canopy MLS (Canopy Realtor® Association)

APN: 034-078