NOT LISTED FOR SALE

122 E Innes St Salisbury, NC 28144

Estimated Value: $717,244

2 Beds
2.5 Baths
9,698 Sq Ft
5,532 Sq Ft Lot

Last Sold August 07, 2019

Last sale price $440,000 $45 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,039/month

236 Days on Market

Highlights

  • City View
  • Contemporary Architecture
  • 1-minute walk to Salisbury Station

About This Home

As of August 2019

Unique mixed-use property in historic downtown Salisbury - combination of residential on 2nd floor and optional commercial on ground floor with freight elevator and sprinkler system throughout both levels. So large, the 2nd floor loft apartment has potential for 2 units. Currently it offers 2 bedrooms, a very large studio, 2 full baths (the master with Travertine Shower), kitchen area, plus expansive open living space with beautiful wood flooring. The ground floor has unlimited potential with wide open space, garage door, plus office / display area and a half bath.

Last Agent to Sell the Property

Ken Harmer

Arey Realty License #247880 Listed on: 10/18/2018

Last Buyer's Agent

Wendy Reynolds

WLS Realty LLC License #187713

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1924

Lot Details

  • 5,532

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Additional Features

  • City Views
  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 010-5-555

Property Details

Home Type

Condominium

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Contemporary
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.97996
  • Ratio Close Price By Original Li: 0.97996
  • Ratio Current Price By Sq Ft: 45.37
  • Unit Floor Level: 2
  • Year Built: 1924
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Entry Level: Lower
  • Equipment: Ceiling Fan(s), Cable Prewire, Gas Range, Refrigerator, Exhaust Hood, Natural Gas, Gas Oven
  • Laundry Location: Upper
  • Room Count: 2
  • Lower Level Sq Ft: 4849
  • Main Level Sq Ft: 4849
  • Total Sq Ft: 9698

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Parking: Lot

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Lot Info

  • Lot Features: City View
  • Parcel Number: 010-5-555
  • Zoning Specification: DMX

Tax Info

  • Tax Value: 397479.00
  • Tax Location: Salisbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2021
Sold by
Jones George Erickson
Bought by
Jones Eileen Fagan
Current Estimated Value
$717,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$271,613
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$445,631

Purchase Details

Listed on
Oct 18, 2018
Closed on
Aug 7, 2019
Sold by
Gabby Iii Llc
Bought by
Erickson Jones Jr George
Seller's Agent
Ken Harmer
Arey Realty
Buyer's Agent
Wendy Reynolds
WLS Realty LLC
List Price
$449,000
Sold Price
$440,000
Premium/Discount to List
-$9,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%
Original Mortgage
$340,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 10, 2012
Closed on
Jun 13, 2013
Sold by
Ahmad Syed and Peckman Whitney
Bought by
Bank Of North Carolina
Seller's Agent
Tammy Fenton
GG's Legacy Properties LLC
Buyer's Agent
Tammy Fenton
GG's Legacy Properties LLC
List Price
$349,900
Sold Price
$220,000
Premium/Discount to List
-$129,900
-37.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.95%

Purchase Details

Listed on
Jun 10, 2012
Closed on
Jun 4, 2013
Sold by
Bank Of North Carolina
Bought by
Gabby Iii Llc
Seller's Agent
Tammy Fenton
GG's Legacy Properties LLC
Buyer's Agent
Tammy Fenton
GG's Legacy Properties LLC
List Price
$349,900
Sold Price
$220,000
Premium/Discount to List
-$129,900
-37.12%

Purchase Details

Closed on
Dec 18, 2011
Sold by
Baker Enterprises Inc
Bought by
Bank Of North Carolina
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jones Eileen Fagan $500,000 None Available
Erickson Jones Jr George $440,000 None Available
Bank Of North Carolina -- None Available
Gabby Iii Llc $220,000 None Available
Bank Of North Carolina $374,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Eileen Fagan $300,000
Previous Owner Erickson Jones Jr George $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2019 08/07/19 Sold $440,000 -2.0% $45 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
10/18/2018 10/18/18 For Sale $449,000 +104.1% $46 / Sq Ft
06/18/2013 06/18/13 Sold $220,000 -37.1% $25 / Sq Ft View Prior Sale
06/02/2013 06/02/13 Pending -- -- --
06/10/2012 06/10/12 For Sale $349,900 -- $40 / 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
2025 $3,910 $531,230 $38,288 $492,942
2024 $3,910 $531,230 $38,288 $492,942
2023 $7,182 $531,230 $38,288 $492,942
2022 $6,173 $397,479 $35,184 $362,295
2021 $6,173 $397,479 $35,184 $362,295
2020 $6,173 $397,479 $35,184 $362,295
2019 $6,173 $397,479 $35,184 $362,295
2018 $3,342 $218,164 $35,183 $182,981
2017 $3,327 $218,164 $35,183 $182,981
2016 $3,246 $218,164 $35,183 $182,981
2015 $3,269 $218,164 $35,183 $182,981
2014 $6,206 $418,777 $46,911 $371,866
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3432622

Canopy MLS (Canopy Realtor® Association)

APN: 010-5555