NOT LISTED FOR SALE

127 S Lee St Salisbury, NC 28144

Estimated Value: $251,077 - $400,000

3 Beds
2 Baths
1,501 Sq Ft
$200/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $180,000 $120 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,074/month

422 Days on Market

Highlights

  • Deck
  • 3-minute walk to Salisbury Station
  • Packing Shed
  • Whirlpool Bathtub
  • Walk-In Closet
  • 2 Car Garage

About This Home

As of August 2014

Upscale condo in historic downtown Salisbury overlooks the Entertainment District, with views from 2 private balconies. One of the largest units in the building, with 3 bedrooms; only unit with a double garage. Use elevator to unit on 2nd floor. Beautiful wood flooring in main living area. Granite counters and high end appliances. 10' ceilings. Master bath offers solid surface counter with integrated dual sinks, handsome ceramic tile floor, separate shower with seat, surround at the whirlpool. Owners added tankless gas water heater. All appliances remain, including W/D, trash compactor. For LEASE OR LEASE/PURCHASE WOULD BE CONSIDERED. For right offer, seller would pay 1st year HOA dues.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,521

Year Built

  • Built in 2005

Lot Details

  • Property fronts an interstate
  • Lot Has A Rolling Slope
  • Possible uses of the property include Other - See Remarks, Residential

HOA Fees

  • $345 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Flat Roof Shape
  • Brick Exterior Construction
  • Metal Siding

Interior Spaces

  • 1,501 Sq Ft Home
  • Insulated Windows

Kitchen

  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Schools

  • Overton Elementary School
  • Knox Middle School
  • Salisbury High School

Utilities

  • Heat Pump System
  • Shared Well
  • Private Sewer
  • Cable TV Available

Additional Features

  • Deck
  • Packing Shed

Community Details

  • See Disclosure Association
  • Fire House Lofts Subdivision

Listing and Financial Details

  • Assessor Parcel Number 006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,521

Year Built

Built in 2005

Lot Details

0

HOA Fees

$345 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2005
  • Inclusions: Land
  • Restrictions: Other - See Remarks
  • Road Frontage Type: Easement, Interstate 1 mile or Less, Interstate
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Special Features: 12

Interior Features

  • Foundation Details: Other - See Remarks
  • Interior Amenities: Walk-In Closet(s), Whirlpool
  • Sq Ft Unheated Basement: 0
  • Possible Use: Other - See Remarks, Residential
  • Appliances: Dishwasher, Disposal, Exhaust Hood, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1501
  • Window Features: Insulated Window(s)
  • Room Count: 5

Exterior Features

  • Roof: Flat
  • Construction Type: Brick Partial, Metal, Other - See Remarks
  • Other Structures: Packing Shed
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage

Utilities

  • Heating: Heat Pump
  • Sewer: Private Sewer, Public Sewer, Other - See Remarks
  • Cooling: Heat Pump
  • Utilities: Cable Available
  • Water Source: Public, Shared Well

Condo/Co-op/Association

  • Association Fee: 345
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Association Name: see disclosure
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Knox

Lot Info

  • Lot Features: Rolling Slope
  • Lot Size Units: Acres
  • Parcel Number: 006
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Overton
  • High School: Salisbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2013
Closed on
Aug 1, 2014
Sold by
Steele James A and Steele Anne M
Bought by
Rexrode Carlton Wayne and Rexrode Marsha L
List Price
$210,000
Sold Price
$180,000
Premium/Discount to List
-$30,000
-14.29%
Current Estimated Value
$300,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,769
Avg. Annual Appreciation
3.85%
Original Mortgage
$144,000
Outstanding Balance
$112,675
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$161,437
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
Rexrode Carlton Wayne $180,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rexrode Carlton Wayne $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2014 11/05/14 Off Market $180,000 -- --
08/01/2014 08/01/14 Sold $180,000 -14.3% $120 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
05/13/2013 05/13/13 For Sale $210,000 -- $140 / 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 $1,521 $206,682 $1 $206,681
2024 $1,521 $206,682 $1 $206,681
2023 $2,794 $206,682 $1 $206,681
2022 $2,668 $171,758 $1 $171,757
2021 $2,668 $171,758 $1 $171,757
2020 $2,668 $171,758 $1 $171,757
2019 $2,668 $171,758 $1 $171,757
2018 $2,784 $181,730 $1 $181,729
2017 $2,771 $181,730 $1 $181,729
2016 $2,579 $173,346 $1 $173,345
2015 $2,598 $173,346 $1 $173,345
2014 $2,895 $195,347 $1 $195,346
Source: Public Records

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: R55073

Canopy MLS (Canopy Realtor® Association)

APN: 010-D006