NOT LISTED FOR SALE

1505 Melchor Rd Albemarle, NC 28001

Estimated Value: $487,629 - $617,000

4 Beds
3.5 Baths
3,624 Sq Ft
$149/Sq Ft Est. Value

Sale Details

Date Sold: April 28, 2020

Last sale price $329,500 $91 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,253 / mo

21 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Walk-In Closet
  • Finished Attic
  • Attached Garage
  • Shed

About This Home

As of April 2020

Lovely brick home located in town with a large fenced yard. 4 bedrooms 3 1/2 baths, plus a bonus area. Main level consist of a kitchen, breakfast area, formal dining and a large living room with gas logs. Cabintes galore with granite counter tops. Upper level has 3 bedrooms, 2 1/2 baths and the bonus area. All carpet is new! Lower level has a 4th bedroom and full bath. Finished basement makes a great family room or rec room with a 2nd fireolace and gas logs. There is also a room that could be used as a work out room. Pool table conveys. Great outdoor space for entertaining. Upper and lower deck. Deck access from living room and master suite. Patio off the basement. Garage doors are about a 1yr old. Storage shed/dog house with power and ac.

Last Agent to Sell the Property

Michele Browne

Deeter Real Estate License #240694 Listed on: 03/13/2020

Last Buyer's Agent

Sharon Cox

SSC REALTY LLC License #290305

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 0.69

Parking

  • Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Fireplace
  • Finished Attic
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Additional Features

  • Shed
  • Lot Dimensions are 168 x 180
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6549-04-61-5813

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

0.69 Acres

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Ratio Close Price By List Price: 0.98388
  • Ratio Close Price By Original Li: 0.98388
  • Ratio Current Price By Acre: 477536.23
  • Ratio Current Price By Sq Ft: 90.92
  • Year Built: 1995
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished
  • Upper Level Sq Ft: 909
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Oven, Electric Range, Refrigerator
  • Fireplace Description: FAMILYRM, Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Finished, Cable Available, Garden Tub, Kitchen Island, Pantry, Walk-In Closet(s)
  • Laundry Location: Lower
  • Room Count: 4
  • Sq Ft Basement: 913
  • Lower Level Sq Ft: 450
  • Main Level Sq Ft: 888
  • Third Level Sq Ft: 464
  • Total Sq Ft: 3624

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Shed(s)

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 168 x 180
  • Parcel Number: 6549-04-61-5813
  • Zoning Specification: R-10

Tax Info

  • Tax Value: 297152.00
  • Tax Location: Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Apr 24, 2020
Sold by
Saltzman Leonard and Saltzman Rose Ann
Bought by
Martin Laquisha Lynnette
Seller's Agent
Michele Browne
Deeter Real Estate
Buyer's Agent
Sharon Cox
SSC REALTY LLC
List Price
$334,900
Sold Price
$329,500
Premium/Discount to List
-$5,400
-1.61%
Current Estimated Value
$539,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,907
Avg. Annual Appreciation
8.55%
Original Mortgage
$323,361
Outstanding Balance
$285,915
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$253,492

Purchase Details

Closed on
Aug 16, 2006
Sold by
Tempelis Christina Zanakis and Tempelis Yanni
Bought by
Saltzman Leonard and Saltzman Rose Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Martin Laquisha Lynnette $330,000 None Available
Saltzman Leonard $295,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Laquisha Lynnette $323,361
Previous Owner Saltzman Leonard $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2020 04/28/20 Sold $329,500 -1.6% $91 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $334,900 -- $92 / Sq Ft
Source: Canopy MLS

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 $4,954 $442,312 $47,900 $394,412
2024 $4,099 $336,012 $28,304 $307,708
2023 $4,099 $336,012 $28,304 $307,708
2022 $4,099 $336,012 $28,304 $307,708
2021 $4,099 $336,012 $28,304 $307,708
2020 $3,854 $297,152 $28,304 $268,848
2019 $3,905 $297,152 $28,304 $268,848
2018 $955 $297,152 $28,304 $268,848
2017 $3,744 $297,152 $28,304 $268,848
2016 $3,641 $288,977 $30,481 $258,496
2015 $3,696 $288,977 $30,481 $258,496
2014 $3,778 $288,977 $30,481 $258,496
Source: Public Records

Agents Affiliated with this Home

  • Michele Browne

    Seller's Agent in 2020

    Michele Browne

    Deeter Real Estate

    (704) 550-5197

    100 Total Sales

    Michele Browne
    Section Image
  • Sharon Cox

    Buyer's Agent in 2020

    Sharon Cox

    SSC REALTY LLC

    (704) 438-2088

    33 Total Sales

    Sharon Cox
    Section Image
See All Agents

Map

Source: Canopy MLS

MLS Number: CAR3602891

Canopy MLS

APN: 6549-04-61-5813

North Carolina Stanly County Albemarle 28001

1505 Melchor Rd, Albemarle, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.