NOT LISTED FOR SALE

1505 S Rowan Ave Spencer, NC 28159

Estimated Value: $264,000 - $399,398

3 Beds
3 Baths
2,481 Sq Ft
$136/Sq Ft Est. Value

Last Sold May 18, 2012

Last sale price $132,000 $53 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $2,420/month

440 Days on Market

Highlights

  • 0.71 Acre Lot
  • Rear Porch
  • Handicap Accessible
  • Living Room with Fireplace
  • Walk-In Closet
  • Detached Carport Space

About This Home

As of May 2012

REDUCED! GREAT PRICE! Just outside the Salisbury city limits - Unique home with spacious rooms and special features. Shower Room off Master Bedroom with dressing area. Breakfast Room with built in grill. Flagstone entry way. Large Bedrooms- Walk in closet in Master Bedroom- Fireplace with woodburning stove in Den and another fireplace in Living Room. Appliances remain- Concrete Back porch is assesable from Master bedroom, den or back yard. Large unfinished basement with concrete floor and full bath, storage,work area and walk out door. Great area for entertaining on the porch/deck behind home. Seller is motivated! 2400 square ft. heated and over 900 in basement unheated. Make Offer

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,967

Year Built

  • Built in 1967

Lot Details

  • 0.71 Acre Lot
  • Lot Dimensions are 150x160x97x150x200
  • Property fronts an interstate
  • Level Lot
  • Possible uses of the property include Residential

Parking

  • Detached Carport Space

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Metal Siding

Interior Spaces

  • 2,481 Sq Ft Home
  • Window Treatments
  • Living Room with Fireplace
  • Partially Finished Basement
  • Exterior Basement Entry

Kitchen

  • Built-In Oven
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Schools

  • North Rowan Elementary And Middle School
  • North Rowan High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Handicap Accessible
  • Rear Porch

Listing and Financial Details

  • Assessor Parcel Number 009

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,967

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1967
  • Inclusions: Building
  • Restrictions: No Restrictions,Other - See Remarks
  • Road Frontage Type: Interstate 1 mile or Less, Interstate
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Special Features: 12

Interior Features

  • Foundation Details: Basement
  • Interior Amenities: Walk-In Closet(s)
  • Sq Ft Unheated Basement: 927
  • Possible Use: Residential
  • Appliances: Dishwasher, Exhaust Hood, Refrigerator, Wall Oven
  • Accessibility Features: Accessible
  • Has Basement: Exterior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room, Wood Burning Stove, Other - See Remarks
  • Living Area: 2481
  • Window Features: Window Treatments
  • Room Count: 8

Exterior Features

  • Roof: Composition
  • Road Frontage: 150
  • Construction Type: Brick Partial, Metal
  • Patio And Porch Features: Rear Porch

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Carport

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer, Other - See Remarks
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: North Rowan

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.71
  • Lot Size Units: Acres
  • Parcel Number: 009
  • Zoning: R
  • Lot Size Acres: 0.71
  • Lot Size: 150X160X97X150X200
  • Lot Size Sq Ft: 30927
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: North Rowan
  • High School: North Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2011
Closed on
May 16, 2012
Sold by
Grubb Timothy Alan and Grubb Denise M
Bought by
Blake John R and Blake Mandy S
List Price
$196,637
Sold Price
$132,000
Premium/Discount to List
-$64,637
-32.87%
Current Estimated Value
$381,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$249,528
Avg. Annual Appreciation
7.32%
Original Mortgage
$128,653
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 16, 2009
Sold by
Grubb Timothy Alan and Grubb Denise M
Bought by
Grubb Timothy Alan and Grubb David Lee
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
Blake John R $132,000 None Available
Grubb Timothy Alan -- None Available
Grubb Jean Walser -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake John R $150,000
Closed Blake John R $128,653
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2012 08/16/12 Off Market $132,000 -- --
05/18/2012 05/18/12 Sold $132,000 -32.9% $53 / Sq Ft
04/03/2012 04/03/12 Pending -- -- --
01/19/2011 01/19/11 For Sale $196,637 -- $79 / 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 $3,967 $351,059 $33,600 $317,459
2024 $3,967 $351,059 $33,600 $317,459
2023 $3,967 $351,059 $33,600 $317,459
2022 $2,770 $211,073 $25,200 $185,873
2021 $2,770 $211,073 $25,200 $185,873
2020 $2,770 $211,073 $25,200 $185,873
2019 $2,770 $211,073 $25,200 $185,873
2018 $2,239 $172,523 $25,200 $147,323
2017 $2,239 $172,523 $25,200 $147,323
2016 $2,239 $172,523 $25,200 $147,323
2015 $2,273 $172,523 $25,200 $147,323
2014 $2,277 $178,168 $25,200 $152,968
Source: Public Records

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: R51797

Canopy MLS (Canopy Realtor® Association)

APN: 030-009