NOT LISTED FOR SALE

1525 7th St Salisbury, NC 28144

Estimated Value: $184,000 - $314,000

3 Beds
1.5 Baths
1,180 Sq Ft
$205/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $173,000 $147 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $1,420/month

33 Days on Market

Highlights

  • Barn
  • Separate Outdoor Workshop
  • Vinyl Flooring
  • Cottage
  • Level Lot

About This Home

As of April 2020

6+ Acres with an updated ranch that is move-in-ready! 3 Bed, 1.5 Baths with incredible improvements that you need to see before it is gone! Updated Kitchen with stainless steel appliances, manicured paint throughout, new water heater, and new well with well pump! HVAC new in 2019! The backyard boasts a variety of options for any buyers (livestock, fenced for pets, or just enjoying the solitude on your covered back porch. There is a large barn and a workshop (with power) set forward on the large 6.27 acre parcels.

Last Agent to Sell the Property

Jeff Arzonico

EXP Realty LLC Mooresville License #281291 Listed on: 02/28/2020

EXP Realty LLC Mooresville

Co-Listed By

Chad Hetherman

EXP Realty LLC Mooresville License #286722

Last Buyer's Agent

Chad Burns

Coldwell Banker Realty License #291717

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1939

Lot Details

  • 6.2

Parking

  • Gravel Driveway

Home Design

  • Cottage

Flooring

  • Laminate
  • Vinyl

Additional Features

  • Crawl Space
  • Separate Outdoor Workshop
  • Level Lot
  • Barn
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 324026

Home Details

Home Type

Single Family

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.98857
  • Ratio Close Price By Original Li: 0.98857
  • Ratio Current Price By Acre: 27903.23
  • Ratio Current Price By Sq Ft: 146.61
  • Year Built: 1939
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Electric Dryer Hookup, Electric Range, Electric Oven
  • Fireplace Description: Living Room
  • Flooring: Carpet, Laminate Wood, Vinyl
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1180
  • Total Sq Ft: 1180

Exterior Features

  • Construction: Aluminum
  • Construction Type: Site Built
  • Exterior Features: Barn(s), Fenced Yard, Workshop

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Area: 6.200
  • Parcel Number: 324026
  • Zoning Specification: RES

Tax Info

  • Tax Value: 118806.00
  • Tax Location: Salisbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Apr 17, 2020
Sold by
Milos Derek A and Milos Rochelle A
Bought by
Montgomery Ryann Rebecca
Seller's Agent
Jeff Arzonico
EXP Realty LLC Mooresville
Buyer's Agent
Chad Burns
Coldwell Banker Realty
List Price
$175,000
Sold Price
$173,000
Premium/Discount to List
-$2,000
-1.14%
Current Estimated Value
$242,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,415
Avg. Annual Appreciation
6.47%
Original Mortgage
$164,350
Outstanding Balance
$145,684
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$96,731

Purchase Details

Listed on
Jun 23, 2018
Closed on
Sep 6, 2018
Sold by
Lauer Dorian Scott
Bought by
Milos Janet A and Milos Derek A
Seller's Agent
Scott Lauer
ERA Live Moore
Buyer's Agent
Rita Gilmore
G2 Real Estate
List Price
$139,900
Sold Price
$124,900
Premium/Discount to List
-$15,000
-10.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.43%

Purchase Details

Listed on
Jan 19, 2018
Closed on
May 4, 2018
Sold by
Fifth Third Mortgage Co
Bought by
Lauer Dorian
Seller's Agent
Lisa Revis
Southern Charm Realty Inc
Buyer's Agent
Scott Lauer
ERA Live Moore
List Price
$82,500
Sold Price
$65,000
Premium/Discount to List
-$17,500
-21.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
669.85%

Purchase Details

Closed on
Jan 3, 2018
Sold by
Koontz Ruth Bailey
Bought by
Fifth Third Mortgage Co
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
Montgomery Ryann Rebecca $173,000 None Available
Milos Janet A $125,000 None Available
Lauer Dorian $65,000 Servicelink Llc
Fifth Third Mortgage Co $68,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montgomery Ryann Rebecca $164,350
Previous Owner Koonitz Ruth Bailey $95,000
Previous Owner Koontz Ruth Bailey $50,000
Previous Owner Koontz Ruth Bailey $72,300
Previous Owner Koontz Ruth Bailey $23,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2020 04/17/20 Sold $173,000 -1.1% $147 / Sq Ft
04/01/2020 04/01/20 Pending -- -- --
03/31/2020 03/31/20 For Sale $175,000 0.0% $148 / Sq Ft
03/17/2020 03/17/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $175,000 +40.1% $148 / Sq Ft
09/06/2018 09/06/18 Sold $124,900 -7.5% $103 / Sq Ft
08/31/2018 08/31/18 Pending -- -- --
08/24/2018 08/24/18 Price Changed $135,000 -1.8% $112 / Sq Ft
08/22/2018 08/22/18 Price Changed $137,500 -1.7% $114 / Sq Ft
08/18/2018 08/18/18 For Sale $139,900 0.0% $116 / Sq Ft
07/09/2018 07/09/18 Pending -- -- --
06/28/2018 06/28/18 Price Changed $139,900 -4.8% $116 / Sq Ft
06/23/2018 06/23/18 For Sale $147,000 +126.2% $121 / Sq Ft
05/11/2018 05/11/18 Sold $65,000 -21.2% $52 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $82,500 -- $66 / 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 $1,218 $183,225 $77,595 $105,630
2024 $1,218 $183,225 $77,595 $105,630
2023 $1,218 $183,225 $77,595 $105,630
2022 $951 $128,033 $65,532 $62,501
2021 $951 $128,033 $65,532 $62,501
2020 $951 $128,033 $65,532 $62,501
2019 $951 $128,033 $65,532 $62,501
2018 $875 $118,806 $65,532 $53,274
2017 $875 $118,806 $65,532 $53,274
2016 $875 $118,806 $65,532 $53,274
2015 $888 $118,806 $65,532 $53,274
2014 $868 $121,413 $65,532 $55,881
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3597507

Canopy MLS (Canopy Realtor® Association)

APN: 324-026