NOT LISTED FOR SALE

1938 Jake Alexander Blvd W Salisbury, NC 28147

Estimated Value: $436,000

-- Bed
1 Bath
1,648 Sq Ft
$265/Sq Ft Est. Value

Last Sold July 27, 2023

Last sale price $710,000 $431 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $2,629/month

220 Days on Market

About This Home

As of July 2023

Excellent investment property or wonderful opportunity for an end user. Very nice, lightly used building was previously a bank property. Downstairs fully developed and upper level mostly completed with some undeveloped space that could be a big bonus for new owner to finish as needed. Upfit is current and would be easy to work with. Current Tenant is not occupying the building. Fabulous opportunity to own this very nice building in a prime location. Easy access to I-85, Hwy 70 (to I-77) & Hwy 601. Located near Food Lion Headquarters and industrial and manufacturing sites.

Last Agent to Sell the Property

Jayne Helms

Re/Max Leading Edge License #217044 Listed on: 07/22/2021

Re/Max Leading Edge

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,023

Lot Details

  • Property is zoned NMX

Community Details

  • No Home Owners Association
  • 9,986 Sq Ft Building

Property Details

Property Type

Other

Est. Annual Taxes

$4,023

Lot Details

0

Listing Details

  • Property Sub Type: Investment
  • Prop. Type: Commercial
  • Business Type: Investment
  • Directions: .
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • Special Features: None

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: NMX
  • TRIADMLS_AcresRange: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2009
Sold by
Sbja Llc
Bought by
Wncvs Llc
Current Estimated Value
$436,000

Purchase Details

Closed on
Dec 16, 2008
Sold by
Communityone Bank National Association
Bought by
Sbja Llc

Purchase Details

Closed on
Jul 28, 2005
Sold by
First National Bank & Trust Co
Bought by
Sbja Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,895
Interest Rate
5.59%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 16, 2003
Sold by
Mullis James Worth and Mullis Katherine Oneal
Bought by
Rowan Savings Bank Ssb Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.98%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

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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
Wncvs Llc -- None Available
Sbja Llc $701,500 None Available
Sbja Llc $336,500 --
Rowan Savings Bank Ssb Inc $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sbja Llc $741,895
Previous Owner Rowan Savings Bank Ssb Inc $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2023 07/27/23 Sold $710,000 -71.6% $431 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
07/22/2021 07/22/21 For Sale $2,500,000 -- $1,517 / Sq Ft
Source: Triad MLS

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 $4,023 $336,355 $336,355 $0
2024 $4,023 $336,355 $336,355 $0
2023 $4,023 $336,355 $336,355 $0
2022 $4,632 $336,355 $336,355 $0
2021 $4,632 $336,355 $336,355 $0
2020 $4,632 $336,355 $336,355 $0
2019 $4,632 $336,355 $336,355 $0
2018 $6,743 $496,294 $496,294 $0
2017 $6,708 $496,294 $496,294 $0
2016 $6,524 $496,294 $496,294 $0
2015 $6,563 $496,294 $496,294 $0
2014 $8,881 $679,525 $679,525 $0
Source: Public Records

Agents Affiliated with this Home

  • Jayne Helms

    Seller's Agent in 2023

    Jayne Helms

    RE/MAX

    (704) 202-6676

    136 in this area

    377 Total Sales

    Jayne Helms
    Section Image

  • N

    Buyer's Agent in 2023

    NONMEMBER NONMEMBER

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Map

Source: Triad MLS

MLS Number: 1034369

Triad MLS

APN: 333-009

North Carolina Rowan County Salisbury 28144

1938 Jake Alexander Blvd W, Salisbury, NC

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