NOT LISTED FOR SALE

197 N 2nd St Unit 101 Albemarle, NC 28001

2 Beds
1 Bath
1,100 Sq Ft
0.47 Acres

About This Home

!! LIVE SMART — LIVE IN STYLE !!
Be Smart With Your Money – Choose THE RESIDENCES at the Albemarle Hotel!

Why pay more for less? At The Residences, everything’s included — so you can live worry-free and stress-free with ONE simple, all-inclusive payment!

What's Included?
* Rent
* Electricity
* Water & Sewer
* High-Speed Internet
* Heating & Air
* In-Unit Washer & Dryer
* Full Kitchen with Appliances
* Concierge Trash Pickup at Your Door
* Secure Access
* Fitness Room

Live in a beautifully restored 1923 historic hotel — right in the heart of the City! Every apartment is packed with character and modern charm:
** Granite countertops
** Classic subway tile backsplash
** Restored historic windows
** Stylish lighting
** Hardwood or laminate flooring

MOVE IN, LIVE WELL, AND START SAVING TODAY!
Don’t just rent — upgrade your lifestyle at The Residences at the Albemarle Hotel.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Albemarle Hotel Development Llc
Bought by
Bonneville Mortgage Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,600,000
Outstanding Balance
$4,267,450
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2017
Sold by
Iowahire Bank
Bought by
Albermarle Hotel
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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.

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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
Bonneville Mortgage Company $4,600,000 --
Albermarle Hotel $320,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bonneville Mortgage Company $4,600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 For Rent $2,365 0.0% --
07/31/2025 07/31/25 Off Market $2,365 -- --
06/06/2025 06/06/25 For Rent $2,365 -- --

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 $37,835 $3,101,267 $69,562 $3,031,705
2024 $32,540 $2,465,174 $55,650 $2,409,524
2023 $13,200 $1,999,958 $55,650 $1,944,308
2022 $7,569 $1,146,779 $55,650 $1,091,129
2021 $1,443 $218,664 $55,650 $163,014
2020 $1,690 $242,169 $55,650 $186,519
2019 $3,415 $242,169 $55,650 $186,519
2018 $3,415 $242,169 $55,650 $186,519
2017 $3,294 $242,169 $55,650 $186,519
2016 $3,387 $249,080 $55,650 $193,430
2015 $3,422 $249,080 $55,650 $193,430
2014 $4,412 $249,080 $55,650 $193,430
Source: Public Records

Agents Affiliated with this Home

  • Russ Hollins

    Seller's Agent in 2025

    Russ Hollins

    Stanly4Rent

    (704) 591-1001

    21 Total Sales

    Russ Hollins
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Map

North Carolina Stanly County Albemarle 28001

197 N 2nd St Unit 101, Albemarle, NC

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