Landlord's Agent in 2025
Russ Hollins
Stanly4Rent
(704) 591-1001
22 Total Sales
197 N 2nd St Unit 103 Albemarle, NC 28001
3
Beds
2
Baths
1,600
Sq Ft
0.47
Acres
Highlights
- Concierge
- City View
- Arts and Crafts Architecture
- Fitness Center
- Open Floorplan
- Corner Lot
About This Home
As of June 2025MAKE YOUR MONEY COUNT — LIVE SMART AT THE RESIDENCES
Why pay for rent and all the extras? At The Residences At the Albemarle Hotel, one payment covers rent, electricity, water, sewer, internet (25 Mbps), cable, and more.
Enjoy:
In-unit washer & dryer
Full kitchen appliances
Free off-street parking
Secure entry
Fitness room
Twice-weekly trash pickup
Live in a beautifully restored 1923 hotel in the heart of the city. Apartments feature granite countertops, subway tile backsplash, restored historic windows, hardwood or laminate flooring, and stylish lighting.
Upscale, all-inclusive living with no hidden costs.
Apply today and start saving with comfort and convenience!
Last Agent to Rent the Property
Stanly4Rent Brokerage Email: russ.hollins@russhollinsrealtors.com License #14121 Listed on: 04/22/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $37,835
Year Built
- Built in 1923
Lot Details
- Corner Lot
- Lawn
Parking
- 32 Open Parking Spaces
Home Design
- Arts and Crafts Architecture
- Entry on the 1st floor
- Rubber Roof
Interior Spaces
- 2-Story Property
- Elevator
- Open Floorplan
- Ceiling Fan
- Tile Flooring
- City Views
- Fire Sprinkler System
- Laundry Room
Kitchen
- Electric Range
- Range Hood
- Microwave
- Plumbed For Ice Maker
- Dishwasher
Bedrooms and Bathrooms
- 2 Full Bathrooms
Accessible Home Design
- Doors with lever handles
- More Than Two Accessible Exits
- Entry thresholds less than 5/8 inches
Schools
- Central Albemarle Elementary School
- Albemarle Middle School
- Albemarle High School
Utilities
- Zoned Heating and Cooling
- Vented Exhaust Fan
- Heat Pump System
- Underground Utilities
- Electric Water Heater
Listing and Financial Details
- Security Deposit $2,400
- Property Available on 4/22/25
- 12-Month Minimum Lease Term
- Assessor Parcel Number 6548-01-25-6168
Community Details
Recreation
- Fitness Center
Pet Policy
- Pet Deposit $250
Additional Features
- Mid-Rise Condominium
- Concierge
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
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
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Rented | $2,000 | -16.7% | -- |
| 06/02/2025 06/02/25 | For Rent | $2,400 | 0.0% | -- |
| 05/31/2025 05/31/25 | Off Market | $2,400 | -- | -- |
| 04/22/2025 04/22/25 | For Rent | $2,400 | -- | -- |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4250045
APN: 6548-01-25-6168
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.
Based on information submitted to the MLS GRID. 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.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 2311 Bulwarks Ct Unit 3
- 815 Sherwood Ave
- 2309 Bulwarks Ct
- 2309 Bulwarks Ct Unit 4
- 1005 Lorrie Ln Unit 281
- 218 Wilson St Unit A&B
- 114 S 5th St
- 263 N 5th St
- 1 S 1st St
- 203 N Broome St
- 436 E Oakwood Ave
- 416 Richardson St
- 118 Summit Ave
- 609 Montgomery Ave
- 724 N 2nd St
- 616 E Oakwood Ave
- 625 S 2nd St Unit B
- 603 S 4th St
- 450 Davis St
- 616 Lee St
- 197 N 2nd St Unit 101
- 197 N 2nd St Unit 303
- 197 N 2nd St Unit 3
- 197 N 2nd St Unit 306
- 197 N 2nd St Unit 305
- 197 N 2nd St Unit 407
- 197 N 2nd St Unit 406
- 197 N 2nd St Unit 301
- 197 N 2nd St Unit 1
- 197 N 2nd St
- 108 E North St
- 36422 Grey Sky Ln
- 110 W North St
- 116 E North St
- 160 N 1st St
- 124 E North St
- 224 N 2nd St
- 204 W North St
- 124 W Main St
- 131 E North St Unit 4