Landlord's Agent in 2025
Russ Hollins
Stanly4Rent
(704) 591-1001
22 Total Sales
197 N 2nd St Unit 406 Albemarle, NC 28001
1
Bed
1
Bath
513
Sq Ft
0.47
Acres
Highlights
- Fitness Center
- Arts and Crafts Architecture
- Corner Lot
- City View
- Wood Flooring
- Lawn
About This Home
As of May 2025ONE PAYMENT ONE PRICE! ALL UTILITIES, INTERNET, KITCHEN APPLIANCES, LAUNDRY APPLIANCES ALL INCLUDED. “ONE PRICE $1,425 PER MONTH.” CONCIERGE TRASH PICK UP AT YOUR DOOR, RESTAURANT AND BAR ON SITE, EXERCISE ROOM, BIKE ROOM, PARCEL PICKUP ROOM, ON SITE STORAGE UNITS, FREE PARKING. WALKING DISTANCE TO TOWN SQUARE, BANKS, CITY SERVICES, COUNTY SERVICES, PUBS, BREWERIES, MORE RESTAURANTS, SHOPPING, ENTERTAINMENT. Join us at the Historic Albemarle Hotel. 29 beautifully designed 1, 2 & 3 bedroom apartments. This unique building retains the charm of the original 1923 hotel. These upscale apartments feature a variety of design elements including historically restored windows, granite countertops with subway-style backsplash, indirect lighting, and some original/some new hardwood floors and some laminate. Talk about state-of-the-art! All exterior doors are accessed electronically, as well as the elevator and your apartment door. Halls are camera monitored for safety. Only one bill a month.
Last Agent to Rent the Property
Stanly4Rent Brokerage Email: russ.hollins@russhollinsrealtors.com License #14121 Listed on: 04/21/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $37,835
Year Built
- Built in 1923
Lot Details
- Corner Lot
- Sloped Lot
- Lawn
Home Design
- Arts and Crafts Architecture
- Entry on the 4th floor
- Rubber Roof
Interior Spaces
- 513 Sq Ft Home
- 5-Story Property
- Ceiling Fan
- Wood Flooring
- City Views
- Natural lighting in basement
- Fire Sprinkler System
- Laundry Room
Kitchen
- Electric Range
- Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Parking
- On-Street Parking
- 32 Open Parking Spaces
- Parking Lot
Accessible Home Design
- More Than Two Accessible Exits
Schools
- Central Albemarle Elementary School
- Albemarle Middle School
- Albemarle High School
Utilities
- Humidity Control
- Zoned Heating
- Vented Exhaust Fan
- Underground Utilities
- Electric Water Heater
Listing and Financial Details
- Security Deposit $1,425
- Property Available on 4/21/25
- 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
- Elevator
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 |
|---|---|---|---|---|
| 05/31/2025 05/31/25 | Off Market | $1,425 | -- | -- |
| 05/23/2025 05/23/25 | Rented | $1,425 | 0.0% | -- |
| 04/21/2025 04/21/25 | For Rent | $1,425 | +1.8% | -- |
| 01/31/2024 01/31/24 | Rented | $1,400 | 0.0% | -- |
| 01/24/2024 01/24/24 | For Rent | $1,400 | 0.0% | -- |
| 12/31/2023 12/31/23 | Off Market | $1,400 | -- | -- |
| 10/20/2023 10/20/23 | For Rent | $1,400 | -- | -- |
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: 4249586
APN: 6548-01-25-6168
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