NOT LISTED FOR SALE

197 N 2nd St Albemarle, NC 28001

3 Beds
-- Bath
1,634 Sq Ft
0.47 Acres

About This Home

Residences at The Albemarle Hotel was built in 1923 and renovated in 2022. It is now a 29-unit apartment building with a lot of the history still intact. As soon as you walk in you can see and feel the history of the old hotel. It has been modernly updated, but keeping some of the unique history that you are bound to see at first glance. There are storage units available on-site for you to rent from $50-$70 a month. Christine's Wood Fire restaurant is currently being implemented on the first floor. You will have some great food available to you, just steps from your apartment, no need to even leave the building! A bar will be on the other side of the restaurant as well.

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

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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
08/08/2023 08/08/23 For Rent $1,100 0.0% --
06/22/2023 06/22/23 For Rent $1,100 0.0% --
06/19/2023 06/19/23 For Rent $1,100 0.0% --
05/08/2023 05/08/23 Price Changed $1,100 0.0% $1 / Sq Ft
04/24/2023 04/24/23 Price Changed $1,100 -15.4% $1 / Sq Ft
04/05/2023 04/05/23 Price Changed $1,300 +18.2% $1 / Sq Ft
03/28/2023 03/28/23 Price Changed $1,100 0.0% $1 / Sq Ft
02/06/2023 02/06/23 Price Changed $1,100 0.0% $1 / Sq Ft
02/04/2023 02/04/23 For Rent $1,100 -- --

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

Map

North Carolina Stanly County Albemarle 28001

197 N 2nd St, Albemarle, NC

This home is located at 197 N 2nd St, Albemarle, NC 28001. 197 N 2nd St is a home located in Stanly County with nearby schools including Central Elementary School, Albemarle Middle School, and Albemarle High School.

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