NOT LISTED FOR SALE

203 Partee St Salisbury, NC 28144

Estimated Value: $1,359,005

40 Beds
40 Baths
16,900 Sq Ft
$80/Sq Ft Est. Value

Last Sold September 12, 2014

Last sale price $570,000 $34 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $8,468/month

138 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Tile Flooring

About This Home

As of September 2014

Three apartment buildings containing 20 units total. Each unit is two story, 2 bedroom, 1.5 bath approximately 845 square feet HLA. Laminate and tile floors. New roof installed in 2008 per owner. Recent updates include some new a/c units, some new windows and some new patio doors. As of 2-12-14, 18 out of 20 are currently rented for $450-$500 per month and managed by Chambers Realty.

Last Agent to Sell the Property

Kelly Lowe

Keller Williams Premier License #252609 Listed on: 02/12/2014

Keller Williams Premier

Last Buyer's Agent

Neil Braithwaite

ProStead Realty License #224289

ProStead Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.89

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Flooring

  • Laminate
  • Tile

Additional Features

  • Corner Lot

Listing and Financial Details

  • Tenant pays for electricity, cable
  • Rent includes water, garbage pick-up
  • Assessor Parcel Number 020164

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.90620
  • Ratio Close Price By Original Li: 0.90620
  • Ratio Current Price By Acre: 640449.44
  • Ratio Current Price By Sq Ft: 33.73
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 20
  • Half Bathrooms: 20
  • Total Bathrooms: 30.00
  • Total Bedrooms: 40
  • Doors and Windows: Storm Window(s)
  • Equipment: Electric Dryer Hookup, Exhaust Fan, Ceiling Fan(s)
  • Flooring: Tile, Laminate Tile
  • Laundry Location: Utility Room, Main
  • Total Sq Ft: 16900

Exterior Features

  • Construction: Brick Partial, Vinyl

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 2, Lot

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Isenberg
  • Middle School: Knox
  • High School: Salisbury

Lot Info

  • Lot Dimension: 250x155
  • Lot Features: Corner Lot
  • Lot Size Area: 0.890
  • Lot Size Units: Acres
  • Parcel Number: 020164
  • Zoning Specification: UR-12

Rental Info

  • Rent Includes: Water, Garbage Pick-up
  • Tenant Pays: Electricity, Cable

Tax Info

  • Tax Value: 568274.00
  • Tax Location: Salisbury

Multi Family

  • Number Of Units Total: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2014
Closed on
Sep 2, 2014
Sold by
Vins Enterprises I Llc
Bought by
Castle Realty And Management Llc
Seller's Agent
Kelly Lowe
Keller Williams Premier
Buyer's Agent
Neil Braithwaite
ProStead Realty
List Price
$629,000
Sold Price
$570,000
Premium/Discount to List
-$59,000
-9.38%
Current Estimated Value
$1,359,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$789,005
Avg. Annual Appreciation
8.16%
Original Mortgage
$456,000
Interest Rate
4.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2013
Sold by
Archie Victor C and Graves Nikki L
Bought by
Vins Enterprises I Llc

Purchase Details

Listed on
Jan 4, 2012
Closed on
Jun 15, 2012
Sold by
Amrl Enterprises Llc
Bought by
Archie Victor C and Graves Nikki L
Seller's Agent
Sheryl Francis
Southern Homes of the Carolinas, Inc
Buyer's Agent
Jackie Currence
Blue Real Estate Group LLC
List Price
$649,900
Sold Price
$620,000
Premium/Discount to List
-$29,900
-4.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$465,000
Interest Rate
3.83%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 1, 2007
Sold by
S & S Properties
Bought by
Amrl Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 2004
Sold by
M & F Properties Llc
Bought by
S & S Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.55%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Castle Realty And Management Llc $570,000 None Available
Vins Enterprises I Llc -- None Available
Archie Victor C $620,000 None Available
Amrl Enterprises Llc $680,000 None Available
S & S Properties $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Castle Realty And Management Llc $456,000
Previous Owner Archie Victor C $465,000
Previous Owner Amrl Enterprises Llc $510,000
Previous Owner S & S Properties $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2014 09/12/14 Sold $570,000 -9.4% $34 / Sq Ft
06/30/2014 06/30/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $629,000 +1.5% $37 / Sq Ft
06/29/2012 06/29/12 Sold $620,000 -4.6% $36 / Sq Ft View Prior Sale
03/30/2012 03/30/12 Pending -- -- --
01/04/2012 01/04/12 For Sale $649,900 -- $38 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $14,813 $1,238,568 $53,475 $1,185,093
2024 $14,813 $1,238,568 $53,475 $1,185,093
2023 $14,813 $1,238,568 $53,475 $1,185,093
2022 $8,669 $629,541 $44,563 $584,978
2021 $8,669 $629,541 $44,563 $584,978
2020 $9,264 $672,721 $44,563 $628,158
2019 $9,264 $672,721 $44,563 $628,158
2018 $8,460 $622,627 $44,562 $578,065
2017 $8,415 $622,627 $44,562 $578,065
2016 $8,184 $622,627 $44,562 $578,065
2015 $8,234 $622,627 $44,562 $578,065
2014 $7,427 $568,274 $40,106 $528,168
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR2207279

Canopy MLS (Canopy Realtor® Association)

APN: 020-164