NOT LISTED FOR SALE

205 S Merritt Ave Unit 6-7 Salisbury, NC 28144

Estimated Value: $167,000 - $223,186

-- Bed
2 Baths
1,881 Sq Ft
$107/Sq Ft Est. Value

Last Sold July 18, 2019

Last sale price $105,000 $56 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,175/month

24 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Fenced
  • No HOA
  • Floor Furnace

About This Home

As of July 2019

Well-maintained duplex in the heart of Salisbury. VA Medical Center 3 blocks away. Walk to several restaurants as well as Food Lion. Public transportation available and just 3 minutes to Catawba College & Novant Health Medical Center. This home is a perfect investment for rental income or be neighbors with your close family or friends. Unit A is 740 sq. ft. & offers 2 bedroom, 1 bath, kitchen & living room. Unit B is 1141 sq. ft. and features 2 bedroom, 1 bath, kitchen, dining room & living room.

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,257

Year Built

  • Built in 1952

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 100 x 170
  • Fenced
  • Corner Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1-Story Property

Flooring

  • Laminate
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • Knox Middle School
  • Salisbury High School

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Propane
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 005019
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1,881 Sq Ft Building

Building Details

  • 2 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,257

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.39
  • Lot Size: 100 x 170
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: I-85 North towards Salisbury, Take Exit 75 (Jake Alexander Blvd) Turn left at the end of exit ramp, turn right on Brenner Ave. Right on S. Merritt Ave,
  • Architectural Style: Garden
  • Building Stories: 1
  • Year Built: 1952
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • TRIADMLS_AdCopy: Well Maintained 2 Unit Duplex w/ Tenants in Place & Monthly Income Located in "The Heart of Salisbury" Great Investment Opportunity! Land Or Lake Realty 704-636-7373
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Laminate, Tile, Vinyl
  • TRIADMLS_ApproxSqFtRange: 1600 - 2000
  • TRIADMLS_Storage: Outside Storage

Exterior Features

  • Fencing: Fenced
  • Lot Features: City Lot, Corner Lot
  • Pool Features: None
  • Construction Type: Brick, Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup
  • Cooling: Window Unit(s)
  • Heating: Floor Furnace, Propane
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Propane Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Remarks
  • Association: No

Schools

  • High School: Salisbury
  • Middle Or Junior School: Knox

Lot Info

  • Parcel #: 005019
  • Zoning: RES
  • TRIADMLS_PricePerAcre: 320256.4103
  • TRIADMLS_DeedPage: 573
  • TRIADMLS_DeedBook: 816
  • TRIADMLS_AcresRange: 0 - 0

Green Features

  • TRIADMLS_EnvironmentalHazards: No

Multi Family

  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Number Of Units Leased: 2

Tax Info

  • Tax Annual Amount: 1257
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Jul 18, 2019
Sold by
Hopkins Carmen S
Bought by
Lockard Brandon H
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$124,900
Sold Price
$105,000
Premium/Discount to List
-$19,900
-15.93%
Current Estimated Value
$201,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,797
Avg. Annual Appreciation
10.96%
Original Mortgage
$78,750
Outstanding Balance
$68,992
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$132,805

Purchase Details

Closed on
Feb 1, 1998
Bought by
Hopkins Carmen Sheree
Source: Public Records

Range of Values:

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Average Value
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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
Lockard Brandon H $105,000 Midland Title
Hopkins Carmen Sheree -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lockard Brandon H $78,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2019 07/18/19 Sold $105,000 -15.9% $56 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $124,900 -- $66 / Sq Ft
Source: Triad MLS

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 $1,390 $116,202 $41,600 $74,602
2024 $1,390 $116,202 $41,600 $74,602
2023 $1,390 $116,202 $41,600 $74,602
2022 $1,497 $108,679 $31,200 $77,479
2021 $1,497 $108,679 $31,200 $77,479
2020 $1,497 $108,679 $31,200 $77,479
2019 $1,939 $140,794 $31,200 $109,594
2018 $1,257 $92,549 $31,200 $61,349
2017 $1,251 $92,549 $31,200 $61,349
2016 $1,217 $92,549 $31,200 $61,349
2015 $1,224 $92,549 $31,200 $61,349
2014 -- $95,582 $28,080 $67,502
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2019

    NONMEMBER NONMEMBER

See All Agents

Map

Source: Triad MLS

MLS Number: 932475

Triad MLS

APN: 005-019

North Carolina Rowan County Salisbury 28144

205 S Merritt Ave Unit 6-7, Salisbury, NC

This home is located at 205 S Merritt Ave Unit 6-7, Salisbury, NC 28144 since 17 May 2019 and is currently estimated at $201,797, approximately $107 per square foot. This property was built in 1952. 205 S Merritt Ave Unit 6-7 is a home located in Rowan County with nearby schools including Carroll T Overton Elementary School, Knox Middle School, and North Rowan Middle School.

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