NOT LISTED FOR SALE

207 Salmon St Elkin, NC 28621

Estimated Value: $103,000 - $170,000

2 Beds
1 Bath
700 Sq Ft
$188/Sq Ft Est. Value

Last Sold March 21, 2017

Last sale price $31,000 $44 Per Sq Ft

Est. 323% increase in value since last sale

Current estimated payment $747/month

91 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Porch
  • Elkin Middle School Rated A
  • Cottage
  • Ceiling Fan

About This Home

As of March 2017

Charming tiny cottage in the heart of town. 624 SF consisting of two bedrooms, one full bath, kitchen and living room. Covered front porch and back porch. Recently insulated and new roof installed in 2015. Level lot. Kerosene monitor heat. Make it your home or great investment opportunity: presently leased on a month-to-month basis with a capitalization rate of approx. 9.5%.

Last Agent to Sell the Property

Eris Ball

Underdown, Ball & Associates, LLC License #279229 Listed on: 11/28/2016

Last Buyer's Agent

Robert Ball

Underdown, Ball & Associates, LLC License #184573

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $392

Year Built

  • Built in 1936

Lot Details

  • 7,841 Sq Ft Lot
  • Street terminates at a dead end
  • Corner Lot
  • Cleared Lot
  • Property is zoned R12

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 624 Sq Ft Home
  • 500-700 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Elkin Middle School
  • Elkin High School

Utilities

  • Window Unit Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 495107650243
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$392

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Lot Size: See Legal
  • Subdivision Name: None
  • Directions: North Bridge Street in Elkin to Salmon Street. 207 on the left on the corner of Hickory Street and Salmon Street.
  • Above Grade Finished Sq Ft: 624
  • Architectural Style: Cottage
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1936
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 500 - 700
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Estimated
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • TRIADMLS_AdCopy: Charming tiny cottage in town. 624 SF 2 BR, 1 BA, kitchen, living room. Covered front & back porches. Recently insulated. New roof in 2015. Kerosene monitor heat. Great investment opportunity: presently leased month-to-month with cap rate of approx. 9.5%.
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: Ceiling Fan(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 624
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Cleared, Corner Lot, Dead End
  • Construction Type: Vinyl Siding
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: See Remarks
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Remarks
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Elkin
  • High School: Elkin
  • Middle Or Junior School: Elkin

Lot Info

  • Parcel #: 495107650243
  • Zoning: R12
  • TRIADMLS_PricePerAcre: 211111.1111
  • TRIADMLS_DeedPage: 595
  • TRIADMLS_DeedBook: 873
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 392
  • Tax Year: 2015
  • TRIADMLS_TaxRate: 1.254

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2022
Sold by
Wetzel Sharon S and Wetzel Alan W
Bought by
Honeycutt Martha P
Current Estimated Value
$131,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Outstanding Balance
$39,704
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$96,856

Purchase Details

Listed on
Nov 28, 2016
Closed on
Mar 14, 2017
Sold by
Dowell John E and Dowell Jo Lynn
Bought by
Wetzel Sharon
Seller's Agent
Eris Ball
Underdown, Ball & Associates, LLC
Buyer's Agent
Robert Ball
Underdown, Ball & Associates, LLC
List Price
$38,000
Sold Price
$31,000
Premium/Discount to List
-$7,000
-18.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.11%

Purchase Details

Closed on
May 1, 2002

Purchase Details

Closed on
May 1, 2000

Purchase Details

Closed on
Feb 1, 1997

Purchase Details

Closed on
Mar 1, 1972
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
Honeycutt Martha P $73,000 Emily Barr Andrews Pllc
Wetzel Sharon $31,000 None Available
-- -- --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Honeycutt Martha P $25,000
Open Honeycutt Martha P $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2017 03/21/17 Sold $31,000 -18.4% $62 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
11/28/2016 11/28/16 For Sale $38,000 -- $76 / 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
2024 $570 $76,720 $10,800 $65,920
2023 $287 $65,850 $10,800 $55,050
2022 $280 $33,960 $10,800 $23,160
2021 $280 $33,960 $10,800 $23,160
2020 $277 $32,540 $10,800 $21,740
2019 $274 $32,540 $10,800 $21,740
2018 $271 $32,540 $0 $0
2017 $262 $32,540 $0 $0
2016 $259 $31,240 $0 $0
2013 -- $31,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 814896

Triad MLS

APN: 4951-07-65-0243