
221 W Main St Wallace, NC 28466
Estimated payment $1,649/month
Highlights
- Very Popular Property
- 2 Fireplaces
- No HOA
- Main Floor Primary Bedroom
- Corner Lot
- Covered Patio or Porch
About This Home
This four-bedroom, three-bathroom property on a corner lot offers substantial investment opportunities for buyers focused on building wealth through real estate. The multiple bedrooms and bathrooms create strong rental income potential or excellent resale prospects after strategic improvements. Savvy investors will appreciate the renovation possibilities throughout this home. The character is undeniable!!! The living room centers around an attractive fireplace as a focal point that enhances the home's character and provides natural gathering space for residents or guests. The interior features a lower level master suite with ensuite bath/ Master bath features a unique sunken shower/tub, formal dining room and a home office. Upstairs 3 additional bedrooms share two baths.One bath is shared by two bedrooms while a third is hallway accessible. Detached building with loft and covered open air storage, space are great for those who like to create, grow plants, or need storage. Served by Town of Wallace for water and sewer. Agents, please see agent remarks to submit offers. Prequal letter required with all offers. Small area of garage back wall area encroaches over the property line. See survey in MLS docs.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $857
Year Built
- Built in 1930
Lot Details
- 0.31 Acre Lot
- Lot Dimensions are 65 x 210
- Corner Lot
- Property is zoned R-10
Home Design
- Wood Frame Construction
- Shingle Roof
- Metal Roof
- Wood Siding
- Stick Built Home
Interior Spaces
- 2,900 Sq Ft Home
- 2-Story Property
- Bookcases
- 2 Fireplaces
- Living Room
- Formal Dining Room
- Crawl Space
- Permanent Attic Stairs
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Walk-in Shower
Parking
- Dirt Driveway
- On-Site Parking
Outdoor Features
- Covered Patio or Porch
- Outdoor Storage
Schools
- Wallace Elementary And Middle School
- Wallace-Rose Hill High School
Utilities
- Forced Air Heating System
- Heat Pump System
- Municipal Trash
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 09-3355
Map
Home Values in the Area
Average Home Value in this Area
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 | $857 | $126,400 | $12,600 | $113,800 |
2023 | $1,713 | $126,400 | $12,600 | $113,800 |
2022 | $1,678 | $126,400 | $12,600 | $113,800 |
2021 | $1,713 | $126,400 | $12,600 | $113,800 |
2020 | $929 | $126,400 | $12,600 | $113,800 |
2019 | $904 | $126,400 | $12,600 | $113,800 |
2018 | $904 | $126,400 | $12,600 | $113,800 |
2016 | $940 | $128,800 | $12,600 | $116,200 |
2013 | $909 | $128,800 | $12,600 | $116,200 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/29/2025 08/29/25 | For Sale | $290,000 | -- | $100 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Trustee Deed | $211,412 | None Listed On Document | |
Trustee Deed | $211,412 | None Listed On Document | |
Warranty Deed | -- | None Available | |
Warranty Deed | $25,000 | -- | |
Special Warranty Deed | $20,000 | -- | |
Trustee Deed | $69,151 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $304,500 | Reverse Mortgage Home Equity Conversion Mortgage |
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Source: Hive MLS
MLS Number: 100528033

APN: 09-3355
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