NOT LISTED FOR SALE

260 Cannon Rd Salisbury, NC 28147

Estimated Value: $249,041 - $382,000

2 Beds
1 Bath
1,300 Sq Ft
$242/Sq Ft Est. Value

Last Sold March 24, 2016

Last sale price $165,000 $127 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,733/month

101 Days on Market

Highlights

  • Den with Fireplace
  • Central Air
  • Lot Has A Rolling Slope
  • Patio

About This Home

As of March 2016

1945 Cottage on approx 11.45 acres across the street from horse farm. Approx 850' road frontage. House has a wonderful sun room with fireplace, large eat in kitchen with range, dishwasher and refrigerator, and one bath. There is an enclosed unheated porch currently used for storage that could be expanded for extra living space. Covered porches. Detached storage.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,009

Year Built

  • Built in 1945

Lot Details

  • 11.45 Acre Lot
  • Property fronts an interstate
  • Lot Has A Rolling Slope
  • Possible uses of the property include Multi-Family
  • Property is zoned RA

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • Den with Fireplace
  • Crawl Space
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Patio

Schools

  • Mount Ulla Elementary School
  • West Rowan Middle School
  • West Rowan High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 068

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,009

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1945
  • Road Frontage Type: Interstate
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Interior Amenities: Other - See Remarks
  • Sq Ft Unheated Basement: 0
  • Possible Use: Multi-Family
  • Appliances: Exhaust Hood, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Den
  • Living Area: 1300
  • Room Count: 5

Exterior Features

  • Roof: Composition
  • Road Frontage: 850
  • Construction Type: Brick Partial
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Yn: No

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed, None
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: West Rowan

Lot Info

  • Lot Features: Rolling Slope
  • Lot Size Area: 11.45
  • Lot Size Units: Acres
  • Parcel Number: 068
  • Zoning: RA
  • Lot Size Acres: 11.45
  • Lot Size: irr
  • Lot Size Sq Ft: 498762
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Mount Ulla
  • High School: West Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2015
Closed on
Mar 24, 2016
Sold by
Cannon Sheila Dawn
Bought by
Johnson F Joanne
List Price
$179,900
Sold Price
$165,000
Premium/Discount to List
-$14,900
-8.28%
Current Estimated Value
$314,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,510
Avg. Annual Appreciation
6.95%
Original Mortgage
$170,445
Outstanding Balance
$134,772
Interest Rate
3.62%
Mortgage Type
VA
Estimated Equity
$179,738

Purchase Details

Closed on
Jan 12, 2007
Sold by
Cannon Mary Lois
Bought by
Cannon Homer Ray and Cannon Shelia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Johnson F Joanne $5,000 None Available
Frazier Ronald G $165,000 None Available
Cannon Homer Ray -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frazier Ronald G $170,445
Previous Owner Cannon Homer Ray $215,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2016 06/26/16 Off Market $165,000 -- --
03/24/2016 03/24/16 Sold $165,000 -8.3% $127 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
10/05/2015 10/05/15 For Sale $179,900 -- $138 / 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 $1,009 $148,922 $31,380 $117,542
2024 $1,009 $148,922 $31,380 $117,542
2023 $1,009 $148,922 $31,380 $117,542
2022 $912 $120,729 $25,670 $95,059
2021 $902 $120,729 $25,670 $95,059
2020 $902 $120,729 $25,670 $95,059
2019 $902 $120,729 $25,670 $95,059
2018 $802 $190,204 $107,629 $82,575
2017 $802 $190,204 $107,629 $82,575
2016 $698 $151,233 $93,102 $58,131
2015 $643 $151,233 $93,102 $58,131
2014 $631 $141,196 $80,486 $60,710
Source: Public Records

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: R58221

Canopy MLS (Canopy Realtor® Association)

APN: 457-068