NOT LISTED FOR SALE

275 Ted Ln Salisbury, NC 28146

Estimated Value: $313,000 - $352,000

3 Beds
2 Baths
2,166 Sq Ft
$152/Sq Ft Est. Value

Last Sold March 27, 2023

Last sale price $259,000 $120 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,873/month

135 Days on Market

Highlights

  • Vaulted Ceiling
  • Covered Patio or Porch
  • Walk-In Closet
  • No HOA
  • Built-In Features
  • Laundry Room

About This Home

As of March 2023

This spacious 3 BD 2 Ba split level home is just outside the city limits with low county taxes but convenient to local shopping, businesses, and I-85. Great Room offers vaulted ceiling and gas log fireplace. Lower level has 2 separate rooms, one with a bar / entertainment area, one with a closet (previously used as 4th bedroom). From the dining area walk out on a covered patio to a private fenced back yard. You can also access the back yard from bar / entertainment area giving you plenty of space for BBQ's and family gatherings.

Last Agent to Sell the Property

Marlena Johnson

Home Realty and Mortgage LLC Brokerage Email: mjohnson@homerealtyandmortgage.com License #293376 Listed on: 10/12/2022

Co-Listed By

Terlin Johnson

Home Realty and Mortgage LLC Brokerage Email: mjohnson@homerealtyandmortgage.com License #201287

Last Buyer's Agent

Jessica Eudy

Howard Hanna Allen Tate Concord License #318003

Howard Hanna Allen Tate Concord

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,752

Year Built

  • Built in 1972

Lot Details

  • 0.56 Acre Lot
  • Fenced
  • Property is zoned RA-3, RA3

Parking

  • 2 Detached Carport Spaces

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Built-In Features
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Partially Finished Basement
  • Interior and Exterior Basement Entry

Kitchen

  • Electric Range
  • Plumbed For Ice Maker

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Southeast Middle School
  • Jesse Carson High School

Utilities

  • Central Air
  • Heat Pump System
  • Shared Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Correll Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 411A041
  • Tax Block D

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,752

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1972
  • Road Surface Type: Gravel, Paved
  • Unit Levels: Split Level
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 119.58
  • Bedroom Lower: 0
  • Attribution Contact: mjohnson@homerealtyandmortgage.com
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Attic Other, Built-in Features, Cable Prewire, Vaulted Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 630
  • Main Level Sq Ft: 0
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 630
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 630
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1536
  • Appliances: Electric Range, Electric Water Heater, Plumbed For Ice Maker, Refrigerator
  • Above Grade Finished Sq Ft: 2166
  • Has Basement: Exterior Entry, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Great Room
  • Living Area: 2166
  • Bedroom Main: 0
  • Room Count: 9

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Fenced
  • Construction Type: Brick Partial, Vinyl
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Front Porch, Patio, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Carport

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: Shared Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Southeast
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.56
  • Lot Size Units: Acres
  • Parcel Number: 411A041
  • Zoning: RA3
  • Plat Book Slide: 9995 / 635
  • Plat Reference Section Pages: 635
  • Lot Size Acres: 0.56
  • Lot Size Sq Ft: 24393
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA-3

Tax Info

  • Tax Block: D

MLS Schools

  • Elementary School: Unspecified
  • High School: Jesse Carson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Apr 4, 2023
Sold by
Fraley William T and Kim Yost
Bought by
Cowan Kenneth and Cowan Kristina
Seller's Agent
Marlena Johnson
Home Realty and Mortgage LLC
Buyer's Agent
Jessica Eudy
Howard Hanna Allen Tate Concord
List Price
$339,000
Sold Price
$259,000
Premium/Discount to List
-$80,000
-23.6%
Views
192
Current Estimated Value
$329,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,324
Avg. Annual Appreciation
9.72%
Original Mortgage
$254,308
Outstanding Balance
$246,597
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$82,727

Purchase Details

Listed on
Oct 12, 2022
Closed on
Mar 27, 2023
Sold by
Fraley William T and Fraley Kim Y
Bought by
Cowan Kenneth and Cowan Kristina
Seller's Agent
Marlena Johnson
Home Realty and Mortgage LLC
Buyer's Agent
Jessica Eudy
Howard Hanna Allen Tate Concord
List Price
$339,000
Sold Price
$259,000
Premium/Discount to List
-$80,000
-23.6%
Views
192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,308
Outstanding Balance
$246,597
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$82,727

Purchase Details

Closed on
Jan 18, 2000
Bought by
Fraley William Todd and Fraley Wf
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
Cowan Kenneth -- None Listed On Document
Cowan Kenneth -- None Listed On Document
Cowan Kenneth $259,000 --
Fraley William Todd $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cowan Kenneth $254,308
Closed Cowan Kenneth $9,065
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2023 03/27/23 Sold $259,000 -2.2% $120 / Sq Ft
02/13/2023 02/13/23 Price Changed $264,900 -1.9% $122 / Sq Ft
01/16/2023 01/16/23 Price Changed $269,900 -1.8% $125 / Sq Ft
01/11/2023 01/11/23 Price Changed $274,900 -1.8% $127 / Sq Ft
01/03/2023 01/03/23 Price Changed $279,900 -1.8% $129 / Sq Ft
12/19/2022 12/19/22 Price Changed $284,900 -1.7% $132 / Sq Ft
12/12/2022 12/12/22 Price Changed $289,900 -4.9% $134 / Sq Ft
11/21/2022 11/21/22 Price Changed $304,900 -1.6% $141 / Sq Ft
11/15/2022 11/15/22 Price Changed $309,900 -1.6% $143 / Sq Ft
11/07/2022 11/07/22 Price Changed $314,900 -4.5% $145 / Sq Ft
10/27/2022 10/27/22 Price Changed $329,900 -1.5% $152 / Sq Ft
10/19/2022 10/19/22 Price Changed $334,900 -1.2% $155 / Sq Ft
10/12/2022 10/12/22 For Sale $339,000 -- $157 / 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 $1,752 $261,448 $24,168 $237,280
2024 $1,752 $261,448 $24,168 $237,280
2023 $1,752 $261,448 $24,168 $237,280
2022 $1,031 $137,915 $17,643 $120,272
2021 $1,021 $137,915 $17,643 $120,272
2020 $1,031 $137,915 $17,643 $120,272
2019 $1,021 $137,915 $17,643 $120,272
2018 $840 $115,220 $17,582 $97,638
2017 $840 $115,220 $17,582 $97,638
2016 $840 $115,220 $17,582 $97,638
2015 $853 $115,220 $17,582 $97,638
2014 $871 $119,788 $17,582 $102,206
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3911101

Canopy MLS (Canopy Realtor® Association)

APN: 411-A041