NOT LISTED FOR SALE

301 4th St Spencer, NC 28159

Estimated Value: $321,000 - $440,234

4 Beds
2 Baths
3,650 Sq Ft
$104/Sq Ft Est. Value

Last Sold December 20, 2019

Last sale price $196,000 $54 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,563/month

57 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Fireplace
  • Victorian Architecture
  • Terrace

About This Home

As of December 2019

MOTIVATED SELLERS! Beautiful Queen Ann style home, originally built in the heart of the Historical District for banker J.K Dorsett, is now ready and waiting for you! This home, full of character and unique charm, will take you back in time. The covered, wrap around porch escorts you directly to the double oak doors that lead into two beautiful parlors. These charm filled parlors, complete with original fireplaces and original pocket doors, have been featured in Spencer's Christmas Home Tours. The main floor consists of 2 parlors, formal dining room, updated kitchen, unique butlers pantry, master bed/bath and formal staircase. The second floor consists of an updated bathroom, office, bonus room and 3 bedrooms. This large home holds a total of 5 fireplaces and restored heartwood pine floors throughout. Enjoy the outdoors from either of the 2 large terraces overlooking Spencer's Historical Library and park, where many cultural community events are held.

Last Agent to Sell the Property

Darrell Jessee

Chase Real Estate License #298152 Listed on: 09/26/2019

Last Buyer's Agent

Greg Rapp

Salisbury Real Estate LLC License #210485

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • 8,712

Parking

  • 2

Home Design

  • Victorian Architecture

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace
  • Wood Flooring
  • Pull Down Stairs to Attic

Additional Features

  • Terrace
  • Corner Lot

Listing and Financial Details

  • Assessor Parcel Number 033365

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Victorian
  • Ratio Close Price By List Price: 0.89131
  • Ratio Close Price By Original Li: 0.81701
  • Ratio Current Price By Acre: 980000.00
  • Ratio Current Price By Sq Ft: 53.70
  • Year Built: 1912
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 1709
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Microwave
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1941
  • Total Sq Ft: 3650

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Terrace

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Garage - 2 Car

Utilities

  • Heating: Gas Hot Air Furnace, Wall Unit - AC
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: North Rowan
  • Middle School: North Rowan
  • High School: North Rowan

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.200
  • Parcel Number: 033365
  • Zoning Specification: SFR

Tax Info

  • Tax Value: 137419.00
  • Tax Location: Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Ribbon Homes Spv I Llc
Bought by
Klaus Timothy
Total Days on Market
57
Current Estimated Value
$378,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Outstanding Balance
$131,231
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$269,036

Purchase Details

Listed on
Sep 26, 2019
Closed on
Dec 19, 2019
Sold by
Simpson Patricia and Stoner Revocable Livi Thomas R
Bought by
Ribbon Home Spv I Llc
Seller's Agent
Darrell Jessee
Chase Real Estate
Buyer's Agent
Greg Rapp
Salisbury Real Estate LLC
List Price
$239,900
Sold Price
$196,000
Premium/Discount to List
-$43,900
-18.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.00%
Original Mortgage
$25,000,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 10, 2014
Sold by
Stoner Tommy R and Stoner Judy R
Bought by
Stoner Thomas R
Source: Public Records

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Range of Values:

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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
Klaus Timothy $196,000 None Available
Ribbon Home Spv I Llc $196,000 Millennial Title Partners
Stoner Thomas R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klaus Timothy C $60,000
Open Klaus Timothy $146,000
Previous Owner Ribbon Home Spv Lllc $25,000,000
Previous Owner Rape Tonya C $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold $196,000 -10.9% $54 / Sq Ft
11/23/2019 11/23/19 Pending -- -- --
11/02/2019 11/02/19 Price Changed $219,900 -4.3% $60 / Sq Ft
10/19/2019 10/19/19 Price Changed $229,900 -4.2% $63 / Sq Ft
09/26/2019 09/26/19 For Sale $239,900 -- $66 / 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
2024 $5,277 $466,969 $26,600 $440,369
2023 $5,277 $466,969 $26,600 $440,369
2022 $2,115 $161,176 $22,400 $138,776
2021 $2,115 $161,176 $22,400 $138,776
2020 $2,115 $161,176 $22,400 $138,776
2019 $2,115 $161,176 $22,400 $138,776
2018 $1,783 $137,419 $22,400 $115,019
2017 $1,701 $131,088 $22,400 $108,688
2016 $1,701 $131,088 $22,400 $108,688
2015 $1,727 $131,088 $22,400 $108,688
2014 $1,842 $144,136 $20,300 $123,836
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3547721

Canopy MLS (Canopy Realtor® Association)

APN: 033-365