NOT LISTED FOR SALE

312 Barbour St Salisbury, NC 28144

Estimated Value: $126,000 - $163,095

3 Beds
1.5 Baths
1,222 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $110,000 $90 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $796/month

28 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Asbestos
  • Laundry Room
  • Central Heating

About This Home

As of June 2023

Charming As-Is Investment Opportunity: Traditional 3-Bedroom Ranch with a Proven Cash Flow
Discover this hidden gem nestled on a .14-acre lot, boasting a quaint 1,222 sqft traditional ranch-style home built in 1956. This 3-bedroom, 1.5-bathroom property offers a proven track record of generating a steady cash flow of $1,000 per month over the past three years.
Featuring a cozy backyard that is perfect for relaxation or entertaining guests, the home sits on a decently sized lot with a nice lawn.
While this home requires some TLC, the foundation is solid, and the potential for improvement is limitless. Recommended upgrades include a fresh coat of paint, roof replacement, and attention to uneven flooring. This property presents an excellent opportunity for investors or DIY enthusiasts looking to transform a house into a dream home.
Its potential and proven cash flow make it a unique and valuable find. Don't miss out on the chance to capitalize on this promising investment opportunity!

Last Agent to Sell the Property

Matt Stevens

Stalwart & Wise Real Estate Group License #288436 Listed on: 04/21/2023

Last Buyer's Agent

Erin Foster

SDH Charlotte LLC License #318102

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • Property is zoned GR6

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Asbestos

Interior Spaces

  • 1,222 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 025 029

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1956
  • Road Surface Type: Dirt, Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 90.02
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1222
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Range
  • Above Grade Finished Sq Ft: 1222
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1222
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Asbestos

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen
  • Cooling: Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 025 029
  • Zoning: GR6
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jun 13, 2023
Sold by
Green Creek Properties Acquisition Group
Bought by
Beam Scott Gerald
Seller's Agent
Matt Stevens
Stalwart & Wise Real Estate Group
Buyer's Agent
Erin Foster
SDH Charlotte LLC
List Price
$119,997
Sold Price
$110,000
Premium/Discount to List
-$9,997
-8.33%
Views
252
Current Estimated Value
$145,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,524
Avg. Annual Appreciation
11.70%
Original Mortgage
$15,000
Outstanding Balance
$14,356
Interest Rate
3.9%
Estimated Equity
$131,168

Purchase Details

Closed on
Jan 25, 2019
Sold by
Arnold Demario Q
Bought by
Green Creek Properties Acquisition Group

Purchase Details

Closed on
Nov 9, 2016
Sold by
Secretary Of Housing & Urban Development
Bought by
Arnold Demario

Purchase Details

Closed on
Sep 6, 2016
Sold by
Pnc Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Aug 23, 2016
Sold by
Yeldell Evelyn E
Bought by
Pnc Bank Na

Purchase Details

Closed on
Jul 7, 1998
Bought by
Yeldell Evelyn E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Beam Scott Gerald $110,000 None Listed On Document
Beam Scott Gerald $110,000 None Listed On Document
Green Creek Properties Acquisition Group -- None Available
Arnold Demario -- None Available
Secretary Of Housing & Urban Development -- None Available
Pnc Bank Na $23,126 None Available
Yeldell Evelyn E $22,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beam Scott Gerald $15,000
Closed Beam Scott Gerald $15,000
Open Beam Scott Gerald $98,205
Closed Beam Scott Gerald $98,205
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2023 06/20/23 Sold $110,000 0.0% $90 / Sq Ft
05/17/2023 05/17/23 Price Changed $109,997 -8.3% $90 / Sq Ft
04/21/2023 04/21/23 For Sale $119,997 -- $98 / 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 $435 $68,516 $11,000 $57,516
2024 $435 $68,516 $11,000 $57,516
2023 $435 $68,516 $11,000 $57,516
2022 $292 $41,029 $9,500 $31,529
2021 $284 $41,029 $9,500 $31,529
2020 $273 $39,482 $9,500 $29,982
2019 $284 $41,029 $9,500 $31,529
2018 $260 $37,852 $9,500 $28,352
2017 $260 $37,852 $9,500 $28,352
2016 $260 $37,852 $9,500 $28,352
2015 $264 $37,852 $9,500 $28,352
2014 $265 $38,671 $9,000 $29,671
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4022594

Canopy MLS (Canopy Realtor® Association)

APN: 025-029