NOT LISTED FOR SALE

365 Molasses Mill Rd Unit 5 Salisbury, NC 28147

Estimated Value: $183,233 - $250,000

2 Beds
1 Bath
785 Sq Ft
$285/Sq Ft Est. Value

Last Sold November 27, 2019

Last sale price $115,000 $146 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,286/month

22 Days on Market

Highlights

  • Private Lot
  • Wood Flooring
  • Many Trees

About This Home

As of November 2019

Cute little house sitting on just over 5 acres of land. House could use a little TLC but has a ton of potential. The house offers wood floors and has a nice screened in porch and a large deck. Per the owner, the electrical was updated approximately 6 years ago. The bathroom was rebuilt 2 years ago. A new drain was put into the septic system in September of this year. Septic tank was pumped about 6 months ago per the property manager. The yard is open with beautiful oak trees and is very private. Outside there is a Large detached garage and plenty of space for additional parking. The Outbuilding to the right belongs to the adjacent property and does not convey. House is on the left on Lot 5.

Last Agent to Sell the Property

Mike Brincefield

Dover Realty and Associates, Inc License #192546 Listed on: 10/04/2019

Last Buyer's Agent

Rodney Queen

Lantern Realty & Development LLC License #197764

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • Private Lot
  • Level Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Flooring

  • Wood
  • Vinyl

Additional Features

  • 1 Full Bathroom
  • Crawl Space
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 808010

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92369
  • Ratio Close Price By Original Li: 0.92369
  • Ratio Current Price By Acre: 22330.10
  • Ratio Current Price By Sq Ft: 146.50
  • Year Built: 1927
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Ceiling Fan(s), Cable Prewire, Electric Dryer Hookup, Electric Range, Electric Oven
  • Flooring: Vinyl, Wood
  • Laundry Location: Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 785
  • Total Sq Ft: 785

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

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

Utilities

  • Heating: Central Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: West Rowan
  • Middle School: West Rowan
  • High School: West Rowan

Lot Info

  • Lot Features: Level, Private, Trees
  • Lot Size Area: 5.150
  • Parcel Number: 808010
  • Plat Reference Section Pages: 267
  • Zoning Specification: RA

Tax Info

  • Tax Value: 89202.00
  • Tax Location: Salisbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2019
Closed on
Nov 20, 2019
Sold by
Fletcher Gwendolyn W and Fletcher Gary Y
Bought by
Becker Amy and Becker Lawrence L
Seller's Agent
Mike Brincefield
Dover Realty and Associates, Inc
Buyer's Agent
Rodney Queen
Lantern Realty & Development LLC
List Price
$124,500
Sold Price
$115,000
Premium/Discount to List
-$9,500
-7.63%
Current Estimated Value
$224,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,058
Avg. Annual Appreciation
10.35%
Original Mortgage
$109,250
Outstanding Balance
$97,959
Interest Rate
3.6%
Estimated Equity
$104,678
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
Becker Amy $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becker Amy $109,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2019 11/27/19 Sold $115,000 0.0% $146 / Sq Ft
10/26/2019 10/26/19 Pending -- -- --
10/16/2019 10/16/19 Off Market $115,000 -- --
10/04/2019 10/04/19 For Sale $124,500 -- $159 / 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 $786 $120,053 $62,320 $57,733
2024 $786 $120,053 $62,320 $57,733
2023 $786 $120,053 $62,320 $57,733
2022 $675 $92,137 $50,747 $41,390
2021 $666 $92,137 $50,747 $41,390
2020 $666 $92,137 $50,747 $41,390
2019 $666 $92,137 $50,747 $41,390
2018 $635 $89,202 $50,747 $38,455
2017 $635 $89,202 $50,747 $38,455
2016 $626 $89,202 $50,747 $38,455
2015 $636 $89,202 $50,747 $38,455
2014 $630 $91,276 $50,747 $40,529
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3553303

Canopy MLS (Canopy Realtor® Association)

APN: 808-010