NOT LISTED FOR SALE

400&406 Mahaley Ave Unit Lt 1, 2 & 3 Salisbury, NC 28144

Estimated Value: $539,526

-- Bed
-- Bath
4,800 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 09, 2015

Last sale price $230,000 $48 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $3,169/month

223 Days on Market

About This Home

As of September 2015

Super investment opportunity! Great potential for urban residential apartments. Conveniently located. Within blocks to restaurants, shopping and the medical center. These buildings have the bones to attract long-term residents. Original hardwood floors throughout, spacious bedrooms and bath with original tile. Cedar-lined closets and living dining combo. Four units per building give a townhome type feeling. Be a part of the revitalization of Salisbury!

Last Agent to Sell the Property

Melissa Query

Wallace Realty License #281047 Listed on: 11/21/2014

Last Buyer's Agent

Harold Blackwelder

Bestway Realty License #168806

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 1.13

Additional Features

  • Wood Flooring
  • Crawl Space

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Rent includes garbage pick-up, water
  • Assessor Parcel Number 002 051&002 052

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.85981
  • Ratio Close Price By Original Li: 0.77966
  • Ratio Current Price By Acre: 203539.82
  • Ratio Current Price By Sq Ft: 47.92
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Equipment: Exhaust Hood, Refrigerator
  • Flooring: Wood
  • Total Sq Ft: 4800

Exterior Features

  • Construction: Concrete Block

Garage/Parking

  • Parking: Driveway, Carport - 4+ Car

Utilities

  • Heating: Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Overton
  • Middle School: Knox
  • High School: Salisbury

Lot Info

  • Lot Dimension: 250.75x199.49x252.49x191.08
  • Lot Size Area: 1.130
  • Parcel Number: 002 051&002 052
  • Plat Book Slide: 877
  • Plat Reference Section Pages: 903
  • Zoning: Residential
  • Zoning Specification: UR-12

Rental Info

  • Rent Includes: Garbage Pick-up, Water
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Value: 377112.00
  • Tax Location: Salisbury

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2020
Sold by
Jankowski Walter and Jankowski Laura
Bought by
Janski Nine Llc
Total Days on Market
223
Current Estimated Value
$539,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,587
Outstanding Balance
$235,788
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$326,109

Purchase Details

Closed on
Jul 27, 2020
Sold by
Attorney Properties Llc
Bought by
Jankowski Walter and Jankowski Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,587
Outstanding Balance
$235,788
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$326,109

Purchase Details

Listed on
Nov 21, 2014
Closed on
Sep 9, 2015
Sold by
Timberlake Properties Llc
Bought by
Attorney Properties Llc
Seller's Agent
Melissa Query
Wallace Realty
Buyer's Agent
Harold Blackwelder
Bestway Realty
List Price
$295,000
Sold Price
$230,000
Premium/Discount to List
-$65,000
-22.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$569,535
Interest Rate
4.02%
Mortgage Type
Commercial
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
Janski Nine Llc -- None Available
Jankowski Walter $347,500 None Available
Attorney Properties Llc $460,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jankowski Walter $260,587
Previous Owner Attorney Properties Llc $1,060,000
Previous Owner Attorney Properties Llc $569,535
Previous Owner Timberlake Properties Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2015 09/09/15 Sold $230,000 -22.0% $48 / Sq Ft
07/02/2015 07/02/15 Pending -- -- --
11/21/2014 11/21/14 For Sale $295,000 -- $61 / 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 $3,666 $306,518 $61,600 $244,918
2023 $3,666 $306,518 $61,600 $244,918
2022 $3,049 $221,394 $53,900 $167,494
2021 $3,049 $221,394 $53,900 $167,494
2020 $3,049 $221,394 $53,900 $167,494
2019 $3,049 $221,394 $53,900 $167,494
2018 $2,666 $196,252 $53,900 $142,352
2017 $2,574 $190,476 $53,900 $136,576
2016 $2,504 $190,476 $53,900 $136,576
2015 $2,519 $190,476 $53,900 $136,576
2014 $1,611 $123,279 $53,900 $69,379
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3065448

Canopy MLS (Canopy Realtor® Association)

APN: 002-051