NOT LISTED FOR SALE

401 E Innes St Salisbury, NC 28144

Estimated Value: $237,000 - $262,379

0.32 Acre
$780,281 Price per Acre
13,939 Sq Ft Lot

Last Sold September 19, 2023

Last sale price $230,000

Est. 1% increase in value since last sale

Current estimated payment $1,460/month

627 Days on Market

Highlights

  • Fitness Center
  • Corner Lot
  • Tennis Courts
  • City View
  • No HOA
  • Trails

About This Lot

As of September 2023

Awesome CORNER commercial lot ** PERFECT FOR A DRIVE THRU ** Ready for Development l---> Zoned CMX or Corridor Mixed Use which allows many uses Going East its only .4 mile to I-85 with some interstate visibility [``` Gigantic names nearby Chic Filet & Starbucks, McDonalds, Burger King, Waffle House, Wendy's ```] ---> ADT counts ~30,000 City of Salisbury has also recently improved: streets sidewalks, bike lanes, improved street lighting, improved cross walks with (faux brick) directly adjacent to this lot. 2 curb cuts in place & large grandfathered custom sign in place. CMX Permitted Uses Include: Residential, Offices, Retail, Resturant, Entertainment, Amusements, Recreation, laundry services, mini warehouse, civic, parking, see table of uses for more details

Last Agent to Sell the Property

Keith Knight

Wallace Realty Brokerage Email: keitheknight@gmail.com License #200248 Listed on: 11/11/2021

Last Buyer's Agent

Keith Knight

Wallace Realty Brokerage Email: keitheknight@gmail.com License #200248 Listed on: 11/11/2021

Property Details

Property Type

  • Land

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 70'x200'
  • Property fronts a highway
  • Corner Lot
  • Cleared Lot
  • Possible uses of the property include Commercial, Residential
  • Property is zoned CMX

Property Views

  • City Views

Home Design

  • Slab Foundation

Utilities

  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 010367

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Fitness Center
  • Dog Park
  • Trails

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Other - See Remarks
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: 4 Lane Highway, City Street, Interstate 1 mile or Less, State Highway, US Highway
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: keitheknight@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Possible Use: Commercial, Residential

Exterior Features

  • View: City
  • Other Structures: None

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Security: Security Service
  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Gas, Phone Connected
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Dog Park, Fitness Center, Sidewalks, Street Lights, Tennis Court(s), Walking Trails
  • Hoa Subject To Dues: No
  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Cleared, Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 010367
  • Zoning: CMX
  • Cleared Acres: 0.32
  • Lot Size Acres: 0.32
  • Lot Size: 70'x200'
  • Lot Size Sq Ft: 13939
  • ResoLotSizeUnits: Acres
  • Zoning Specification: CMX

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2021
Closed on
Sep 5, 2023
Sold by
J E M Farms Llc
Bought by
Papa Vasili Llc
Seller's Agent
Keith Knight
Wallace Realty
Buyer's Agent
Keith Knight
Wallace Realty
List Price
$299,777
Sold Price
$230,000
Premium/Discount to List
-$69,777
-23.28%
Views
313
Current Estimated Value
$233,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,044
Avg. Annual Appreciation
3.68%
Original Mortgage
$172,500
Outstanding Balance
$168,800
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$80,890

Purchase Details

Closed on
Dec 30, 2015
Sold by
Rowland Properties Inc
Bought by
J E M Farms Llc
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
Papa Vasili Llc $230,000 None Listed On Document
Papa Vasili Llc $230,000 None Listed On Document
J E M Farms Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papa Vasili Llc $172,500
Closed Papa Vasili Llc $172,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2023 09/19/23 Sold $230,000 -23.3% --
07/31/2023 07/31/23 Pending -- -- --
11/11/2021 11/11/21 For Sale $299,777 -- --
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 $2,862 $239,295 $239,295 $0
2024 $2,862 $239,295 $239,295 $0
2023 $2,862 $239,295 $239,295 $0
2022 $2,417 $175,483 $175,483 $0
2021 $2,417 $175,483 $175,483 $0
2020 $2,417 $175,483 $175,483 $0
2019 $2,417 $175,483 $175,483 $0
2018 $2,384 $175,483 $175,483 $0
2017 $2,372 $175,483 $175,483 $0
2016 $4,268 $324,702 $175,483 $149,219
2015 $4,294 $324,702 $175,483 $149,219
2014 $4,639 $354,985 $186,984 $168,001
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3805364

Canopy MLS (Canopy Realtor® Association)

APN: 010-367