NOT LISTED FOR SALE

402 N Salisbury Ave Spencer, NC 28159

Estimated Value: $130,000 - $201,649

2 Beds
1 Bath
1,700 Sq Ft
$92/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $82,500 $49 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $991/month

266 Days on Market

Highlights

  • 0.45 Acre Lot
  • No HOA
  • Forced Air Heating and Cooling System
  • Dining Room with Fireplace
  • Detached Carport Space
  • Asbestos

About This Home

As of March 2020

REDUCED!! Excellent location on NC RT 29. Single family home. Zoned for multifamily. Potential for commercial use with zoning change request/approval. 2017 AADT 6,900 cars per day. (Source NC DOT mapping) Nearby amenities include: Bojangles restaurant, Food Lion, NC Transportation museum, Walgreen's, Dollar General, Various restaurants. 3 miles to Salisbury. Plus, only 2.2 miles (4 mins) to the future location of Chewy Inc.’s planned 700,000 square foot fulfillment facility.

Last Agent to Sell the Property

Lorraine Garofalo

Carolina4Sale Realty LLC License #290668 Listed on: 04/23/2019

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1913

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 100 x 194 x 100 x 194
  • Property is zoned R6

Parking

  • 2 Car Garage
  • Detached Carport Space
  • Driveway

Home Design

  • Asbestos

Interior Spaces

  • 1,612 Sq Ft Home
  • 1,400-1,700 Sq Ft Home
  • Property has 1 Level
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • 4 Fireplaces

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Newton Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 035 196
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,142

Year Built

Built in 1913

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.45
  • Lot Size: 100 x 194 x 100 x 194
  • Subdivision Name: Newton Heights
  • Directions: From Salisbury, NC - Take US29 N to Spencer, NC. Home is on the left.
  • Above Grade Finished Sq Ft: 1612
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1913
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1400 - 1700
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Range, Electric Water Heater
  • Interior Amenities: Dead Bolt(s)
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Dining Room, Living Room, Primary Bedroom
  • Fireplaces: 4
  • Living Area: 1612
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Pool Features: None
  • Construction Type: Asbestos
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Carport, Driveway, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Fireplace(s), Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 035 196
  • Zoning: R6
  • TRIADMLS_PricePerAcre: 188888.8889
  • TRIADMLS_PlatPage: 69
  • TRIADMLS_DeedPage: 165
  • TRIADMLS_DeedBook: 1209
  • TRIADMLS_PlatBook: 9995
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 1142.23
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 1.3125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2019
Closed on
Mar 2, 2020
Sold by
Foster Richard E and Foster Starla C
Bought by
Diperna Michaela
Seller's Agent
Lorraine Garofalo
Carolina4Sale Realty LLC
Buyer's Agent
NONMEMBER NONMEMBER
Sold Price
$82,500
Current Estimated Value
$157,162

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,662
Avg. Annual Appreciation
13.43%
Original Mortgage
$74,250
Outstanding Balance
$60,103
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$104,267

Purchase Details

Closed on
Dec 20, 2012
Sold by
Foster Richard Eugene
Bought by
Foster Richard Eugene and Foster Starla Campbell
Source: Public Records

Range of Values:

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Average Value
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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
Diperna Michaela $82,500 Austin Title
Foster Richard Eugene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diperna Michaela $74,250
Previous Owner Foster Richard E $68,000
Previous Owner Foster Richard E $11,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2020 03/02/20 Sold $82,500 -- $59 / Sq Ft
Source: Triad MLS

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 $1,614 $142,868 $28,800 $114,068
2024 $1,614 $142,868 $28,800 $114,068
2023 $1,614 $142,868 $28,800 $114,068
2022 $1,142 $87,027 $24,000 $63,027
2021 $1,142 $87,027 $24,000 $63,027
2020 $1,142 $87,027 $24,000 $63,027
2019 $1,142 $87,027 $24,000 $63,027
2018 $1,058 $81,527 $24,000 $57,527
2017 $1,058 $81,527 $24,000 $57,527
2016 $1,058 $81,527 $24,000 $57,527
2015 $1,074 $81,527 $24,000 $57,527
2014 $1,095 $85,691 $21,750 $63,941
Source: Public Records

Agents Affiliated with this Home

  • Lorraine Garofalo

    Seller's Agent in 2020

    Lorraine Garofalo

    Carolina4Sale Realty LLC

    (980) 643-1955

    1 in this area

    37 Total Sales

    Lorraine Garofalo
    Section Image

  • N

    Buyer's Agent in 2020

    NONMEMBER NONMEMBER

See All Agents

Map

Source: Triad MLS

MLS Number: 929368

Triad MLS

APN: 035-196

North Carolina Rowan County Spencer 28159

402 N Salisbury Ave, Spencer, NC

This home is located at 402 N Salisbury Ave, Spencer, NC 28159 since 23 April 2019 and is currently estimated at $157,162, approximately $92 per square foot. This property was built in 1913. 402 N Salisbury Ave is a home located in Rowan County with nearby schools including North Rowan Elementary School, North Rowan Middle School, and North Rowan High School.

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