NOT LISTED FOR SALE

406 N Salisbury Ave Spencer, NC 28159

Estimated Value: $170,000 - $218,069

4 Beds
2 Baths
2,103 Sq Ft
$93/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $118,000 $56 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,281/month

70 Days on Market

Highlights

  • Traditional Architecture
  • Fireplace
  • Level Lot
  • Wood Flooring
  • Walk-In Closet

About This Home

As of November 2020

Here's a Particular Treasure! Early 1900's bungalow sitting on a large flat lot waiting for a new owner to bring it back to its beauty. The enhanced exterior boasts a gallery porch that welcomes visitors, offers a comfy spot to relax, and adds curb appeal. A large center hall that separates the large first floor rooms. A set of paned french doors leading in the living room that is big enough to really live it up in. The Dining room with built-in china cabinet that puts graciousness back into entertaining. First-floor Owners suite with a private bath that includes a claw tub. Room to work Kitchen with large pantry and plenty of cabinets & counter space. First-floor guest room that re-affirms "You're Welcome. Upstairs has two airy bedrooms and a small bonus room. Convenient Location across the street from shopping & dining, within minutes of I85 with 4 lanes heading into Charlotte and Historic Salisbury with boutiques and dining. If dollars count... see this in a HURRY!

Last Agent to Sell the Property

Team Heidi

Hines & Associates Realty LLC License #169147 Listed on: 07/06/2020

Hines & Associates Realty LLC

Co-Listed By

Tim Brown

EXP Realty LLC Mooresville License #193245

Last Buyer's Agent

Maia Smith

Freedom Living Realty License #312656

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1914

Lot Details

  • Level Lot

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • Fireplace
  • Insulated Windows
  • Crawl Space

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 035195
  • Tax Block 7

Home Details

Home Type

Single Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.94400
  • Ratio Current Price By Acre: 274418.60
  • Ratio Current Price By Sq Ft: 56.11
  • Year Built: 1914
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 657
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: Ceiling Fan(s), Electric Dryer Hookup, Electric Range
  • Fireplace: Yes
  • Flooring: Carpet, Linoleum, Vinyl, Wood
  • Interior Amenities: Attic Other, Built-Ins, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1446
  • Total Sq Ft: 2103
  • Sq Ft Unheated Main: 42
  • Sq Ft Unheated Total: 42

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: North Rowan
  • Middle School: North Rowan
  • High School: North Rowan

Lot Info

  • Lot Dimension: 100x189x100x187
  • Lot Features: Level
  • Lot Size Area: 0.430
  • Parcel Number: 035195
  • Plat Book Slide: 9995/69
  • Zoning Specification: Res

Tax Info

  • Tax Value: 105025.00
  • Tax Block: 7
  • Tax Location: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Oct 30, 2020
Sold by
Ritz Elizabeth F and Bond Daniel
Bought by
Colas Pius Louis and Colas Rachelle
Seller's Agent
Team Heidi
Hines & Associates Realty LLC
Buyer's Agent
Maia Smith
Freedom Living Realty
List Price
$118,000
Sold Price
$118,000
Current Estimated Value
$202,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,980
Avg. Annual Appreciation
11.14%
Original Mortgage
$108,058
Outstanding Balance
$97,406
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$97,861

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 18, 2019
Sold by
Pretty John Randall
Bought by
Ritz Elizabeth F
Seller's Agent
Karie Arem
Worth Clark Realty
Buyer's Agent
John Green
Hines & Associates Realty LLC
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$107,257
Interest Rate
3.82%
Mortgage Type
VA

Purchase Details

Closed on
Jul 7, 2016
Sold by
Richmond Kristine C and Richmond Rolfe
Bought by
Petty John Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,402
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2016
Sold by
Richmond Kristine C and Richmond Rolfe
Bought by
Richmond Kristine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,402
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2011
Sold by
Cornelius Dorothy L and Cornelius Dorothy Elaine Larson
Bought by
Richmond Kristine C
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
Colas Pius Louis $118,000 None Available
Ritz Elizabeth F $105,000 Investors Title
Petty John Randall $70,000 None Available
Richmond Kristine C -- None Available
Richmond Kristine C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colas Pius Louis $108,058
Previous Owner Ritz Elizabeth F $107,257
Previous Owner Petty John Randall $71,402
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $118,000 0.0% $56 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $118,000 0.0% $56 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
08/07/2020 08/07/20 Price Changed $118,000 -5.6% $56 / Sq Ft
07/06/2020 07/06/20 For Sale $125,000 +19.0% $59 / Sq Ft
07/22/2019 07/22/19 Sold $105,000 0.0% $50 / Sq Ft
06/02/2019 06/02/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $105,000 -- $50 / 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 $2,039 $180,404 $28,800 $151,604
2024 $2,039 $180,404 $28,800 $151,604
2023 $2,039 $180,404 $28,800 $151,604
2022 $1,378 $105,025 $24,000 $81,025
2021 $1,378 $105,025 $24,000 $81,025
2020 $1,378 $105,025 $24,000 $81,025
2019 $1,378 $105,025 $24,000 $81,025
2018 $1,153 $88,847 $24,000 $64,847
2017 $1,153 $88,847 $24,000 $64,847
2016 $1,049 $80,847 $16,000 $64,847
2015 $1,065 $80,847 $16,000 $64,847
2014 $1,119 $87,558 $14,500 $73,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3638149

Canopy MLS (Canopy Realtor® Association)

APN: 035-195