NOT LISTED FOR SALE

Estimated Value: $618,237 - $662,000

2 Beds
2.5 Baths
2,500 Sq Ft
$470/mo HOA Fee

Last Sold July 06, 2022

Last sale price $575,000 $230 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,473/month

95 Days on Market

Highlights

  • Engineered Wood Flooring
  • Balcony
  • Ceiling Fan
  • Solid Surface Countertops
  • Kitchen Island
  • 1 Car Garage

About This Home

As of July 2022

Beautifully updated and spacious 2 bedroom plus office condo on the top floor of Tar Branch Towers. Nearly 2300 sf of living space! Primary suite with huge walk-in closet and thoughtfully renovated bathroom. Great room has amazing natural light, a balcony, and stunning stone fireplace- a rarity for downtown condos. Walk-in pantry in kitchen. Custom cabinetry throughout the condo. Secure on site parking for two cars (one assigned space). Both bedrooms are en-suite. High ceilings throughout the unit make it feel even larger than it is! Convenient to Old Salem, The Greenway and downtown dining. Enjoy top floor condo living!

Last Agent to Sell the Property

Clare Fader

Fader Real Estate at ERA Live Moore License #255648 Listed on: 03/24/2022

Last Buyer's Agent

Charlie Watkins

Leonard Ryden Burr Real Estate License #279636

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,298

Year Built

  • Built in 2005

Lot Details

  • 2,178

HOA Fees

  • $470 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Driveway
  • Assigned Parking

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,290 Sq Ft Home
  • 2,000-2,500 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Living Room with Fireplace
  • Dryer Hookup

Kitchen

  • Gas Cooktop
  • Free-Standing Range
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Balcony

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Tar Branch Towers Subdivision

Listing and Financial Details

  • Legal Lot and Block 404 / 6571 BU1
  • Assessor Parcel Number 6835147179
  • 1% Total Tax Rate

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,298

Year Built

Built in 2005

Lot Details

0

HOA Fees

$470 per month

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Subdivision Name: Tar Branch Towers
  • Directions: Located on the corner of Marshall Street SW and Wachovia Street.
  • Above Grade Finished Sq Ft: 2290
  • Architectural Style: Condo Upper
  • Unit Levels: One
  • Structure Type: Condominium
  • Year Built: 2005
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 2000 - 2500
  • TRIADMLS_PorchYN: No
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: None

Interior Features

  • Appliances: Oven, Dishwasher, Disposal, Gas Cooktop, Slide-In Oven/Range, Range Hood, Electric Water Heater
  • Flooring: Carpet, Engineered, Tile
  • Interior Amenities: Ceiling Fan(s), Kitchen Island, Pantry, Solid Surface Counter, Sound System
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Insulated Doors
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 1
  • Living Area: 2290
  • Main Level Bathrooms: 3
  • TRIADMLS_FullBathsMain: 2
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No
  • TRIADMLS_HalfBathsMain: 1

Exterior Features

  • Exterior Features: Balcony
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Assigned, Garage, Driveway
  • Garage Description: Lower Level Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Security: Security System, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Heat Pump
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric
  • Energy Features: Insulated Doors, Insulated Windows

Condo/Co-op/Association

  • Association Fee: 1409.38
  • Association Fee Frequency: Quarterly
  • Association: Yes

Lot Info

  • Parcel #: 6835147179
  • Zoning: PB
  • TRIADMLS_PlatPage: 55-60
  • TRIADMLS_DeedPage: 3658
  • TRIADMLS_DeedBook: 3465
  • TRIADMLS_PlatBook: 7
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 5297.56
  • Tax Block: 6571 BU1
  • Tax Lot: 404
  • Tax Year: 2021
  • TRIADMLS_TaxRate: 1.2902

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2023
Sold by
Tar Branch Towers Condominium Owners Ass
Bought by
Wallis Gregory and Wallis Amy
Current Estimated Value
$639,412

Purchase Details

Listed on
Mar 24, 2022
Closed on
Jul 6, 2022
Sold by
Salvage Building Materials Inc
Bought by
Wallis Gregory and Wallis Amy
Seller's Agent
Clare Fader
Fader Real Estate at ERA Live Moore
Buyer's Agent
Charlie Watkins
Leonard Ryden Burr Real Estate
List Price
$685,000
Sold Price
$575,000
Premium/Discount to List
-$110,000
-16.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Listed on
Feb 28, 2019
Closed on
Jun 14, 2019
Sold by
Buss Karen M
Bought by
Salvage Building Materials Inc
Seller's Agent
John Belcher
Blue Door Group Real Estate
Buyer's Agent
Blake Ginther
Keller Williams Realty Elite
Sold Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%

Purchase Details

Closed on
Apr 7, 2008
Sold by
Buss David H and Buss Karen
Bought by
Buss David H

Purchase Details

Closed on
Sep 12, 2005
Sold by
Tar Branch Towers Llc
Bought by
Buss David H and Buss Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
5.71%
Mortgage Type
Commercial
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
Wallis Gregory -- None Listed On Document
Callahan Harry L -- None Listed On Document
Wallis Gregory $575,000 Chicago Title
Salvage Building Materials Inc $415,000 None Available
Buss David H -- None Available
Buss David H $387,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buss David H $130,000
Previous Owner Rutledge Mark F $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $575,000 -4.0% $288 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
05/13/2022 05/13/22 Price Changed $599,000 -12.6% $300 / Sq Ft
03/25/2022 03/25/22 For Sale $685,000 +65.1% $343 / Sq Ft
06/16/2021 06/16/21 Off Market $415,000 -- --
06/14/2019 06/14/19 Sold $415,000 -- $208 / 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
2023 $5,655 $422,400 $37,300 $385,100
2022 $5,549 $422,400 $37,300 $385,100
2021 $5,298 $410,600 $37,300 $373,300
2020 $6,601 $478,000 $36,800 $441,200
2019 $6,649 $478,000 $36,800 $441,200
2018 $6,314 $478,000 $36,800 $441,200
2016 $5,967 $453,362 $34,373 $418,989
2015 $5,876 $453,362 $34,373 $418,989
2014 $5,698 $453,362 $34,373 $418,989
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1063210

Triad MLS

APN: 6835-14-7179