NOT LISTED FOR SALE

414 W Bank St Salisbury, NC 28144

Estimated Value: $446,028 - $586,000

3 Beds
2 Baths
3,336 Sq Ft
$147/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $240,000 $72 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,029/month

272 Days on Market

Highlights

  • Screened Porch
  • 2 Detached Carport Spaces
  • Level Lot
  • Walk-In Closet
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of September 2016

SELLERS ARE MOTIVATED AND WILL ENTERTAIN OFFERS FROM $255,000 TO $275,000. Stately 1837 Federal home in fabulous West Square Historic District w/grand entry, 8 fireplaces, had carved staircase, heart-of-pine and walnut floors & 12' ceilings. Large M/Bedroom w/walk-in closet & sitting room. Den downstairs could be used as a main floor bedroom. Renovated kitchen w/granite, cherry wood-topped island & custom cabinets. 500 sq ft covered private porch. Charming carriage house & covered parking.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,254

Year Built

  • Built in 1837

Lot Details

  • 0.25 Acre Lot
  • Property fronts an interstate
  • Level Lot
  • Possible uses of the property include Horses

Parking

  • 2 Detached Carport Spaces

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,336 Sq Ft Home
  • Screened Porch
  • Crawl Space
  • Range Hood

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Historic Salisbury Subdivision

Listing and Financial Details

  • Assessor Parcel Number 043

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,254

Year Built

Built in 1837

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1837
  • Inclusions: Building,Business
  • Restrictions: Other - See Remarks
  • Road Frontage Type: Interstate 1 mile or Less, Interstate
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Special Features: 12

Interior Features

  • Foundation Details: Crawl Space
  • Interior Amenities: Walk-In Closet(s)
  • Sq Ft Unheated Basement: 0
  • Possible Use: Horses
  • Appliances: Exhaust Hood
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 3336
  • Room Count: 7

Exterior Features

  • Roof: Composition
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Front Porch, Screened

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Carport

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer, Other - See Remarks
  • Cooling: Central Air
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Knox

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.25
  • Lot Size Units: Acres
  • Parcel Number: 043
  • Zoning: SFR
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Overton
  • High School: Salisbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2015
Closed on
Aug 30, 2016
Sold by
Junk John C and Hansen Mark K
Bought by
Emerling John and Garner Megan
List Price
$325,000
Sold Price
$240,000
Premium/Discount to List
-$85,000
-26.15%
Current Estimated Value
$490,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,007
Avg. Annual Appreciation
8.11%
Original Mortgage
$216,000
Outstanding Balance
$172,532
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$317,475

Purchase Details

Closed on
Jul 24, 1996
Bought by
Junk John 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
Emerling John $240,000 None Available
Junk John C $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Emerling John $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2016 11/30/16 Off Market $240,000 -- --
09/01/2016 09/01/16 Sold $240,000 -26.2% $72 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
10/27/2015 10/27/15 For Sale $325,000 -- $97 / 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 $5,254 $439,308 $29,260 $410,048
2024 $5,254 $439,308 $29,260 $410,048
2023 $5,254 $439,308 $29,260 $410,048
2022 $3,076 $223,388 $29,260 $194,128
2021 $3,076 $223,388 $29,260 $194,128
2020 $3,076 $223,388 $29,260 $194,128
2019 $3,076 $223,388 $29,260 $194,128
2018 $2,849 $209,710 $29,260 $180,450
2017 $2,834 $209,710 $29,260 $180,450
2016 $2,757 $209,710 $29,260 $180,450
2015 $2,773 $209,710 $29,260 $180,450
2014 $2,819 $215,694 $29,260 $186,434
Source: Public Records

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: R58299

Canopy MLS (Canopy Realtor® Association)

APN: 010-043