NOT LISTED FOR SALE

440 & 450 N Scales St Reidsville, NC 27320

Estimated Value: $233,000 - $285,819

-- Bed
1 Bath
-- Sq Ft
1.08 Acres

Last Sold September 30, 2021

Last sale price $175,000

Est. 43% increase in value since last sale

Current estimated payment $1,497/month

22 Days on Market

About This Home

As of September 2021

Calling all investors! This is your chance to flip some properties or to build apartments. There are three buildings on this parcel. The two-story house was built in 1902 and has 3300 sf. At one time it was a boarding house. The stucco building was formerly a florist. The cooler for the flowers is in the building. The third building is a duplex apartment, located at 205 Carter ST. Each side has two bedrooms and 1.5 baths. Sellers would like to sell without subdividing. If the property is rezoned to R6, the City would permit 18 apartments to be built. There is no water in the old florist building. It was formerly served by a well, which has been closed. Property is being sold AS-IS.

Last Agent to Sell the Property

Michael McCollum

Keller Williams One License #169448 Listed on: 06/28/2021

Keller Williams One

Last Buyer's Agent

Geneva Massey

First Team Realty LLC License #272031

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,002

Year Built

  • Built in 1902

Lot Details

  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned Gen Business

Community Details

  • No Home Owners Association
  • 7,600 Sq Ft Building

Listing and Financial Details

  • Legal Lot and Block 8350 / 33
  • Assessor Parcel Number 153738

Property Details

Property Type

Other

Est. Annual Taxes

$2,002

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Sub Type: Investment
  • Prop. Type: Commercial
  • Business Type: Remarks, Retail
  • Lot Size: 1.09 acres
  • Directions: Across the street from the former American Tobacco Company. one acre on the corner of N. Scales St and Carter St. 205 Carter St. is also located on this tract.
  • Year Built: 1902
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: Yes
  • Special Features: None

Exterior Features

  • Lot Features: City Lot, Cleared, Corner Lot, Level

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • TRIADMLS_ElectricMeter: Owner
  • Gas Company: Available: On-Site

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 153738
  • Zoning: Gen Business
  • TRIADMLS_DeedPage: 968
  • TRIADMLS_DeedBook: 1566
  • TRIADMLS_AcresRange: -

Tax Info

  • Tax Block: 33
  • Tax Lot: 8350
  • Tax Map Number: 890514

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Sep 28, 2021
Sold by
Holcomb Raymond William and Holcomb Carol Grice
Bought by
Andrews Properties Of Nc Llc
Seller's Agent
Michael McCollum
Keller Williams One
Buyer's Agent
Geneva Massey
First Team Realty LLC
List Price
$200,000
Sold Price
$175,000
Premium/Discount to List
-$25,000
-12.5%
Current Estimated Value
$249,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,705
Avg. Annual Appreciation
8.26%
Original Mortgage
$212,000
Outstanding Balance
$193,324
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$46,332

Purchase Details

Closed on
Oct 1, 2019
Sold by
Roberts Nellie H and Holcomb Raymond W
Bought by
Holcomb Raymond W
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
Andrews Properties Of Nc Llc $175,000 None Available
Holcomb Raymond W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrews Properties Of Nc Llc $212,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2021 09/30/21 Sold $175,000 -12.5% --
07/21/2021 07/21/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $200,000 -- --
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 $2,002 $161,436 $46,640 $114,796
2024 $2,002 $161,436 $46,640 $114,796
2023 $2,002 $102,953 $42,400 $60,553
2022 $1,476 $102,953 $42,400 $60,553
2021 $1,476 $102,953 $42,400 $60,553
2020 $1,476 $102,953 $42,400 $60,553
2019 $1,476 $102,953 $42,400 $60,553
2018 $1,522 $105,987 $42,400 $63,587
2017 $1,522 $105,987 $42,400 $63,587
2014 $1,522 $105,987 $42,400 $63,587
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1030783

Triad MLS

APN: 153738