NOT LISTED FOR SALE

500 1st St Spencer, NC 28159

Estimated Value: $244,000 - $342,940

3 Beds
3.5 Baths
2,054 Sq Ft
$136/Sq Ft Est. Value

Last Sold January 09, 2020

Last sale price $125,500 $61 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,777/month

13 Days on Market

Highlights

  • Creek On Lot
  • Walk-In Closet
  • Tile Flooring
  • Attic
  • Shed

About This Home

As of January 2020

Brick home in Spencer with full basement. Master on main level w/ two additional bedrooms upstairs. The basement is partially finished and has a full bathroom. Large deck to the rear overlooks a small stream. Owned by the US Dept of Housing and Urban Development. Sold insurable, subject to appraisal. Seller makes no representations or warranties as to property condition. HUD homes are sold "AS-IS". HUD & this listing firm abide by all Fair Housing & EHO policies. HUD case#387-334205. Seller may contribute up to 3% for buyer’s closing costs, upon buyer request. Pre-1978 Properties to include LBP Notices

Last Agent to Sell the Property

Grace Cunningham

RE/MAX Properties Plus, Inc. License #278539 Listed on: 11/01/2019

RE/MAX Properties Plus, Inc.

Last Buyer's Agent

Elia Gegorek

Gegorek & Associates Realty LLC License #187532

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1964

Lot Details

  • 0.32

Parking

  • 1

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Creek On Lot
  • Shed

Additional Features

  • Attic

Listing and Financial Details

  • Assessor Parcel Number 035028A

Home Details

Home Type

Single Family

Year Built

Built in 1964

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 392187.50
  • Ratio Current Price By Sq Ft: 61.10
  • Year Built: 1964
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Partially Finished
  • Upper Level Sq Ft: 809
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Electric Oven
  • Flooring: Laminate Wood, Tile
  • Interior Amenities: Attic Walk-in, Walk-In Closet(s)
  • Laundry Location: Main, Basement
  • Room Count: 3
  • Main Level Sq Ft: 1245
  • Total Sq Ft: 2054
  • Sq Ft Unheated Basement: 1245
  • Sq Ft Unheated Total: 1245

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 1 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: irreg
  • Lot Features: Creekfront
  • Lot Size Area: 0.320
  • Parcel Number: 035028A
  • Zoning Specification: R

Tax Info

  • Tax Value: 129558.00
  • Tax Location: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 7, 2019
Sold by
Secretary Of Housing & Urban Development
Bought by
Diaz Garcia Jose R and Hernandez Gonzales Betsayda A
Current Estimated Value
$279,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,400
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2018
Sold by
Texas Caphal Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Oct 26, 2018
Sold by
Deemer Joy K
Bought by
Texas Capital Bank Na

Purchase Details

Listed on
Nov 23, 2016
Closed on
Mar 15, 2017
Sold by
Nava Omar Cantoran and Reyes Kelly V Bonilla
Bought by
Deemer Joy K
Seller's Agent
Paola Alban
Paola Alban, REALTORS
Buyer's Agent
Victor Poplin
Select Properties of the Carolinas LLC
List Price
$139,900
Sold Price
$120,000
Premium/Discount to List
-$19,900
-14.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.51%
Original Mortgage
$117,826
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2016
Sold by
Kaja Holdings 2 Llc
Bought by
Nava Omar Cantoran and Bonilla Reyes Kelly

Purchase Details

Closed on
Dec 22, 2014
Sold by
Bank Of America Na
Bought by
Kaja Holdings 2 Llc

Purchase Details

Closed on
Mar 11, 2014
Sold by
Rhinehart Paul S and Rhinehart Stacey B
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 29, 2006
Sold by
Clouse Lee J and Clouse Teresa
Bought by
Rhinehart Paul S and Rhinehart Stacey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 2003
Sold by
Clouse Lee J and Perkins Teresa
Bought by
Clouse Lee J and Clouse Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.9%
Mortgage Type
New Conventional
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
Diaz Garcia Jose R -- None Available
Secretary Of Housing & Urban Development -- Albertelli Law Title
Texas Capital Bank Na $98,800 None Available
Deemer Joy K $120,000 None Available
Nava Omar Cantoran $42,500 None Available
Kaja Holdings 2 Llc $29,500 None Available
Bank Of America Na $112,800 None Available
Rhinehart Paul S $165,000 None Available
Clouse Lee J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Diaz Garcia Jose R $100,400
Previous Owner Deemer Joy K $117,826
Previous Owner Rhinehart Paul S $145,000
Previous Owner Rhinehart Paul S $11,700
Previous Owner Clouse Lee J $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2020 01/09/20 Sold $125,500 0.0% $61 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $125,500 +4.6% $61 / Sq Ft
08/15/2017 08/15/17 Sold $120,000 -14.2% $41 / Sq Ft
02/03/2017 02/03/17 Pending -- -- --
11/29/2016 11/29/16 For Sale $139,900 -- $48 / 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 $3,150 $278,781 $25,375 $253,406
2024 $3,150 $278,781 $25,375 $253,406
2023 $3,150 $278,781 $25,375 $253,406
2022 $2,042 $155,600 $21,025 $134,575
2021 $2,042 $155,600 $21,025 $134,575
2020 $2,042 $155,600 $21,025 $134,575
2019 $2,042 $155,600 $21,025 $134,575
2018 $1,681 $129,558 $21,025 $108,533
2017 $1,681 $129,558 $21,025 $108,533
2016 $1,621 $124,886 $21,025 $103,861
2015 $1,645 $124,886 $21,025 $103,861
2014 $1,786 $139,735 $21,025 $118,710
Source: Public Records

Agents Affiliated with this Home

  • Grace Cunningham

    Seller's Agent in 2020

    Grace Cunningham

    RE/MAX

    (704) 929-5726

    180 Total Sales

    Grace Cunningham
    Section Image
  • Elia Gegorek

    Buyer's Agent in 2020

    Elia Gegorek

    Gegorek & Associates Realty LLC

    (704) 202-1209

    6 in this area

    53 Total Sales

    Elia Gegorek
    Section Image

  • N

    Buyer's Agent in 2017

    NONMEMBER NONMEMBER

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3565341

Canopy MLS (Canopy Realtor® Association)

APN: 035-028A

North Carolina Rowan County Spencer 28159

500 1st St, Spencer, NC

This home is located at 500 1st St, Spencer, NC 28159 since 01 November 2019 and is currently estimated at $279,985, approximately $136 per square foot. This property was built in 1964. 500 1st St 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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