$185,000

500 N Gulf St Sanford, NC 27330

Estimated payment $1,197/month

Total Views 7,105
4 Beds
4.5 Baths
3,306 Sq Ft
$56 Price per Sq Ft

Highlights

  • Living Room with Fireplace
  • Main Floor Primary Bedroom
  • No HOA
  • Wood Flooring
  • Corner Lot
  • Brick Veneer

About This Home

INVESTOR SPECIAL in Sanford's Historic District! Spacious 4BR/4 1/2BA home (3,306 sq ft) built in 1948 with historic charm, now needs full renovation. Fire damage on upper level & black mold present; property sold strictly AS-IS. Excellent flip, rebuild, or restoration opportunity in sought-after neighborhood near downtown Sanford. Cash or renovation loan accepted; seller to make no repairs. Priced well below market to reflect condition. Bring your contractor & vision to unlock its full potential!

Listing Agent

Marilyn Banks

MARILYN B. REALTY LLC License #329535 Listed on: 08/29/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,287

Year Built

  • Built in 1948

Lot Details

  • 10,454 Sq Ft Lot
  • Corner Lot
  • Historic Home

Home Design

  • Brick Veneer
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Wood Flooring
  • Finished Basement
  • Fireplace in Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Schools

  • B T Bullock Elementary School
  • West Lee Middle School
  • Southern Lee High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 964331528800

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,287

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Year Built: 1948
  • Prop. Type: Residential
  • Subdivision Name: Historic District
  • Above Grade Finished Sq Ft: 1653.0
  • Architectural Style: Local Historic Designation
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Levels Two: Yes
  • Room Types Primary Bedroom Level: Main
  • Flooring Wood: Yes
  • General Property Information Senior Community YN: No
  • General Property Information Enhanced Accessible2: No
  • Utilities Electricity Available: Yes
  • General Property Information Above Grade Finished Area: 1653.0
  • General Property Information Below Grade Finished Area: 1653.0
  • Roof Asphalt3: Yes
  • General Property Information Lot Size Square Feet2: 10454.0
  • Architectural Style Local Historic Designation: Yes
  • General Property Information Lot Size Acres: 0.24
  • Foundation Details Concrete Perimeter: Yes
  • General Property Information Stories2: 2
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Flooring: Wood
  • Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1653.0
  • Fireplace Features: Basement, Gas Log, Living Room
  • Fireplaces: 2
  • Total Bedrooms: 1
  • Stories: 2
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room: Yes
  • Basement Finished: Yes
  • Fireplace Features:Basement: Yes
  • Fireplace Features:Fireplaces Total: 2

Exterior Features

  • Roof: Asphalt
  • Acres: 0.24
  • Construction Type: Brick Veneer, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Brick Veneer: Yes
  • Lot Features:Corner Lot: Yes

Utilities

  • Utilities: Electricity Available
  • Heating: Other
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Lee - Southern Lee High
  • Middle Or Junior School: Lee - West Lee

Lot Info

  • Lot Size Sq Ft: 10454.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 964331528800

Tax Info

  • Tax Annual Amount: 2287.05
  • Tax Year: 2025
  • Tax Map Number: 7

MLS Schools

  • Elementary School: Lee - B T Bullock

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $2,637 $193,000 $19,100 $173,900
2023 $2,627 $193,000 $19,100 $173,900
2022 $1,878 $115,400 $9,400 $106,000
2021 $1,903 $115,400 $9,400 $106,000
2020 $1,897 $115,400 $9,400 $106,000
2019 $1,857 $115,400 $9,400 $106,000
2018 $2,065 $130,000 $25,000 $105,000
2017 $2,039 $130,000 $25,000 $105,000
2016 $2,014 $130,000 $25,000 $105,000
2014 $1,916 $130,000 $25,000 $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 For Sale $185,000 0.0% $56 / Sq Ft
08/22/2025 08/22/25 Pending -- -- --
07/14/2025 07/14/25 For Sale $185,000 -- $56 / Sq Ft
Source: Doorify MLS

Mortgage History

Date Status Loan Amount Loan Type
Closed $178,062 FHA
Closed $158,709 FHA
Closed $120,000 New Conventional
Source: Public Records

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Source: Doorify MLS

MLS Number: 10109138

Doorify MLS

APN: 9643-41-5288-00