NOT LISTED FOR SALE

501 8th St Spencer, NC 28159

Estimated Value: $212,000 - $247,638

3 Beds
2 Baths
1,877 Sq Ft
$126/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $201,000 $107 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,447/month

31 Days on Market

Highlights

  • Deck
  • Screened Porch
  • Laundry Room
  • Corner Lot
  • Attached Garage
  • Central Heating

About This Home

As of July 2022

A beautiful corner lot and a 3 car garage are what sold the previous owner on this home. This 3 bedroom, 2 bath home has so much potential. The eat-in kitchen includes a gas range, dishwasher, microwave and refrigerator. There are 2 bedrooms and a full bath upstairs and 1 bedroom and full bath down. There is also an office/flex room downstairs leading into the garage. An outbuilding is perfect for storing lawn equipment and is a great workshop with a cement floor and electricity. Your favorite spot will likely be the screened-in porch where you can relax under a ceiling fan after a long day. Home boasts lots of shade from mature trees without the limbs hanging over the house. Home needs some TLC and the price reflects that. Investors welcome! Home is being sold AS-IS. Come and take a look! MULTIPLE OFFERS. SELLERS ARE CALLING FOR ALL OFFERS TO BE SUBMITTED BY 10am Friday 6/3

Last Agent to Sell the Property

Robin Saine

Main Realty LLC License #288353 Listed on: 05/31/2022

Last Buyer's Agent

Virginia Deutsch

EXP Realty LLC License #325846

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,200

Year Built

  • Built in 1957

Lot Details

  • Corner Lot

Parking

  • Attached Garage

Home Design

  • Split Level Home
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Living Room with Fireplace
  • Screened Porch

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 031035

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,200

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1957
  • Ratio Current Price By Acre: 502500.00
  • Restrictions: No Representation
  • Road Surface Type: Concrete
  • Structure Type: Split Level
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Basement Inside Entrance, Basement Outside Entrance
  • Fireplace: Yes
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 715
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 581
  • Porch: Deck,Screened
  • Appliances: Ceiling Fan(s), Dishwasher, Dryer, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 581
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1877
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Tax Location: Spencer
  • Construction Type: Site Built
  • Construction Type: Brick, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 806
  • Parking Features: Attached Garage, Garage - 3 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: In Basement
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 0.4
  • Lot Size Units: Acres
  • Parcel Number: 031035
  • Zoning Description: Res

Tax Info

  • RATIO List Price By Tax Amount: 1.19203

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jun 24, 2022
Sold by
Louis T Novak Revocable Living Trust
Bought by
Parks Richard Zachary and Tarner Alexandra
Seller's Agent
Robin Saine
Main Realty LLC
Buyer's Agent
Virginia Deutsch
EXP Realty LLC
List Price
$150,000
Sold Price
$201,000
Premium/Discount to List
$51,000
34%
Current Estimated Value
$237,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,160
Avg. Annual Appreciation
4.86%
Original Mortgage
$194,970
Outstanding Balance
$186,828
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$47,342

Purchase Details

Closed on
Feb 22, 2007
Sold by
Novak Louis T
Bought by
Novak Louis T

Purchase Details

Closed on
Apr 13, 2006
Sold by
Austin Robert H and Austin Kimberly Ann
Bought by
Novak Louis T
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
Parks Richard Zachary $201,000 Link Kevin C
Novak Louis T -- None Available
Novak Louis T $124,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parks Richard Zachary $194,970
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $201,000 +34.0% $107 / Sq Ft
05/31/2022 05/31/22 For Sale $150,000 -- $80 / 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 $2,200 $194,663 $25,000 $169,663
2024 $2,200 $194,663 $25,000 $169,663
2023 $2,200 $194,663 $25,000 $169,663
2022 $1,652 $125,836 $20,000 $105,836
2021 $1,652 $125,836 $20,000 $105,836
2020 $1,652 $125,836 $20,000 $105,836
2019 $1,652 $125,836 $20,000 $105,836
2018 $1,389 $105,427 $20,000 $85,427
2017 $1,368 $105,427 $20,000 $85,427
2016 $1,368 $105,427 $20,000 $85,427
2015 $1,389 $105,427 $20,000 $85,427
2014 $1,516 $118,641 $20,000 $98,641
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3866234

Canopy MLS (Canopy Realtor® Association)

APN: 031-035