Seller's Agent in 2024
Greg Rapp
Salisbury Real Estate LLC
(704) 213-6846
47 in this area
73 Total Sales
501 E Lafayette St Salisbury, NC 28144
Estimated Value: $275,000 - $314,000
4
Beds
2.5
Baths
2,827
Sq Ft
$107/Sq Ft
Est. Value
About This Home
As of January 2024Welcome to the circa 1885-1890 Thomas House. This is a Historic Salisbury Foundation revolving fund project. Typical NC Victorian Vernacular home with 2-story side gable front elevation, 1-story rear portion. Newly rebuilt front porch is 36' wide and 7 feet deep. Impressive massive 40' long center hallway. Two extra large front parlors & 2 upper front bedrooms each offer original fireplaces. Property has been stabilized with a new roof, rebuilt front porch, repair of center hallway section of the home. Extensive restoration is still required before it is livable including some flooring, plumbing, HVAC, kitchen & bathrooms. Newer electrical. The area was a thriving part of Salisbury's growth in the late 19th century & was both residential & commercial with cotton mills and businesses built before the age of the automobile. Close to Canon Park, Salisbury's downtown with over 25 eateries, breweries, unique shops, and theatres. Home carries Historic Covenants and deed restrictions.
Last Agent to Sell the Property
Salisbury Real Estate LLC Brokerage Email: gregrapprealtor@gmail.com License #210485 Listed on: 09/22/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 100x130
- Property is zoned UR12
Home Design
- Pillar, Post or Pier Foundation
- Wood Siding
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
Parking
- Driveway
- On-Street Parking
Schools
- Elizabeth Duncan-Koontz Elementary School
- Knox Middle School
- Salisbury High School
Utilities
- Fiber Optics Available
Listing and Financial Details
- Assessor Parcel Number 012197
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 22, 2023
Closed on
Jan 10, 2024
Sold by
Historic Salisbury Foundation
Bought by
Stargaze Investments Llc
Seller's Agent
Greg Rapp
Salisbury Real Estate LLC
Buyer's Agent
Sarah Coltrane
Three Realty Group, LLC
List Price
$135,000
Sold Price
$105,000
Premium/Discount to List
-$30,000
-22.22%
Views
941
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,263
Avg. Annual Appreciation
65.19%
Purchase Details
Closed on
Mar 16, 2023
Sold by
Spillane Sean and Spillane Patrice
Bought by
Historic Salisbury Foundation Inc
Purchase Details
Closed on
Dec 18, 2001
Bought by
Spillane Sean Michael
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Stargaze Investments Llc | $105,000 | None Listed On Document | |
| Stargaze Investments Llc | $105,000 | None Listed On Document | |
| Historic Salisbury Foundation Inc | $5,000 | -- | |
| Historic Salisbury Foundation Inc | $5,000 | None Listed On Document | |
| Spillane Sean Michael | $34,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/11/2024 01/11/24 | Sold | $105,000 | -12.1% | $37 / Sq Ft |
| 12/14/2023 12/14/23 | Price Changed | $119,500 | -6.3% | $42 / Sq Ft |
| 11/08/2023 11/08/23 | Price Changed | $127,500 | -5.6% | $45 / Sq Ft |
| 09/22/2023 09/22/23 | For Sale | $135,000 | -- | $48 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
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 | $1,388 | $116,025 | $23,500 | $92,525 |
| 2024 | $1,388 | $116,025 | $23,500 | $92,525 |
| 2023 | $1,268 | $106,023 | $23,500 | $82,523 |
| 2022 | $1,071 | $77,785 | $19,740 | $58,045 |
| 2021 | $1,071 | $77,785 | $19,740 | $58,045 |
| 2020 | $1,071 | $77,785 | $19,740 | $58,045 |
| 2019 | $1,071 | $77,785 | $19,740 | $58,045 |
| 2018 | $1,600 | $117,782 | $19,740 | $98,042 |
| 2017 | $1,592 | $117,782 | $19,740 | $98,042 |
| 2016 | $1,548 | $117,782 | $19,740 | $98,042 |
| 2015 | $1,558 | $117,782 | $19,740 | $98,042 |
| 2014 | $1,563 | $119,612 | $17,860 | $101,752 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Rapp
-
Sarah Coltrane
Buyer's Agent in 2024
Sarah Coltrane
Three Realty Group, LLC
(336) 964-1612
10 in this area
65 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4071864
APN: 012-197
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Based on information submitted to the MLS GRID
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