NOT LISTED FOR SALE

501 N Main St China Grove, NC 28023

Estimated Value: $224,000 - $366,000

4 Beds
2 Baths
3,092 Sq Ft
$101/Sq Ft Est. Value

Last Sold June 10, 2020

Last sale price $58,500 $19 Per Sq Ft

Est. 447% increase in value since last sale

Current estimated payment $1,893/month

350 Days on Market

About This Home

As of June 2020

Circa 1915 3092 +/- square feet. New architectural roof. Home needs a complete rehab. China Grove zoning Central Business which includes residential use as a "special requirement" This home has some beautiful mill work, mantles and original features including 12+ foot ceiling height on first floor. Yes this house needs everything, but it's priced 100,000 under tax value!. Central Business allows live/work and offices plum many other uses. Zoning information here www.chinagrovenc.gov/document_center/planning/UDO/Chapter%203%20Zoning%20Districts%20Updated.pdf

Last Agent to Sell the Property

Greg Rapp

Salisbury Real Estate LLC License #210485 Listed on: 06/04/2019

Last Buyer's Agent

Carolina Flores

Granite Real Estate Investments, LLC License #277472

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1914

Lot Details

  • 0.3

Home Design

  • Vinyl Siding

Additional Features

  • 2 Full Bathrooms
  • Corner Lot

Listing and Financial Details

  • Assessor Parcel Number 101020

Home Details

Home Type

Single Family

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 0.81363
  • Ratio Close Price By Original Li: 0.73217
  • Ratio Current Price By Acre: 195000.00
  • Ratio Current Price By Sq Ft: 18.92
  • Year Built: 1914
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Brick, Pier & Beam
  • Upper Level Sq Ft: 700
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Room Count: 1
  • Main Level Sq Ft: 2392
  • Total Sq Ft: 3092

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Driveway

Utilities

  • Sewer: City Sewer
  • Water: City Water

Schools

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

Lot Info

  • Lot Dimension: 81x115x122x146
  • Lot Features: Corner Lot
  • Lot Size Area: 0.300
  • Parcel Number: 101020
  • Zoning Specification: CB

Tax Info

  • Tax Value: 185664.00
  • Tax Location: China Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2019
Closed on
Jun 5, 2020
Sold by
Klaus Timothy C and Klaus Jessica M
Bought by
Merinoo S Investmnets Llc
Seller's Agent
Greg Rapp
Salisbury Real Estate LLC
Buyer's Agent
Carolina Flores
Granite Real Estate Investments, LLC
List Price
$71,900
Sold Price
$58,500
Premium/Discount to List
-$13,400
-18.64%
Total Days on Market
350
Current Estimated Value
$320,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,531
Avg. Annual Appreciation
38.73%

Purchase Details

Closed on
Dec 20, 2017
Sold by
Gault Boyd L and Gault Bernice F
Bought by
Klaus Timothy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.92%
Mortgage Type
Unknown

Purchase Details

Closed on
May 1, 1979
Bought by
Bowers Daisy G
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
Merinoo S Investmnets Llc $58,500 None Available
Klaus Timothy C $30,000 None Available
Bowers Daisy G $35,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Klaus Timothy C $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2020 06/10/20 Sold $58,500 -18.6% $19 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $71,900 0.0% $23 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $71,900 0.0% $23 / Sq Ft
12/24/2019 12/24/19 Pending -- -- --
12/03/2019 12/03/19 For Sale $71,900 +22.9% $23 / Sq Ft
11/30/2019 11/30/19 Off Market $58,500 -- --
11/02/2019 11/02/19 Price Changed $71,900 -10.0% $23 / Sq Ft
08/12/2019 08/12/19 For Sale $79,900 0.0% $26 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
06/04/2019 06/04/19 For Sale $79,900 -- $26 / 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 $1,691 $156,567 $116,352 $40,215
2024 $1,691 $156,567 $116,352 $40,215
2023 $1,691 $156,567 $116,352 $40,215
2022 $1,488 $122,203 $95,506 $26,697
2021 $1,463 $122,203 $95,506 $26,697
2020 $1,463 $122,203 $95,506 $26,697
2019 $1,463 $122,203 $95,506 $26,697
2018 $2,272 $185,664 $96,960 $88,704
2017 $2,272 $185,664 $96,960 $88,704
2016 $2,272 $185,664 $96,960 $88,704
2015 $2,307 $185,664 $96,960 $88,704
2014 $887 $146,556 $32,966 $113,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3515055

Canopy MLS (Canopy Realtor® Association)

APN: 101-020