NOT LISTED FOR SALE

503 4th St Spencer, NC 28159

Estimated Value: $271,000 - $322,736

5 Beds
2 Baths
2,705 Sq Ft
$110/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $225,000 $83 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,856/month

81 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Wrap Around Porch
  • Deck
  • No HOA
  • Storm Windows

About This Home

As of July 2021

WOW! If you love the charm and character that you can feel from an older home, this BEAUTIFUL historic home built in 1905 is the ONE for you! Upon entering the home from your wrap-around front porch (with swing!), you'll find the formal entry way flanked by double parlors on either side w/ glass entrance doors. Original hardwoods and crown molding throughout home! Built ins & lovely details in the Formal Dining Room includ. one-of-a-kind antique stained glass chandelier! Kitchen boasts granite countertops, plenty of cabinets, & room for entertaining. All Rooms are oversized to accommodate all family gatherings & memories. Relax on large back deck w/ completely fenced yard includ. large storage shed w/ power. Outside access to unfinished basement is the perfect opportunity for yard tool storage or gardening projects. This property is located in the HEART of Spencer & near Spencer Library Park, restaurants & NC Transportation Museum. It was featured TWICE on Spencer Christmas home tour!

Last Agent to Sell the Property

Cristina Grossu

Leisurely Real Estate Brokerage Email: grossuc@gmail.com License #274657 Listed on: 03/11/2021

Co-Listed By

Cathy Grossu

Leisurely Real Estate Brokerage Email: grossuc@gmail.com License #290691

Last Buyer's Agent

Kay Dover

Dover Realty and Associates, Inc License #51505

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1905

Lot Details

  • 9,147 Sq Ft Lot
  • Lot Dimensions are 60'x150'
  • Fenced
  • Level Lot
  • Property is zoned Historic

Home Design

  • Colonial Architecture
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Family Room with Fireplace
  • Storm Windows

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Deck
  • Outbuilding
  • Wrap Around Porch

Schools

  • North Rowan Elementary And Middle School
  • North Rowan High School

Utilities

  • Central Heating
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 033241

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,343

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1905
  • Restrictions: Historical
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 83.18
  • Attribution Contact: grossuc@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Other - See Remarks
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Built-in Features, Cable Prewire, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1520
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 66
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 140
  • Sq Ft Unheated Upper: 74
  • Sq Ft Upper: 1185
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Oven, Refrigerator, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 2705
  • Has Basement: Exterior Entry
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace Features: Den, Family Room, Other - See Remarks
  • Living Area: 2705
  • Window Features: Storm Window(s)
  • Bedroom Main: 1
  • Room Count: 11

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Fencing: Fenced
  • Waterfront Features: None
  • Waterfront Elevation: 1000
  • Construction Type: Aluminum, Vinyl
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Front Porch, Porch, Rear Porch, Wrap Around

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 243
  • Parking Features: Driveway, On Street

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
  • Cooling: Attic Fan, Ceiling Fan(s), Heat Pump
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Hoa Subject To Dues: No
  • Association: No

Schools

  • Middle Or Junior School: North Rowan
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Parcel Number: 033241
  • Development Status: Completed
  • Lot Size Acres: 0.21
  • Lot Size: 60'x150'
  • Lot Size Sq Ft: 9147
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Historic

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: North Rowan
  • High School: North Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2021
Closed on
Jun 14, 2021
Sold by
Herrick Matthew and Herrick Mallory
Bought by
Jarrell James Ray and Newberry Christina
Seller's Agent
Cristina Grossu
Leisurely Real Estate
Buyer's Agent
Kay Dover
Dover Realty and Associates, Inc
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$297,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,434
Avg. Annual Appreciation
6.85%
Original Mortgage
$227,272
Outstanding Balance
$205,766
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$91,668

Purchase Details

Listed on
Apr 17, 2017
Closed on
Aug 1, 2017
Sold by
Walters Kenneth R
Bought by
Herrick Matthew and Herrick Mallory
Seller's Agent
Lauren Raper
EXP Realty LLC
Buyer's Agent
Robin Niblock
Better Homes and Garden Real Estate Paracle
List Price
$133,000
Sold Price
$138,000
Premium/Discount to List
$5,000
3.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.17%
Original Mortgage
$135,500
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
May 30, 2017
Sold by
Morales Tomas and Morales Teresa
Bought by
Walters Kenneth Reid

Purchase Details

Closed on
Dec 14, 2013
Sold by
Walters Kenneth R and Walters Victoria B
Bought by
Walters Kenneth Reid

Purchase Details

Closed on
Nov 14, 2008
Sold by
Deutsche Bank National Trust Company
Bought by
Walters Kenneth R

Purchase Details

Closed on
Sep 19, 2007
Sold by
Maltese Elaine
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
May 6, 2005
Sold by
Morales Tomas O and Morales Teresa R
Bought by
Maltese Elaine

Purchase Details

Closed on
Apr 28, 2004
Sold by
Morales Tomas O and Morales Teresa R
Bought by
Morales Tomas and Morales Teresa
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
Jarrell James Ray $225,000 Amrock Llc
Herrick Matthew $138,000 None Available
Walters Kenneth Reid -- None Available
Walters Kenneth Reid -- None Available
Walters Kenneth R $45,000 None Available
Deutsche Bank National Trust Co $115,264 None Available
Maltese Elaine $118,000 --
Morales Tomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarrell James Ray $227,272
Previous Owner Herrick Matthew $135,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $225,000 0.0% $83 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $225,000 0.0% $83 / Sq Ft
03/28/2021 03/28/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $225,000 0.0% $83 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $225,000 +63.0% $83 / Sq Ft
08/01/2017 08/01/17 Sold $138,000 +3.8% $50 / Sq Ft
06/13/2017 06/13/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $133,000 -- $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 $3,343 $295,845 $19,000 $276,845
2024 $3,343 $295,845 $19,000 $276,845
2023 $3,343 $295,845 $19,000 $276,845
2022 $2,028 $154,497 $16,000 $138,497
2021 $2,028 $154,497 $16,000 $138,497
2020 $2,028 $154,497 $16,000 $138,497
2019 $2,028 $154,497 $16,000 $138,497
2018 $1,673 $128,892 $16,000 $112,892
2017 $1,290 $99,390 $16,000 $83,390
2016 $1,290 $99,390 $16,000 $83,390
2015 $1,309 $99,390 $16,000 $83,390
2014 $1,405 $109,934 $14,500 $95,434
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3716069

Canopy MLS (Canopy Realtor® Association)

APN: 033-241