NOT LISTED FOR SALE

503 7th St Spencer, NC 28159

Estimated Value: $225,999 - $246,000

4 Beds
2 Baths
1,300 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 08, 2017

Last sale price $103,000 $79 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $1,375/month

3 Days on Market

About This Home

As of September 2017

Welcome home! Come sit in your rocking chair and enjoy the peace and quiet that Spencer, North Carolina has to offer. This well maintained home has 4 bedrooms (3 upstairs/1 downstairs), 2 baths and an eat-in kitchen. Walk out the back sliding glass door and you will find a deck and a large, flat backyard that is perfect for many uses. This home is within 1 mile from the NC Transportation Museum

Last Agent to Sell the Property

Deana Petty

Lantern Realty & Development, LLC License #263080 Listed on: 08/03/2017

Lantern Realty & Development, LLC

Last Buyer's Agent

Karla Foster

New Pointe Realty License #276560

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 4,356

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Additional Features

  • Property is zoned Residential Lot
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 03103001

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.03103
  • Ratio Close Price By Original Li: 1.03103
  • Ratio Current Price By Acre: 1030000.00
  • Ratio Current Price By Sq Ft: 79.23
  • Year Built: 2002
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 700
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Equipment: Natural Gas, Refrigerator, Security System
  • Flooring: Carpet, Vinyl
  • Laundry Location: Main, Kitchen
  • Room Count: 2
  • Main Level Sq Ft: 600
  • Total Sq Ft: 1300

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Parking Space - 2

Utilities

  • Heating: Central Air, Heat Pump - AC, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Lot Info

  • Lot Dimension: 50x145
  • Parcel Number: 03103001
  • Zoning: Residential Lot
  • Zoning Specification: Res

Tax Info

  • Tax Value: 71666.00
  • Tax Location: Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Sep 8, 2017
Sold by
Hardin Christina L
Bought by
Rabon Sidney B
Seller's Agent
Deana Petty
Lantern Realty & Development, LLC
Buyer's Agent
Karla Foster
New Pointe Realty
List Price
$99,900
Sold Price
$103,000
Premium/Discount to List
$3,100
3.1%
Current Estimated Value
$235,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,750
Avg. Annual Appreciation
10.48%
Original Mortgage
$92,700
Outstanding Balance
$77,267
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$158,483

Purchase Details

Closed on
Jan 14, 2016
Sold by
Sby Finance Trs Llc
Bought by
Hardin Christina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 12, 2015
Sold by
2015B Property Owner Llc
Bought by
Sby Finance Trs Llc

Purchase Details

Closed on
Apr 1, 2015
Sold by
The Amer Home Real Estate Prtnrshp Iv Lp
Bought by
2015B Property Owner Llc

Purchase Details

Closed on
Sep 21, 2011
Sold by
Smith Larry S
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Sep 21, 2004
Sold by
Smith Tony Andrea and Smith Joanna Elizabeth
Bought by
Smith Larry S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,726
Interest Rate
5.78%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rabon Sidney B $103,000 None Available
Hardin Christina L $71,000 None Available
Sby Finance Trs Llc -- None Available
2015B Property Owner Llc $136,000 None Available
Secretary Of Housing & Urban Development $96,295 None Available
Smith Larry S $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rabon Sidney B $92,700
Previous Owner Hardin Christina L $72,000
Previous Owner Smith Larry S $89,726
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2017 09/08/17 Sold $103,000 +3.1% $79 / Sq Ft
08/06/2017 08/06/17 Pending -- -- --
08/03/2017 08/03/17 For Sale $99,900 +88.5% $77 / Sq Ft
04/05/2013 04/05/13 Off Market $53,000 -- --
12/31/2012 12/31/12 Sold $53,000 -33.7% $41 / Sq Ft View Prior Sale
12/01/2012 12/01/12 Pending -- -- --
05/28/2012 05/28/12 For Sale $79,885 +149.7% $61 / Sq Ft
05/24/2012 05/24/12 Sold $31,996 -57.3% $24 / Sq Ft View Prior Sale
04/20/2012 04/20/12 Pending -- -- --
10/14/2011 10/14/11 For Sale $75,000 -- $57 / 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 $1,671 $147,897 $12,500 $135,397
2024 $1,671 $147,897 $12,500 $135,397
2023 $1,671 $147,897 $12,500 $135,397
2022 $1,126 $85,756 $10,000 $75,756
2021 $1,126 $85,756 $10,000 $75,756
2020 $1,126 $85,756 $10,000 $75,756
2019 $1,126 $85,756 $10,000 $75,756
2018 $930 $71,666 $10,000 $61,666
2017 $930 $71,666 $10,000 $61,666
2016 $930 $71,666 $10,000 $61,666
2015 $944 $71,666 $10,000 $61,666
2014 -- $80,458 $10,000 $70,458
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3308111

Canopy MLS (Canopy Realtor® Association)

APN: 031-03001