NOT LISTED FOR SALE

505 7th St Spencer, NC 28159

Estimated Value: $303,000 - $334,000

4 Beds
2 Baths
2,043 Sq Ft
$158/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $317,500 $155 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,989/month

8 Days on Market

Highlights

  • Laundry in Mud Room
  • Central Heating and Cooling System
  • Wood Siding
  • Attached Carport

About This Home

As of July 2023

This is it! Absolutely stunning craftsman (circa 1925) in the heart of Spencer NC. This home truly has all the charm that you could possibly ask for with all the modern amenities. On the main floor you will find a living room with a well appointed fireplace, a cozy sitting room, an oversized Formal Dining room, an upgraded kitchen with soapstone countertops. Finish it off with a lovely primary suite with an attached spa like bathroom featuring a shower with dual heads, and a double soapstone vanity. Upstairs you will find three bedrooms with lots of storage and a fully renovated bathroom. Entertain on the front porch or out back under the gazebo next to the artificial waterfall. This home has been featured on October Tour in 2018 and is certainly a fan favorite for all that it has to offer! While this home is officially the Snider-Floyd House, over recent years it has affectionately become known as "The Happy House"!

Last Agent to Sell the Property

Karla Foster

New Pointe Realty License #276560 Listed on: 06/16/2023

Last Buyer's Agent

Laura Shaffer

Laura Shaffer Real Estate LLC License #299677

Laura Shaffer Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • Property is zoned R8-3

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1.5-Story Property
  • Dishwasher
  • Laundry in Mud Room

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Unfinished Basement

  • Interior Basement Entry
  • Sump Pump
  • Basement Storage

Parking

  • Attached Carport
  • Driveway

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 031029

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1925
  • Road Surface Type: Gravel
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 155.41
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1417
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 626
  • Appliances: Dishwasher
  • Above Grade Finished Sq Ft: 2043
  • Has Basement: Interior Entry, Storage Space, Sump Pump, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 2043
  • Bedroom Main: 1

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl, Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Attached Carport, Driveway

Utilities

  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Mud Room
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 031029
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R8-3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Jul 28, 2023
Sold by
Jensen Joseph Chace and Jensen Jacquelyn Leigh
Bought by
Beer Laurel
Seller's Agent
Karla Foster
New Pointe Realty
Buyer's Agent
Laura Shaffer
Laura Shaffer Real Estate LLC
List Price
$325,000
Sold Price
$317,500
Premium/Discount to List
-$7,500
-2.31%
Views
261
Current Estimated Value
$323,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,628
Avg. Annual Appreciation
0.73%
Original Mortgage
$301,625
Outstanding Balance
$294,597
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$28,531

Purchase Details

Listed on
Nov 1, 2013
Closed on
Nov 26, 2013
Sold by
J & L Tullo Inc
Bought by
Jensen Joseph Chace and Jensen Jacquelyn Leigh
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%
Original Mortgage
$117,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 22, 2010
Sold by
Wachovia Mortgage Corporation
Bought by
J & L Tullo Llc

Purchase Details

Closed on
Apr 14, 2010
Sold by
Fuentes Carlos Efren Ortez
Bought by
Wachovia Mortgage Corporation

Purchase Details

Closed on
Sep 10, 2007
Sold by
Kluttz Arthur J and Kluttz Shirley P
Bought by
Ortez Fuentes Carlos Efren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Beer Laurel $317,500 None Listed On Document
Beer Laurel $317,500 None Listed On Document
Jensen Joseph Chace $115,000 None Available
J & L Tullo Llc $42,000 None Available
Wachovia Mortgage Corporation $45,000 None Available
Ortez Fuentes Carlos Efren $96,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beer Laurel $301,625
Closed Beer Laurel $301,625
Previous Owner Jensen Joseph Chace $117,000
Previous Owner Ortez Fuentes Carlos Efren $96,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2023 07/28/23 Sold $317,500 -2.3% $155 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $325,000 +182.6% $159 / Sq Ft
03/04/2014 03/04/14 Off Market $115,000 -- --
11/27/2013 11/27/13 Sold $115,000 -8.0% $58 / Sq Ft View Prior Sale
11/08/2013 11/08/13 Pending -- -- --
11/01/2013 11/01/13 For Sale $125,000 -- $63 / 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 $3,610 $319,473 $12,500 $306,973
2024 $3,610 $319,473 $12,500 $306,973
2023 $2,391 $211,614 $12,500 $199,114
2022 $1,645 $125,333 $10,000 $115,333
2021 $1,645 $125,333 $10,000 $115,333
2020 $1,645 $125,333 $10,000 $115,333
2019 $1,645 $125,333 $10,000 $115,333
2018 $1,349 $103,923 $10,000 $93,923
2017 $1,349 $103,923 $10,000 $93,923
2016 $1,349 $103,923 $10,000 $93,923
2015 $1,369 $103,923 $10,000 $93,923
2014 $1,496 $117,058 $10,000 $107,058
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4040457

Canopy MLS (Canopy Realtor® Association)

APN: 031-029