NOT LISTED FOR SALE

505 S Iredell Ave Spencer, NC 28159

Estimated Value: $191,000 - $235,000

3 Beds
2 Baths
2,053 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: November 15, 2024

Last sale price $202,000 $98 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,253 / mo

195 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Central Heating and Cooling System
  • Front Porch
  • Tile Flooring

About This Home

As of November 2024

Price Adjustment! Motivated Seller. Welcome Home to the beautifully renovated home! New roof, new HVAC, new luxury vinyl througout, granite countertops, tile shower and new appliances. Enjoy sipping coffee on your refreshed front porch or deck. Primary on the main level for first floor living. Several flex spaces can be used as an addtional bedroom or office space. Close to the transportation museum, I85 for a quick trip to Greensboro or Charlotte. Don't forget to check out downtown shopping in Spencer or Salisbury.

Last Agent to Sell the Property

Angela Gower

Fresh Beginnings Realty Brokerage Email: angela.freshbeginhomes@gmail.com License #299621 Listed on: 03/30/2024

Last Buyer's Agent

Melissa Hilton

Real Broker, LLC License #339137

Real Broker, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • 7,405

Home Design

  • Hardboard

Interior Spaces

  • 1.5-Story Property
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Parking

  • Driveway
  • 1 Open Parking Space

Outdoor Features

  • Deck
  • Front Porch

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 033345

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1912
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 98.39
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: angela.freshbeginhomes@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1510
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 543
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 2053
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 2053
  • Bedroom Main: 1
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding
  • Patio And Porch Features: Deck, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 033345
  • ResoLotSizeUnits: Acres
  • Zoning Specification: SFR

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2024
Closed on
Nov 12, 2024
Sold by
Wallace Lance and Wallace Diana L
Bought by
Russell Harry L and Russell Terry J
Seller's Agent
Angela Gower
Fresh Beginnings Realty
Buyer's Agent
Melissa Hilton
Real Broker, LLC
List Price
$274,900
Sold Price
$202,000
Premium/Discount to List
-$72,900
-26.52%
Views
92
Current Estimated Value
$213,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,829
Avg. Annual Appreciation
3.95%
Original Mortgage
$204,000
Outstanding Balance
$201,614
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$12,215

Purchase Details

Closed on
Feb 5, 2024
Sold by
Morris Susan
Bought by
Wallace Lance

Purchase Details

Closed on
Jun 30, 2011
Sold by
Fannie Mae
Bought by
Morris Susan

Purchase Details

Closed on
May 25, 2010
Sold by
Polaski Jennifer L
Bought by
Federal National Mortgage Association
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
Russell Harry L $202,000 Statewide Title
Russell Harry L $202,000 Statewide Title
Wallace Lance $65,000 None Listed On Document
Morris Susan -- None Available
Federal National Mortgage Association $73,565 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Harry L $204,000
Closed Russell Harry L $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $202,000 -10.2% $98 / Sq Ft
10/12/2024 10/12/24 Pending -- -- --
10/01/2024 10/01/24 Price Changed $224,900 -6.3% $110 / Sq Ft
08/15/2024 08/15/24 Price Changed $239,900 -5.9% $117 / Sq Ft
06/20/2024 06/20/24 Price Changed $254,900 -3.4% $124 / Sq Ft
05/31/2024 05/31/24 Price Changed $263,900 -0.4% $129 / Sq Ft
05/17/2024 05/17/24 Price Changed $264,900 -1.9% $129 / Sq Ft
05/05/2024 05/05/24 Price Changed $269,900 -1.3% $131 / Sq Ft
04/22/2024 04/22/24 Price Changed $273,500 -0.5% $133 / Sq Ft
03/30/2024 03/30/24 For Sale $274,900 -- $134 / Sq Ft
Source: Canopy MLS

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 $1,431 $126,604 $19,000 $107,604
2024 $1,431 $126,604 $19,000 $107,604
2023 $1,431 $126,604 $19,000 $107,604
2022 $1,140 $86,872 $16,000 $70,872
2021 $1,140 $86,872 $16,000 $70,872
2020 $1,140 $86,872 $16,000 $70,872
2019 $1,140 $86,872 $16,000 $70,872
2018 $1,012 $78,007 $16,000 $62,007
2017 $1,012 $78,007 $16,000 $62,007
2016 $1,012 $78,007 $16,000 $62,007
2015 $1,028 $78,007 $16,000 $62,007
2014 $1,093 $85,507 $14,500 $71,007
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 4121514

Canopy MLS

APN: 033-345

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