Seller's Agent in 2021
Lynnette Gearing
Lantern Realty & Development, LLC
(704) 699-6902
89 Total Sales
506 2nd St Spencer, NC 28159
Spencer Area
4
Beds
2
Baths
1,715
Sq Ft
0.25
Acre Lot
About This Home
As of May 2021NEWLY RENOVATED DUPLEX! This duplex has been completely renovated and is ready for it's new owners/investors! Duplex has 2BR/1BA in both rentals. Renovations have just been completed and each unit will be rented for $1000 per month/per unit. Each unit includes all new kitchen appliances, totally renovated bathrooms with washer/dryer hookups, new windows, sheetrock, gutters, laminate wood flooring throughout, landscaping, new HVAC Heating & Cooling Units, plus more! This great property is located just 0.6 miles from the NC Transportation Museum, 0.2 miles from the Spencer Public Library, 0.1 Second Street Park; less than 1 mile to grocery stores, convenience stores and restaurants. Spencer Fire Department is just blocks away. Great quiet established neighborhood where the neighbors look out for each other. Property is now being shown to potential tenants and will be rented for $950-$1000 per month per unit. Please do not disturb Tenant in Unit 506 (left unit). Both units are alike.
Last Agent to Sell the Property
Lantern Realty & Development, LLC License #306394 Listed on: 03/09/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 0.25
Home Design
- Duplex
- Traditional Architecture
- Brick Exterior Construction
Additional Features
- Laminate Flooring
- 2 Full Bathrooms
- Crawl Space
- Lot Dimensions are 75x145x75x145
Community Details
- Community Playground
Listing and Financial Details
- Tenant pays for cable, electric heat, electricity, water, all utilities
- Rent includes exterior maintenance, management fee
- Assessor Parcel Number 035023
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 9, 2021
Closed on
May 21, 2021
Sold by
Bought by
Seller's Agent
Lynnette Gearing
Lantern Realty & Development, LLC
Buyer's Agent
Marie Adeniyi
Daniel Colin Realty
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Interest Rate
0.031%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 19, 2020
Closed on
Jun 9, 2020
Sold by
Bought by
Seller's Agent
Paul Hezar
Armstrong Realty Group
Buyer's Agent
Lynnette Gearing
Lantern Realty & Development, LLC
List Price
$100,000
Sold Price
$85,000
Premium/Discount to List
-$15,000
-15%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
195.01%
Purchase Details
Closed on
Mar 27, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
0.034%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 15, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
0.0603%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 14, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
0.0603%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 29, 2003
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $235,000 | None Available | ||
| $85,000 | None Available | ||
| $60,000 | None Available | ||
| -- | -- | ||
| $85,000 | -- | ||
| $60,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $176,250 | ||
| Previous Owner | $45,000 | ||
| Previous Owner | $80,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/21/2021 05/21/21 | Sold | $235,000 | 0.0% | $137 / Sq Ft | |
| 03/29/2021 03/29/21 | Pending | -- | -- | -- | |
| 03/27/2021 03/27/21 | Price Changed | $235,000 | +4.4% | $137 / Sq Ft | |
| 03/26/2021 03/26/21 | For Sale | $225,000 | 0.0% | $131 / Sq Ft | |
| 03/12/2021 03/12/21 | Pending | -- | -- | -- | |
| 03/09/2021 03/09/21 | For Sale | $225,000 | 0.0% | $131 / Sq Ft | |
| 03/08/2021 03/08/21 | Price Changed | $225,000 | +164.7% | $131 / Sq Ft | |
| 06/11/2020 06/11/20 | Sold | $85,000 | -15.0% | $50 / Sq Ft | View Prior Sale |
| 05/20/2020 05/20/20 | Pending | -- | -- | -- | |
| 05/19/2020 05/19/20 | For Sale | $100,000 | -- | $59 / Sq Ft |
Source: Canopy MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,746 | $154,525 | $21,120 | $133,405 |
| 2024 | $1,746 | $154,525 | $21,120 | $133,405 |
| 2023 | $1,746 | $154,525 | $21,120 | $133,405 |
| 2022 | $1,312 | $99,945 | $17,600 | $82,345 |
| 2021 | $1,312 | $99,945 | $17,600 | $82,345 |
| 2020 | $1,312 | $99,945 | $17,600 | $82,345 |
| 2019 | $1,312 | $99,945 | $17,600 | $82,345 |
| 2018 | $1,043 | $80,384 | $17,600 | $62,784 |
| 2017 | $1,043 | $80,384 | $17,600 | $62,784 |
| 2016 | $1,043 | $80,384 | $17,600 | $62,784 |
| 2015 | $1,059 | $80,384 | $17,600 | $62,784 |
| 2014 | $1,030 | $80,581 | $15,950 | $64,631 |
Source: Public Records
Agents Affiliated with this Home
-
Lynnette Gearing
-
Marie Adeniyi
Buyer's Agent in 2021
Marie Adeniyi
Daniel Colin Realty
(704) 763-5600
4 Total Sales
-
Paul Hezar
P
Seller's Agent in 2020
Paul Hezar
Armstrong Realty Group
(704) 763-8209
6 Total Sales
Map
Source: Canopy MLS
MLS Number: CAR3713423
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID
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