NOT LISTED FOR SALE

507 E 2nd St Clayton, NC 27520

Estimated Value: $860,000 - $1,003,894

7 Beds
7.5 Baths
6,592 Sq Ft
$141/Sq Ft Est. Value

Last Sold December 01, 2021

Last sale price $650,000 $99 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $6,198/month

317 Days on Market

Highlights

  • 0.87 Acre Lot
  • Wood Flooring
  • Victorian Architecture
  • Riverwood Middle School Rated A-
  • Main Floor Primary Bedroom
  • 4 Fireplaces

About This Home

As of December 2021

Welcome to Clayton’s authentic B&B, located right in the heart of town. The Morning Glory Inn is a magnificent 6500 sq ft Victorian home built in 1907. This unique historic home has 7 bedrooms and 7 and 1/2 bathrooms. A grand porch, 11' ceilings, a central staircase, and men's and women's parlors welcome you to this unique property, sitting on over 3/4 of an acre in Downtown Clayton. There is a private owner's area to enjoy personal time after entertaining guests. This is a rare opportunity, indeed.

Last Agent to Sell the Property

Adam McKnight

HomeTowne Realty License #285591 Listed on: 12/03/2020

Last Buyer's Agent

Oisin Finn

HomeTowne Realty License #312855

HomeTowne Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,268

Year Built

  • Built in 1907

Lot Details

  • 0.87 Acre Lot
  • Property is zoned O-I

Home Design

  • Victorian Architecture
  • Aluminum Siding

Interior Spaces

  • 6,592 Sq Ft Home
  • 2-Story Property
  • 4 Fireplaces

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Parking

  • Covered Parking
  • Private Driveway

Schools

  • Cooper Academy Elementary School
  • Riverwood Middle School
  • Clayton High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • Heat Pump System
  • Wall Furnace
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Association fees include unknown

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,268

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Year Built: 1907
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 6592.0
  • Architectural Style: Victorian
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: See GIS
  • General Property Information Association Fee Required YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: Yes
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Carpet: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Levels Two: Yes
  • Room Types Primary Bedroom Level: M
  • Remarks and Miscellaneous Syndication Remarks2: Welcome to Clayton’s authentic B&B, located right in the heart of town. The Morning Glory Inn is a magnificent 6500 sq ft Victorian home built in 1907. This unique historic home has 7 bedrooms and 7 and 1/2 bathrooms. A grand porch, 11' ceilings, a central staircase, and men's and women's parlors welcome you to this unique property, sitting on over 3/4 of an acre in Downtown Clayton. There is a private owner's area to enjoy personal time after entertaining guests. This is a rare opportunity, indeed.
  • Heating None12: Yes
  • Cooling Wall Unit(s): Yes
  • General Property Information Above Grade Finished Area: 6592.0
  • General Property Information Carport YN: No
  • Architectural Style Victorian: Yes
  • General Property Information Lot Size Square Feet2: 37766.52
  • General Property Information Lot Size Acres: 0.867
  • General Property Information:Living Area3: 6592.0
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Fireplaces: 4
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Fireplaces Total: 4

Exterior Features

  • Acres: 0.87
  • Construction Type: Aluminum Siding
  • Construction Materials:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Covered, Driveway
  • Parking Features:Concrete4: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Covered: Yes

Utilities

  • Heating: Heat Pump, Wall Furnace, None
  • Cooling: Central Air, Wall Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: No
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Ninth Grade High School: Johnston - Clayton
  • Middle Or Junior School: Johnston - Riverwood

Lot Info

  • Zoning: O-I
  • Lot Dimensions: See GIS
  • Lot Size Sq Ft: 37766.52
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8268.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Johnston - Cooper Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2024
Sold by
Gubitosi Gennarino and Gubitosi Bernadette Theresa
Bought by
Robinson Jordan
Current Estimated Value
$997,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Outstanding Balance
$866,289
Interest Rate
6.12%
Mortgage Type
Seller Take Back
Estimated Equity
$65,658

Purchase Details

Listed on
Dec 3, 2020
Closed on
Nov 30, 2021
Sold by
Grannis R Michael R and Grannis Elizabeth E
Bought by
Gubitosi Gennarino and Gubitosi Bernadette Theresa
Seller's Agent
Adam McKnight
HomeTowne Realty
Buyer's Agent
Oisin Finn
HomeTowne Realty
List Price
$729,000
Sold Price
$650,000
Premium/Discount to List
-$79,000
-10.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.07%
Original Mortgage
$400,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2003
Sold by
Grannis R Michael
Bought by
Tremblay Robert R
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
Robinson Jordan $1,000,000 None Listed On Document
Robinson Jordan $1,000,000 None Listed On Document
Gubitosi Gennarino $650,000 None Available
Tremblay Robert R $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Jordan $875,000
Closed Robinson Jordan $875,000
Previous Owner Gubitosi Gennarino $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $650,000 -- --
12/01/2021 12/01/21 Sold $650,000 0.0% $99 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
08/05/2021 08/05/21 Price Changed $650,000 -7.1% $99 / Sq Ft
05/04/2021 05/04/21 Price Changed $699,900 -4.0% $106 / Sq Ft
12/03/2020 12/03/20 For Sale $729,000 -- $111 / Sq Ft
Source: Doorify 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 $10,846 $1,073,900 $224,420 $849,480
2024 $8,145 $617,010 $112,210 $504,800
2023 $7,959 $617,010 $112,210 $504,800
2022 $8,206 $0 $0 $0
2021 $8,083 $617,010 $112,210 $504,800
2020 $8,268 $617,010 $112,210 $504,800
2019 $8,268 $617,010 $112,210 $504,800
2018 $0 $386,040 $112,210 $273,830
2017 $5,134 $386,040 $112,210 $273,830
2016 $5,134 $386,040 $112,210 $273,830
2015 $5,038 $386,040 $112,210 $273,830
2014 $5,038 $386,040 $112,210 $273,830
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2356040

Doorify MLS

APN: 05009015