NOT LISTED FOR SALE

509 E Lafayette St Salisbury, NC 28144

Estimated Value: $126,000 - $213,000

2 Beds
2 Baths
1,257 Sq Ft
$127/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $93,000 $74 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $933/month

8 Days on Market

About This Home

As of December 2023

Charming bungalow home located only minutes from downtown Salisbury. Convenient to 29, 601 and I-85, making for an easy commute! Close-knit community made possible through the spacious covered front porch, and close by side-walks. Make this your forever home, or a lucrative investment property in the thriving rental market. Come see all the potential this one has to offer!

Last Agent to Sell the Property

Tarah Burke

EXP Realty LLC Mooresville Brokerage Email: TarahBurke419@gmail.com License #339331 Listed on: 10/24/2023

EXP Realty LLC Mooresville

Last Buyer's Agent

Tarah Burke

EXP Realty LLC Mooresville Brokerage Email: TarahBurke419@gmail.com License #339331 Listed on: 10/24/2023

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • Property is zoned 12-12

Home Design

  • Bungalow

Interior Spaces

  • 1,257 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Community Details

  • Central Subdivision

Listing and Financial Details

  • Assessor Parcel Number 012198

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1900
  • Special Assessment Description: none
  • Road Surface Type: None, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 73.99
  • Geocode Confidence: Medium
  • Attribution Contact: TarahBurke419@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1257
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Other
  • Above Grade Finished Sq Ft: 1257
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1257
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Aluminum

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: None

Utilities

  • Heating: None
  • Sewer: None
  • Laundry Features: None
  • Cooling: None
  • Water Source: None

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 012198
  • ResoLotSizeUnits: Acres
  • Zoning Specification: 12-12

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2023
Closed on
Nov 20, 2023
Sold by
Investcar Llc
Bought by
Salisbury Homesteads Llc
Seller's Agent
Tarah Burke
EXP Realty LLC Mooresville
Buyer's Agent
Tarah Burke
EXP Realty LLC Mooresville
List Price
$150,000
Sold Price
$93,000
Premium/Discount to List
-$57,000
-38%
Views
30
Current Estimated Value
$159,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,729
Avg. Annual Appreciation
26.64%
Original Mortgage
$112,700
Interest Rate
7.63%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 26, 2021
Sold by
Cedifer Property Management Llc
Bought by
Hopson Cedron J and Hopson Jennifer M

Purchase Details

Closed on
Feb 11, 2021
Sold by
Hopson Cedron J and Hopson Jennifer M
Bought by
Cedifer Property Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2021
Sold by
Pal Co Inc
Bought by
Hopson Cedron J and Hopson Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 1995
Bought by
Pal-Co Inc
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
Salisbury Homesteads Llc $330,000 None Listed On Document
Salisbury Homesteads Llc $330,000 None Listed On Document
Hopson Cedron J -- None Available
Cedifer Property Management Llc -- None Available
Hopson Cedron J $80,000 Fortified Title Llc
Pal-Co Inc $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Salisbury Homesteads Llc $112,700
Previous Owner Hopson Cedron J $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2023 12/04/23 Sold $93,000 -38.0% $74 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $150,000 -- $119 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,228 $102,670 $13,500 $89,170
2024 $1,228 $102,670 $13,500 $89,170
2023 $1,228 $102,670 $13,500 $89,170
2022 $896 $65,061 $11,340 $53,721
2021 $896 $65,061 $11,340 $53,721
2020 $896 $65,061 $11,340 $53,721
2019 $896 $65,061 $11,340 $53,721
2018 $750 $55,165 $11,340 $43,825
2017 $746 $55,165 $11,340 $43,825
2016 $725 $55,165 $11,340 $43,825
2015 $730 $55,165 $11,340 $43,825
2014 $731 $55,922 $10,260 $45,662
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tarah Burke

    EXP Realty LLC Mooresville

    (480) 395-9810

    3 in this area

    25 Total Sales

    Tarah Burke
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4081702

Canopy MLS (Canopy Realtor® Association)

APN: 012-198

North Carolina Rowan County Salisbury 28144

509 E Lafayette St, Salisbury, NC

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) 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

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