$258,500
SOLD JUL 5, 2024

509 S Iredell Ave Spencer, NC 28159

5 Beds
2.5 Baths
2,758 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$94 Per Sq Ft

14% Below List Price

300 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Walk-In Closet
  • Arts and Crafts Architecture
  • Covered patio or porch
  • Laundry Room

About This Home

As of July 2024

Spacious home located in the historical district of the Town of Spencer. Close to shops, restaurants, and I85. This historic home is renovated with two new HVAC units, new roof and gutters, new water heater, upgraded plumbing, upgraded electric, refinished hardwood floors, updated kitchen with granite countertops. Primary ensuite downstairs with large walk in closet and 4 large bedrooms upstairs. Workshop outbuilding in back has electric and could be used for a garage. Recently installed foundation waterproofing system in basement.

The Town of Spencer has the charm of a historic neighborhood currently experiencing an uptick in renovations. Come make this your new home!

Last Agent to Sell the Property

Sonya Wickman

Manx Properties LLC Brokerage Email: sonyawickman@gmail.com License #295937 Listed on: 07/25/2023

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,220

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 50x195
  • Back Yard Fenced
  • Level Lot
  • Property is zoned RMST, RM

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Family Room with Fireplace
  • Attic Fan

Kitchen

  • Convection Oven
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Sump Pump
  • Crawl Space

Parking

  • Driveway
  • On-Street Parking
  • 3 Open Parking Spaces

Outdoor Features

  • Deck
  • Covered patio or porch
  • Outbuilding

Schools

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

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 033 343

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,220

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 1905
  • Restrictions: Architectural Review,Historical
  • Restrictions Description: Historical
  • Special Assessment Description: none known
  • Proposed Special Assessment Desc: non known
  • Road Surface Type: Dirt, Gravel, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 93.73
  • Geocode Confidence: High
  • Attribution Contact: sonyawickman@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Pantry, Split Bedroom, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1472
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1286
  • Appliances: Convection Oven, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 2758
  • Has Basement: Exterior Entry, Interior Entry, Sump Pump, Unfinished, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace Features: Family Room, Gas, Gas Log, Other - See Remarks
  • Living Area: 2758
  • Window Features: Window Treatments
  • Bedroom Main: 1
  • Room Count: 5

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard
  • Construction Type: Cedar Shake
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Deck, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Parking Features: Driveway, On Street

Utilities

  • Heating: Central, Forced Air, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Utility Room, Inside, Main Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Attic Fan, Ceiling Fan(s), Central Air, Dual, Electric
  • Utilities: Gas
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 033 343
  • Zoning: RM
  • Lot Size: 50X195
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RMST

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2023
Closed on
Jun 28, 2024
Sold by
Wickman Sonya and Manx Properties Llc
Bought by
Wilburn Howard Dwight
Seller's Agent
Sonya Wickman
Manx Properties LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$300,000
Sold Price
$258,500
Premium/Discount to List
-$41,500
-13.83%
Total Days on Market
300
Views
821
Current Estimated Value
$263,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,416
Avg. Annual Appreciation
2.33%
Original Mortgage
$258,500
Outstanding Balance
$256,525
Interest Rate
6.94%
Mortgage Type
VA
Estimated Equity
$7,391

Purchase Details

Closed on
Jan 13, 2022
Sold by
Kania Richard J
Bought by
Manx Properties Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $258,500 None Listed On Document
Commissioners Deed $35,000 Kania Richard J
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $258,500 VA
Previous Owner $55,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2024 07/05/24 Sold $258,500 -9.3% $94 / Sq Ft
04/09/2024 04/09/24 Price Changed $285,000 -3.1% $103 / Sq Ft
03/14/2024 03/14/24 Price Changed $294,000 -2.0% $107 / Sq Ft
02/09/2024 02/09/24 For Sale $300,000 +16.1% $109 / Sq Ft
02/02/2024 02/02/24 Off Market $258,500 -- --
08/11/2023 08/11/23 For Sale $300,000 -- $109 / 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
2024 $3,220 $284,939 $18,000 $266,939
2023 $1,887 $166,989 $18,000 $148,989
2022 $1,057 $80,567 $14,500 $66,067
2021 $1,057 $80,567 $14,500 $66,067
2020 $1,057 $80,567 $14,500 $66,067
2019 $1,057 $80,567 $14,500 $66,067
2018 $882 $67,987 $14,500 $53,487
2017 $882 $67,987 $14,500 $53,487
2016 $882 $67,987 $14,500 $53,487
2015 $896 $67,987 $14,500 $53,487
2014 $972 $76,021 $14,500 $61,521
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4045873

Canopy MLS (Canopy Realtor® Association)

APN: 033-343