NOT LISTED FOR SALE

512 7th St Spencer, NC 28159

Estimated Value: $227,000 - $262,000

3 Beds
2 Baths
2,022 Sq Ft
$124/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $170,000 $84 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,496/month

14 Days on Market

Highlights

  • Above Ground Pool
  • Engineered Wood Flooring
  • Shed
  • Open Floorplan
  • Walk-In Closet
  • Kitchen Island

About This Home

As of October 2021

Open floor plan! Master with walk in closet. Easy access to deck overlooking the backyard from kitchen and living room. Lots of space! Finished basement with 2 bedrooms plus a great recreation room on lower level can have multiple uses. Fenced back yard with 2 nice out buildings and a covered space for lawn equipment, tools, etc! Lower level deck added with fresh paint. New paint on inside walls. Great backyard with above ground pool. Tin roof covering partly covering lower deck area, perfect for hosting friends and family. Spacious fenced in back yard with lots of privacy. Extra driveway recently added allows for a total of 5 parking spaces!

Last Agent to Sell the Property

Justin Porter

RE/MAX Leading Edge License #324983 Listed on: 08/09/2021

RE/MAX Leading Edge

Co-Listed By

Tammy Mcleod

RE/MAX Leading Edge License #321312

Last Buyer's Agent

Franchesca Wicker

Fathom Realty NC LLC License #121166

Fathom Realty NC LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • Level Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Engineered Wood Flooring

Kitchen

  • Oven
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Above Ground Pool
  • Shed

Listing and Financial Details

  • Assessor Parcel Number 033216

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: Split Foyer
  • Ratio Close Price By List Price: 0.90667
  • Ratio Close Price By Original Li: 0.90667
  • Ratio Current Price By Acre: 515151.52
  • Ratio Current Price By Sq Ft: 84.08
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Block, Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Oven
  • Flooring: Carpet, Prefinished Wood
  • Interior Amenities: Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Basement: 996
  • Main Level Sq Ft: 1026
  • Total Sq Ft: 2022

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Pool-Above Ground, Shed(s)

Garage/Parking

  • Driveway: Gravel
  • Parking: Parking Space - 4+

Utilities

  • Heating: Electric Baseboard Heat, Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 14600
  • Lot Features: Level, Trees
  • Lot Size Area: 0.330
  • Parcel Number: 033216
  • Zoning Specification: RS

Tax Info

  • Tax Value: 83774.00
  • Tax Location: Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Sep 29, 2021
Sold by
Olson Ralph B and Olson Patrycja M
Bought by
Israel Benjamin and Israel Abigail
Seller's Agent
Justin Porter
RE/MAX Leading Edge
Buyer's Agent
Franchesca Wicker
Fathom Realty NC LLC
List Price
$187,500
Sold Price
$170,000
Premium/Discount to List
-$17,500
-9.33%
Current Estimated Value
$250,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,437
Avg. Annual Appreciation
9.47%
Original Mortgage
$4,947
Outstanding Balance
$4,584
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$237,771

Purchase Details

Listed on
Apr 15, 2013
Closed on
Mar 31, 2014
Sold by
Alexander Tamara L
Bought by
Olson Ralph B and Olson Patrycja M
List Price
$79,500
Sold Price
$60,000
Premium/Discount to List
-$19,500
-24.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.77%
Original Mortgage
$60,800
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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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
Israel Benjamin $197,000 None Available
Olson Ralph B $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Israel Benjamin $4,947
Open Israel Benjamin $164,900
Previous Owner Olson Ralph B $60,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2021 10/18/21 Sold $170,000 -9.3% $84 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $187,500 0.0% $93 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $187,500 +212.5% $93 / Sq Ft
07/14/2014 07/14/14 Off Market $60,000 -- --
03/31/2014 03/31/14 Sold $60,000 -24.5% $35 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
04/15/2013 04/15/13 For Sale $79,500 -- $46 / 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
2025 $2,072 $183,338 $27,000 $156,338
2024 $2,072 $183,338 $27,000 $156,338
2023 $2,072 $183,338 $27,000 $156,338
2022 $1,100 $83,774 $21,750 $62,024
2021 $1,100 $83,774 $21,750 $62,024
2020 $1,100 $83,774 $21,750 $62,024
2019 $1,100 $83,774 $21,750 $62,024
2018 $1,015 $78,192 $21,750 $56,442
2017 $1,015 $78,192 $21,750 $56,442
2016 $1,015 $78,192 $21,750 $56,442
2015 $1,030 $78,192 $21,750 $56,442
2014 $1,107 $86,616 $21,750 $64,866
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3772227

Canopy MLS (Canopy Realtor® Association)

APN: 033-216