NOT LISTED FOR SALE

516 W Bank St Salisbury, NC 28144

Estimated Value: $190,000 - $223,000

4 Beds
2.5 Baths
2,278 Sq Ft
$90/Sq Ft Est. Value

Last Sold January 30, 2020

Last sale price $242,000 $106 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $1,224/month

99 Days on Market

Highlights

  • New Construction
  • Tray Ceiling
  • Kitchen Island
  • Attached Garage
  • Walk-In Closet
  • Concrete Flooring

About This Home

As of January 2020

Brand new construction sitting on 1.73 acres in prime East Rowan school district. Live inside city limits with the feel of being out in county. This home boasts 4 large bedrooms, 2.5 baths, large open living room, separate dining room, over-sized kitchen with granite tops, stainless steel appliances, large island, and tile back splash. Master suite upstairs with large walk-in closet, tray ceiling, and dual vanity. Call today and take a look for yourself!

Last Agent to Sell the Property

Cathy Griffin

Century 21 Towne and Country License #187850 Listed on: 08/30/2019

Century 21 Towne and Country

Last Buyer's Agent

Patricia Botero

EXP Realty LLC Ballantyne License #294266

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 1.73

Parking

  • Attached Garage
  • Gravel Driveway

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Tray Ceiling
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Listing and Financial Details

  • Assessor Parcel Number 351125

Home Details

Home Type

Single Family

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.01255
  • Ratio Close Price By Original Li: 0.86459
  • Ratio Current Price By Acre: 139884.39
  • Ratio Current Price By Sq Ft: 106.23
  • Year Built: 2019
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1247
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Microwave, Electric Oven
  • Flooring: Concrete, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Kitchen Island, Pantry, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1031
  • Total Sq Ft: 2278

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • New Construction: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Granite Quarry
  • Middle School: C.C. Erwin
  • High School: East Rowan

Lot Info

  • Lot Size Area: 1.730
  • Parcel Number: 351125
  • Zoning Specification: RES

Tax Info

  • Tax Value: 17000.00
  • Tax Location: Granite Qry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2015
Sold by
Clement Edward H and Clement Nancy H
Bought by
Spalding Elaine and Kahrs Keyth I
Current Estimated Value
$206,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Outstanding Balance
$63,701
Interest Rate
3.75%
Mortgage Type
Unknown
Estimated Equity
$142,362

Purchase Details

Closed on
Dec 14, 2007
Sold by
Suntrust Bank
Bought by
Southeast Stb Portfolio Llc

Purchase Details

Closed on
Oct 15, 2004
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Clement Edward H and Clement Nancy H

Purchase Details

Closed on
May 5, 2004
Sold by
Green Bobby R
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 23, 2004
Sold by
Ld Properties Llc
Bought by
Osakwe Cyril O and Osakwe Dorothy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.85%
Mortgage Type
Unknown
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
Spalding Elaine $93,000 Chicago Title Insurance Co
Southeast Stb Portfolio Llc -- First American Title Ins Co
Southeast Stb Portfolio Llc $1,206,500 First American Title Ins Co
Clement Edward H -- --
Federal Home Loan Mortgage Corporation $50,000 --
Osakwe Cyril O $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spalding Elaine $83,200
Previous Owner Osakwe Cyril O $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2020 01/30/20 Sold $242,000 +1.3% $106 / Sq Ft
12/07/2019 12/07/19 Pending -- -- --
11/18/2019 11/18/19 Price Changed $239,000 -8.0% $105 / Sq Ft
09/26/2019 09/26/19 Price Changed $259,900 -3.7% $114 / Sq Ft
09/16/2019 09/16/19 Price Changed $269,900 -1.7% $118 / Sq Ft
09/14/2019 09/14/19 Price Changed $274,500 -1.9% $121 / Sq Ft
08/30/2019 08/30/19 For Sale $279,900 -- $123 / 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 $1,624 $135,776 $11,994 $123,782
2024 $1,624 $135,776 $11,994 $123,782
2023 $1,624 $135,776 $11,994 $123,782
2022 $1,437 $104,317 $11,994 $92,323
2021 $1,437 $104,317 $11,994 $92,323
2020 $1,437 $104,317 $11,994 $92,323
2019 $1,437 $104,317 $11,994 $92,323
2018 $1,146 $84,317 $11,994 $72,323
2017 $1,140 $84,317 $11,994 $72,323
2016 $1,108 $84,317 $11,994 $72,323
2015 $1,115 $84,317 $11,994 $72,323
2014 $953 $72,935 $11,994 $60,941
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3545776

Canopy MLS (Canopy Realtor® Association)

APN: 010-001