NOT LISTED FOR SALE

740 Rainey Rd Salisbury, NC 28146

Estimated Value: $347,254 - $385,000

3 Beds
2 Baths
1,875 Sq Ft
$198/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $340,000 $181 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,071/month

35 Days on Market

Highlights

  • Wood Burning Stove
  • Wooded Lot
  • Wood Flooring
  • Private Lot
  • Ranch Style House
  • Separate Outdoor Workshop

About This Home

As of June 2022

Countryside home that features plenty of space including a large living room, billiard/sunroom, 1.8 acres of privacy and a separate 4 car garage! Home has been very well maintained with all records accessible upon showing. A couple of minutes from downtown Faith and only 10 minutes from the interstate. Schedule your showing today!

Last Agent to Sell the Property

Robbie Bendig

Lantern Realty & Development LLC License #303589 Listed on: 05/25/2022

Last Buyer's Agent

Tammie Fiorella

NuVue Properties LLC License #215868

NuVue Properties LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1980

Lot Details

  • Private Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,875 Sq Ft Home
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Home Security System
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Garage
  • Driveway

Outdoor Features

  • Separate Outdoor Workshop
  • Shed
  • Outbuilding
  • Rear Porch

Schools

  • Faith Elementary School
  • Southeast Middle School
  • Jesse Carson High School

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 355094

Home Details

Home Type

Single Family

Year Built

Built in 1980

Lot Details

1.8 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1980
  • Ratio Current Price By Acre: 188888.89
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cable Available, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1875
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 0
  • Second Living Quarters Sq Ft: 0
  • Porch: Back
  • Appliances: Ceiling Fan(s), Dishwasher, Electric Range, Exhaust Fan, Microwave, Refrigerator, Security System
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning, Wood Burning Stove
  • Living Area: 1875
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Auto Shop, Outbuilding(s), Packing Shed, Shed(s), Workshop
  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Detached, Driveway, Garage - 2 Car, Garage - 4+ Car

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Well

Schools

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

Lot Info

  • Lot Features: Cleared, Level, Private, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 355094
  • Zoning Description: Res

Tax Info

  • RATIO List Price By Tax Amount: 1.82950

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Faith
  • High School: Jesse Carson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Jun 24, 2022
Sold by
Robert E Morris Revocable Living Trust
Bought by
Mitchell Corey and Kelly Markeeta
Seller's Agent
Robbie Bendig
Lantern Realty & Development LLC
Buyer's Agent
Tammie Fiorella
NuVue Properties LLC
List Price
$300,000
Sold Price
$340,000
Premium/Discount to List
$40,000
13.33%
Current Estimated Value
$372,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,064
Avg. Annual Appreciation
2.51%
Original Mortgage
$311,355
Outstanding Balance
$296,204
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$75,860

Purchase Details

Closed on
Jul 20, 2006
Sold by
Morris Robert Earl
Bought by
Morris Robert E

Purchase Details

Closed on
Mar 15, 2005
Sold by
Poole Danny L and Poole Christina
Bought by
Morris Robert Earl
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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Purchase History

Date Buyer Sale Price Title Company
Mitchell Corey $340,000 Norwood Armstrong & Stokes Pll
Morris Robert E -- None Available
Morris Robert Earl $152,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Corey $311,355
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2022 06/29/22 Sold $340,000 +13.3% $181 / Sq Ft
05/25/2022 05/25/22 For Sale $300,000 -- $160 / 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 $1,874 $279,665 $45,440 $234,225
2024 $1,874 $279,665 $45,440 $234,225
2023 $1,874 $279,665 $45,440 $234,225
2022 $645 $163,979 $34,468 $129,511
2021 $1,226 $163,979 $34,468 $129,511
2020 $645 $163,979 $34,468 $129,511
2019 $645 $163,979 $34,468 $129,511
2018 $623 $154,157 $34,468 $119,689
2017 $623 $154,157 $34,468 $119,689
2016 $1,143 $154,157 $34,468 $119,689
2015 $1,160 $154,157 $34,468 $119,689
2014 $1,162 $161,424 $34,468 $126,956
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3865126

Canopy MLS (Canopy Realtor® Association)

APN: 355-094

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