$195,500
SOLD APR 25, 2023

805 5th St Spencer, NC 28159

4 Beds
2 Baths
1,700 Sq Ft
0.67 Acres

Recently Sold

$115 Per Sq Ft

2% Below List Price

Highlights

  • 0.67 Acre Lot
  • Attic
  • Arched Doorways
  • Wood Flooring
  • No HOA
  • More Than Two Accessible Exits

About This Home

As of April 2023

Charming brick home offers lovely wood floors, built-ins, gas fireplace and so much more. The large rear deck overlooks the back yard with a chain link fenced area for garden, pets, etc. The large basement can be accessed from interior or exterior and has a garage door. The back yard includes a separate, same size lot directly behind the one with the home, totaling approximately .665 Ac. A bit of cosmetic work will make this inviting home YOURS!

Last Agent to Sell the Property

Mary Arey

Arey Realty License #56214 Listed on: 03/02/2023

Co-Listed By

Ken Harmer

Arey Realty License #247880

Last Buyer's Agent

NONMEMBER NONMEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,024

Year Built

  • Built in 1940

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 100 x 290
  • Level Lot

Parking

  • 1 Car Garage
  • Basement Garage
  • Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,555 Sq Ft Home
  • 1,300-1,700 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Arched Doorways
  • Living Room with Fireplace
  • Walk-In Attic
  • Dishwasher
  • Unfinished Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Chute
  • Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits

Schools

  • North Rowan Middle School
  • North Rowan High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 033 116
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,024

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.665
  • Lot Size: 100 x 290
  • Co List Office Mls Id: WAREYR01
  • Co List Office Phone: 704-633-5334
  • Subdivision Name: None
  • Directions: I85 South to Exit 81; left onto Salisbury Avenue half mile +/-; right onto Jefferson St; Left onto Whitehead; left onto 5th Street. Home on right.
  • Above Grade Finished Sq Ft: 1555
  • Unit Levels: One and One Half
  • Structure Type: House
  • Year Built: 1940
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 1300 - 1700
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Range, Gas Water Heater
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Arched Doorways, Built-in Features, Ceiling Fan(s), Dead Bolt(s)
  • Accessibility Features: 2 or more Access Exits
  • Has Basement: Unfinished, Basement, Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • Living Area: 1555
  • Main Level Bathrooms: 1
  • Attic Description: Floored Attic, Walk in Attic
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: Yes
  • TRIADMLS_FullBathsUpper: 1

Exterior Features

  • Exterior Features: Garden
  • Lot Features: Level, Sloped
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Driveway, Basement
  • Garage Description: Basement Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Laundry Chute, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: North Rowan
  • High School: North Rowan
  • Middle Or Junior School: North Rowan

Lot Info

  • Parcel #: 033 116
  • Zoning: SFR
  • TRIADMLS_PricePerAcre: 293984.9624
  • TRIADMLS_DeedPage: 99
  • TRIADMLS_DeedBook: 1259
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 1023.58
  • Tax Map Number: 033 116
  • Tax Year: 2022
  • TRIADMLS_TaxRate: 1.3125

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2023
Closed on
Apr 5, 2023
Sold by
Stevens Brenda S
Bought by
Marlin Corey Eugene
Seller's Agent
Mary Arey
Arey Realty
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$199,900
Sold Price
$195,500
Premium/Discount to List
-$4,400
-2.2%
Views
218
Current Estimated Value
$208,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,049
Avg. Annual Appreciation
2.90%
Original Mortgage
$197,500
Outstanding Balance
$191,931
Interest Rate
5.4%
Mortgage Type
New Conventional
Estimated Equity
$16,618

Purchase Details

Listed on
May 23, 2014
Closed on
Sep 24, 2015
Sold by
Fisher Safieh M and Carter Elizabeth Clement
Bought by
Stevens Brenda S
List Price
$87,500
Sold Price
$75,000
Premium/Discount to List
-$12,500
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.45%
Original Mortgage
$75,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 $195,500 --
Warranty Deed $75,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $197,500 New Conventional
Previous Owner $96,000 New Conventional
Previous Owner $75,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $195,500 -2.2% $150 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
03/04/2023 03/04/23 For Sale $199,900 +166.5% $154 / Sq Ft
12/25/2015 12/25/15 Off Market $75,000 -- --
09/25/2015 09/25/15 Sold $75,000 -14.3% $51 / Sq Ft
09/14/2015 09/14/15 Pending -- -- --
05/23/2014 05/23/14 For Sale $87,500 -- $59 / Sq Ft
Source: Triad MLS

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 $2,062 $182,437 $27,000 $155,437
2023 $1,713 $151,592 $27,000 $124,592
2022 $1,024 $77,987 $21,750 $56,237
2021 $1,024 $77,987 $21,750 $56,237
2020 $1,024 $77,987 $21,750 $56,237
2019 $1,024 $77,987 $21,750 $56,237
2018 $905 $69,765 $21,750 $48,015
2017 $905 $69,765 $21,750 $48,015
2016 $905 $69,765 $21,750 $48,015
2015 $919 $69,765 $21,750 $48,015
2014 $984 $76,959 $21,750 $55,209
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Triad MLS

MLS Number: 1098402

Triad MLS

APN: 033-116