NOT LISTED FOR SALE

912 Fairmont Ave Salisbury, NC 28144

Estimated Value: $187,000 - $213,000

3 Beds
1.5 Baths
1,162 Sq Ft
$171/Sq Ft Est. Value

Last Sold January 03, 2020

Last sale price $335,000 $288 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $1,172/month

142 Days on Market

About This Home

As of January 2020

Fabulous investor opportunity! Over 11% Gross CAP, tenant occupied & well maintained. These 4 properties are part of a larger 18 home portfolio. More homes may be purchased if desired. List price = 4 single family homes listed as units w/ details below. List Property is 1162 sq ft and rents for $900. 1st Unit is 602 W Council St Salisbury, NC. 2nd Unit is 621 N Fulton St Salisbury, NC. 3rd Unit is 202 N Merritt Ave Salisbury, NC. Properties are rented w/ history of steady tenants. Seller has renovated, rehabbed & maintained for lower maintenance costs & good rent rates. Sold in "as is, where is" condition. Inspections available upon request. Tenant occupied. No showings until contract acceptance. See size & rent rates in pictures & flyer on full portfolio in pictures & attachments. Disclosures for all properties are in attachments. See MLS#’s: 3519635, 3519641, 3519645, 3519650 & 3519666.

Last Agent to Sell the Property

Jill Miller

Helen Adams Realty License #245698 Listed on: 06/19/2019

Helen Adams Realty

Last Buyer's Agent

Todd Brower

RE/MAX Executive License #199514

RE/MAX Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Bedrooms and Bathrooms

Listing and Financial Details

  • Tenant pays for all except water
  • Assessor Parcel Number 01302401

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.03608
  • Ratio Close Price By Original Li: 1.00981
  • Ratio Current Price By Sq Ft: 288.30
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Sq Ft: 1162

Exterior Features

  • Construction Type: Site Built

Utilities

  • Water: City Water

Lot Info

  • Parcel Number: 01302401
  • Zoning Specification: R

Rental Info

  • Tenant Pays: All except water

Tax Info

  • Tax Value: 77006.00
  • Tax Location: Salisbury

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2019
Sold by
Scm Capital Llc
Bought by
Savis Properties Llc
Current Estimated Value
$199,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 1, 2015
Closed on
Jan 8, 2016
Sold by
Rymer Barry Lee and Rymer Amy F
Bought by
Steadfast Capital Management Llc
List Price
$79,900
Sold Price
$55,250
Premium/Discount to List
-$24,650
-30.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.42%
Original Mortgage
$49,725
Interest Rate
3.97%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Savis Properties Llc $335,000 Executive Title Llc
Steadfast Capital Management Llc $55,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savis Properties Llc $215,000
Previous Owner Steadfast Capital Management Llc $49,725
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/03/2020 01/03/20 Sold $335,000 +3.6% $288 / Sq Ft
11/21/2019 11/21/19 Price Changed $323,334 -2.5% $278 / Sq Ft
11/08/2019 11/08/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $331,744 +500.4% $285 / Sq Ft
04/18/2016 04/18/16 Off Market $55,250 -- --
01/08/2016 01/08/16 Sold $55,250 -30.9% $46 / Sq Ft View Prior Sale
12/09/2015 12/09/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $79,900 -- $67 / 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 $1,764 $147,450 $22,785 $124,665
2024 $1,764 $147,450 $22,785 $124,665
2023 $1,764 $147,450 $22,785 $124,665
2022 $1,284 $93,270 $19,110 $74,160
2021 $1,284 $93,270 $19,110 $74,160
2020 $1,284 $93,270 $19,110 $74,160
2019 $1,284 $93,270 $19,110 $74,160
2018 $1,046 $77,006 $19,110 $57,896
2017 $1,041 $77,006 $19,110 $57,896
2016 $1,021 $77,656 $19,110 $58,546
2015 $1,027 $77,656 $19,110 $58,546
2014 $1,055 $80,742 $19,110 $61,632
Source: Public Records

Agents Affiliated with this Home

  • Jill Miller

    Seller's Agent in 2020

    Jill Miller

    Helen Adams Realty

    (704) 724-0878

    172 Total Sales

    Jill Miller
    Section Image
  • Todd Brower

    Buyer's Agent in 2020

    Todd Brower

    RE/MAX Executives Charlotte, NC

    (704) 619-6915

    1 in this area

    105 Total Sales

    Todd Brower
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3519656

Canopy MLS (Canopy Realtor® Association)

APN: 013-02401

North Carolina Rowan County Salisbury 28144

912 Fairmont Ave, Salisbury, NC

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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