NOT LISTED FOR SALE

938 3rd St Spencer, NC 28159

Estimated Value: $193,000 - $224,151

2 Beds
1 Bath
1,500 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 16, 2018

Last sale price $75,000 $50 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $1,345/month

122 Days on Market

Highlights

  • Cottage
  • Separate Outdoor Workshop
  • Level Lot
  • Circular Driveway
  • Fireplace

About This Home

As of March 2018

Lovely cottage home in Spencer with huge detached workshop. House has 2 bedrooms and 1 bath, nice living room, dining room, kitchen, and back porch/den and a full unfinished basement. Double garage has loads of storage potential. Detached workshop/building was once used as a flower shop. Lots of potential! Let's take a look!

Last Agent to Sell the Property

Kay Dover

Dover Realty and Associates, Inc License #51505 Listed on: 10/23/2017

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • Level Lot

Parking

  • Circular Driveway

Home Design

  • Cottage

Interior Spaces

  • 1 Full Bathroom
  • Fireplace

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Listing and Financial Details

  • Assessor Parcel Number 034127

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.93867
  • Ratio Close Price By Original Li: 0.83426
  • Ratio Current Price By Acre: 125000.00
  • Ratio Current Price By Sq Ft: 50.00
  • Year Built: 1920
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Exhaust Hood
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Laundry Location: Main
  • Room Count: 1
  • Sq Ft Additional: 500
  • Main Level Sq Ft: 1500
  • Total Sq Ft: 1500
  • Sq Ft Unheated Basement: 1200
  • Sq Ft Unheated Total: 1200

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Workshop, Shed(s)
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Circular
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Dimension: 100x276x104x259
  • Lot Features: Level
  • Lot Size Area: 0.600
  • Parcel Number: 034127
  • Zoning Specification: SFR

Tax Info

  • Tax Value: 91011.00
  • Tax Location: Spencer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2021
Sold by
East Coast Drilling & Blasting Inc
Bought by
Thompson Allen David
Total Days on Market
122
Current Estimated Value
$205,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Outstanding Balance
$52,777
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$152,172

Purchase Details

Listed on
Oct 23, 2017
Closed on
Mar 15, 2018
Sold by
Eagle Oma Lee
Bought by
East Coast Drilling & Blasting Inc
Seller's Agent
Kay Dover
Dover Realty and Associates, Inc
Buyer's Agent
Non Member
Canopy Administration
List Price
$89,900
Sold Price
$75,000
Premium/Discount to List
-$14,900
-16.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.94%
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 Buyer Sale Price Title Company
Thompson Allen David $75,000 None Available
East Coast Drilling & Blasting Inc $75,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Allen David $30,000
Open Thompson Allen David $67,500
Previous Owner Eagle Oma Lee $11,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $75,000 -16.6% $50 / Sq Ft
02/22/2018 02/22/18 Pending -- -- --
10/23/2017 10/23/17 For Sale $89,900 -- $60 / 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
2024 $2,278 $201,612 $42,000 $159,612
2023 $2,278 $201,612 $42,000 $159,612
2022 $1,345 $102,446 $24,000 $78,446
2021 $1,345 $102,446 $24,000 $78,446
2020 $1,345 $102,446 $24,000 $78,446
2019 $1,345 $102,446 $24,000 $78,446
2018 $1,181 $91,011 $24,000 $67,011
2017 $1,181 $91,011 $24,000 $67,011
2016 $1,181 $91,011 $24,000 $67,011
2015 $1,199 $91,011 $24,000 $67,011
2014 $1,246 $97,502 $21,750 $75,752
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3331537

Canopy MLS (Canopy Realtor® Association)

APN: 034-127