NOT LISTED FOR SALE

938 Lincolnton Rd Salisbury, NC 28144

4 Beds
2 Baths
2,302 Sq Ft
1940 Built

Last Sold April 15, 2022

Last sale price $165,000 $72 Per Sq Ft

7 Days on Market

Highlights

  • Community Pool
  • Laundry Room
  • Central Heating
  • Covered Patio or Porch
  • Picnic Area
  • Dog Park

About This Home

As of April 2022

HIGHEST & BEST OFFERS DUE 3/18/22 11:59:59 EST. Tenant Occupied month to month leases. DO NOT DISTURB TENANTS. NO Site Visits or Showings until Contract. Start an investment portfolio or add to it. Live in one side rent one side. Low maintenance with vinyl replacement windows, vinyl siding, & vinyl/metal wrapped trim. No Carpet with laminate wood and tile throughout! All Electric, HVAC Heap Pumps Roof 2014, Heat Pump with central air & central heat, low maintenance, low utility bills, close to everything. Managed by Chambers Realty, a local real estate firm. Cash Flow 1-1-2 thru 12-31-21 - Rent Income $15,120 - Expenses $3,590 = Net Operating Income $11,530. 938 Lincolnton Rd. 1,167 ft2, 2BR 1 BA, $625/mo. 936 Lincolnton Rd. 1,135 ft2, 2BR 1BA $635/mo. Tenants are responsible for all utilities, landlord is responsible for lawn care. Very close to Downtown Salisbury & brand new Bell Tower Park & very close to Fulton Heights Eaman Park redevelopment right down the street

Last Agent to Sell the Property

Keith Knight

Wallace Realty License #200248 Listed on: 03/14/2022

Last Buyer's Agent

Cortez Ferrell

Blaque Tie Realty Group LLC License #316742

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2,302 Sq Ft Home
  • Insulated Windows
  • Living Room with Fireplace
  • Laminate Flooring
  • Crawl Space
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Lot Details

  • Lot Dimensions are 63x271
  • Level Lot
  • Cleared Lot

Schools

  • Elizabeth Koontz Elementary School
  • Knox Middle School
  • Salisbury High School

Utilities

  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, garbage pick-up, water, all utilities
  • Rent includes exterior maintenance, interior common lights, management
  • Assessor Parcel Number 013109

Community Details

Recreation

  • Community Pool
  • Dog Park

Additional Features

  • 2 Units
  • Picnic Area

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1940
  • Ratio Current Price By Acre: 402439.02
  • Doors and Windows: Insulated Windows
  • Road Surface Type: Dirt, Gravel, Shared
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Laminate
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Back,Covered,Front
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Living Area: 2302
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 1167
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 1135

Exterior Features

  • New Construction: No
  • Tax Location: Salisbury
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Space - 4+

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level, In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Dog Park, Outdoor Pool, Picnic Area, Sidewalks, Street Lights
  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Units: Acres
  • Parcel Number: 013109
  • Lot Size: 63x271
  • Zoning Description: GnRs6/ac

Rental Info

  • Rent Includes: Exterior Maintenance, Interior Common Lights, Management
  • Tenant Pays: Cable TV, Electricity, Garbage Pick-up, Water, All Utilities
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 1.46729

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2

MLS Schools

  • Elementary School: Elizabeth Koontz
  • High School: Salisbury
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2022 04/15/22 Sold $165,000 +11.7% $72 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $147,777 -- $64 / 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 $2,125 $177,703 $19,586 $158,117
2024 $2,125 $177,703 $19,586 $158,117
2023 $2,125 $177,703 $19,586 $158,117
2022 $1,387 $100,714 $19,586 $81,128
2021 $1,387 $100,714 $19,586 $81,128
2020 $1,387 $100,714 $19,586 $81,128
2019 $1,387 $100,714 $19,586 $81,128
2018 $1,306 $96,135 $19,585 $76,550
2017 $1,299 $96,135 $19,585 $76,550
2016 $1,264 $96,135 $19,585 $76,550
2015 $1,271 $96,135 $19,585 $76,550
2014 $1,047 $80,100 $18,860 $61,240
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3838457

Canopy MLS (Canopy Realtor® Association)
Your Personal Tour Guide

Ask me questions while you tour the home.