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305 4th Street

305 4th Street, Spencer, NC 28159
Property in Downtown Spencer
Sold Aug 26, 2016
$99,000
$97,206 by Guaranteed Rate Inc
Mortgage Due Sep 01, 2046
Sold Feb 12, 2015
$30,000
305 4th Street has been categorized by the local assessors in Spencer, NC as a residential type of property. The building on the property was first built in 1910 and is 114 years old. However, we must point out that the home was most recently renovated and altered in 2002. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 305 4th Street has 1,760 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 6,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The exterior walls of the building are made of stucco. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 305 4th Street sold most recently in Aug 19, 2016 for a total of $99,000. If you work out the math, that's approximately a cost of $56.25 per sqft. Before that, the property was also sold for $30,000 in Feb 11, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,955 in taxes each year. 305 4th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $173,051. If we break it down further, the land itself was valued at $17,100. Improvements to the property, however, were assessed at a total of $155,951. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C+
  • Exterior Walls Type: Stucco
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,760
  • Building Area: 1,760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: A B ANDREWS JR
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT L19-20 BLKI 23 A.B. ANDREWS JR.

Ownership

  • Current Owner : WILSON MARY L
  • Previous Owner : HERRERA ANDREA G
  • Owner Before Previous Owner: TAYLOR KATHY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Rowan-Salisbury Schools
  • School Tax School District: TOWN OF SPENCER
  • Census Tract: 050700

Zoning

  • Zoning: R6:TWO FAM

Geography

  • District: 1
  • Parcel: 033 364
  • Municipality: TOWN OF SPENCER
  • Latitude: 35.6913
  • Longitude: -80.4355

    Address

  • Full Address: 305 4th St
  • Address - House Number: 305
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: NC
  • City Name: Spencer
  • Carrier Code: C003
  • 4-Digit Zip Code: 2217
  • Zip Code: 28159

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,955
  • Tax Rate Code Area: 103:SPENCE

    Appraisal Valuation

  • Standard Deviation: 0.3541
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 29
  • Final Value: 128,488
  • High Value: 173,986
  • Low Value: 82,989

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $97,206
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 26, 2016
  • First Open Lien Mortgage Loan Amount: $97,206
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2046

    Market Valuation

  • Market Total Value: $173,051
  • Market Land Value: $17,100
  • Market Improvement Value: $155,951

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,051
  • Assessed Land Value: $17,100
  • Assessed Improvements Value: $155,951

    Sales

  • Current Sale Contract Date: Aug 19, 2016
  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Transaction ID: 1755323435
  • Current Sale Price: $99,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Feb 12, 2015
  • Previous Sale Contract Date: Feb 11, 2015
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 26, 2016
  • First Mortgage Loan Amount: $97,206
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2046

About Downtown Spencer



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Frequently Asked Questions

What neighborhood is 305 4th Street located in?
The 305 4th Street is a located in the neighborhood of Downtown Spencer in Downtown Spencer, Spencer.
What is the average sales price for listings in 305 4th Street?
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