408 South Ellis Street

408 South Ellis Street has been categorized by the local assessors in Salisbury, NC as a residential type of property. The building on the property was first built in 1992 and is 32 years old. However, we must point out that the home was most recently renovated and altered in 2005. 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, 408 South Ellis Street has 3,164 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 188 ft and across the front of the lot is 66 ft. The area measurement of the land has been determined as 12,415 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 A- by the local assessor. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing floor/wall 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, 408 South Ellis Street sold most recently in Aug 7, 2023 for a total of $160,000. If you work out the math, that's approximately a cost of $50.57 per sqft. 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 $4,084 in taxes each year. 408 South Ellis Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $341,446. If we break it down further, the land itself was valued at $28,512. Improvements to the property, however, were assessed at a total of $312,934. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.