Check Availability

508 South Carolina Avenue

508 South Carolina Avenue, Spencer, NC 28159
Property in Downtown Spencer
Sold Sep 22, 2020
$154,000
Sold Aug 12, 2015
$147,500
508 South Carolina Avenue in Spencer, NC was first built in 1916 and is 108 years old. Although, the building on the property was most recently renovated and altered in 1995. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 508 South Carolina Avenue has 1,822 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,450. In total, the area measurement of the land is 7,250 square feet.

Learn more about the property and building on this page. The quality of the control joints have been graded by the local assessor with a letter grade of C+. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump. 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, 508 South Carolina Avenue sold most recently in Sep 22, 2020 for a total of $154,000. If you work out the math, that's approximately a cost of $84.52 per sqft. Before that, the property was also sold for $147,500 in Aug 10, 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 $1,752 in taxes each year. 508 South Carolina Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $155,058. If we break it down further, the land itself was valued at $18,000. Improvements to the property, however, were assessed at a total of $137,058. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 1916
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C+
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Unfinished basement
  • Basement Area: 552
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,250
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,822
  • Building Area: 1,822
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,822
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L8 BLK 38 ELIZABETH B. HENDERSON & MARY E. VANDERFORD

Ownership

  • Current Owner : GIBSON MICHAEL G
  • Current Owner 2: GIBSON TORI
  • Previous Owner : SALISBURY COMMUNITY DEVELOPMENT CORP
  • Owner Before Previous Owner: BANK OF NORTH CAROLINA
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R8:SINGLE

Geography

  • District: 1
  • Parcel: 033 352
  • Block: 38
  • Municipality: TOWN OF SPENCER
  • Latitude: 35.6909
  • Longitude: -80.4381

    Address

  • Full Address: 508 S Carolina Ave
  • Address - House Number: 508
  • Street Direction: S
  • Address - Street Name: Carolina
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Spencer
  • Carrier Code: C003
  • 4-Digit Zip Code: 2120
  • Zip Code: 28159

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,752
  • Tax Rate Code Area: 103:SPENCE

    Appraisal Valuation

  • Standard Deviation: 0.3541
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 29
  • Final Value: 185,986
  • High Value: 251,845
  • Low Value: 120,126

    Market Valuation

  • Market Total Value: $155,058
  • Market Land Value: $18,000
  • Market Improvement Value: $137,058

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,058
  • Assessed Land Value: $18,000
  • Assessed Improvements Value: $137,058

    Sales

  • Current Sale Contract Date: Sep 22, 2020
  • Current Sale Recording Date: Sep 22, 2020
  • Current Sale Transaction ID: 11788358946
  • Current Sale Price: $154,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 12, 2015
  • Previous Sale Contract Date: Aug 10, 2015
  • Previous Sale Amount: $147,500
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Sep 22, 2020
  • First Mortgage Loan Amount: $155,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Downtown Spencer



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 508 South Carolina Avenue located in?
The 508 South Carolina Avenue is a located in the neighborhood of Downtown Spencer in Downtown Spencer, Spencer.
What is the average sales price for listings in 508 South Carolina Avenue?
The average sales price for units in 508 South Carolina Avenue is $0 currently.

Nearby Counties
Quantcast