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525 East Franklin Street

525 East Franklin Street, Salisbury, NC 28144
Commercial in Rowan
Local assessors in Salisbury, NC have categorized 525 East Franklin Street as a residential type of property. The home was built in 1994 and is 30 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 6,708 square feet. The linear feet between the front and back of the lot was measured at 134 ft and the front of the lot was measured at 50 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 525 East Franklin Street has a total of 936 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 525 East Franklin Street was last sold in Sep 19, 2023 for $98,500. According to our calculations, that's $105.24 per sqft. Prior to that sales transaction, the property was sold for $495,000 in Jun 23, 2022. Current property owners are expected to pay $1,231 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 525 East Franklin Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $102,898. To break that down further, the land itself was valued at $13,920. While improvements to the property were assessed at a total of $88,978. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210816
08/16/2021
Loft
-
-
$300,000
bedrooms
Loft
bathrooms
-
-
-
-
Jerry Davis
Stan Byrd & Associates

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C+
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,708
  • Lot Size Depth Feet: 134
  • Lot Size Frontage Feet: 50
  • Total Building Area: 936
  • Building Area: 936
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 936
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PT6

Ownership

  • Current Owner : NICHOLS CUSTOM BUILDERS & DESIGN INC
  • Previous Owner : ALBRICK ENTERPRISES LLC
  • Owner Before Previous Owner: YATES JAMIE L
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Rowan-Salisbury Schools
  • School Tax School District: CITY OF SALISBU
  • Census Tract: 050201

Geography

  • District: 1
  • Parcel: 016 055
  • Municipality: CITY OF SALISBURY
  • Latitude: 35.6665
  • Longitude: -80.4607

    Address

  • Full Address: 525 E Cemetary St
  • Address - House Number: 525
  • Street Direction: E
  • Address - Street Name: Cemetary
  • Address - Suffix Type: St
  • State: NC
  • City Name: Salisbury
  • Carrier Code: C002
  • 4-Digit Zip Code: 4512
  • Zip Code: 28144

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,231
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 101:SALISB

    Appraisal Valuation

  • Standard Deviation: 0.1041
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 89
  • Final Value: 94,218
  • High Value: 104,033
  • Low Value: 84,402

    Market Valuation

  • Market Total Value: $102,898
  • Market Land Value: $13,920
  • Market Improvement Value: $88,978

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,898
  • Assessed Land Value: $13,920
  • Assessed Improvements Value: $88,978

    Sales

  • Current Sale Contract Date: Sep 19, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Transaction ID: 11913382677
  • Current Sale Price: $98,500
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 30, 2022
  • Previous Sale Contract Date: Jun 23, 2022
  • Previous Sale Amount: $495,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: PEOPLES BANK
  • Previous Mortgage Transaction Date: Jun 30, 2022
  • Previous Mortgage Loan Amount: $396,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Salisbury



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 525 East Franklin Street located in?
The 525 East Franklin Street is a commercial located in the neighborhood of Rowan in Salisbury, Salisbury.
What is the average sales price for listings in 525 East Franklin Street?
The average sales price for units in 525 East Franklin Street is $0 currently.

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