NOT LISTED FOR SALE

505 N Main St China Grove, NC 28023

Estimated Value: $173,000 - $239,311

4 Beds
1 Bath
1,970 Sq Ft
$101/Sq Ft Est. Value

Last Sold March 13, 2024

Last sale price $182,000 $92 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,298/month

153 Days on Market

Highlights

  • Traditional Architecture
  • Laundry Room
  • Central Heating and Cooling System
  • 1 Car Detached Garage

About This Home

As of March 2024

Entrepreneurs, Business Owner's and Artisians, this very well may be the perfect opportunity for you! Charming two story four bedroom one bath home zoned both commercial and residential located in the heart of downtown China Grove. Only a 40 minute drive to Charlotte. A welcoming large rocking chair front porch and plenty of curb appeal leads to endless possibilities. Detached single car garage with attached workshop built in 1950. Primary Bedroom on main level. All four bedrooms are large rooms. Home is in livable condition as you update and renovate to your liking.

Last Listed By

Tracey Vail

Vail Realty LLC Brokerage Email: vailrealtync@gmail.com License #284947 Listed on: 09/08/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,291

Year Built

  • Built in 1900

Lot Details

  • 10,454

Parking

  • 1 Car Detached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Full Bathroom

Schools

  • China Grove Elementary And Middle School
  • South Rowan High School

Additional Features

  • Property is zoned CB / R02
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 101019

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,291

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1900
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 92.39
  • Geocode Confidence: Medium
  • Attribution Contact: vailrealtync@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1263
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 707
  • Appliances: None
  • Above Grade Finished Sq Ft: 1970
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 1970
  • Bedroom Main: 1
  • Room Count: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 528
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Detached Garage, Garage Door Opener, Garage Shop

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: China Grove
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.241
  • Lot Size Units: Acres
  • Parcel Number: 101019
  • ResoLotSizeUnits: Acres
  • Zoning Specification: CB / R02

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: China Grove
  • High School: South Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Mar 13, 2024
Sold by
Sain Jeffrey H and Florence Lorean
Bought by
Guzman Nelson Joel Salmero and De Salmeron Ana
Seller's Agent
Tracey Vail
Vail Realty LLC
Buyer's Agent
Kimberly McCullough
EXP Realty LLC Mooresville
List Price
$224,900
Sold Price
$182,000
Premium/Discount to List
-$42,900
-19.08%
Total Days on Market
153
Views
527
Current Estimated Value
$198,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,328
Avg. Annual Appreciation
8.05%
Original Mortgage
$175,700
Outstanding Balance
$173,619
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$24,709

Purchase Details

Closed on
Oct 28, 2020
Sold by
Sain David H
Bought by
Sain Jeffrey H

Purchase Details

Closed on
Mar 23, 2009
Sold by
Sechler Daisy R
Bought by
Moss Carol Ann Sechler and Sain Evelyn Viola Sechler

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Guzman Nelson Joel Salmero $182,000 None Listed On Document
Sain Jeffrey H -- None Available
Sain David H -- None Available
Moss Carol Ann Sechler -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Nelson Joel Salmero $175,700
Closed Guzman Nelson Joel Salmero $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2024 03/13/24 Sold $182,000 -15.3% $92 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
01/03/2024 01/03/24 Price Changed $214,900 -4.4% $109 / Sq Ft
01/03/2024 01/03/24 For Sale $224,900 +23.6% $114 / Sq Ft
12/30/2023 12/30/23 Off Market $182,000 -- --
12/01/2023 12/01/23 For Sale $224,900 0.0% $114 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
10/30/2023 10/30/23 Price Changed $224,900 -6.3% $114 / Sq Ft
09/08/2023 09/08/23 For Sale $239,900 -- $122 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

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
2024 $2,291 $212,146 $84,840 $127,306
2023 $2,291 $212,146 $84,840 $127,306
2022 $1,754 $144,073 $70,700 $73,373
2021 $1,725 $144,073 $70,700 $73,373
2020 $1,725 $144,073 $70,700 $73,373
2019 $1,725 $144,073 $70,700 $73,373
2018 $1,652 $134,998 $70,700 $64,298
2017 $1,652 $134,998 $70,700 $64,298
2016 $1,652 $134,998 $70,700 $64,298
2015 $1,677 $134,998 $70,700 $64,298
2014 $1,283 $106,012 $24,038 $81,974
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4066281

Canopy MLS (Canopy Realtor® Association)

APN: 101-019