January 15, 2018

Investment Opportunity for Under $20K! Needs Work? Yes!

Roll up your sleeves, and get out your elbow grease...cuz this little vintage house is gonna need it!

The bad news:

This sweet little Victorian 1-story home at 509 E. Fisher Street, built about 1913 and located in the Brooklyn South Square Historic District of Salisbury NC, sustained a recent fire, and will require a complete gut job and rehabilitation. Coming to survey the home and its potential? Be very careful ~ some floors are NOT stable! And...bring your flashlight!




Ooops! Watch your step!
OK, so that was the bad news.


The good news: 

This home is like a clean slate...build it into what you envision!  From what we can tell, the home seems structurally sound - it doesn't list or tilt like some vintage homes (hey ~ it's been in this neighborhood for 105 years!) Local preservation grants are available to help with the costs of exterior improvements. Historic Salisbury Foundation Covenants and Restrictions will convey with the sale of this home.

With 1,900+ square feet, 3-bedrooms, and a single bath...this little house at 509 E. Fisher Street is an excellent investment opportunity! It is located close to shopping and restaurants, and close to public transportation. 

It's time to Make Offers!!!!! Call Realtor® Greg Rapp: (704) 213-6846 

Get some income rolling into your bank account with this great opportunity on an investment home at 509 E. Fisher Street!



509 E. Fisher Street
Salisbury NC 28144
CMLS#3346277
$19,500






Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 





January 14, 2018

Circa 1840 All-Brick Home ~ A Tyro NC Landmark ~ at a New Price!

The wonderful 3400+ square-foot, all-brick home, a former inn and plantation along what is known as the Great Wagon Road between Philadelphia and Atlanta, is now for sale at a new price: 

Just $235,000 for this circa 1840 home that has stood the test of time, and will for eons to come!

The Tyro Tavern & Plantation is listed on the National Register of Historic Places and has many a story to tell.



Original details abound in this wonderful home. Read more >HERE<.

And if historic inns are your thing, compare value >HERE<.

Call Greg Rapp, real estate agent with Wallace Realty, and historic home expert, awarded by the Historic Salisbury Foundation as Preservation Professional for the Marketing of Historic Properties: 704.213.6846. The home has so many wonderful details you will want to see for yourself...the photographs do not do it justice!









Tyro Tavern
4564 Hwy 150 S.
Lexington, NC 27295-5201
CMLS#3317319
$235,000






Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 





January 12, 2018

Circa 1910 in Prestigious West Square for Sale ~ A Restoration Awaits

This wonderful home in a prime location in the prestigious West Square Historic District in Salisbury North Carolina is on the market.

313 West Fisher Street is a lovely ca. 1910 2.5-story frame house set in a pretty landscape nestled into a neighborhood of homes that attract visitors from far and wide to the West Square. (The West Square is formally known as the Salisbury Historic District.) It was the first neighborhood in Salisbury to be designated as a historic district on the National Register of Historic Places in 1975 when the preservation movement first gained momentum in this city of vintage homes and is supported by a strong neighborhood association.

(Read the Salisbury Historic District Inventory, National Register of Historic Places here: http://www.hpo.ncdcr.gov/nr/RW0052.pdf)

This once marvelous home is a blank slate - other than the new roof installed in 2017 - and it's asking price of $99,000 reflects this (tax value at 313 W. Fisher Street is $167,579). At some unfortunate point in time, this nearly 4,000 square-foot house was divided into 3 apartments and will need complete rehabilitation and restoration. Fortunately, most of the original woodwork and floors remain. The home will need a new kitchen, baths, and mechanicals.

313 W. Fisher Street is in a fabulous location just doors from the Rowan Public Library, and blocks from the historic downtown center of Salisbury. A grand central park is planned across the street, expanding on where the small landmark Bell Tower Park currently exists.  Work has already begun on this sure-to-be-lovely central green-space in the downtown. You might be able to already picture yourself enjoying summer evenings on the wrap-around porch overlooking the park.

This home is surrounded by some of Salisbury's finer homes and is just waiting to join its peers! And not only is this grand vintage home priced well below its tax value of 167K, it is additionally is eligible for exterior grants through the City of Salisbury's Historic Preservation Grant program.  Additionally, this home's restoration will be eligible for North Carolina Historic Tax Credits.



These fine homes are neighbors of 313 W. Fisher Street


The Historic Salisbury Foundation is the owner of 313 W. Fisher Street, therefore the home is protected by covenants and deed restrictions. The neighborhood is zoned Historic Residential, so apartments are no longer and option for this home - it must be restored to a single family dwelling.The home is 'Sold As Is'.

313 W. Fisher Street, a prime address in Salisbury, North Carolina, is just waiting for the right person to breathe new life into its historic bones. At $99,000 and a new roof, a new beginning is in sight! To see and assess this fine potential, be sure to call Greg Rapp with Wallace Realty. A restorer of antique homes himself, Greg can give you honest dialogue about the project at hand.

Contact Greg Rapp at 704.213.6846 and make your appointment to be the next award-winning restoration project in Salisbury NC - at 313 W. Fisher Street.






313 W. Fisher Street
Salisbury NC 28144
CMLS#3349711
$99,000






Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 





January 08, 2018

New Price on this Amazing Circa 1880 Victorian Home!


The amazing and completely restored circa 1880 Mowery-Peeler House is for sale...and now at a new price!

This handsome two-story Italianate weather-boarded home at 229 S. Long Street in Salisbury, North Carolina was built by George Mowery after his wife purchased the entire block upon which the house sits in February 1880. And today. . . 136 years later, this fantastic home is for sale with Realtor® Greg Rapp. Call or text (704) 213-6846 to schedule your private showing of this gorgeous vintage home . . . and see all the beauty, character, and quality of construction this home has to offer!



The Mowery-Peeler House at 229 S. Long Street is located in the Brooklyn South Square Historic District of Salisbury, North Carolina, a town that boasts a preservation culture supported by 10 local designated historic neighborhoods. The Mowery-Peeler house represents the district's original Italianate architectural character at its height, characterized by a steep gable roof and a wonderful symmetrical composition dominated by a two-story projecting entrance bay, and tall interior chimneys. Its Italianate character is further demonstrated by the home's projecting side bays. The heavy, molded decorative brackets which adorn the roof, the porch, and the side bays, as well as the tall, paired one-over-one windows with slightly arched heads that grace each facade, are very typical in Italianate residential architecture. The expense and craftsmanship lavished on the exterior of this home offers testament to the prosperity and optimism of the era from 1840 to 1885 in the aftermath of the Civil War. You will love the home's striking and unique dual front porches with standing-seam metal roofs (longevity!), and beautiful dual bay alcoves projecting from the north and south facades.



This 2-story, 2,805 square foot home with 3 bedrooms and 2.5 baths boasts prized 10-foot ceilings throughout. Meticulously restored, the home retains many original details, including (5) fireplaces with original mantels. Step outside, through the kitchen door, and you'll find a wonderful Charleston-style back porch area with exposed brick wall that overlooks a private & scenic patio area. This L-shaped porch is a favored gathering place for both owners and guests. The home is located close to the center of downtown Salisbury, NC, where local restaurants and shops abound, and the arts and culture scene can't be beat.


Modern amenities at 229 S. Long Street include a huge kitchen with granite counters and an immense center work-island, the fenced yard, a wonderful laundry room, a newly rebuilt 2-car garage, and a new entertainment deck in the rear yard.

The Mowery-Peeler House, with all that it has to offer, is priced now at just $218,000. This is a most attractive price for such an excellent example of late 1800s residential architecture...and a fantastic home. To envision yourself living in this wonderfully restored Italianate Victorian, contact Realtor® Greg Rapp: (704) 213-6846. You'll soon be the owner of a prized piece of ca.1880 historic architecture in Salisbury North Carolina.



The Mowery-Peeler House ~ ca. 1880
229 S Long Street
Salisbury NC 28144-5017
CMLS#3311564
$218,000






Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 





January 06, 2018

Under Contract in 3-Weeks - Closed Just 4 Weeks Later

Listed with Greg Rapp of Wallace Realty on November 16th, this turnkey, all-electric, energy-efficient, all-brick home at 1105 Elizabeth Avenue in Spencer, North Carolina was under contract in just 3 weeks.  Four weeks later, the Greg closed on the sale of this pretty ranch-style home with wonderful masonry wood-burning fireplace and pretty bamboo floors.



Ranch homes are synonymous with laid-back living. They emphasize the family-friendly backyard, usually connected to the kitchen or dining area via a sliding glass door and a deck or patio. It’s hard to picture a ranch house without a barbecue grill out back, isn’t it? And this home is no different! 




1105 Elizabeth Avenue, an all-brick 1,328 square foot home, is Duke Power certified "Energy Efficient" and sits deeply on nearly .5 acre on quiet street backed with wooded acreage. The new owners will be able to enjoy boating, fishing, camping and water sports on nearby High Rock Lake and the Yadkin River, treat family and guests to visits to the NC Transportation Museum just up the road, or take in live theater, symphony, and restaurants in nearby Salisbury. The Lexington BBQ Festival, one of the Country’s most popular food festivals, happens annually in October just about 15 minutes away, and North Carolina's Blue Ridge Mountains are just a 2-hour drive to the west, while North Carolina ocean breezes are just a 4-hour drive to the east.






Greg Rapp, a leader in home sales in the Rowan County area, says that the home buying/selling market is 'moving along' and that people are ready to buy houses now. Additionally, local inventory, or homes available for sale, is low. This means that the Rowan County real estate market is in a 'seller's market', and because the buyers are here, this is the ideal time to list your property for sale. A seller’s market occurs when the demand for homes outpaces the available supply. In a seller’s market, homes don’t stay listed for long. Many homes sell in just weeks, while others take days or even hours. Many sellers even find themselves with the enviable problem of mediating a “bidder’s war”, juggling multiple offers. Not surprisingly, some of these homes even sell for over list price, as buyers offer top dollar. (Read more: https://www.upnest.com/1/post/what-is-a-sellers-market-in-real-estate/)

Are you ready see if Realtor® Greg Rapp can find a quick buyer for your home and turn the sale in just weeks like the transaction at 1105 Elizabeth Avenue? Give Greg Rapp a call at 704.213.6846 and list your home for sale in today's hot market!









1105 Elizabeth Avenue ~ SOLD
Spencer, North Carolina 28159
$104,900
MLS#3339144




Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 





January 05, 2018

Two Historic Inns on the Market - circa 1838 & 1840

A deal is in the works for a team to purchase and renovate the Colonial Inn, built in 1838 at 153 W. King St. in Hillsborough, North Carolina. The 10,000-square-foot Inn was once a hotel for travelers, later became a popular restaurant, and then fell into disrepair. The prospective owners plan to utilize historic preservation tax credits for this project.

State and federal tax credits are available for the renovation and repair of historic properties, although the federal historic tax credit, established in the 1970s, is at risk under the federal tax reform plan. That credit allows developers to deduct up to 20 percent of their eligible expenses for historic property projects.

The Colonial Inn is listed with Seagle and Associates for $875,000. (Read more here: http://www.heraldsun.com/news/local/counties/orange-county/article190234939.html)



If 10,000 square feet of circa 1838 inn, needing serious rehabilitation, with a price tag of $875K is a little rich for your blood, but you have already fallen in love with the double expanse of verandas spanning the front....do not despair.


Just up down the road from Hillsborough, and up the road from Salisbury NC...is the circa 1840 Tyro Tavern



This beautiful former stop along the Great Wagon Road was also once an inn, and the current owners could tell you many a story about its history before, through, and after the Civil War.


But, unlike the Colonial Inn, Tyro Tavern is completely restored, and is turn-key ready for you to move in! At 3416 square feet (really...do you need 10,000 square feet?), this all-brick 2.5 story former tavern and inn is a much more manageable historic gem, and its price tag is more manageable too! Now an impeccably finished 5-bedroom/2-bath home, the Tyro Tavern can be yours for just $250,000!




Call historic property expert Greg Rapp with Wallace Realty at 704.213.6846 for a tour of the Tyro Tavern at 4564 S. NC-Hwy 150 in Lexington, North Carolina. We know we are fortunate in North Carolina to still have these spectacular pieces of historic architecture still intact. Why not make one of them your? Those beautiful expanses of double verandas, an 1840s Inn, a Tavern, a home. What story will the next chapter in history tell? Yours?




4564 Hwy 150 S.

Lexington, NC 27295-5201
CMLS#3317319
$235,000





Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 




January 01, 2018

December 10, 2017

Arts & Crafts Brick Fulton Heights Home - SOLD with Greg Rapp



Greg Rapp, with Wallace Realty, just closed the deal on this beautiful Arts & Crafts brick home in the popular Fulton Heights neighborhood of Salisbury, North Carolina. This neighborhood is home to a treasure trove of beautiful houses dating from the 1900-1940 era. Realtor® Greg Rapp with Wallace Realty has earned the nickname "The Fulton Heights Expert", after a record of listing and selling homes in this national historic district.  Although this solid brick home is now off the market, you can still call Greg at (704) 213-6846 to find more homes for sale like the Arts & Crafts home at 216 Mitchell Avenue, the primary avenue through the neighborhood.  

Fulton Heights Historic District was one of Salisbury's Street Car subdivisions. Laid out in a grid, the neighborhood is interlaced with sidewalks creating a friendly atmosphere for walking and neighborhood activities.


About 1902, the Southern Development Company began building a new subdivision in Salisbury NC, Fulton Heights, located a mile south of the city. At the same time, Southern Railway was establishing a major maintenance facility in a new town, Spencer, three miles northeast of Salisbury. The Fulton Heights developers pushed for a streetcar system that connected their neighborhood to downtown Salisbury and Spencer. What strengthened the system was the steady expansion of the Southern Railway facility (and Spencer) and Fulton Heights (which added an amusement park). In fact, many managers of the railroad lived in Fulton Heights and commuted to work on the streetcar.




Mitchell Avenue was the site of the original trolley line, and the tracks are rumored to still be beneath the attractive planted medians that divide the avenue down its center. The streets are lined with homes that reflect nationally-popular architectural trends from the period spanning 1903 through the 1940s, most rendered as modest cottages and bungalows but also including a relatively small number of houses of the late Victorian era. An active neighborhood association plans ever-popular events such as annual Easter-egg hunts and a Halloween parade that attracts children from all points of Salisbury.  The neighborhood worked with the City of Salisbury to install a small neighborhood park ~ prized by the residents.


This beautiful 1860+ square foot home holds many original details from its 1921 beginnings, such as the original mantel piece, cabinets, and the original 4-over-1 Arts & Crafts style windows. Vintage, yes...but with modern updates including a new HVAC system and new electric panel.  More updated historic homes like this are available in Salisbury, in a wide range of pricing.

Make Fulton Heights Your Home


Isn't it time you took at look at the very popular Fulton Heights neighborhood ... and make one of these beautiful vintage homes your own?  If so, the time is right for you to call Greg Rapp at (704) 213-6846 to claim an Arts & Crafts beauty like the home at 216 Mitchell Avenue, Salisbury NC, SOLD by Greg Rapp!








Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net 






* porte-cochère: coach gate or carriage porch,; a porch or portico-like structure at a main or secondary entrance to a building through which a horse and carriage (or motor vehicle) can pass in order for the occupants to alight under cover, protected from the weather.

December 09, 2017

Winter is a Great Time to Purchase a Home!

Winter really can be a great time to purchase a home. Sellers are often more motivated and the holiday spirit just makes people want to be in a home. The combination of fewer buyers and slower business can mean lenders and real estate agents might compete a little harder for your business. Shopping for homes in the winter months also gives you a unique vantage point of a property.

So despite that December is usually when people are looking to deck their own halls—not buy new ones, buying a home in winter can be a smart move. Realtor® Greg Rapp at Wallace Realty, knows why winter may be the best season for buying or selling your home! Give Greg a call at (704) 213-6846 and you'll know why, too!

Many real estate agents will tell you that the holiday season represents a “lull” in the market. But savvy home buyers should look at the advantages of shopping during this season. Mortgage rates are still low - and there are other benefits to home-buying during the “lull” of December through January. 

Why Shop for a Home Now

There is much less competition. People know they are going to be busy or traveling during the holidays, so most deals have been wrapped up or people have put off looking until after the New Year. There are still homes on the market, but not as many people seeking them. This is an advantage to both buyers and sellers.

You might think inventory would be lower in a slow season, but that’s not necessarily true. And those sellers are often highly motivated. The homes available on the market during this season might be the homes that for some reason did not sell during the peak season. The sellers will want to get the deal closed before year end, especially for tax purposes. This is an advantage for buyers, especially if there are points to negotiate.

Some Realtors® love this time of year, because they know that people who are out looking in December are serious. As a buyer, your agent will have more time to focus on you, as opposed to other times of the year when they might be juggling multiple clients. You may not be able to close before the end of the year, but it’s an excellent time to get something under contract.

Buying in winter is also the ultimate litmus test for a home, since all the big systems such as heating, plumbing, roofing and gutters are being put to the test in the cold. Some of the curb appeal may be diminished, but fixing landscaping is a lot less expensive than finding out months later that your furnace doesn’t work.

Moral of the Story 

See what homes are on the market in Salisbury, North Carolina and surrounding areas this winter by calling the area expert Greg Rapp. Greg’s record in selling homes, and finding buyers what they need, is well-known in the area. You'll be HOME for the HOLIDAYS!! (704) 213-6846 ~ Call -OR- Text!



Adapted from an article by Pauline Millard / LearnVest , December 26, 2013, Forbes.com http://www.forbes.com/sites/learnvest/2013/12/26/why-wait-for-spring-winter-is-a-great-time-to-house-hunt/





Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 
www.realestatesalisbury.net