August 22, 2016

A Vintage Home in the Historic District ~ for under $90K! Visit Here!

Welcome to 801 N. Main Street in Salisbury North Carolina. 
Please come in . . . !

Thank you for visiting! 

Ready to read more?

Ready to see more?  

Call Realtor® Greg Rapp at (704) 213-6846 ~ 
and see all of the wonderful  historic 
homes-for-sale that Salisbury NC has to offer!

810 North Main Street
Salisbury NC 28144

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

August 21, 2016

400 JORDAN AVENUE Spencer, NC ~ For Sale with Greg Rapp

400 JORDAN AVENUE Spencer, NC is for SALE!!!

Not everyone is looking for the 'McMansion'!  Many don't mind...and even seek out...the modest, and AFFORDABLE, home! And here it is!

400 Jordan Street is a foreclosure. Don't walk away just yet! This doesn't mean that it's a hopeless case!

Roughly 7 million Americans lost their homes during the Great Recession. Now, seven years on, the first wave of those consumers might be ready to dip their toes back into the housing market, as their credit reports are finally clean of that negative entry. The group has been dubbed “boomerang buyers.”

400 Jordan Street is a good, solid home located on a wonderful corner lot in historic Spencer, home to the North Carolina Transportation Museum. This cute 3 bedroom/2 bath home offers a large master suite, an updated kitchen, a wonderful glassed-in sun porch and single car garage.

The partially fenced yard includes a storage building. Large old-growth trees shade the 1/3-acre yard.

There are pros of buying a foreclosure.  You may be able to purchase a home at a lower-than-market-value price. 400 Jordan Avenue carries a tax value of over $76,000 ~ yet is on the market at under $40,000!  Foreclosures can be found at all sorts of price points (starter homes, luxury homes, etc.) and sometimes are only in need of minor repair or upgrades.

With some sweat equity, repairs and upgrades, a homeowner can turn a foreclosure into a home and see some appreciation in the property's value.

With a little bit of elbow grease, 400 Jordan Street is the PERFECT starter home, with it's solid bones and good location.

What Makes a Foreclosure a Good Deal

When you are about to purchase a foreclosure, consider these 5 things:
1. “I love the property” is what you say after you’ve viewed it, driven the neighborhood, and investigated the property fundamentals. You love it because it is very close to exactly what you were hoping for in becoming a homeowner, or rental property owner.

2. “I plan to own it a long time” is what you say when asked. Regardless of how great a deal you think you are getting, the break-even point in ownership is really about five years. If you aren’t going to own it that long, you are most likely better off staying a renter. Remember the three most important words in real estate: long-term ownership

3. “It’s in pretty good shape” is what you say when your friends ask about the physical condition of the property. The vast majority of buyers have wildly low expectations of how much it costs to renovate a property. Renovations usually cost a lot more and take a lot longer than one believes, so let the contractors buy the fixer-uppers.

4. “The price is in line with comparable recent sales in the neighborhood” is what you find out when you do a comparable market analysis of nearby properties. Remember, if it sounds too good to be true, it probably is.

5. “Most of the nearby houses are occupied” by owners, or at least renters in the area. (Leonard Baron, MBA, Zillow Porchlight, '5 Signs a Foreclosure is a Good Deal', August 1, 2011

Call Greg Rapp with Wallace Realty to see the deal at 400 Jordan Avenue. Turn this foreclosure into a home and see some appreciation in the property's value! Call Greg at (704) 213-6846 today!

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

August 19, 2016

One Folk Queen Anne Victorian Sold...But Here is Another!

Call Greg Rapp!

The single story Queen Anne Victorian ~ not something you see every day ~ and a real treasure.

Welcome to Folk Queen Anne at 429 Park Avenue in Salisbury, North Carolina, just sold by Realtor® Greg Rapp of Wallace Realty. 
Architecturally, this fine restored vintage home is a one-story Queen Anne complete with many original features: original heart pine floors, unique to this region, and original moldings that have been restored in many rooms to a soft gleam. Five original coal burning fireplaces boast original mantels, beveled mirrors, tile work, and iron screens. Many original lighting fixtures are in place, as are original deep porcelain claw-foot bathtubs! Perfect for entertaining, 429 Park Avenue is a spacious dwelling with over 2300 square feet of living space. In addition, a 500 square foot wrap-around front porch is the most identifying feature of this showcase Queen Anne home, a wonderful area for entertaining or just relaxing, decorated in Victorian style with spindles and millwork.

The handsome Queen Anne at 429 Park Avenue, most recently the home of Historic Salisbury Foundation's Executive Director, is sold, thanks toGreg Rapp. . . but lovers of old houses and the special unique character of this style of home should not give up hope! Uniquely, there is another single-story Folk Queen Anne for sale in Salisbury...and in the heart of the historic downtown.

If you love the style of the Queen Anne, but single-story living is more appealing to you, you MUST check out the similar Victorian at 120 North Jackson Street.

The Circa 1899 John Whitehead House is For Sale in Salisbury North Carolina!

This house embodies the distinctive architectural features characteristic of modest Queen Anne style houses of that period, exhibiting asymmetrical massing, steeply pitched hipped roof with cross gables, a one story wrap around porch, and dominant front facing gables.

In 1923, the single-story Queen Anne Victorian home known as the John Whitehead House began to go through several changes in ownership. By 1986, the house was in dire straits and scheduled for demolition. In order to save the home, Historic Salisbury Foundation moved it to 120 North Jackson Street where it stands today ~ and is for sale via Greg Rapp with Wallace Realty (704.213.6846).

The John Whitehead House is listed with the National Register of Historic Places. Typical of a simple, yet well-finished, one-story Queen Anne Style cottage, 120 N Jackson Street has kept much of its original late 1800s integrity. It boasts a cross gabled roof and full width porch with turned posts and baluster as well as spindlework frieze.

This home at 120 N. Jackson Street, in its wonderful central downtown location, has been most recently used as law offices; its kitchenette and six spacious rooms made the home a perfect office setting. Yet,with minimal remodeling, The John Whitehead House is prime to be reestablished as a residential home (it will need a full-bath installed ~ it has one half-bath currently).

Inside, 120 N. Jackson Street is handsomely detailed with molded door and window framed and reeded wainscoting throughout. The mantels are simple but boldly detailed with a variety of molding patterns and bulls-eye ornaments. Solid four-panel doors have delicate brass hardware.

Like the design at 429 Park Avenue, the large center hall, nearly 40 feet long by 8 feet wide, is a room unto itself, handsomely separating the front and rear portions of the home by an opening fitted with glazed French doors and a handsome spindlework lunette. It opens to the front and rear of the house. The original door with tall arched lights remains at the rear entrance but the front door was replaced in an earlier remodeling, from what might have been a simple door and window surround, characteristic of Queen Anne houses, with elaborated pediments.

This historic home may appear small from the exterior, but once you step inside you'll see how spacious 2140 square feet, 3 bedrooms and 1 half-bath can be... including the Pullman kitchen ~ with its arched entry and efficient use of tiny space including built-in china cabinet and cream-colored cabinetry. And, with the sink nice and close to the stove, you don't have to haul meal preparations very far! This perfectly charming kitchen positions the sink near the window for a sweet view into the back garden.

You will love the large bay window nook in the front parlor. A similar nook can be found in the historic Stokes-Snider House, originally home to Dr. J. Ernest Stokes, one of the South’s eminent surgeons, and partner with Dr. John Whitehead, who together championed the Whitehead-Stokes Sanitorium, which grew over the years to a 60-bed hospital at the corner of North Fulton and Liberty streets. (The Stokes-Snider House at 324 N. Fulton, sold by Greg Rapp, is now gloriously restored to a bed & breakfast called 'Across The Pond'. Stories passed down through time tell us that Dr. Snider's wife would sit in the 'nook' and watch for patients coming up the path!)

This 1899 home is in one of the BEST locations! Right in downtown historic Salisbury, but just off the main corridors, the new owners will be walking to restaurants, shopping, and Salisbury's thriving art scene that includes three community theatre troupes, a nationally accredited art gallery, and numerous arts events, live music, and individual galleries.

The Folk Victorian home at 429 Park Avenue might be off the market, but hold tight...the beautifully preserved Queen Anne at 120 N. Jackson Street is ready to be your next home . . . as a live-work potential right in thriving downtown Salisbury, or can be purely a home for your business. Let Greg Rapp know your vision...and make an appointment to see this piece of North Carolina history...and make it your own! Call Greg ~ well known for being Salisbury/Rowan County's #1 purveyor of historic properties ~ (704) 213-6846. This house is perfect for the historic home buff with a bug for preservation!

120 N. Jackson Street 
Salisbury NC 28144 


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

August 09, 2016

The Restoration Enthusiast's Dream Come True ~ A Circa 1900 Victorian for Under $30,000 ~ Spencer NC

Located adjacent to the North Carolina Transportation Museum, the Spencer National Historic Register District is the largest contiguous district in North Carolina. It contains 322 residential and commercial buildings primarily constructed between 1905 and 1920 to provide support and housing for the workers of Southern Railway’s former steam locomotive repair facility.

And in the heart of the Spencer Historic District is a restoration enthusiast's dream come true:  A lovely two-story Victorian for...wait for it...under $30,000!!!

This large circa 1900 Victorian farmhouse-style home at 602 4th Street was formerly a duplex and therefore has suffered a bit of 'the tenant blues', and has two kitchens. However, this 2296 square-foot home retains many of its original details: tall ceilings, several fireplaces (not currently functional) with original mantels, beadboard woodwork and original trim, and even an original clawfoot bathtub! This home is begging for a restoration and, as historic property expert Greg Rapp with Wallace Realty says, "promises to be stunning once it is refurbished!"

This 602 4th Street Victorian sits on a deep, treed lot on a street lined with pretty historic homes from the era. Close to shopping and an adorable town park, you'll love the vintage small town character. Let Greg Rapp [704-213-6846] show you the potential of this wonderful old house!

Welcome to the Town of Spencer, quietly nestled in the heart of the Piedmont just hours away from your choice of the Blue Ridge Mountains or the coastal beaches of North & South Carolina. Residents of Spencer, North Carolina pride themselves ourselves on maintaining their small town atmosphere, while offering the convenience of major cities such as Charlotte and Winston-Salem only 30 minutes away, and lovely historic Salisbury at its south border. 

The town was named for Samuel Spencer, first president of the Southern Railway, who is credited with establishment of the railroad's mechanical shops at the site in 1896. As the shops were being built the Southern Railway developed a town, also named Spencer, alongside the shops for worker housing. Initially, the Southern partitioned 85 acres into 500 lots. Instead of creating a traditional "company" town in which the workers rented houses Southern sold the lots to workers or businesses for $100 apiece. The deeds did contain restrictive covenants which maintained that a dwelling costing in excess of $400 and approved by a Southern appointed architect be built within a year. By 1901, Spencer had 625 residents. The former Spencer Shops were phased out during the 1950s through 1970s and have now become the location of the wonderful North Carolina Transportation Museum.

Spencer became the first “development of consequence” to this area when the Southern Railway Company chose to locate this service yard centrally between Washington, DC and Atlanta. Established in 1905, the township that resulted remains loyal to its heritage – boasting the largest contiguous historic district in the state of North Carolina.

Here are some very interesting links to the Town of Spencer NC and its history:

The Spencer Shops continue to serve as a reminder to the town’s origin, now serving as the site of the North Carolina Transportation Museum. Those activities of preservation and renovation have spilled over into the community as well, bringing about a sense of pride that has become a vital part of everyday life. 

So. . . when you are ready to enjoy the tree-lined streets and friendly atmosphere, downtown shops and community events, give Realtor® Greg Rapp a call. As the town slogan says, “Come, sit a spell… we hope you’ll decide to stay”.  And Wallace Realty agent Greg Rapp hopes you'll call him to stay in 602 4th Street and make it your home!

Spencer, NC 28159
MLS #58869

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

August 05, 2016

Under Contract in 10 Days ~ & Another Property SOLD by Realtor® Greg Rapp

This pretty, gently rolling, 19.94 acres with a pond and stream at 350 Alana Drive in Rockwell NC didn't stay on the market long!  Listed with Greg Rapp of Wallace Realty on May 10th...and under contract on May 20th, this great piece of land is SOLD! Maybe it's time to list your property with Realtor® Greg Rapp...and see if the same can happen for you!

This very nice piece of property included 2 parcels and although it is bedecked with a good many small outbuildings and a tumble-down house, the listing was sold as 'land- only'.  This can typically happen when the house and outbuildings have no value and the property is sold 'as-is'. 

What's the moral of the story here? 

List your property with Greg Rapp of Wallace Realty

Whether it's a residential home, a spread of land, or a commercial site...Greg is the one to get that property of yours SOLD!

Make it happen at (704) 213-6846!  Call or text!

Make it happen sooner rather than later!!

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

August 02, 2016

Elegant c. 1927 Prairie-School Four-Square in Fulton Heights!

Realtor® Greg Rapp with Wallace Realty has just listed this elegant c. 1927 Prairie-School style Four-Square in Fulton Heights!  

Welcome to the C.L. Stoner House at 410 Mitchell Avenue!

Fulton Heights Historic District, roughly bounded by Fulton Street, Heilig Avenue, Ridge Avenue, and Boyden Street, with Mitchell Avenue as the main spine.  The Fulton Heights neighborhood is a highly desirable area in Salisbury, North Carolina, close to schools, shops, restaurants, and the arts, with a vibrant neighborhood association that plans events and keeps a sharp out for safety and livability in the neighborhood.

The Salisbury streetcar line, installed in 1901, provided transportation beyond the town's limits and to-and-from the Spencer Shops, a famous railroad repair facility that provided employment for many area workers. Other North Carolina extra-urban streetcar services were in the city of Wilmington where the streetcar serviced the neighborhoods of Carolina Heights (begun in 1908) and Carolina Place (begun in 1909) and continued to nearby Wrightsville Beach. 

With extra-urban transportation such as this, the construction of larger homes was encouraged in suburban areas, breaking the traditional pattern of development in which the more impressive dwelling places were located only in the downtown areas. This is true for the Fulton Heights neighborhood, the city of Salisbury's first suburb, that was connected to downtown Salisbury and the Spencer Shops via the Salisbury streetcar line ~ and the large brick home at 410 Mitchell Avenue is a prime example of such!

The historic neighborhood of Fulton Heights, whose period of architectural significance is from 1903-1948, is arranged in a grid pattern of about 400 homes and includes an inviting neighborhood park that residents funded and had built. Contributing architectural styles are predominantly Colonial Revival, the Bungalow / Craftsman, and Tudor Revival.

The C. L. Stoner House, circa 1927, is built in the Prairie School style as seen in four-square-form brick houses, with wide eave overhangs beneath a hipped main block roof and a porch roof supported by a substantial brick porch.  

Lots of American Arts & Crafts influences can be found in this wonderfully spacious 3253 sq ft home, including beveled glass at every turn, built-in bookcases flanking masonry fireplaces, gleaming wood floors throughout, and a deep tile front porch. And how about that front porch!

The front-gable wrap-around porch has a deep covered area, almost like an outdoor room, with width and breadth enough for three-season entertaining. The porch then wraps around the front of the home where an uncovered area awaits for the sun lovers, both plants and people!

Double French doors frame the huge living room! This wonderful front room spans nearly the entire front of the home ~ a versatile expanse of 28'x14' space with built-in bookcases flanking a masonry fireplace.

A study positioned to the front of the living room overlooks the planted median along Mitchell Avenue that replaced the streetcar track that ran from 1906 to 1938 through the 200 - 400 blocks of this main artery through the neighborhood. A handsome set of double doors takes you back out to that magnificent porch from this bonus room. (The landscaped median was installed c. 1938 over the streetcar tracks which were extended into the neighborhood in 1906.)

The spacious foyer creates another 'room'  with a French door entry to the living room, the handsome staircase to the upper level, and a hall to the kitchen and main floor bath ~ which was recently completely remodeled with subway tile walk-in shower, wainscoting, and other period details. 

A second set of French doors leads from living room to the gracious dining room streaming with natural light. This sunny room provides an entire wall of beautiful built-in china and storage cupboards and sideboard with wall sconces.

From the dining room, enter the high-ceiling'ed kitchen that features a breakfast room with built-in banquette, lovely glass-front corner cabinets, and granite counters.  The striking period trim and moldings in this sophisticated space hold a rich stained and are not painted ~ a rare find! 

A large pantry holds more dry goods and cookware, and leads to a large unheated back room or enclosed porch ~ a great garden room or hobby/play area ~ which then leads to the deep back yard and storage shed.

A large guest bedroom is located on the main floor.

Upstairs a large landing greets you and takes you to the three upstairs bedrooms.  The landing effectively cordons off a distinct Owner's Suite that spans the entire west side of the home.

The Owner's Suite includes the large bedroom with masonry fireplace, leading through more French doors to a sitting room that current owners used as a home office. Another small bonus room could be dressing area or walk-in closet, and leads to a bright and airy upstairs laundry room with more built-in cupboards.

The remaining two bedrooms also offer walk-in closets (one is large enough to have been used as a cute playroom!) and stream with natural light through beautiful large windows.

Absolutely nothing needs to be done to this beautiful home ~ just call the movers! 

Current owners invested in many updates: All plumbing, previously cast iron, has been replaced, the downstairs bath completely renovated, the custom kitchen banquette is new, new HVAC, new attic fan, and new terra cotta tiles on the front porch.  The driveway is newly poured concrete. An unfinished basement is perfect for a workshop!

You've heard the 'must-see' phrase many a time, we're sure... but really...this fabulous home and its many details are best seen in person.  Make an appointment with Greg Rapp, (704) 213-6846, for a showing. 

410 Mitchell Avenue
Salisbury NC 28144

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