June 22, 2016

Restoration Opportunity!!! Circa 1900 Victorian Vernacular Home ~ Under $40K!

(Editor's Note 8/9/2016: This handsome home is now priced at $29,900!)

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 Historic District





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.



Located adjacent to the NC 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 $40,000!!!


This large circa 1900 Victorian-style farmhouse 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 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 show you the potential of this wonderful old house!




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


http://www.livingplaces.com/NC/Rowan_County/Spencer_Town/Spencer_Historic_District.html

http://www.rowancounty.info/spencer/History/Fowler_History_of_Spencer.pdf

http://www.nchistoricsites.org/spencer/main.htm


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!



602 4TH STREET
Spencer, NC 28159
$32,750
MLS #58869






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