April 18, 2019

7 Days on the Market and SOLD! BOOM!

The sale on this beautiful Vernacular Victorian in Salisbury, North Carolina's Brooklyn South Square Historic District closed today.

Realtor® Greg Rapp with Wallace Realty listed this 4-bedroom, 2600+ square foot house on February 24th . . . and by March 13th, the circa 1900 Keen-Bostian House was under contract. Today . . . the new owner has the keys!

Located in one of Salisbury's (10) historic districts, this home's location is a neighborhood known for its Civil War history (and on the Civil War Trail), and is within walking distance to Salisbury's award-winning downtown featuring an array of wonderful restaurants, three community theaters, museums, breweries, shops and new dog park. Many of the historic districts are in close proximity to the downtown here, radiating out from the city center, and offer the same amenities.

In addition, when you purchase a home in one of Salisbury's historic neighborhoods, you are eligible to take advantage of the City of Salisbury Historic Preservation Grants and NC Historic Tax Credits for exterior improvements. What's not to love??!!

Thinking of moving to Salisbury NC, where the historic preservation culture is alive and well, maybe to own your own vintage home? Give Greg Rapp a call - the real estate agent recognized as the area's expert on historic neighborhoods and properties. Ready to sell? Get the same quick turn-around that Greg is noted for: List your home by calling 704.213.6846. BOOM!

328 E. Bank Street
Salisbury NC 28144
$179,900 SOLD!!!

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

#SellingSalisbury #HomesforSale #RealEstateSalisbury #OldHouseGuy #GregRappRealtor #ListWithMe #SalisburyNC

April 14, 2019

Air BNB? A Bed & Breakfast? The Fabulous Victorian You Always Wanted?

The Iconic circa 1909 J.R. Chapman House is for sale ~ now at $175,000!!  *See note.

If you love soaring ceilings, turrets, sweeping wrap-around porches, and long, tall windows, you're going to fall head-over-heels for this Spencer, North Carolina Victorian home listed For Sale with Greg Rapp of Wallace Realty. The inside of this massive Victorian home (4,922 square feet!) is chock full of all the things we love about old houses: hardwood floors, French doors, fireplaces with original mantels, and chair rails. This solid nearly 5000 square-foot ca.1909 Victorian home at 500 S. Carolina Avenue has it all!  And the best part?  This iconic home is priced at UNDER $180K!

Welcome to the J.R. Chapman House:

Spencer, North Carolina holds the largest contiguous National Historic District in the country. In addition to an expansive collection of vintage homes up and down its avenues, Spencer is home to the wonderful North Carolina Transportation Museum. Spencer’s Historic District reflects the wealth that the birth of the railroad brought, and is a unique example of a railroad town from the latter part of the Gilded Age. Great time and detail were put into building each house and these dwellings represent a historic era when the railroad industry was America’s moneymaking powerhouse.

Set with its narrow side to Carolina Avenue, its rounded veranda facing the corner, and broader facade with its fabulous projecting bay to Fifth Street, this picturesque Victorian home at 500 S. Carolina Avenue is an old-house-lover's dream. The most prevalent and impressive feature of the house is the three-stage corner tower. Originally capped by a conical roof, it currently retains a bell-cast top over the pressed-tin shingled third stage. Stone lintels and sills secure all of the windows.

Ionic columns uphold the sweeping wrap-around veranda which curves at the corner; porch entries have shallow gables. Two second-story doors indicate that the porch was originally topped with a balcony. If this impressive facade is not enough to set you swooning, the interior with glistening wood floors, 12-foot ceilings, period millwork, and tall windows certainly will.

Circa 1909 J.R. Chapman House is listed on Historic National Register as "One of Spencer's most imposing Queen Anne residences". This three-story brick dwelling at 500 S. Carolina Avenue was run as a boarding house* in its early years. The spacious kitchen with its robin's-egg-blue cabinetry is across the hall from a massive dining room that was surely designed to entertain numerable guests. A 'pass-through' can still be found across from the kitchen along the dining room wall. The granite block fireplace in this room was constructed from bricks removed from the rear of the 2-car detached garage.

Inside the front door of this impressive brick and pressed-tin home, a large formal foyer awaits, with one of the home's two staircases garnered with handsome newel posts leading to the second floor. To your right, the formal circular parlor with elegant, tall windows treats you to your first glimpse inside the turret.

A grand 8-foot-wide central hall dominates the first floor, separating the turret parlor, the main floor owner's bedroom with en suite bath, and massive dining room to one side, and kitchen, pantry, laundry room, and bath to the other.  The hallway culminates at the large enclosed porch at the rear of the home.

The 2nd Story

500 S. Carolina Avenue has a second staircase leading from the side carriage entrance; this staircase was repositioned at some point and leads not only to the second story, but on up to the HUGE, 1600+ square foot attic - a generally open space just waiting to be finished space.

There are potentially NINE bedrooms - you heard us right - 9!! To the rear of the second story is a room that was once clearly a used as a kitchen. It and its two bedrooms across its hallway were perhaps a separate apartment at one time, accessed by the side staircase. (Once bedroom even retains a doorbell outside its door!) Another spacious center hallway on the second story is practically another room of its own accord.

The Attic

We might well have been saving the best for last. Up another flight of stairs is the attic. Bigger than some homes at 1600-1800 square feet, this enormous unfinished space could evolve to be something really special. The turret section has its original flooring, while the rest of the attic is just wide open space. One 'room' appears to have been finished off. Think of what could be done with this space!!

This wonderful Spencer NC home offers a separate 2-car granite block garage and a smaller outbuilding that would serve as a wonderful workshop. There is a small utility basement, accessed from the large enclosed rear porch.

While the J.R. Chapman House has undergone refurbishments and remodeling efforts over the years ( some incongruous with its historic character), the home has kept its original personality with many intact original details throughout. This magnificent home has been well cared for but could use some more attention to really make her shine!  The tub in one of the two upstairs baths is currently not connected. The tin roof may very well be original and may need a sealant and attention at flashing points (owners recently made some roof repairs). This nearly 5,000 square-foot picturesque home is being SOLD-AS-IS, yet is move-in-ready.

An impressive vintage home of this magnitude is not for everyone, but the old-house-lover with a passion for restoration will recognize this jewel for the treasure it is and, we're betting, will be pretty excited about restoring the J.R. Chapman House. After 110 years, we're thinking the home will welcome its new owners with just as much passion! Give old-house expert Greg Rapp / Wallace Realty a call (or text) at 704.213.6846 to see this iconic grandeur in person. Make this vintage circa 1909 home YOUR home!

500 S Carolina Avenue
Spencer NC 28159

* NOTE:  This home is zoned for single-family residential.  If an alternate use is being considered, such as an Air BnB or Bed & Breakfast, a Special Use Permit may be required from the Town of Spencer.  Please take all such considerations to the Planning and Zoning Department:  https://www.ci.spencer.nc.us/government/planning___zoning.php

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

#SellingSalisbury #HomesforSale #RealEstateSalisbury #OldHouseGuy #GregRappRealtor #ListWithMe #SalisburyNC

April 13, 2019

Investment Property Opportunity! Solid Brick Duplex for Sale!

Realtor Greg Rapp with Wallace Realty has the BEST investment opportunity! Here is your chance to own a solidly-built brick duplex in Salisbury, North Carolina. And . . . wait for it . . . for just $99,000!

Welcome to 835-837 Lincolnton Road. Built in 1951, this single story ranch-style brick duplex reflects the architectural style of the Post-War era. Both units are 2 bedroom/1 bath and each offers spacious living room with beautiful picture windows and large eat-in kitchen.

The owner was in the process of refurbishing both apartments and they are nearly finished. All the bedrooms and livings rooms have been repainted in pretty neutral tones, and there are good hardwood floors throughout.  Because it is a work-in-progress, it looks like a diamond in the rough, but look closely and you can see that the end is within reach!

Kitchens and bathrooms need a little attention like fresh paint and new vanities in the bathroom. There are two new vanities in boxes that will convey. We love the intact sea-green tile work and bath tub in 837! The bath in 835 is an attractive blue. Kitchens have ceramic tile flooring and a tile backsplash already in place.

Each unit has its own concrete driveway leading to a side-entry door that enters to the kitchen. A stretch of poured concrete front porch is the perfect place for potted plants and rocking chairs, where each apartment has a more formal covered front door that leads to the living room.

Perhaps one of the coolest features is the fenced back yard. Not just fenced: A low brick wall defines the back yards, creating a courtyard effect. Each yard is large enough for a swing set, horse-shoe game, picnic table, and vegetable garden. A link fence separates each back yard from the neighboring one. One yard even has a vintage brick barbecue!

This all-brick duplex features newer replacement windows and an architectural shingled roof installed in approximately 2006. The HVAC units were replaced about 10 years ago. All this and all-brick make this a fairly maintenance free property!

835-837 Lincolnton Road is being sold 'As-Is' but couldn't be a better investment opportunity and a great rental location... close to schools and shopping. The Eaman Park Pool is a nearby, membership driven swimming pool that is a popular summer spot in the neighborhood. Water, gas, and electric are all on separate meters. Previous rents were $550 per on one side and $665 per month on the other. With some very minimal refurbishment work (much of it is already started!), these units would easily rent for a total of $1300-1400 or more.

If you've been toying with the idea of investing in income property, or just expanding your investment portfolio, this is the dream chance you've been waiting for. At under $100,000 for over 1,760 square feet in the heart of Salisbury NC, this one will be a money-maker for the right buyer! Give real estate agent Greg Rapp a call at 704.213.6846 to see it for yourself. Act now!

835-837 Lincolnton Road
Salisbury NC 28144-6133

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

#RealEstateSalisbury #GregRappRealtor #OldHouseGuy #SellingSalisbury #SalisburyNC #ListWithMe

April 07, 2019

Clean as a Whistle - Nearly an Acre - Adorable Home for Sale!

The trend towards tiny homes isn’t going anywhere! But despite the trend towards small homes, many people still want the features found in large ones like large open living rooms and restaurant-style kitchens. The minimalist lifestyle isn’t for everyone, and there’s a lot to be said for small homes that feel spacious, versus ones that just feel small. Money-savvy millennials and retirees continue to seek out smaller homes, and the good news is that Realtor Greg Rapp has just the ticket!

Welcome to 505 W. Peeler Road, Salisbury NC!

This cute house is large enough to accommodate your needs, open enough so as not to feel cramped, and with a bunch of added perks that keep it affordable. A good floor plan plays a key part in this, since the layout of a home can make all the difference in how it actually feels inside. This 1068 square foot house offers an open floor plan and lots of sunny windows that make this 2-bedroom home feel spacious. And the fact that is sits on its deep, nearly one-acre lot gives you that room-to-breathe feeling!

Small homes come with a lot of benefits, especially for buyers interested in reducing their cost of living. Not only do they shrink utility bills and tax expenses, but they also allow people to live more minimally and simply. And reducing costs is likely to happen here at 505 W. Peeler Street, a well-maintained home with aluminum siding, a new roof (installed 2017), new HVAC (installed 2019), and newer gas water heater! There is nothing you'll have to do, as far as maintenance, for several years.

If buyers are on the fence about a small space, it’s likely a storage-related concern. Fear not! 505 W. Peeler Street is loaded with closet and cupboards to maximize the space and accommodate all of your stuff. A favorite surprise wood-paneled room off one bedroom has tons of storage and could be used as walk-in closet, office (or man-cave!), or could be a future private bath.

The sunlit kitchen leads to an equally sunlit dining room with hardwood floor and attractive ceiling light fixture. From there...head to the living room with its beautiful new laminate flooring and masonry fireplace (not functioning for wood-burning, but could accommodate vent-free gas logs!). Each of the two bedrooms also offer hardwood floors.

Still need a bit of extra space? A super-nice enclosed porch with pretty broken tile mosaic floor overlooks the deep yard, where you'll find a single-car garage that has extra workshop room and an attached carport, as well as a small garden shed and . . . wait for it . . . a chicken coop!

Home is close to Granite Quarry Elementary school and Granite Lake Park, which is part of the Carolina Thread Trail505 W. Peeler Street is close to Granite Quarry Town Center shops and amenities yet has that 'out-in-the-country' feel. City of Salisbury is just 5 miles up the road with more shopping, restaurants, museums and galleries. Need to be on the road? The Interstate 85 is just about a mile away.  And speaking or 'out-in-the-country', 505 W. Peeler Street is eligible to be financed with a USDA loan.

The people who purchase small homes are many times either first time buyers or older generations looking to downsize. The biggest reason why many people are looking for smaller houses right now is because they are more economical. Large homes cost a fortune to heat and cool. With gas prices rising, small homes will continue to be popular. 505 W. Peeler Street won't disappoint you with its economical advantages.

Call Greg Rapp with Wallace Realty to learn more about this charmer of a home! 704.213.6846 gets you your showing appointment today! Take the first step towards reducing your cost of living today!

505 W Peeler Street
Salisbury NC 28146-7312
CMLS #3493470

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

#GregRappRealtor #OldHouseGuy #ListWithMe #SellingSalisbury #SalisburyNC #RealEstateSalisbury