June 29, 2015

Investment Property with High Potential in Salisbury NC!

This is a great time to get your hands on some investment property in Salisbury NC!  There is suddenly several wonderful 'fixer-upper' properties in Salisbury with GREAT potential!  If you are handy, love the concept of restoration and revitalization, and have a little spending money...now is the time to jump on one or more of these great houses!

This bank owned home at 127 CALDWELL STREET SOUTH in Salisbury, NC 28144 is the perfect example of one of these homes!

Located in a stable neighborhood with lots of other historic homes as neighbors, this circa 1900 2-bedroom/1-bath bungalow has GREAT bones and loads and loads of potential!

There are three fireplaces, however none are in working order at this time.

The kitchen is nicely updated.  You'll be surprised at the nice large rooms in this 1300+ square foot home.  And of course, it just wouldn't be Southern living without a wonderful front porch!

127 Caldwell Street sits on an elevated treed lot with a granite retaining wall at the front lawn.  

Caldwell Street is on the edge of the prestigious West Square Historic District in downtown Salisbury...close to shopping, restaurants, the public library, museums, galleries, and night-life.

This darling home is a bank-owned property and is being sold 'As-Is', so don't hope for any advance repairs to be made.  But this is where YOU come in!  For just $24,500 - scoop us this solid little house and exercise the great potential to be had here!  Call Greg Rapp at Wallace Realty, 704-213-6846, to learn more!

Twenty-five thousand beans not quite what you wanted to spend?

Take a look at this, also bank-owned, home at 131 Crawford Street in Salisbury.  This tiny one bedroom mill village house in the Cone Mills Neighborhood is the perfect rental property, with one bedroom and one bath, new replacement windows, and new Pergo™ laminate flooring in the living and dining rooms. 

Cone Mills Corporation was a world leader in textile manufacturing of corduroy, flannel, denim and other cotton fabrics for most of the 20th century. The company was based in Greensboro, North Carolina and its mills were mostly in North and South Carolina. The company, disestablished in 2004, was known as the world's largest producer of denim. In 1888, brothers Moses and Caesar Cone invested in Salisbury Cotton Mills of Salisbury, North Carolina - later to be known as Cone Mills.

Mill villages were company-owned towns, built from scratch by textile mills to house their factory workers and their families. In the early 1900s, Cone Mills Inc. built several self-sufficient villages to serve its factories.  131 Crawford is in the heart of the historic mill village that sprang up here.  Thousands of workers and their families made their lives in these “towns within a town” until the company began selling the houses (sometimes to workers) in the late 1940s.

The charm of mill villages is that these quiet, close-knit, neighborhoods are lined with similarly designed homes, creating a calming streetscape of cottages and sidewalks.  This cute house sits on a wonderfully deep lot  . . . 68' x 150'!

With a little TLC, and perhaps adding some AC, this will make wonderful income producing property.  131 Crawford Street is being sold 'As-Is'.  But at just $17,500 - you can afford to turn this little charmer around!   Call Greg Rapp/Wallace Realty to see for yourself!  We can picture rocking chairs on this front porch...can you?

These are not the only great investment opportunities that are out there right now!  So contact Greg Rapp, the area's expert on older and historic homes, preservation and restoration, to see which one is right for you!  Call 704-213-6846!  You won't regret it!

Salisbury, NC 28144
MLS#: R57836 
List Price: $17,500 

Salisbury, NC 28144
MLS#: R57832 
List Price: $24,500

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

June 21, 2015

Starter Home? Sweet Income Property? This is IT!

This house is adorable!!! 

Here is your chance for a cute, low maintenance home with a rocking chair front porch!  Be it a starter home (this house is PERFECT for a first-time-home-buyer!), or an investment property (this home would make a great low-maintenance rental property) ~ this is the house to jump on!

232 AMERICAN DRIVE in Salisbury, NC, a newer home, built in 1989, with 928 square feet of living space.  Inside, you'll find a pleasantly sized living room with hardwood floors, which extend to both 13' x 13' bedrooms.

The combined kitchen and dining area is a nice open area with, warm, honey-pine cabinetry.

The bathroom has just had a new floor installed and was freshly repainted.

The home sits on a wonderful, nearly 1/2 acre yard, and is on a quiet, neighborhood street -  yet close to downtown Salisbury shopping, dining, restaurants, and nightlife.

232 AMERICAN DRIVE had a new 25 year roof installed in 2012. It has gas heat and central air conditioning. The home is connected to City of Salisbury water and sewer, yet 2014 taxes were only $759.00!

If you're wondering if you're ready to make that home purchase, consider this: 

Right now, average fixed mortgage rates are near May 2013 lows, according to a Freddie Mac mortgage market survey.

So now might just be the time...and at just $72,500 ~ this house is just the right low-maintenance home for the right person! Give a Greg Rapp a call ~ 704.213.6846 ~ if you'd like to see for yourself!

Salisbury, NC 28147
MLS #: R57380

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

June 15, 2015

$50,000 Less Than Tax Value ~ A Craftsman Era Bungalow Awaiting Restoration

Looking for that American classic home: The Arts & Crafts Bungalow? Here is a great opportunity to make the most popular architectural style your own, and at FAR under tax value. With a little elbow grease and a whole lotta luv, you can make this 5 (or 6!) bedroom, 2-bath, 2000+ square-foot home in the heart of the prestigious West Square Historic District in Salisbury North Carolina your home! 

Let historic home specialist Greg Rapp show you how this circa 1925 one-and-a-half story Craftsman bungalow at 418 West Monroe Street will be a showplace with the right touch. The exterior features a brick first story, with brick laid in an attractive Flemish bond pattern made from alternating headers and stretchers on each course. Flemish bond is a decorative bond, one that lends visual quality to a wall surface. The bond’s alternating stretchers (sides of brick) and headers (ends of brick) form a pleasingly patterned regularity, requiring skill to execute.

The second story, or in this case half-story, is handsomely wood shingled. 

These are part of classic Arts & Crafts exterior design elements as is the deep front porch with brick and tapered wood pillars, the original decorative wood eave brackets, and the projecting dormer above.

Inside, the house retains many of its original bungalow features: 4-over-1 paned windows, the front door with attractive multi-paned sidelights, heart pine floors throughout, wainscoting and chair rails on some walls, built-in china cupboard in the dining room, and one original brick fireplaces. 

Cut from the heart of the timber, heart pine flooring rivals the hardness of red oak flooring, adding warm color and value to your home. Heart pine is the finest lumber ever grown. Early American settlers discovered a vast forest over 95 million acres spanning from the Southern Atlantic shoreline to the Mississippi River. This forest of slow-growth heartwood pine trees grew trees four feet in diameter, up to 150 feet tall, that had matured over 400 to 500 years. The large center 'heart' of these trees is dense, heavy, insect-and rot-resistant, incredibly hard, and unequaled in beauty, strength and durability.  Lucky the home at 418 W. Monroe Street to have such floors!

The home has, however, both seen some remodeling projects that just don't do the home justice, and has not seen a whole lot of recent updating, therefore its new owners may wish to invest in some cosmetic and other improvements to restore this Arts & Crafts gem to its original splendor of the early 1900s: 
  • There are fireplaces in both the living and dining rooms. One fireplace has been remodeled with stone and a modern wood mantel. 
  • Another room features that wood paneling so popular in the 1960s, that now many of us would rather remove. 
  • This fine home needs some exterior structural repair to the brick on the right rear. 

As with many early 1900s bungalows, 418 West Monroe Street has amply sized rooms. Living room, dining room, and kitchen are on main floor, as well as two generous bedrooms, and another room that could be a third bedroom (with no closet) or den or rec room space. Upstairs there are three more bedrooms, two measuring approximately 12' x 12' and a third room on this level measuring roughly 10' by 10'. There is lots of room in this 2019 square foot home! 

The charming little yard is picket-fenced an all sides. The back yard is shallow (the lot is 65' x 65') but there is a nice side yard that currently hosts a single-vehicle carport.

418 W. Monroe Street is close to Downtown Salisbury, a multi-year winner of the NC Main Street Program. Come see why!  This home has a tax value of $106,000 but is for sale at $53,500!  This is 50% of it's value!  WOW!

So visit Salisbury, and check out this restoration diamond-in-the-rough, waiting for you to add the polish! 418 W. Monroe Street is offered Sold-As-Is, and is priced with the understanding of the work it may need ~ at more than $50,000 less than its tax value! When you are finished, you will have a true treasure! 

Contact Realtor® Greg Rapp with Wallace Realty in Salisbury, North Carolina to find out more! (704) 213-6846 

MLS#: R57756 
Salisbury, NC 28144 
List Price: $53,500

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

June 14, 2015

Perfect First-Time-Buyer Home! Make it Yours | Call Greg Rapp at 704.213.6846

It's June!  By now, in sunny North Carolina, the landmark events are over...you've graduated, or maybe you got married...so what now?

Maybe its time to buy your first home!

Check this absolutely adorable home in the town of Spencer, North Carolina!
Welcome to 1000 Rowan Avenue in the Town of Spencer, North Carolina! A post-war cottage built in 1947, this 900 square feet, cozy 2-bedroom/1-bath home is decidedly in town, but in such a wooded and country setting, you might forget that city amenities are just a stone's throw away! 

Nestled in a deep lot, 88' x 160' backed by beautiful natural woods, this great little house is a treasure!

The kitchen boasts apple green cabinetry ~ a nice change from the every-day and perfectly suited to this little charmer home that welcomes an artistic touch! And just look at that wood floor!   Oh, how wonderful not to have that awful laminate flooring that you'd often find in a home from this era!

An enclosed front porch makes a wonderful sunroom. In fact, nearly all the surprisingly amply-sized rooms stream sunlight and cheerfulness!

The bathroom has a beautiful pedestal sink, those great wainscoting and beadboard walls, and drum rollllllll please....a vintage claw-foot tub! Stock up on bubble-bath! 

We told you this home had beautiful gleaming wood floors, but really, you must see for yourself!  They are really beautiful!

1000 Rowan Avenue offers an amazing amount of storage space. It has a full (dry!) unfinished basement, perfect for storage AND workshop areas.   There is a nice long workbench already in place!  There is plenty of room for you, and your hobbies, to spread out!

A small shed in the rear of the home is almost like a small addition, and there is another small outbuilding, perfect for lawn mowers and garden tools, a carport AND a 1-car garage.

A great deck off the back of the home makes for a great place to barbeque and  relax on summer evenings!

There is also a pull down stair case that leads to a finished room in the attic ~ offering even more storage or another complete other room.

1000 Rowan Avenue has a large fenced back yard backed by a thick woods. We told you country setting, and it's marvelous!

This great little home with its expanse of yard is priced at just...wait for it....$50,000!  A 30-year mortgage at 4.5% interest would translate to a monthly mortgage payment of roughly $255,  and if you shrunk the time frame down to a 15-year fixed mortgage, your monthly payment is right about $385!  

Folks, try getting a 2-bedroom apartment or rental house for this kind of  monthly payment!  It just won't happen!

1000 Rowan Avenue (and how cool is that address?!) is close to everything yet is nestled into the most peaceful country setting. You'll want to call Realtor® Greg Rapp as soon as you can ~ (704) 213-6846 ~ to see this cozy cottage for yourself! Mmmmmmm ~ home-sweet-home ~ and for just $50,000!   First time home buyers...this one is calling your name!

Spencer, NC 28159
MLS #: R57142

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

June 12, 2015

Have You Seen This Circa 1885 Cottage! Move-In-Ready at Under $80K!

Have you seen this wonderful vintage home yet? This Victorian Vernacular Cottage, circa 1885, is move in ready!

This Victorian era cottage defies cookie-cutter categorization. Although built in the Victorian architectural era, this single-story, circa 1885 cottage is cleanly designed without the embellishments of Queen Anne or other Victorian styles. Yet the design elements are there:  a home framed by twin chimneys, a deep front porch with handsome pillars, the front door with its glass sidelights, long center hallway framed by symmetrical 15' x 15' front parlors, 10-foot ceilings, and many other vintage details.

This circa 1885 South Shaver Street home has the center hallway design of many single story Victorian homes, creating a wonderful open feel in the house. The rear part of the hallway may have at one time been a porch, and we love the array of windows that now let so much natural light into the generous space.  This bright central space is wide enough that we can picture a home with a computer desk and an arrangement of houseplants and greenery. The center hallway culminates in a cute little laundry room at the back of the home. Note the original plank walls!  Nothing says vintage home like 1880s plank wall material!

The mint kitchen is another bright spot in this home, with custom cabinets, gleaming wide-plank hardwood floors, stainless steel appliances, and a skylight streaming natural daylight into this efficient space!

The dining room off the kitchen boasts its original fireplace with brick hearth and mirrored mantel piece, one of two in the home, and original chair rail.. The second fireplace is in the front parlor across the hall. Both chimneys have been rebuilt.  You will also note the remarkable number of electrical outlets in each room, a very nice feature of the restoration of this home that brings it into 21st century modern lifestyle living!  (The front parlor could be used as a third bedroom, but has no closet.)

This super charming 2-bedroom / 2-bath (one with a clawfoot tub!) home retains lots of original details, and you will love its cheerful open feel.

The Master Bedroom has its own full private bath with lovely ceramic tile floors, plenty of storage space, and a walk-in shower.

Outside, you'll be picking your own peaches from the two peach trees in the white picket fenced front yard.

The extra deep back yard, surrounded with shade trees, is enclosed with stockade-style fencing, a great privacy screen and place for children to play or pets to run freely. This fence also clearly demarcates boundaries of the shared driveway, a common feature in the historic neighborhoods in Salisbury.

Nestled between the house and the expansive back yard is a super-cute large outbuilding or small barn that looks like it fell right out of a story book! The space between this barn and the home creates a wonderful outdoor patio room.

309 S. Shaver Street is in the Brooklyn South Square Historic District in Salisbury, NC. There is an active neighborhood association (voluntary participation) that keeps neighbors up to date on city happenings and creates a great communication channel for its residents.  This area of the neighborhood was the site of the Civil War Prison ~ lots of history to be found here!

Brooklyn South Square is one of ten designated historic districts in Salisbury listed on the National Register of Historic Places.  Like the nine other historic districts, the neighborhood is just beyond the central Historic Downtown, a historic district in and of itself.  

When you make 309 S.Shaver Street your home, you will be a hop-skip-&-jump from unique shops, farmers market, many locally owned restaurants, theaters with revolving play and musical productions, and art galleries.  Salisbury boasts a large independent book store, two local coffee shops, and TWO bakeries with cupcakes to die for!  Purchase a bicycle at Skinny Wheels Bike Shop and take part in the community bike rides on Thursday evenings and Sunday afternoons.  And enjoy a 'Night on the Town' with Salisbury's  very popular 1st Friday events such as the Summer Sip night out, and the well-loved Buskers~Bash.  Each is uniquely themed and attracts a lively crowd to the downtown streets!  Each June, grab a lawn chair and take in the free outdoor performance by the Salisbury-Rowan Symphony at the annual Pops-at-the-Post.  Or just subscribe to TheCommunityPicnic.com to see what's going on in the Salisbury/Rowan area!  You won't believe it!

The very best part about this vintage home at 309 S. Shaver Street? IT'S UNDER $80K!!! Folks will be hard-pressed to find a home this nice for under $80,000!

So, you are looking for a nice historic house? A REALLY NICE historic house? This home has been completely restored and might be just the one for you!!!!! Call Greg Rapp with Wallace Realty at 704.213.6846 to see this circa 1885 ~ move-in-ready ~ home for yourself!

Salisbury, NC 28144
MLS #: R57700

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