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 

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