August 29, 2016

The Gables | Premiere 55+ Community | Immaculate New Home for YOU!

Welcome to The Gables, Salisbury's Premiere 55+ community. Greg Rapp with Wallace Realty has just listed this immaculate home in Salisbury, North Carolina. This sweet home is only 1-year old . . .and looks brand new! There are so many wonderful features about this home, the homes in the community, and The Gables community in general! Where to start!!!

Entering this community, you'll be struck at the neat-as-a-pin texture of every home, lawn, and garden.  The home owner's association at The Gables covers lawn maintenance, and every home has an irrigation system in place in the front yards.  Concrete driveways are spotless and each home boasts pretty gardens abloom with a variety of perennials, annuals, and evergreens.

Meander through winding roads of the neighborhood to the cul-de-sac where 708 Cordova Court is waiting for you! This immaculate 1912 square-foot home features a rocking-chair front porch that leads you through to the pretty entryway foyer. Just wait until you see this pristine 1.5 story, 2-bed/2-bath home!

Relax fall and winter evenings in your spacious living room by the gas-log fireplace. Spring and summer evenings will find you on the rear patio lined with Knock-Out™ roses.

The beautiful kitchen offers tons of storage space, shining granite counters, & an arched window into the formal dining room. You'll love how the kitchen expands to the large combination breakfast/sunroom area.

The spacious Owner's Suite features a large bathroom and walk-in closet.

A sprawling 22'x11' finished Bonus Room is above the garage and could fill myriad uses, from storage to playroom to guest room!

Life at The Gables offers a low-key, low-maintenance lifestyle! The home owner's association provides yard maintenance. The Club House, located at the heart of the community, offers residents a unique opportunity to meet and network with other neighbors. And best of all....this home is move-in ready!

Are you ready for that low-key lifestyle? If so, then it's time to call Realtor® Greg Rapp. Schedule a time for Greg to walk you through your next home. All you have to do is unpack and enjoy!  Start dialing 704.213.6846 now!

708 Cordova Court
Salisbury NC 28146

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

August 28, 2016

What? A Warehouse? Where? The Best Location!! What to Do? Read Here!

Realtor® Greg Rapp has a small warehouse / commercial business building on a great piece of property for sale in a great location:

1029 Old West Innes Street, Salisbury NC 28144

And the options are endless for this commercial space on Old W. Innes Street, a well traveled corridor and a potential forefront of opportunity in Salisbury, North Carolina. And at just $89,900 ~ and solar heat!! ~ you'll have spare cash to do cool things with your new warehouse!

You might ask, "What should I do with my new warehouse"? Here are some cool ideas...

• Store your stuff in it. Cool stuff.

• Use it as a carpenter's workshop or an artist studio, or open a gallery.

• Remodel into a live/work space like a groovy movie star in NYC.

• Rent it out and become a landlord and possibly become a millionaire. You never know.

• Host a killer party in it and gain the respect and admiration of all of your friends. They'll 'tweet' about it for days.

• Knock it down and build a 60-story skyscraper or 3-story row houses . . . whatever works.

• Film a music video inside like 'OK Go' which will become viral and seal your fate for fame.

• Build a brewery in it . . .and have free beer forever. . . or open a speakeasy, and please, invite us!

• Use it as a topic of conversation at dull cocktail parties and tell them about your skyscraper idea.

Or you could do something totally practical and use it for your business (or for band practice), but we just couldn't help ourselves!

If you are looking for a business location with prime visibility in Salisbury NC, one of the three main thoroughfares (Main Street, Jake Alexander Blvd, and Innes Street) are where you would start. The problem is, as is true for many prime locations, costs in such an area can be prohibitive.

BUT... if you are looking for great visibility along a main thoroughfare, and you don't want to spend hundreds of thousands of dollars…. look no further!! Look no further than 1029 Old Innes Street in Salisbury NC.

This solid masonry and steel beam building sits in a prime commercial locale, with many, MANY thriving businesses around it. And at just $89,900, when the tax value is at $126,440, the price can’t be beat!!!

Want to come scope out this warehouse investment opportunity? 

Give Greg Rapp with Wallace Realty a shout today at 704.213.6846.

1029 Old Innes Street West
Salisbury, NC 28144

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

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