January 29, 2018

Amidst $300K-$500K Homes Awaits This Restoration

Greg Rapp, with Wallace Realty, has listed this wonderful circa 1910 home in the prestigious West Square Historic District in Salisbury North Carolina is on the market and ready to be restored!  Call 704.213.6846 to see this excellent potential now...and read on to find out why this is the opportunity to grab!

313 West Fisher Street, a handsome ca. 1910 2.5-story frame house, is nestled into a neighborhood of homes that attracts visitors from far and wide ~ the West Square. (The West Square is formally known as the Salisbury Historic District.) It was the first neighborhood in Salisbury NC to be designated as a historic district on the National Register of Historic Places in 1975 when the preservation movement first gained momentum in this city of vintage homes and is supported by a strong neighborhood association.

(Read the Salisbury Historic District Inventory, National Register of Historic Places here: http://www.hpo.ncdcr.gov/nr/RW0052.pdf)

This once marvelous home is a blank slate - other than the new roof installed in 2017 - and its asking price of $99,000 reflects this (tax value at 313 W. Fisher Street is $167,579!). At some unfortunate point in time, this nearly 4,000 square-foot house was divided into 3 apartments and will need complete rehabilitation and restoration. Fortunately, most of the original woodwork and floors remain. The home will need a new kitchen, baths, and mechanicals.

Inside the front door, the original staircase was moved to create the upstairs and downstairs apartment entries.  Here is a look at the floor plans for both 1st and 2nd stories:

313 W. Fisher Street is in a fabulous location just doors from the Rowan Public Library, and blocks from the historic downtown center of Salisbury. A central park is planned across the street, expanding on where the small landmark Bell Tower Park currently exists. Work has already begun on this sure-to-be-lovely central green-space in the downtown. You might be able to already picture yourself enjoying summer evenings on the wrap-around porch overlooking the park.

This home is surrounded by some of Salisbury's finer homes and is just waiting to join its peers! And not only is this grand vintage home priced well below its tax value of 167K, it is additionally is eligible for exterior grants through the City of Salisbury's Historic Preservation Grant program.  Additionally, this home's restoration will be eligible for North Carolina Historic Tax Credits.

The Historic Salisbury Foundation has protective deed restrictions and covenants placed on 313 W. Fisher Street, and the Historic Residential zoning here prevents the home from being used as a multi-family unit in the future - it must be restored to a single family dwelling. The home is 'Sold As Is'.

313 W. Fisher Street, a prime address in Salisbury, North Carolina, is just waiting for the right person to breathe new life into its historic bones. At $99,000 - and with a new roof - a new beginning is well within reach. To see and assess this fine potential, call Greg Rapp with Wallace Realty. A restorer of antique homes himself, Greg can give you honest dialogue about the project at hand.

Contact Greg Rapp at 704.213.6846 and make your appointment to be the next award-winning restoration project in Salisbury NC - at 313 W. Fisher Street.

313 W. Fisher Street
Salisbury NC 28144

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

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January 28, 2018

Vintage Stick-Style Home ~ Impeccably Restored ~ For Sale

Radiating from and including the historic downtown center of Salisbury, North Carolina, are ten historic districts ~ each a fantastic collection of intact vintage homes and architecture, some predating the Civil War. And in the heart of the Ellis Graded School Historic District, dominating the 400 block of W. Liberty Street, you'll find this stately turn-of-the-century Stick Style/Tudor ~ a landmark on its elevated lot ~ for sale with Salisbury's 'old house' specialist Greg Rapp / Wallace Realty.

Welcome to 418 W. Liberty Street

The sprawling, nearly 3200 square foot home is a circa 1900 masterpiece ~ and is FOR SALE and move-in ready...at just $215,000!  Loaded with original period details, this home additionally accommodates today's life styles with wonderful modern amenities and updates. But first, let's take you up the front steps to see what this home, that commandeers the entirety of the 400 block of W. Liberty Street, is all about!

Guests to 418 W. Liberty Street are welcomed by a rolling lawn and pristine landscaping, but the most impressive exterior feature is the exceptionally large wrap-around veranda (freshly painted 2018!) that sweeps across the entire front width of the home and around  the side. The recessed doorway is a featured design element of this Stick-Style beauty. Circular columns support the high, sky blue ceiling in true Southern style. You'll enjoy many a sunset with friends and family gathered 'round in rocking chairs in this special place.

Inside, five fireplaces and gracious over-sized rooms await. A spacious and welcoming foyer, truly an additional room, trimmed with crown molding and chair rail - and truly an additional room, takes your eyes to an elegant staircase with handsome newel post and around to surrounding rooms. Plantation shutters frame windows here and in the stairwell...and throughout the main level of the home.

Enter to the left to your beautiful living room. This formal parlor's focal point is the fireplace, while the crown molding is another special detail. Soaring ceilings, chair rail, and a front bay window are elegant finishing touches.

A set of French doors takes you from foyer to the gracious formal dining room, featuring another fireplace with simple mantel piece, that is perfect for entertaining and adjoins the front parlor. Bonus: a coat closet in this room! (This could become a main-story master bedroom!)

Entertaining in your large, deep red, formal dining room will be a treat, especially with your butler's pantry conveniently situated between this fireplace-graced room and the beautifully updated kitchen. Don't you just love the diamond-paned door leading to the sunroom?

The east facing kitchen (morning sunlight!) is a delight of rich details! This cozy room has been wonderfully updated. Deep black granite counters gleam, and warm wood cabinetry blends perfectly with the diagonal tile floor. Zoom in and you'll find pretty cabinet hardware, including the whimsical pulls on the cupboards flanking the farmhouse sink, a lovely plate rack cupboard, wine rack, and pretty pebbled-glass cabinet fronts. Note the pot rack above the sink, the roll-front appliance cupboard, and the pull-out onion/potato baskets. These details add so much to this pleasant and work-efficient space. The crown molding above the cabinetry is a fine architectural touch.

A large breakfast island/work peninsula with butcher-block top not only provides a dining area, but has extra storage beneath, and shelving at its flank. A large mirrored wall and mirrored backsplash visually extend the room. You will love this wonderfully designed, sunlit space that exits to our two favorite places in the home: The enclosed garden patio and the breakfast room with connecting sunroom.

Along the rear of the home the cutest sunlit breakfast room ever leads to the most wonderful sunroom spanning the rear of the home. The tile flooring extends through the breakfast room, then gorgeous hardwood flooring takes over in these bright rooms, where an abundance of windows, including French push-out casement windows (2 casements (window openers) are fitted side by side within a single frame, opening from the center and hinged on the sides), and French doors overlook the ultra-private, spacious fenced patio.

And see the wonderful arched doorway? Enter here to the home's 240 square-foot library ~ a warm room featuring bookcases that flank the fireplace and doorway. Here you'll find plantation shutters, hardwood flooring, and more crown molding.

A cute downstairs bathroom features a vintage pedestal sink!

Let's Go Upstairs!

Up the staircase to the second story, a large mezzanine greets you. Note the spectacular hardwood floors again that reoccur throughout this impeccably restored vintage home.

Here, four very large bedrooms await. The Owner's Suite offers a spacious bedroom with coal burning fireplace, an enormous (15'5" x 5'8" !!!) walk-in closet with loads of built-in shelving, and a private bath.

Adjoining the master bedroom are bedrooms #2 and #3, equally large and also equipped with closets, a rarity in a house of this era! The current owners outfitted bedroom #4 as an upstairs laundry room ~ a wonderful convenience, but certainly easily reverted to a bedroom. Bedroom #2 has another of the home's five fireplaces.

Let's Go Outside

Remember we told you the kitchen and sunroom exit to a private patio? Here it is!

A wonderful large, private and open-air space, lush with plantings, to enjoy evenings, cookouts, friends, and family! We believe a porch ran across the rear of the home (note the brick piers) that is now enclosed to house the heated breakfast room and sunroom.

The work horses in this ca. 1900 home that bring it into the 21st century are the new heat unit for first floor, a newer roof (2009), blown-in insulation, and a full basement (unfinished).

Homes in the historic districts in Salisbury, NC are subject to Salisbury Historic Preservation Commission rules for any changes to the exterior of home. That said, the city often offers Historic Preservation Grants that assist owners of historic homes with the costs of exterior repair and upgrades!

Location, Location, Location!

418 W. Liberty Street is just 4 blocks from Salisbury's Arts District, where the nationally acclaimed Waterworks Visual Art Center resides, Lee Street Theatre community theater, Rail Walk Gallery & Studios, and the new Morgan Ridge Rail Walk Brewery are part of what make Salisbury a special place to live. A second new brewery, the award winning New Sarum Brewing Co., and a plethora of unique restaurants and shopping boutiques are a few blocks to the south in the downtown historic district, where the Salisbury-Rowan Symphony hosts an annual outdoor summer concert, and another community theater troupe, the Piedmont Players keeps the calendar busy with two theater locations, the historic Meroney Theatre and the newly renovated Norvell Children's Theater. Getting around is a breeze as well. Salisbury has (3) interstate exchanges, and is an Amtrak hub in the historic Salisbury Depot. Salisbury is an hour's drive to the larger metro areas of Charlotte, Greensboro, and Winston-Salem ~ is a 2-hour drive to scenic Asheville, and a 4-hour drive to the ocean! A strong preservation culture embraces Salisbury, supported by such agencies as the Historic Salisbury Foundation, that hosts an annual tour of historic homes, the prized OctoberTour™.

If we don't have you convinced yet that this is The Place to Be ~ in this beautifully preserved home at 418 W. Liberty Street ~ then we must invite you to come see for yourself. Let Realtor® Greg Rapp show you the advantages of living in a quality built vintage home (they don't make them like they used to!), resplendent with character and details. Call for a private showing appointment today: (704) 213-6846. This home will not disappoint!

Salisbury, NC 28144
List Price: $215,000

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

January 15, 2018

Investment Opportunity for Under $20K! Needs Work? Yes!

Roll up your sleeves, and get out your elbow grease...cuz this little vintage house is gonna need it!

The bad news:

This sweet little Victorian 1-story home at 509 E. Fisher Street, built about 1913 and located in the Brooklyn South Square Historic District of Salisbury NC, sustained a recent fire, and will require a complete gut job and rehabilitation. Coming to survey the home and its potential? Be very careful ~ some floors are NOT stable! And...bring your flashlight!

Ooops! Watch your step!
OK, so that was the bad news.

The good news: 

This home is like a clean slate...build it into what you envision!  From what we can tell, the home seems structurally sound - it doesn't list or tilt like some vintage homes (hey ~ it's been in this neighborhood for 105 years!) Local preservation grants are available to help with the costs of exterior improvements. Historic Salisbury Foundation Covenants and Restrictions will convey with the sale of this home.

With 1,900+ square feet, 3-bedrooms, and a single bath...this little house at 509 E. Fisher Street is an excellent investment opportunity! It is located close to shopping and restaurants, and close to public transportation. 

It's time to Make Offers!!!!! Call Realtor® Greg Rapp: (704) 213-6846 

Get some income rolling into your bank account with this great opportunity on an investment home at 509 E. Fisher Street!

509 E. Fisher Street
Salisbury NC 28144

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