August 02, 2022

5-Bedroom Victorian Home ~ A Restoration in Progress ~ FOR SALE!

At the gateway to the Historic Park Avenue/Long Street Historic District, 414 Park Avenue, the oldest house in the District with nearly 4,000 square feet of living space, is everything the restoration craftsman looks for in a vintage historic Victorian.

Photo from 2015

Like many Victorian homes of its day, 414 Park Avenue's exterior is graced with a wonderful wrap-around front porch and (2) sitting balconies. The circa 1891 Victorian home features enormous rooms, hardwood floors, ample center hallways, and nine . . .yes (9) . . . fireplaces! Let Realtor® Greg Rapp with Salisbury Real Estate LLC show you this opportunity to make this gracious home your own. Call 704-213-6846 to schedule your private showing.

This beautiful 5 bedroom, 4 bath Victorian is one of Salisbury's 10 Historic Districts. The North Long Street~Park Avenue Historic District was posted to the National Register of Historic Places in June of 1985.  The neighborhood features architecture from the late 19th and 20th century: Colonial Revival,American Craftsman Bungalow, Victorian, and Gothic, with architecturally significant periods between 1875-1949.  There are over 46 properties considered "Contributing Properties". This house at 414 Park Avenue, already a jewel in the neighborhood's crown, will be a masterpiece when its restoration and rehabilitation are complete.

The asymmetrically-designed house is sheltered by a shingled roof enlivened by a projecting pediment gable, a hip extension, and hip-roofed dormers.The terraced front lawn and wide central walk is enclosed with picket fencing, and the concrete staircase from the city sidewalk to the veranda welcomes guests with an entry pergola at the gate ~ creating a sense of arrival. 

The over 500 sq. ft. wrap-around porch is straightforward in design without the more elaborate trimmings of the Victorian era and is a gracious entertaining or just-plain-relaxing area. A second floor balcony overlooks the neighborhood. Windows in plain surrounds and a second floor balcony all complete the façade. 

The home, with a good portion of its restoration process already been completed, retains much of its original charm. Built as an elegant single-family residence, 414 Park Avenue has (5) bedrooms, (4) baths (presently 2 baths are operational, 2 are gutted for restoration).

The home features 2 owners' suites, 
spacious rooms. and a versatile floor plan featuring hardwood floors through most of home. The first floor ceiling height reaches 11 ft. in most rooms. 

The center hall plan is finished with symmetrically molded surrounds, a turned baluster staircase, and original fireplace with its clean-lined mantel. Numerous original features remain and include fireplaces and mantels in many of the rooms.
  The library has a custom built computer station & a wall of shelves.

The renovated kitchen is delightfully large and sunny, and features granite countertops and wonderful lighting. It opens with French doors to the dining room with its built-in china cabinet. The kitchen additionally features a walk-in pantry and rear mudroom that opens to a walled patio space, once an enclosed room, and leads to the large back lawn with alley off-street parking.

414 Park Avenue is just blocks from Salisbury's thriving Arts District, where Lee Street Theatre hosts community plays, music performances, comedy shows, and more.  The Rail Walk Studios & Gallery just around the corner hosts original works of 7 or more local artists. The Salisbury Farmer's Market is here on Saturday mornings April through October.

This Victorian home is a work in progress! This ca. 1891 property shows signs of standing through its history and the seller has priced it in relation to the average value of similar houses in the area with consideration for the work that needs to be finalized. The listing price of $179,000 reflects the remaining needed restoration vs. the grand scale of this 4000 square-foot home. The shingled roof is approximately 7-10 years old, and in good shape, and the flat roof over the rear bedroom was replaced in 2013.

Located in an Opportunity Zone, 414 Park Avenue is eligible for discounted capital gains tax, as well as Historic Rehabilitation Tax Credits. Opportunity Zone identifies an area with access to a new program to attract investment capital, created by federal tax legislation (Tax Cuts and Jobs Act (H.R.1), that offers qualified investors certain tax benefits when they invest capital gains into these areas.

Need to know more?  Call Greg Rapp with Salisbury Real Estate LLC at (704) 213-6846. This spacious treasure of a vintage home can be yours!

Salisbury, NC 28144 
CMLS #3883659

Greg Rapp 

Salisbury Real Estate LLC 
704.213.6846 Mobile 88888

No comments:

Post a Comment