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!

232 AMERICAN DRIVE
Salisbury, NC 28147
MLS #: R57380
$72,500

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

Great Starter Home or Investment Property! Just $42,500 with 3 Bedrooms!

319 D AVENUE Salisbury, NC 28144 is a great, solid brick, investment or starter home. And at just $42,500 ~ who can resist this sensible 3-bedroom, one bath, all-brick home purchase!

The home features smart room designs with a combo-kitchen-dining area. It has a spacious living room. Each bedroom is roughly 12 x 12, nicely sized rooms for this 1340 square-foot house! The kitchen, dining room, and living room are nicely proportioned as well! This D-Avenue home has another 120 square feet of non-heated enclosed porch area.

Currently, the home is a rental property.  The current tenant on month to month pays 600 per month.on a month-to-month basis.

319 D Avenue is located on a cute little suburban-looking street right off the main drag through Salisbury, close to bus lines, shopping, and eateries. And wait ~ check out this price point! At just $42,500, this little one-story D-Avenue home is the perfect investment property or starter home! Add to that its all brick construction, this property will be nearly maintenance free!

Real estate investing is an exciting field because of the many different niches and strategies you can use to customize your plan to fit your personality and position in life. Perhaps you enjoy risk and would prefer a “fix and flip” business? Or maybe you are looking at long-term stability and would prefer investing in single-family rentals.

There are hundreds of ways to invest in real estate, so find the strategy that best fits your lifestyle. Here are some tips about what kind of property you should buy:

• Well-maintained homes – The time, effort and money required to bring fixer-uppers into good condition make it difficult to get a good ROI on them. 
• Avoid fancy, expensive homes – The higher the home price, the lower the net rental income is compared to it. Buy as personal residences, change to rentals – 
• Owner-occupants get the best financing, and living in the house gives you insight into what needs to be improved before you sell it. 

Maybe now is the time for you to consider an investment property...or is it the time to purchase that first home and stop renting? Interested? 319 D Avenue, Salisbury NC is waiting for you!  Give Greg Rapp a call at (704) 213-6846.  Now IS the time!



319 D Avenue
Salisbury NC 28144
MLS #R56653
$42,500

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




 

Success Story!! 629 Maupin Avenue in Fulton Heights ~ SOLD by Greg Rapp!

Congratulations are in order for first-time home buyers Ashley & Chris ~ who worked with Greg Rapp, Realtor® with Wallace Realty ~ to purchase their beautiful and totally charming new home in the Fulton Heights neighborhood.

Greg worked with Ashley and Chris for several months, which might sound long, but together they viewed properties until they found the perfect match.  The circa 1920's Arts & Crafts Bungalow at 629 Maupin Avenue, Salisbury NC was the winner!

Buying a home for the first time can prove to be a challenging task. First-time buyers often don't know the meaning of real estate and mortgage terms. The amount of paperwork needed to close a mortgage loan sometimes overwhelms them. And the amount of money they need to put together to purchase a home can be intimidating. Working with an experienced Realtor® like Greg Rapp (704-213-6846) who puts your interests FIRST and understands the challenges first-time buyers face was a smart move for Chris and Ashley.

•  The biggest challenge that most first-time home buyers face is coming up with enough money for a down payment. Most conventional mortgage lenders require first-time buyers to come up with a down payment of 10-20% of the final purchase price. For a $200,000 home, that's $20,000 to $40,000. That's a lot of money for first-time buyers to come up with. First-time buyers taking out an FHA mortgage loan only have to come up with a down payment of 3.5 percent of a home's purchase price. That same $200,000 house, then, would require a down payment of only $7,000.

•  Mortgage lenders today rely on borrowers' credit scores to determine who gets mortgage money and at what interest rates. These scores, which range from the high 300s to the low 800s, represent how wisely consumers have handled their finances. Consumers who pay their credit-card bills late or miss car payments will have lower scores than do those who pay all their bills on time every month. Credit scores can be a challenge for first-time buyers simply because many of them do not have long, established credit histories, causing scores to be lower.

•  Mortgage lenders prefer to lend money to borrowers who have worked at the same employer for at least two years. For first-time buyers this can often be a problem: Many first-timers are young professionals who are still building their careers. This may mean that they move from job to job at a quick pace. Fortunately, most mortgage lenders are flexible on the employment issue. Many will overlook a short job history if borrowers can show that they still have a steady source of income that is high enough to comfortably cover their mortgage loan payments.

Working with an experienced real estate agent, like Greg Rapp, makes this process ~ and all the other processes of the home purchase ~ much more bearable!  Ashley and Chris had this to say about working with Greg:

"Working with Greg was beyond great! We had been working together for a couple of months and he was very patient with us. Greg had our best interests in mind at all times! He ended up showing us a house that wasn't on our list and we fell in love with it! Thank you so much for everything Greg!"



A real plus for Ashley and Chris was to find a home in the very desirable Fulton Heights Neighborhood of Salisbury, North Carolina. This residential district of Salisbury, NC is known for its wide variety of charming historic homes, a very family oriented neighborhood, and its strong and active neighborhood association where the residents work together to improve and maintain a high standard for their quality of living. Ashley and Chris are sure to be very happy, long-term, in their Arts & Crafts bungalow on Maupin Avenue in Fulton Heights! 

There are many more homes, all sizes and price ranges, in the Fulton Heights Neighborhood and other districts, historic or not, in Salisbury NC.  

When you are ready to share your success story, contact Greg Rapp at (704) 213-6846 to get the process started!

Greg Rapp

Realtor®

Wallace Realty

704 213 6846 Mobile

704 636 2021 Office

www.RealestateSalisbury.net

www.RealestateSalisbury.com

www.GregRapp.WallaceRealty.com

Perfect Little Country Home ~ "Grandma's Cottage" ~ Just $69K!

This just might be the cutest house ever! We've nicknamed it "Grandma's Cottage" ~ the woman who lived here, who recently moved closer to her children, lived here for over 40 years. This could not be a more perfect starter home for a couple or small family, is priced right, and is in GREAT condition.

This sweet circa 1941 one-story, 2-bedroom cottage at 355 DUKEVILLE ROAD Salisbury, NC was originally part of a company village for Duke Energy. "Grandma's Cottage" is located in a country setting in what was once Dukeville Village, just off of Long Ferry Road in Salisbury NC, just out of town enough to feel like country living, but close to Salisbury city amenities such as shopping & dining, museums, theaters, and art galleries ~ and is a hop, skip, & a jump to the Interstate highway for convenient travel.

Wait 'til you see how very sweet this home is! First impressions are important! As you walk up the curved walk through the front yard, shaded with mature shade trees and a wonderful southern magnolia, and up the brick steps to the front door, the beautifully crafted, solid wood Vintage Woodworks screen door welcomes you and your friends with charm and elegance. Nothing compares to gentle breezes wafting through your home... and savings on air conditioning bills are assured. "Grandma's Cottage" is cute-as-a-button with attractive trim work including color coordinated shutters, and pediment trim (a classical style triangular upper portion surmounting a portico of columns) at the front door. You'll picture yourself taking in summer breezes on the rocking chair front porch ~ complete with porch swing ~  that is lined with flowering azaleas.

The cottage-style kitchen alone conjures up visions of apple pie cooling on the stove, with warm knotty pine walls, plate rails, painted cabinets with glass fronts to show your pretty china, and its vintage 1940's porcelain over cast iron sink with built-in drainboard.



The kitchen opens to the warm wood-paneled dining room, separated only by attractive open woodwork, creating a long open and inviting vista from dining area to kitchen.

The cozy, but roomy (nearly 18 x 14), living room has a fireplace with an absolutely beautiful mantle piece, surely to be the central focal point of your home!

A feature unique to a home of this era is the original vintage pink-tile bathroom! Pink bathrooms were common in homes built in mid-century America, and many credit Mamie Eisenhower for popularizing the pink tiled bath. Pink tiles were all the rage in the day, and are coming back into vogue! Since pink bathrooms are associated with a time of prosperity, perhaps there is also an element of nostalgia for rosier times. Just "Google" 1950's pink tile bathroom to see the momentum this style has! There are even 'Save the Pink Bathroom' websites! (http://savethepinkbathrooms.com/)

You will love the shady deck out back for al~fresco dining. The back yard is fenced in ~ great for pets and/or children, and has beautiful mature shade trees and ornamentals, as well as a cute firepit for your s'mores evenings!



The 2-car garage is currently divided into a workshop & 1 car area, and has a detached, external, double car port.

"Grandma's Cottage" at 355 Dukeville Road has been very well maintained. The home has a newer roof, newer vinyl siding (no painting!!) and newer HVAC units. . . Move in and enjoy! And because of the country location, you will not be paying City of Salisbury taxes or city water bills!

This sweet little home at 355 Dukeville Road, priced right at $69,000 (yes, you read that right!), is sure to be scooped up very soon ~ it is just too cute to stick around for long!  If you'd like to picture yourself on the rocking chair porch, conjure up your own scents of apple pie in this homey kitchen, or envision taking in your morning coffee on the sweet little back deck ~ then call the seller's Realtor® Greg Rapp at 704.213.6846. This house ~ move-in ready at just $69K ~ is almost too good to be true!  Call Greg Rapp today!

355 Dukeville Road, Salisbury NC ~ $69,000 ~ Call Greg Rapp @ 704.213.6846

The Price is Right ~ Fresh Air & Country Living ~ Under $50K!!!

The Price is Right! No ~ not a TV show ~ but an AWESOME opportunity to own a little house in the country . . . AND . . . for UNDER $50K!!!!

This cute little place is very affordable and a superb opportunity for someone to snap up a home of their own surrounded by fresh air and countryside!

155 Joyner Lane ~ at just $48,700 ~ sits just outside the Salisbury North Carolina city limits. This solid 3-bedroom, 1.5 bathroom home features a huge living room and a wonderfully open kitchen & dining area.

The large, spacious deck out back overlooks the backyard of this nearly half-acre country lot. Plenty of room for the kids and the dogs to run around and get their quota of fresh air and Carolina sunshine!

One look and you can tell that once upon a time, 155 Joyner Lane was once beautifully landscaped. There is even a small outbuilding on the property (Got Storage?).

This would make a wonderful first-time buyer home, or perhaps a nice investment property. A little TLC (a little paint, some carpeting, and a little deck repair) and 155 Joyner Lane whips up to be a very fine home.

If a little home in the country is what you've been looking for, and especially at the right price ~ then get a hold of Realtor® Greg Rapp in Salisbury to see this cute little place for yourself.

Phone 704.213.6846 or email Greg at gregrapp@wallacerealty.com.

The Price is Right ~ right NOW!

155 Joyner Lane, Salisbury NC ~ FOR SALE ~ $48,700

Making Home Happen!! NCHFA Home Advantage Mortgage ~ Guest Article by Dawn White

Dawn White ~ Bank of North Carolina

Please welcome guest author Dawn White,Vice President Mortgage Loan Officer at Bank of North Carolina in Salisbury, North Carolina, to RealEstateSalisbury.com.  Dawn has news about a new program being offered by the North Carolina Housing Finance Agency (NCHFA)!

Do you lack the down payment needed to buy a new home? The N.C. Home Advantage Mortgage program offers down payment assistance – and competitive interest rates – to give you the boost you need to buy your first home or move up to your next one.

The new program available through the NCHFA offers down payment assistance of 3% so you can get maximum financing available.  The program is no longer just available for first time homebuyers. You can purchase a new or existing primary residence in North Carolina.  We do the program underwritten to VA, USDA or FHA guidelines. The 3% down payment assistance is a second lien and is provided as a 15 year deferred/ forgiven subordinate lien. The lien is deferred for 10 years and forgiven by 20% each year in the 11^th-15^th years. After 15 years the loan is totally forgiven. This is a great way to take advantage of your option to use maximum financing when available!

The N.C. Housing Finance Agency offers N.C. Home Advantage with down payment assistance up to 3% of the loan amount at 0% interest. This not only helps you get into your new home, but enables you to build equity more quickly. If you qualify, you don’t need to repay the down payment unless you sell, refinance or transfer the home. Even better, it is completely forgiven at year 15 and reduced by 20% a year in years 11 through 15.

With 30-year, fixed rates, the N.C. Home Advantage Mortgage is a perfect match for buyers looking for safe, affordable financing.

Am I Eligible?

You may be eligible for an N.C. Home Advantage Mortgage if:

• you are buying a new or existing home
• you buy a home in North Carolina and occupy it within 60 days of closing
• your annual income does not exceed $85,000
• you are applying for a FHA, USDA or VA loan through a participating lender and meet the sales price limits of the loan type
• you are a legal resident of the United States, and
• your credit score is 640 or higher.

What Kind of Home Can I Buy?

• New and previously owned single family homes
• Townhouses
• Condominiums
• Duplexes

Additional Help for First-Time Buyers

If you are a first-time homebuyer, you may also be eligible for a Mortgage Credit Certificate (MCC) worth up to $2,000 a year in tax savings. If you qualify, you can claim 30% of your mortgage interest – up to $2,000 per year – as a credit on your federal income taxes, while still claiming the remaining 70% of interest as a deduction. You can receive an immediate benefit from your MCC tax credit by filing a revised W-4 with your employer to increase your take-home pay and help make your house payments more affordable.

How to Apply

NCHFA homebuyer assistance is available statewide through participating lenders. To find a lender near you, go to the Home Buyer section at www.nchfa.com or call 1-800-393-0988.

 

Dawn E White

Vice President ~ Mortgage Loan Officer

Bank of North Carolina

415 Jake Alexander Blvd. West

Salisbury, NC 28147

Office-704.652.7818

Fax-704.647.0967

Cell-704.239.6601

dewhite@bankofnc.com   
 
Thank you, Dawn!  Remember to call Salisbury Real Estate Agent Greg Rapp at 704.213.6846 to see the variety of homes that are available for you to use the NCHFA homebuyer assistance!  See you soon!