Spencer · Spencer, NC
402 N Salisbury Avenue
Spencer, NC · 1,612 sqft
$185,000
Reduced from $190,000
- 2Beds
- 1Baths
- 1,612SqFt
- 1913Year
- 42Days on market
About this home
Discover the potential of this spacious 2 bedroom, 1 bathroom home, situated in Spencer with unmatched convenience. Located less than 2 miles from I-85, this property offers good proximity to new Rowan County industries, as well as a wealth of local shopping, restaurants, and entertainment options including the North Carolina Transportation Museum. From the expansive wrap-around front porch, step inside and be captivated by the home's historic charm, featuring high ceilings and beautiful original wood floors that run throughout. French doors complete with glass knobs open into the center of the home. The generously sized rooms present a fantastic opportunity for the new owner to bring their vision and creativity to make this residence a stunning showcase. The property sits on a level lot of nearly half an acre, providing ample outdoor space. Peace of mind comes with several recent updates, including a new gas furnace (2025), an electric hot water heater replaced in 2021, and a newer electric box installed in 2024. This home is being sold strictly "as-is." Please note that all fireplaces are sealed and have never been operated by the seller. Don't miss your chance to own a piece of Spencer with great bones and an unbeatable location!
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 1,612
- Lot
- —
- Year built
- 1913
- Type
- Single Family
- Days on market
- 42
- Heating
- Natural Gas
- Cooling
- Central Air
- Foundation
- Crawl Space
- Flooring
- Linoleum, Wood
Features
- Built-in Features
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,361/ month
- Principal & interest
- $1,145
- Property tax (~1.05%)
- $161
- Homeowners insurance
- $53
- HOA dues
- —
Down payment
$9,250 down · $175,750 financed
Income to qualify (28% rule)
~$58,354 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.