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$185,000
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Property Description
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!
Full Property Details
Full Property Details for 402 N Salisbury Ave
General
- Price: $185,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4342111
- Updated: 3/17/2026
- Added to Site: 95 day(s) ago
Interior
- Interior Features: Built-in Features
- Fireplace: Yes
- Fireplace(s): Other - See Remarks, Other - See Remarks
- Appliances: Electric Range, Refrigerator, Washer/Dryer
- Flooring: Linoleum, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 2
- Bedrooms Main & Up: 2
Other Rooms
- Laundry: Laundry Room, Main Level
Parking
- Carports: Yes
- Parking Features: Attached Carport, Driveway
Location
- County: Rowan
- Driving Directions: I 85 exit 79 Spencer/East Spencer exit toward downtown Spencer on Old Union Church Rd, take right on N Salisbury Ave, home immediately on left.
School Information
- Elementary School: North Rowan
- Middle School: North Rowan
- High School: North Rowan
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Asbestos
- Roof: Composition
- Main/1st Level: 1,612 Sq. Ft.
- Year Built: 1913
Lot Features
- Street/Road Desc.: Gravel, Paved
- Lot Features: Level
- Fencing (Description): Back Yard
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 35196
- Lot Number: 1344-416
Listed by Howard Hanna Allen Tate Concord
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Schools
Schools serving 402 N Salisbury Ave
School District:Rowan-Salisbury Schools
| Name | Grades | Distance |
|---|---|---|
North Rowan Elementary School 600 Charles Street, Spencer, NC 28159 | PK-5 | 0.7 mi |
North Rowan Middle School 512 Charles Street, Spencer, NC 28159 | 6-8 | 0.6 mi |
North Rowan High School 300 North Whitehead Avenue, Spencer, NC 28159 | 9-12 | 0.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 402 N Salisbury Ave
Date
Details
Price
Change
Source
3/17/2026
Price Reduced
$185,000
-2.63%
MLS
2/03/2026
Listed
$190,000
130.3%
MLS
3/02/2020
Sold
$82,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 402 N Salisbury Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,614
—
$142,868
—
2023
$1,614
41%
$142,868
64%
2022
$1,142
—
$87,027
—
2021
$1,142
—
$87,027
—
2020
$1,142
—
$87,027
—
2019
$1,142
8%
$87,027
7%
2018
$1,058
—
$81,527
—
2017
$1,058
—
$81,527
—
2016
$1,058
—
$81,527
—
2015
$1,058
-2%
$81,527
-5%
2014
$1,079
2%
$85,691
—
2013
$1,055
—
$85,691
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 402 N Salisbury Ave
402 N Salisbury Avenue, Spencer, NC 28159 (MLS# 4342111) is a Single Family property with 2 bedrooms and 1 full bathroom. 402 N Salisbury Avenue is currently listed for $185,000 and was received on February 03, 2026. Want to learn more about 402 N Salisbury Avenue? Do you have questions about finding other Single Family real estate for sale in Spencer? You can browse all Spencer real estate or contact a Coldwell Banker agent to request more information.

