197 North 2nd Street, Albemarle, NC 28001

Downtown Albermarie, Stanly
Building in Downtown Albermarie
3 Stories
Built in 1925
197 N 2nd Street - Photo 1
197 N 2nd Street, Apt 003
Downtown Albermarie, Stanly
$2,195
|
1 Bed
|
1 Bath
By Russ Hollins
197 N 2nd Street - Photo 1
197 N 2nd Street, Apt 001
Downtown Albermarie, Stanly
$1,995
|
2 Bed
|
1 Bath
By Russ Hollins
Welcome to 197 North 2nd Street, a building located in Downtown Albermarie, Stanly in Albemarle, NC. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1925. There are a total of 3 floors. Finally, 197 North 2nd Street was most recently sold on May 19, 2022 for $4,600,000. The market value for the land that the building sits on has been listed at $55,650. In addition, improvements upon the building have an added value of $1,944,308. In total, the total market value of the property as a whole is $1,999,958. According to local assessors, the total value of the building is currently valued at $1,999,958. Specifically, the value of the land that the property sits on has been assessed at $55,650. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Amenities
Doorman
Facts
General
Year Built
1925
Effective Year Built
1925
Bedroom Count
0
Bathroom Count
50
Partial Bathrooms
50
Building Condition
unknown
Building Quality
B
Construction Type
unknown
Building Style
unknown
Exterior Walls Type
Brick veneer
Interior Walls Type
Plaster
Roof Shape Type
Rigid frame bar
Roof Cover Type
Built-up
Floor Count
3
Floor Cover
Wood
Basement Type
Unspecified basement
Basement Area
6,269
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Commercial
Subdivision
ALBEMARLE
Land Acres
0.47
Standard Land Use Code
Commercial (general)
County Land Use Code
unknown
Legal Description 1
APTS 197 N 2ND ST THE RESIDENCES ALB HOTEL 654810208
Ownership
Current Owner
BONNEVILLE MORTGAGE COMPANY
Current Owner's Name
BONNEVILLE MORTGAGE COMPANY
Previous Owner
ALBEMARLE HOTEL DEVELOPMENT LLC
Previous Owner's Name
ALBERMARLE HOTEL
Owner Address - City
ALBEMARLE
Owner Address - State
NC
Owner Address - ZIP Code
28001
Owner Before Previous Owner
IOWAHIRE BANK
Ownership Rights Codes
Company/Corporation
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Stanly County Schools
Census Tract
931204
Census Block Code
3048
Census Group
3
Census Year
2020
Census - Combined Statistical Area - Area Code
172
Census - Combined Statistical Area - Area Name
Charlotte-Concord, NC-SC
Census - County FIPS
37167
Census - Full FIPS
371679312043048
Census - Metro Micro Statistical Area - Area Code
10620
Census - Metro Micro Statistical Area - Area Name
Albemarle, NC
Census - Metro Micro Statistical Area - Area Type
micropolitan
Census - Place FIPS
3700680
Census Source
US Census Bureau
Census State FIPS
37
Census Tract Code
931204
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
3704320
School District - Unified - Name
Stanly County Schools
Zoning
Zoning
CBD
Geography
Account Number
1518807
District
101
Parcel
654801256168
Lot
32
Lot Code
unknown
Municipality
ALBEMARLE TOWNSHIP
Latitude
35.3516
Longitude
-80.1984
FIPS
37167
Mailing Carrier Code
C003
Mailing Street Direction
N
Mailing Full Street Address
197 N 2ND ST
Mailing House Number
197
Mailing Street Mode
ST
Mailing Street
2ND
Mailing 4-Digit Zip Code
4803
Old APN
21041
Geo Status Code
Prior to setting the GEOsource field the default value was 'P'.
Valuation
Timestamp
2023-10-04 02:00:12
UCID Flag
C
More About The Building
In total, the building area is listed as 30,945 square feet. The depth of the property lot was measured at 1,800 square feet and the front at 1,130 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 197 North 2nd Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Downtown Albermarie area have a median price of $2,095. Those in the 25th percentile, have a price around $2,045. While those in the 75th percentile, have a price around $2,145. Typically, the buildings in this area have a median sqft of 1,360. That means that the median price per sqft is around $2. In other words, the price per sqft for buildings in the 25th percentile is $2. While the price per sqft for buildings in the 75th percentile is $2. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There is currently a single advertised one bedroom listing.
  • There is currently a single advertised two bedroom listing.
  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
197 North 2nd Street is located in 28001. There are 26,498 people living here. There are 10,657 households. Most of these households have an average family size of 3.02 people. According to the census, 32% are currently renting while 68% own their homes. The median age of this population is around 42.9 years old. On average, most folks in the zipcode are unmarried. About 7% of folks speak a language other than English in this area. The area's employment rate is currently around 53.2%. Speaking of employment, the median income is $41,947. Most folks will commute by car for around 22.9 minutes. Finally, we know that 32% of residents in the area have graduated with their high school degree. Additionally, 12% and 5% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Stanly County, North Carolina has a population of 60,610 people. Based on census records, there are 23,588 registered households. Families in this area are on average made up of 3.01 people per household. Most folks are married. They are also typically around 42.1 years old. Does diversity matter to you? Right now, 6% of folks speak a language other than English here. About 28% rent while 72% purchased their homes. Right now, the community is made up of 34% of residents who have graduated with at least a high school degree. On top of that, 12% have a Bachelor's degree and 5% have a Master's degree. The employment rate is currently around 54.5%. Those employed, have a median income of $44,140.

Finally, let's take a look at the stats related to Albemarle, NC Urban Area. The urban area is home to 16,797 people. A total of 6,729 households are registered here. With average family sizes being listed at 3.12 people. About 33% of residents have graduated with a high school degree. Of the rest, 11% have their Bachelor's and 5% have their Master's degree. Folks speaking a language other than English, make up about 7% of the population. Looking to move to this urban area? You'll need to look forward to commuting by car for around 21.0 minutes. Speaking of your commute, 51.1% of people in this area are employed. The recorded median income is currently at $35,466 per year. The median population age has been listed at 41.9 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 40% of the population while homeowners are at about 60% of the population.
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Studio Median Rent
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1BR Median Rent
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2BR Median Rent
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3BR Median Rent

Nearby Schools

(within attendance boundary)
Central Elementary  •  0.12 mi
206 N 3rd Street, Albemarle, NC 28001
Public  •  Elementary  •  Grades KG to 5
Stanly County Schools
Albemarle Middle  •  1.69 mi
1811 Badin Road, Albemarle, NC 28001
Public  •  Middle School  •  Grades 6 to 8
Stanly County Schools
Albemarle High  •  1.37 mi
311 Park Ridge Road, Albemarle, NC 28001
Public  •  High School  •  Grades 9 to 12
Stanly County Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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