See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1440 Majolica Rd, Salisbury, NC, 28147

4beds
1baths
1,466sqft
$235,000
$160price/sqft
$1,728/moest. monthly cost
$69,120/yrincome needed

About This Home

$15K price improvement — creating an even stronger opportunity for investors ready to add value. This 4-bedroom home in Salisbury, situated on approximately 0.50 acres, presents a compelling opportunity for renovation or rental repositioning. With 1,466 heated square feet, the property offers flexibility for buyers looking to improve and increase overall value. Currently configured with 1 bathroom, there may be potential to rework the layout and add an additional bathroom — a strategic upgrade that could enhance both resale value and rental appeal. The interior utility room provides dedicated laundry space, while the detached 2-car carport with a rear work area adds functionality for storage, workshop use, or future improvements. The generous lot size is a key feature, offering room to enhance curb appeal, expand outdoor living, or explore additional possibilities. Serviced by a private well, this property is ideal for investors seeking a project with upside in a growing area. With the recent price adjustment, this opportunity becomes even more attractive for those looking to maximize returns. Schedule your showing and explore the potential this property has to offer.

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

2/10
Hurley Elementary SchoolGrades PK-51.8 mi
1/10
West Rowan Middle SchoolGrades 6-83.6 mi
2/10
West Rowan High SchoolGrades 9-126.1 mi

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Crawl Space
  • Roof: Composition
  • Construction materials: Brick Partial,Vinyl

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Microwave,Refrigerator
  • Laundry features: Inside,Laundry Room,Main Level

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,466

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,466
  • Total interior livable area: 1,466 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Level: Main

Property

Details

  • Parcel number: 451018
  • Zoning: GR3
  • Special condition: Undisclosed

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.50 Acres

Parking

  • Total spaces: 2
  • Parking features: Detached Carport,Driveway
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Ice Storm
Inland Flooding
Lightning
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Rowan County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,188$14,256
Home Insurance *$98$1,176
Property Taxes $242$2,904
Electricity $200$2,405
Total$1,728$20,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$59,245/yr
40% on housing$51,840/yr
45% on housing$46,080/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 6.8%
6.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 28147$169
Rowan County$158

vs Homes Sold Last Month

Median $/sqft

ZIP 28147$182
Rowan County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-15Price change$235,000
2026-02-21Listed for sale$250,000
2023-05-15Sold$215,000
2023-03-23Price change$232,000
2023-03-01Listed for sale$242,000
2022-11-22Sold$145,000

For Sale by Agent

AgentWendi Valencia Escalera
BrokerageRealty One Group Revolution

Similar Homes