509 5th Street
Spencer, NC, 28159 $ 225,000
Bedrooms3 Baths2.0 Sq 1,620 Monthly Estimate*
$ 1,554
for $225,000 with 3 bedrooms and 2 full baths. This 1,620 square foot home was built in 1922 on a lot size of 0.17.
SELLER IS OFFERING $3,000 IN CONCESSIONS WITH AN ACCEPTABLE OFFER! Welcome to 509 5th Street in Spencer, where classic character, generous living space, and modern comfort come together in a home that is ready for its next chapter. This charming 3-bedroom, 2-bath home offers approximately 1,620 square feet of one-level living, giving you the space you need without sacrificing the warmth and personality that make an older home special. From the moment you arrive, the inviting covered front porch sets the tone—an ideal place to enjoy your morning coffee, unwind at the end of the day, or simply take in the neighborhood. Step inside and you’ll immediately notice the beautiful wood flooring, abundant natural light, and spacious rooms that give this home an open, comfortable feel. The living areas offer plenty of room for both relaxing and entertaining, while the classic fireplace adds an eye-catching focal point and a touch of timeless charm. The kitchen provides ample cabinetry and workspace along with a dishwasher, electric range, and refrigerator, making it easy to settle in and start enjoying the home from day one. The primary bedroom features its own en-suite bathroom, creating a private retreat, while two additional bedrooms offer flexibility for family, guests, a home office, hobby room, or whatever best fits your lifestyle. A dedicated laundry room adds another layer of everyday convenience. Outside, the property continues to deliver with a detached one-car garage, providing valuable parking, storage, workshop, or hobby space. The approximately 0.17-acre lot offers manageable outdoor space without overwhelming maintenance, and with NO HOA, you can enjoy homeownership without monthly association dues. The home is also connected to city water and city sewer and features central air and a heat pump for year-round comfort. Whether you’re searching for your first home, looking to simplify with one-level living, or simply want a property that combines character, space, convenience, and value, 509 5th Street deserves a closer look. And with the seller offering $3,000 in concessions with an acceptable offer, buyers may have an opportunity to put those funds toward allowable closing costs, prepaid expenses, or other lender-approved expenses. Don’t just scroll past this one—schedule your private showing and come see what makes 509 5th Street a place you’ll want to call home.
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FeaturesGeneralLiving Area 1620
Sewer Public Sewer
Heating Heat Pump
Cooling Central Air
Appliances Dishwasher Electric Range Electric Water Heater Refrigerator
Development Status Completed
Zoning R-6
Garage Spaces 1
Construction Materials Vinyl
Year Built 1922
Levels One
Property Subtype Single Family Residence
Parcel Number 033222
Waterfront Features None
County Rowan
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N Y
Full Baths 2
High School North Rowan
City Spencer
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School North Rowan
Middle/Junior High School North Rowan
Additional Parcels Y/N N
Standard Status Active
Construction Type Site Built
Tax Assessed Value 170295
Listing Terms Cash Conventional FHA VA Loan
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ExteriorParking Features Detached Garage
Water Source City
Lot Size Area 0.17
Foundation Details Crawl Space
Road Surface Type Concrete Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN Y
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InteriorBasement (Y/N) N
Fireplace Y/N Y
Above Grade Finished Area 1620
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
SqFt Main 1620
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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* Excluded FeaturesList ByLifestyle International RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,554
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Spencer, NC
Average List Price $213,953
Percent of Sale Price 5%
About Spencer, NC 3,259 Population
-5% Since 2002
$ 42,811 Median Income
39.69 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
293247 Elementary School
293909 Middle School
North Rowan High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/12/2026 | $225,000 | -1.75% | Price Down |
| 9/13/2026 | $229,000 | -2.55% | Price Down |
| 6/23/2026 | $235,000 | | Listed Price |