Old Salem’s 1875 Belo-Stockton House: It’s Being Sold for the Second Time in a Year, This Time by a Certain Retired Banker

Houses don’t come up for sale that often in Old Salem, but the Belo-Stockton House is available again for the second time in about 10 months. The previous owners put the house on the market last December and accepted an offer in three days. They were able to close the sale in less than a month, even with the intervening holidays. I guess the buyer had no trouble getting a mortgage. It was an LLC belonging to L.M. Baker Jr., the former chairman of Wachovia.
It’s almost irresistible to linger over our shared memories of Mr. Baker — for those too young to remember, he typically went by his nickname, “Bud,” which rhymes with “mud” — but let’s not let his presence distract us from this wonderful house.
Priced at $440,000 this time, the house has 3 bedrooms and 2 bathrooms in 2,100 square feet ($210/square foot, right about the going rate for top-of-the-line historic houses in the most desirable neighborhoods). Pictures included in the listing suggest the interior and exterior are close to impeccable.
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