NOT LISTED FOR SALE

1048 Mclain Rd Kannapolis, NC 28083

Estimated Value: $285,000 - $318,709

3 Beds
2.5 Baths
1,517 Sq Ft
$195/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $275,000 $181 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,848/month

125 Days on Market

Highlights

  • New Construction
  • Walk-In Closet
  • Zoned Cooling
  • Open Floorplan
  • Kitchen Island
  • 1 Car Garage

About This Home

As of May 2023

This home now has up to $22,500 in credits available. Use up to$10,000 for Down payment assistance, $7,500 rate buy down or closing costs in GRANTS. Builder also is offering $5,000 closing cost. Have your realtor contact us for information to qualify. Minutes from downtown Kannapolis and all it has to offer, new baseball field, downtown revitalization with great shopping and dining options; easy access to I-85. This new home with great modern finishes offers 3-bedrooms, 2.5 baths. Featuring beautiful floors, soft close cabinets, quarts counter tops, stainless steel appliance, beautifully tiled bathrooms. Open floor plan, laundry on 2nd level, garage and a back yard. This is a must-see best value in Kannapolis. No HOA due until January 1, 2024. Let’s not forget the 2-10 Builders Warranty offered by Builder.

Last Agent to Sell the Property

George Fountas

The NC Pinnacle Real Estate Group License #276599 Listed on: 12/02/2022

Last Buyer's Agent

Sharise Lloyd

Carod Properties License #246094

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,074

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 4,094 Sq Ft Lot
  • Lot Dimensions are 20x150

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Entry on the 2nd floor
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Insulated Windows
  • Laminate Flooring
  • Electric Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Utilities

  • Zoned Cooling
  • Electric Water Heater

Community Details

  • Built by RES-NC Construction LLC
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 56231495260000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,074

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$40 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2023
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 181.28
  • Special Features: NewHome

Interior Features

  • Foundation Details: Other - See Remarks
  • Entry Level: 2
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 642
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 88
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 88
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 875
  • Appliances: Dishwasher, Disposal, Electric Range, Electric Water Heater
  • Above Grade Finished Sq Ft: 1517
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Door(s)
  • Entry Location: Main
  • Living Area: 1517
  • Window Features: Insulated Window(s)
  • Room Count: 8
  • Sq Ft Other: 31

Exterior Features

  • New Construction: Yes
  • Construction Type: Site Built
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 231
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Upper Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Zoned
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 40
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: none
  • Senior Community: No
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 480.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.094
  • Lot Size Units: Acres
  • Parcel Number: 56231495260000
  • Plat Reference Section Pages: 55
  • Land Included Yn: 1
  • Development Status: Completed
  • Lot Size Acres: 0.094
  • Lot Size: 20x150
  • Lot Size Sq Ft: 4094
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R18

Building Info

  • Builder Name: RES-NC Construction LLC

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2022
Closed on
Apr 20, 2023
Sold by
Res-Nc Restoration Llc
Bought by
Menton Michele
Seller's Agent
George Fountas
The NC Pinnacle Real Estate Group
Buyer's Agent
Sharise Lloyd
Carod Properties
List Price
$290,000
Sold Price
$275,000
Premium/Discount to List
-$15,000
-5.17%
Views
28
Current Estimated Value
$295,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,927
Avg. Annual Appreciation
3.09%
Original Mortgage
$209,859
Outstanding Balance
$203,799
Interest Rate
6.39%
Estimated Equity
$92,128
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Menton Michele $275,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menton Michele $209,859
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $275,000 -1.8% $181 / Sq Ft
04/01/2023 04/01/23 Price Changed $279,950 0.0% $185 / Sq Ft
03/16/2023 03/16/23 Price Changed $279,900 0.0% $185 / Sq Ft
02/22/2023 02/22/23 Price Changed $280,000 -3.4% $185 / Sq Ft
12/02/2022 12/02/22 For Sale $290,000 -- $191 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,074 $270,730 $50,000 $220,730
2024 $3,074 $270,730 $50,000 $220,730
2023 -- $158,540 $26,000 $132,540
Source: Public Records

Agents Affiliated with this Home

  • George Fountas

    Seller's Agent in 2023

    George Fountas

    The NC Pinnacle Real Estate Group

    (704) 530-8867

    31 in this area

    50 Total Sales

    George Fountas
    Section Image

  • S

    Buyer's Agent in 2023

    Sharise Lloyd

    Carod Properties

    (704) 890-0918

    1 in this area

    9 Total Sales

    Sharise Lloyd
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3926195

Canopy MLS (Canopy Realtor® Association)

APN: 5623-14-9526-0000

North Carolina Cabarrus County Kannapolis 28083

1048 Mclain Rd, Kannapolis, NC

This home is located at 1048 Mclain Rd, Kannapolis, NC 28083 since 02 December 2022 and is currently estimated at $295,927, approximately $195 per square foot. This property was built in 2023. 1048 Mclain Rd is a home located in Cabarrus County with nearby schools including Forest Park Elementary School, Kannapolis Middle, and A.L. Brown High School.

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