NOT LISTED FOR SALE

1054 Madras Ct Kannapolis, NC 28081

Estimated Value: $726,000 - $829,000

4 Beds
2.5 Baths
2,719 Sq Ft
$289/Sq Ft Est. Value

Last Sold August 24, 2021

Last sale price $525,000 $193 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,451/month

2 Days on Market

About This Home

As of August 2021

This house has it all! Beautifully redone hardwoods throughout the entire down stairs. A fresh coat of neutral color paint ready for your personal touch. Tons of storage throughout your new home. One of the largest lots in Archer Ridge at almost 1.2 acres.

Last Agent to Sell the Property

Chris Puckett

Lantern Realty & Development, LLC License #279213 Listed on: 07/15/2021

Last Buyer's Agent

Zach Stamey

NorthGroup Real Estate LLC License #192052

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 1.2

Parking

  • 2

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Crawl Space

Additional Features

  • Outbuilding
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 249I015

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 437500.00
  • Ratio Current Price By Sq Ft: 193.09
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 1412
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Ceiling Fan(s), Cooktop Electric, Dishwasher, Double Oven, Microwave
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 1307
  • Total Sq Ft: 2719

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Outbuilding

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Lot Info

  • Parcel Number: 249I015
  • Zoning Specification: RA

Tax Info

  • Tax Value: 358293.00
  • Tax Location: Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 19, 2021
Sold by
Cromer Joseph C and Cromer Amanda N
Bought by
Stacy Frank C and Stacy Carol Ann
Seller's Agent
Chris Puckett
Lantern Realty & Development, LLC
Buyer's Agent
Zach Stamey
NorthGroup Real Estate LLC
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$785,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,277
Avg. Annual Appreciation
9.54%
Original Mortgage
$498,750
Outstanding Balance
$453,518
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$331,759

Purchase Details

Closed on
Jul 31, 2008
Sold by
Wynsor Homes Inc
Bought by
Cromer Joseph C and Cromer Amanda N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,405
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 10, 2007
Sold by
Topaz Development Inc
Bought by
Wynsor Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,653
Interest Rate
6.63%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Stacy Frank C $525,000 None Available
Cromer Joseph C $350,000 None Available
Wynsor Homes Inc $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stacy Frank C $498,750
Previous Owner Cromer Joseph C $332,405
Previous Owner Wynsor Homes Inc $288,653
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2021 08/24/21 Sold $525,000 0.0% $193 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $525,000 -- $193 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,430 $653,919 $76,000 $577,919
2024 $4,430 $653,919 $76,000 $577,919
2023 $4,316 $637,049 $76,000 $561,049
2022 $2,705 $358,293 $68,000 $290,293
2021 $2,633 $358,293 $68,000 $290,293
2020 $2,633 $358,293 $68,000 $290,293
2019 $2,633 $358,293 $68,000 $290,293
2018 $2,397 $328,868 $68,000 $260,868
2017 $2,397 $328,868 $68,000 $260,868
2016 $2,397 $328,868 $68,000 $260,868
2015 $2,434 $328,868 $68,000 $260,868
2014 $2,295 $324,447 $68,000 $256,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3761679

Canopy MLS (Canopy Realtor® Association)

APN: 249-I015