$145,000
SOLD APR 28, 2025

108 Franklin Ave Kannapolis, NC 28081

2 Beds
1 Bath
971 Sq Ft
0.29 Acres

Recently Sold

$149 Per Sq Ft

22% Below List Price

30 Days on Market

About This Home

As of April 2025

Welcome to this cute 2 bedroom 1 bathroom home, perfect for a first-time homebuyer or investor! Nestled just minutes from downtown Kannapolis, shopping, dining and more! The cozy living space and spacious fenced-in backyard is perfect for relaxing and entertaining.

Last Agent to Sell the Property

Lissette Rodriguez

Lantern Realty & Development, LLC Brokerage Email: lissyrealty@gmail.com License #344353 Listed on: 03/14/2025

Lantern Realty & Development, LLC

Last Buyer's Agent

Lissette Rodriguez

Lantern Realty & Development, LLC Brokerage Email: lissyrealty@gmail.com License #344353 Listed on: 03/14/2025

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,121

Year Built

  • Built in 1900

Lot Details

  • Property is zoned 5614

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 971 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Electric Range
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • Cannon Mills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 142A118

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,121

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Road Surface Type: Gravel, Dirt
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 149.33
  • Geocode Confidence: High
  • Attribution Contact: lissyrealty@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 971
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Range, Refrigerator
  • Above Grade Finished Sq Ft: 971
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 971
  • Bedroom Main: 2
  • Room Count: 3

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.29
  • Lot Size Units: Acres
  • Parcel Number: 142A118
  • ResoLotSizeUnits: Acres
  • Zoning Specification: 5614

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
Apr 25, 2025
Sold by
Wilson Anjali
Bought by
Penaloza Jose Amador Sorro and Herrera Chavez Abentura
Seller's Agent
Lissette Rodriguez
Lantern Realty & Development, LLC
Buyer's Agent
Lissette Rodriguez
Lantern Realty & Development, LLC
List Price
$185,000
Sold Price
$145,000
Premium/Discount to List
-$40,000
-21.62%
Views
38
Current Estimated Value
$154,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,956
Avg. Annual Appreciation
22.29%

Purchase Details

Listed on
Nov 17, 2017
Closed on
Feb 23, 2018
Sold by
Beach Blake Anthony and Beach Bailey Anne
Bought by
Wilson Anjali
Seller's Agent
DeAnne Haney
RE/MAX Leading Edge
Buyer's Agent
Leslie Harrison
Team Thomas & Associates Realty Inc.
List Price
$99,900
Sold Price
$98,000
Premium/Discount to List
-$1,900
-1.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$96,224
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2011
Sold by
Mcguire Richard and Mcguire Teresa
Bought by
Beach Blake Anthony and Beach Bailey Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,352
Interest Rate
4.82%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2010
Sold by
Secretary Of Housing & Urban Development
Bought by
Mcguire Richard

Purchase Details

Closed on
Jun 5, 2009
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 Investors Title
Warranty Deed $98,000 None Available
Warranty Deed $65,000 None Available
Special Warranty Deed -- None Available
Special Warranty Deed -- None Available
Trustee Deed $66,739 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,600 New Conventional
Previous Owner $103,500 New Conventional
Previous Owner $96,224 FHA
Previous Owner $2,886 Unknown
Previous Owner $2,583 FHA
Previous Owner $63,352 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $145,000 -21.6% $149 / Sq Ft
03/14/2025 03/14/25 For Sale $185,000 +88.8% $191 / Sq Ft
02/23/2018 02/23/18 Sold $98,000 -1.9% $101 / Sq Ft
01/21/2018 01/21/18 Pending -- -- --
11/17/2017 11/17/17 For Sale $99,900 -- $103 / 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 $1,121 $92,665 $17,066 $75,599
2024 $1,121 $92,665 $17,066 $75,599
2023 $1,121 $92,665 $17,066 $75,599
2022 $808 $62,776 $14,168 $48,608
2021 $808 $62,776 $14,168 $48,608
2020 $808 $62,776 $14,168 $48,608
2019 $808 $62,776 $14,168 $48,608
2018 $712 $55,934 $14,168 $41,766
2017 $712 $55,934 $14,168 $41,766
2016 $712 $55,934 $14,168 $41,766
2015 $723 $55,934 $14,168 $41,766
2014 $721 $57,658 $14,168 $43,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4233486

Canopy MLS (Canopy Realtor® Association)

APN: 142-A118