NOT LISTED FOR SALE

1106 Mount Olivet Rd Kannapolis, NC 28083

Kannapolis Area
6 Beds
4 Baths
2,169 Sq Ft
0.51 Acre Lot

Sale Details

Date Sold: March 27, 2024

Last sale price $350,000 $161 Per Sq Ft

77 Days on Market

Highlights

  • Laundry Room
  • Central Air
  • Level Lot
  • Tile Flooring

About This Home

As of March 2024

Investment Opportunity in a GREAT Location!! This duplex is ready for its next investor. Convenient access to Concord, Kannapolis, shops, restaurants, medical facilities & Hwy I-85. Each unit has 3 bedrooms, 2 full baths, laundry rooms & is over 1000 sq ft per side with individual concrete driveways per side. Heat pumps-approx 3yrs old, roof approx.7 yrs old, all electric (no gas), ceramic tile floors & windows have been replaced. Currently, both units are tenant-occupied, ensuring immediate rental income & Tenant pays all utilities. Whether you're looking for steady rental income or a place to eventually call home while leveraging the potential of the other unit, this duplex is a great choice. Home to be sold “As Is”. Seller to make no repairs-there are a few broken floor tiles & kitchen cab's are older. Stoves & refrigerators are tenant owned & do not convey.. Seller will NOT consider seller financing.

Last Agent to Sell the Property

Christine Stewart

Howard Hanna Allen Tate Concord Brokerage Email: christine.stewart@allentate.com License #189875 Listed on: 12/06/2023

Howard Hanna Allen Tate Concord

Last Buyer's Agent

Matthew Novak

NorthGroup Real Estate LLC License #256091

NorthGroup Real Estate LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1994

Lot Details

  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,169 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • Driveway
  • 4 Open Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Carolina Air Park Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 5622-24-5943-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1994

Lot Details

0.51 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1994
  • Road Surface Type: Concrete, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: christine.stewart@allentate.com
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Tile
  • Appliances: Electric Water Heater
  • Owner Pays: None
  • Above Grade Finished Sq Ft: 2169
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Living Area: 2169
  • Building Stories: 1

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Assigned, Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Unit, Utility Room, Inside, Laundry Room
  • 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 Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 5622-24-5943-0000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Mar 27, 2024
Sold by
Bought by
Seller's Agent
Christine Stewart
Howard Hanna Allen Tate Concord
Buyer's Agent
Matthew Novak
NorthGroup Real Estate LLC
List Price
$375,900
Sold Price
$350,000
Premium/Discount to List
-$25,900
-6.89%
Views
195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$343,660
Interest Rate
0.0675%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 12, 2006
Sold by
Bought by

Purchase Details

Closed on
Jan 2, 2001
Sold by
Bought by

Purchase Details

Closed on
Nov 1, 1993
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 None Listed On Document
-- None Available
$125,000 --
$12,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $343,660
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/27/2024 03/27/24 Sold $350,000 0.0% $161 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/09/2024 02/09/24 Price Changed $350,000 -6.9% $161 / Sq Ft
12/06/2023 12/06/23 For Sale $375,900 -- $173 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,287 $289,470 $47,000 $242,470
2024 $3,287 $289,470 $47,000 $242,470
2023 $2,072 $151,240 $28,000 $123,240
2022 $2,072 $151,240 $28,000 $123,240
2021 $2,072 $151,240 $28,000 $123,240
2020 $2,072 $151,240 $28,000 $123,240
2019 $1,868 $136,340 $20,000 $116,340
2018 $1,841 $136,340 $20,000 $116,340
2017 $1,813 $136,340 $20,000 $116,340
2016 $1,813 $139,180 $25,000 $114,180
2015 $1,754 $139,180 $25,000 $114,180
2014 $1,754 $139,180 $25,000 $114,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 4092395

Canopy MLS

APN: 5622 24 5943

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