$360,000
SOLD MAY 12, 2025

118 Springway Dr Kannapolis, NC 28081

3 Beds
2 Baths
1,351 Sq Ft
0.7 Acres

Recently Sold

$266 Per Sq Ft

9% Below List Price

15 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Covered Patio or Porch
  • Northwest Cabarrus High Rated A-
  • Terrace
  • 2 Car Attached Garage

About This Home

As of May 2025

Better Than New! This full brick ranch features 3 bedrooms and 2 baths with a spacious open-concept plan that seamlessly connects the kitchen, breakfast area, dining area, and great room (which has a wood-burning fireplace). Recent updates include refinished hardwood floors, fresh paint, new HVAC system, new windows, and a new vapor barrier, plus so much more! You'll also enjoy the .70 acres with multiple entertaining spaces, including a covered porch, terrace, and fire pit within the fenced backyard. The two car garage boasts a sleek new epoxy floor. This charming home is a "must see." Schedule your tour today! ATTENTION AGENTS AND BUYERS: PLEASE NOTE THE CHANGE IN HEATED LIVING AREA AND THE CORRESPONDING PRICE REDUCTION. WE JUST RECEIVED PROFESSIONAL MEASUREMENTS, AND THEY DIFFER FROM THE TAX CARD. NO MISREPRESESTATION WAS INTENDED. BOTH MEASUREMENST AND TAX CARD CAN BE VIEWED IN THE ATTACHMENTS!

Last Agent to Sell the Property

Thecla Widenhouse

Howard Hanna Allen Tate Concord Brokerage Email: thecla.widenhouse@allentate.com License #212215 Listed on: 03/26/2025

Howard Hanna Allen Tate Concord

Last Buyer's Agent

Christine Rolon

Howard Hanna Allen Tate Concord License #350578

Howard Hanna Allen Tate Concord

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,941

Year Built

  • Built in 1992

Lot Details

  • Back Yard Fenced
  • Property is zoned R4

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Ranch Style House
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,351 Sq Ft Home
  • Wired For Data
  • Insulated Windows
  • Great Room with Fireplace
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Sustainable
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Terrace
  • Shed

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Southwood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5612 65 7681 0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,941

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1992
  • Second Living Quarters: None
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 266.47
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: thecla.widenhouse@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Sustainable, Tile, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1351
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator with Ice Maker
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 1351
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace Features: Great Room
  • Living Area: 1351
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 1
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Back Yard
  • Waterfront Features: None
  • Construction Type: Brick Full
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Front Porch, Patio, Rear Porch, Terrace

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Faces Front

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen, Laundry Closet
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Street Lights
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.709
  • Lot Size Units: Acres
  • Parcel Number: 5612 65 7681 0000
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R4

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2025
Closed on
May 12, 2025
Sold by
Mcrorie Cathy Drye and Doran Patrick Dale
Bought by
Sankar Roy and Sankar Christine
Seller's Agent
Thecla Widenhouse
Howard Hanna Allen Tate Concord
Buyer's Agent
Christine Rolon
Howard Hanna Allen Tate Concord
List Price
$394,900
Sold Price
$360,000
Premium/Discount to List
-$34,900
-8.84%
Views
74
Current Estimated Value
$360,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$552
Avg. Annual Appreciation
0.39%
Original Mortgage
$353,479
Outstanding Balance
$352,227
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$8,325

Purchase Details

Closed on
Mar 9, 2004
Sold by
Mcrorie Michael L
Bought by
Mcrorie Cathy Drye
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $360,000 None Listed On Document
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $353,479 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Sold $360,000 -4.0% $266 / Sq Ft
03/26/2025 03/26/25 Price Changed $374,900 -5.1% $277 / Sq Ft
03/26/2025 03/26/25 For Sale $394,900 -- $292 / 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 $2,941 $259,000 $65,000 $194,000
2024 $2,941 $259,000 $65,000 $194,000
2023 $2,332 $170,220 $39,000 $131,220
2022 $2,332 $170,220 $39,000 $131,220
2021 $2,332 $170,220 $39,000 $131,220
2020 $2,332 $170,220 $39,000 $131,220
2019 $2,034 $148,460 $32,000 $116,460
2018 $2,004 $148,460 $32,000 $116,460
2017 $1,975 $148,460 $32,000 $116,460
2016 -- $133,040 $30,000 $103,040
2015 $1,676 $133,040 $30,000 $103,040
2014 $1,676 $133,040 $30,000 $103,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4238053

Canopy MLS (Canopy Realtor® Association)

APN: 5612-65-7681-0000