NOT LISTED FOR SALE

120 Basin Ave Kannapolis, NC 28083

Estimated Value: $118,000 - $174,000

2 Beds
1 Bath
879 Sq Ft
$163/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $85,000 $97 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $866/month

80 Days on Market

About This Home

As of June 2021

INVESTORS! This 2 bedroom 1 bath is the property for you! HVAC less than a year old. The Property was renovated in 2018 with a new deck, installed a washer and dryer hookup, replaced floors, bathtub and vanity, and kitchen cabinets. Photos are of upgrades prior to tenant moving in. A reliable tenant since 2018. UPDATE* lease ends March 2022. Owner purchased home warranty for the year and will transfer the remaining.

Last Agent to Sell the Property

Soraya Taghi

Aspire Real Estate Group INC License #318879 Listed on: 03/08/2021

Last Buyer's Agent

Joshua Pickens

Housewell.Com Realty of North Carolina LLC License #321446

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 7,841

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property
  • Crawl Space

Flooring

  • Laminate
  • Vinyl

Listing and Financial Details

  • Assessor Parcel Number 5613-99-4192-0000

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.73913
  • Ratio Close Price By Original Li: 0.73913
  • Ratio Current Price By Acre: 472222.22
  • Ratio Current Price By Sq Ft: 96.70
  • Year Built: 1930
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Ceiling Fan(s), Electric Dryer Hookup, Electric Range, Refrigerator
  • Flooring: Laminate Wood, Vinyl
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 879
  • Total Sq Ft: 879

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Parking: On-Street Parking

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 50x149x52x154
  • Lot Size Area: 0.180
  • Parcel Number: 5613-99-4192-0000
  • Plat Book Slide: 16/17
  • Zoning Specification: RV

Tax Info

  • Tax Value: 81140.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2023
Sold by
Sales Juan N Martinez and Rosa Ibarra
Bought by
J & R Latino Housing Solution Llc
Current Estimated Value
$143,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,200
Outstanding Balance
$88,016
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$55,452

Purchase Details

Listed on
Mar 8, 2021
Closed on
Jun 18, 2021
Sold by
Investcar Llc
Bought by
Salas Juan N Martinez and Martinez Rosa Ibarra
Seller's Agent
Soraya Taghi
Aspire Real Estate Group INC
Buyer's Agent
Joshua Pickens
Housewell.Com Realty of North Carolina LLC
List Price
$115,000
Sold Price
$85,000
Premium/Discount to List
-$30,000
-26.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.91%

Purchase Details

Listed on
Mar 8, 2021
Closed on
Jun 16, 2021
Sold by
Banner Brandon and Banner Willayna
Bought by
Investcar Llc
Seller's Agent
Soraya Taghi
Aspire Real Estate Group INC
Buyer's Agent
Joshua Pickens
Housewell.Com Realty of North Carolina LLC
List Price
$115,000
Sold Price
$85,000
Premium/Discount to List
-$30,000
-26.09%

Purchase Details

Closed on
Jul 2, 2018
Sold by
Bailey Jason Lamont and Bailey Dana Johnson
Bought by
Banner Brandon and Banner Willayna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,816
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2006
Sold by
Rabon Jason and Rabon Shanon
Bought by
Bailey Jason and Cochran Robyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,650
Interest Rate
8.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 26, 2006
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rabon Jason and Rabon Shanon

Purchase Details

Closed on
Apr 10, 2006
Sold by
Gibson Antonio and Mortgage Electronic Registrati
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 10, 2003
Sold by
Five Star Real Estate Inc
Bought by
Gibson Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,520
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2003
Sold by
Bank One Na
Bought by
Five Star Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
5.88%

Purchase Details

Closed on
Jan 21, 2003
Sold by
Mcfaddin Matt S and Mcfaddin Laura O
Bought by
Bank One Na

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,000
Interest Rate
5.88%

Purchase Details

Closed on
Nov 15, 2000
Sold by
Alexander Ardrey Brice and Mae Ola
Bought by
Mcfaddin Matt S and Mcfaddin Laura O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
7.87%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
J & R Latino Housing Solution Llc -- Res Title
J & R Latino Housing Sol Llc -- Res Title
Salas Juan N Martinez $98,000 None Available
Investcar Llc $85,000 None Available
Banner Brandon $49,000 None Available
Bailey Jason $69,000 None Available
Rabon Jason -- None Available
Federal Home Loan Mortgage Corporation $66,138 None Available
Gibson Antonio $77,000 --
Five Star Real Estate Inc -- --
Bank One Na -- --
Bank One Na $20,300 --
Mcfaddin Matt S $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & R Latino Housing Sol Llc $90,200
Closed J & R Latino Housing Sol Llc $90,200
Previous Owner Banner Brandon $38,816
Previous Owner Bailey Jason $61,650
Previous Owner Gibson Antonio $61,520
Previous Owner Bank One Na $23,000
Previous Owner Mcfaddin Matt S $28,000
Previous Owner Mcfaddin Matt S $23,241
Closed Gibson Antonio $11,535
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2021 06/21/21 Sold $85,000 -26.1% $97 / Sq Ft
06/04/2021 06/04/21 For Sale $115,000 +35.3% $131 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
03/25/2021 03/25/21 Off Market $85,000 -- --
03/08/2021 03/08/21 For Sale $115,000 +137.8% $131 / Sq Ft
09/13/2018 09/13/18 Sold $48,350 -15.2% $54 / Sq Ft View Prior Sale
07/16/2018 07/16/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $57,000 0.0% $63 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $57,000 -- $63 / 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 $1,367 $120,430 $40,000 $80,430
2024 $1,367 $120,430 $40,000 $80,430
2023 $1,112 $81,140 $31,000 $50,140
2022 $1,112 $81,140 $31,000 $50,140
2021 $1,112 $81,140 $31,000 $50,140
2020 $1,112 $81,140 $31,000 $50,140
2019 $666 $48,630 $6,750 $41,880
2018 $695 $51,500 $6,750 $44,750
2017 $685 $51,500 $6,750 $44,750
2016 $685 $55,610 $10,000 $45,610
2015 $701 $55,610 $10,000 $45,610
2014 $701 $55,610 $10,000 $45,610
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3713839

Canopy MLS (Canopy Realtor® Association)

APN: 5613-99-4192-0000