$103,000
SOLD APR 14, 2020

1331 E Cannon Ave Albemarle, NC 28001

3 Beds
3 Baths
1,676 Sq Ft
0.25 Acres

Recently Sold

$61 Per Sq Ft

14% Below List Price

23 Days on Market

About This Home

As of April 2024

Affordable home with 3 bedrooms and 3 full baths located convenient to everything! Nice large detached garage shop. Kitchen appliances convey only. Seller is willing to pay up to $5000 for a new roof at closing with an acceptable offer.

Last Agent to Sell the Property

Michele Browne

Deeter Real Estate License #240694 Listed on: 01/31/2020

Last Buyer's Agent

Michele Browne

Deeter Real Estate License #240694 Listed on: 01/31/2020

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Flooring

  • Engineered Wood
  • Tile

Additional Features

  • 3 Full Bathrooms
  • Crawl Space
  • Separate Outdoor Workshop

Listing and Financial Details

  • Assessor Parcel Number 6558-01-07-1531

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.87660
  • Ratio Close Price By Original Li: 0.85905
  • Ratio Current Price By Acre: 412000.00
  • Ratio Current Price By Sq Ft: 61.46
  • Year Built: 1935
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Electric Oven
  • Flooring: Carpet, Prefinished Wood, Tile
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1676
  • Total Sq Ft: 1676

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Workshop

Garage/Parking

  • Driveway: Gravel
  • Parking: Garage - 1 Car

Utilities

  • Heating: Central Air, Electric Hot Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Dimension: 75 x 150
  • Lot Size Area: 0.250
  • Parcel Number: 6558-01-07-1531
  • Zoning Specification: R-10

Tax Info

  • Tax Value: 73253.00
  • Tax Location: Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Apr 16, 2024
Sold by
Kroger Jordyn M
Bought by
Corral Eliseo Mata and Cervantes Rita Berenise
Seller's Agent
Bri Russell
The Agency - Charlotte
Buyer's Agent
Emir Portanova
Paola Alban Realtors
List Price
$249,900
Sold Price
$245,000
Premium/Discount to List
-$4,900
-1.96%
Views
82
Current Estimated Value
$251,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,005
Avg. Annual Appreciation
1.91%
Original Mortgage
$220,500
Outstanding Balance
$217,916
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$33,089

Purchase Details

Listed on
Jan 31, 2020
Closed on
Apr 13, 2020
Sold by
Leake Jasmine B and Leafer Glenn
Bought by
Kroger Jordyn M
Seller's Agent
Michele Browne
Deeter Real Estate
Buyer's Agent
Michele Browne
Deeter Real Estate
List Price
$119,900
Sold Price
$103,000
Premium/Discount to List
-$16,900
-14.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.12%
Original Mortgage
$99,562
Interest Rate
3.4%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2013
Sold by
Cauble John M and Cauble Trista
Bought by
Leake Jimmy R and Leake Jasmine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 14, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cauble John M

Purchase Details

Closed on
Feb 28, 2010
Sold by
Pulley Michael and Pulley Michael O
Bought by
Federal Home Loan Mortgage Corporation
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 $245,000 None Listed On Document
Warranty Deed $103,000 None Available
Warranty Deed $84,000 None Available
Special Warranty Deed -- None Available
Trustee Deed $49,098 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $220,500 New Conventional
Previous Owner $99,562 FHA
Previous Owner $73,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2024 04/16/24 Sold $245,000 -2.0% $186 / Sq Ft
02/04/2024 02/04/24 For Sale $249,900 +142.6% $189 / Sq Ft
04/14/2020 04/14/20 Sold $103,000 -12.3% $61 / Sq Ft
02/23/2020 02/23/20 Pending -- -- --
02/12/2020 02/12/20 Price Changed $117,500 -2.0% $70 / Sq Ft
01/31/2020 01/31/20 For Sale $119,900 0.0% $72 / Sq Ft
03/30/2016 03/30/16 Rented $750 0.0% --
03/30/2016 03/30/16 For Rent $750 -- --
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
2024 $1,255 $102,848 $8,100 $94,748
2023 $1,255 $102,848 $8,100 $94,748
2022 $1,255 $102,848 $8,100 $94,748
2021 $1,255 $102,848 $8,100 $94,748
2020 $950 $73,253 $7,200 $66,053
2019 $960 $73,253 $7,200 $66,053
2018 $960 $73,253 $7,200 $66,053
2017 $923 $73,253 $7,200 $66,053
2016 $883 $70,083 $7,200 $62,883
2015 $892 $70,083 $7,200 $62,883
2014 $634 $70,083 $7,200 $62,883
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3587708

Canopy MLS (Canopy Realtor® Association)

APN: 6558-01-07-1531