NOT LISTED FOR SALE

1501 Penny Ln Kannapolis, NC 28083

Estimated Value: $358,000 - $374,094

2 Beds
3 Baths
1,696 Sq Ft
$214/Sq Ft Est. Value

Last Sold March 01, 2021

Last sale price $255,000 $150 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,216/month

7 Days on Market

About This Home

As of March 2021

Great opportunity! Your chance to own a log home, on a large private lot, but still close to town, I-85, restaurants, shopping, and everything else! Unmistakable character and charm, and you get to provide the finishing touches and updates that make it “your” home! Kitchen is open to the 2 story great room, there is a master on the main level, and an open loft overlooking the great room with skylights, as well as a large secondary bedroom with its own bath upstairs! Beautiful wood interior, extra large laundry/mud room, spacious garage. Rest a bit on a real old time front porch, play in the yard, or do projects in the outbuilding with its workbench and roll up door! Versatile basement has an additional garage door – what will you do with it? The stone fireplace in the great room has propane gas logs for convenience, and there is also a stone fireplace n the basement. Tucked away at the end of a private street – your special retreat!

Last Agent to Sell the Property

DeAnne Haney

RE/MAX Leading Edge License #190289 Listed on: 01/25/2021

Co-Listed By

Jody Rich

RE/MAX Leading Edge License #187689

Last Buyer's Agent

Mary Lou Webb

Nest Realty Lake Norman License #293804

Nest Realty Lake Norman

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 0.75

Parking

  • 2

Home Design

  • Rustic Architecture
  • Log Siding

Flooring

  • Carpet
  • Linoleum

Additional Features

  • 3 Full Bathrooms
  • Outbuilding

Listing and Financial Details

  • Assessor Parcel Number 5613-90-4954-0000

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Rustic
  • Ratio Close Price By List Price: 0.96226
  • Ratio Close Price By Original Li: 0.96226
  • Ratio Current Price By Acre: 340000.00
  • Ratio Current Price By Sq Ft: 150.35
  • Year Built: 1987
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 574
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Equipment: Electric Oven, Electric Dryer Hookup, Electric Range
  • Flooring: Carpet, Linoleum
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1122
  • Total Sq Ft: 1696
  • Sq Ft Unheated Basement: 925
  • Sq Ft Unheated Total: 925

Exterior Features

  • Construction: Log
  • Construction Type: Site Built
  • Exterior Features: Outbuilding

Garage/Parking

  • Driveway: Earth
  • Parking: Garage - 2 Car

Utilities

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

Lot Info

  • Lot Dimension: .75
  • Parcel Number: 5613-90-4954-0000
  • Zoning Specification: RM-1

Tax Info

  • Tax Value: 237060.00
  • Tax Location: Kannapls/cab

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2021
Closed on
Mar 1, 2021
Sold by
Bostian Della Jean and Bostian Ronald K
Bought by
Vignola Randi C
Seller's Agent
DeAnne Haney
RE/MAX Leading Edge
Buyer's Agent
Mary Lou Webb
Nest Realty Lake Norman
List Price
$265,000
Sold Price
$255,000
Premium/Discount to List
-$10,000
-3.77%
Current Estimated Value
$363,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,774
Avg. Annual Appreciation
7.92%
Original Mortgage
$250,381
Outstanding Balance
$224,449
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$139,325
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
Vignola Randi C $255,000 Bridge Trust Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vignola Randi C $250,381
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2021 03/01/21 Sold $255,000 -3.8% $150 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $265,000 -- $156 / 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 $3,746 $329,880 $76,500 $253,380
2024 $3,746 $329,880 $76,500 $253,380
2023 $3,248 $237,060 $49,500 $187,560
2022 $3,248 $237,060 $49,500 $187,560
2021 $3,248 $237,060 $49,500 $187,560
2020 $3,248 $237,060 $49,500 $187,560
2019 $2,473 $180,500 $32,000 $148,500
2018 $2,437 $180,500 $32,000 $148,500
2017 $2,401 $180,500 $32,000 $148,500
2016 $2,401 $184,430 $40,000 $144,430
2015 $2,324 $184,430 $40,000 $144,430
2014 $2,324 $184,430 $40,000 $144,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3700664

Canopy MLS (Canopy Realtor® Association)

APN: 5613-90-4954-0000