NOT LISTED FOR SALE

1502 Burning Lantern Ln Kannapolis, NC 28081

Estimated Value: $442,114 - $466,000

4 Beds
2.5 Baths
2,558 Sq Ft
$176/Sq Ft Est. Value

Last Sold February 28, 2023

Last sale price $415,000 $162 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,812/month

103 Days on Market

Highlights

  • Wooded Lot
  • Community Pool
  • Covered Patio or Porch
  • Northwest Cabarrus High Rated A-
  • Tennis Courts
  • Cul-De-Sac

About This Home

As of February 2023

Located in the popular Lantern Green community in lower Kannapolis, this 4 bed 2.5 bath two story home will not disappoint you with all of it's space and charm! Plenty of space for entertaining. The kitchen features granite countertops, tile flooring, and SS appliances. You will love cozying up near the fireplace ( gas logs) in the living area this winter! Beautiful office space area. Great sized two car garage. Home sits in a quiet cup-de-sac lot. Home is conveniently located in Kannapolis just minutes away from the beautifully renovated downtown area and minutes away from I85 with tons of shopping!! Don't wait, schedule your appointment today!

Last Agent to Sell the Property

Shanise Davis

Lantern Realty & Development, LLC Brokerage Email: sblackmon08@gmail.com License #339240 Listed on: 10/13/2022

Lantern Realty & Development, LLC

Last Buyer's Agent

Kelly Robinson

Lantern Realty & Development, LLC License #316981

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,658

Year Built

  • Built in 1993

Lot Details

  • 10,018 Sq Ft Lot
  • Lot Dimensions are 60x108x121x136
  • Cul-De-Sac
  • Fenced
  • Wooded Lot
  • Property is zoned RM-2

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Warming Drawer
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5612-16-7547-0000

Community Details

Overview

  • Community Association Management Association, Phone Number (704) 565-5009
  • Lantern Green Subdivision
  • Mandatory home owners association

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,658

Year Built

Built in 1993

Lot Details

0

HOA Fees

$36 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1993
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 162.24
  • Attribution Contact: sblackmon08@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1243
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1315
  • Appliances: Dishwasher, Electric Oven, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven, Warming Drawer
  • Above Grade Finished Sq Ft: 2558
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Living Area: 2558
  • Bedroom Main: 0
  • Room Count: 10
  • Sq Ft Other: 0

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Fenced
  • Waterfront Features: None
  • Construction Type: Brick Partial, Hardboard Siding
  • Patio And Porch Features: Covered, Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 456
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Attached Garage, Parking Space(s)

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Gas
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Street Lights, Tennis Court(s)
  • Association Fee: 435
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Community Association Management
  • Phone: 704-565-5009
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: eblast@communityassociationmanagement.com

Association/Amenities

  • Association Annual Expense: 435.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cul-De-Sac, Wooded
  • Lot Size Area: 0.23
  • Lot Size Units: Acres
  • Parcel Number: 5612-16-7547-0000
  • Zoning: RM-2
  • Development Status: Completed
  • Lot Size Acres: 0.23
  • Lot Size: 60x108x121x136
  • Lot Size Sq Ft: 10018
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM-2

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Feb 28, 2023
Sold by
Davis Shanise B
Bought by
Peace Brooke
Seller's Agent
Shanise Davis
Lantern Realty & Development, LLC
Buyer's Agent
Kelly Robinson
Lantern Realty & Development, LLC
List Price
$440,000
Sold Price
$415,000
Premium/Discount to List
-$25,000
-5.68%
Views
36
Current Estimated Value
$450,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,279
Avg. Annual Appreciation
3.16%
Original Mortgage
$415,000
Outstanding Balance
$400,169
Interest Rate
5.4%
Mortgage Type
New Conventional
Estimated Equity
$50,110

Purchase Details

Listed on
Dec 26, 2020
Closed on
Feb 4, 2021
Sold by
Smit Megan I E
Bought by
Davis Shanise B
Seller's Agent
Liz Hallman
Lantern Realty & Development, LLC
Buyer's Agent
Deana Petty
Lantern Realty & Development, LLC
List Price
$279,999
Sold Price
$282,000
Premium/Discount to List
$2,001
0.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.74%
Original Mortgage
$274,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2019
Sold by
Smit David A
Bought by
Smit Megan I E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,200
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2016
Sold by
Galloway Daniel S
Bought by
Smit David A and Smit Megan E

Purchase Details

Closed on
Jan 24, 2005
Sold by
Galloway Daniel S and Knobloch Kristina Ann
Bought by
Galloway Daniel S and Knobloch Kristina Ann

Purchase Details

Closed on
Mar 26, 1999
Sold by
Sandra Sue Weinberg Revocable Trust
Bought by
Galloway Daniel S and Galloway Leslie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
6.74%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Peace Brooke $415,000 --
Davis Shanise B $282,000 Investors Titleinsurance Co
Smit Megan I E -- None Available
Smit David A $220,000 None Available
Galloway Daniel S -- Chicago Title Insurance Comp
Galloway Daniel S $166,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peace Brooke $415,000
Previous Owner Davis Shanise B $274,000
Previous Owner Smit Megan I E $194,200
Previous Owner Galloway Daniel S $149,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2023 02/28/23 Sold $415,000 -2.1% $162 / Sq Ft
01/24/2023 01/24/23 Price Changed $424,000 -1.4% $166 / Sq Ft
11/06/2022 11/06/22 Price Changed $430,000 -2.3% $168 / Sq Ft
10/13/2022 10/13/22 For Sale $440,000 +56.0% $172 / Sq Ft
02/09/2021 02/09/21 Sold $282,000 +0.7% $112 / Sq Ft View Prior Sale
12/27/2020 12/27/20 Pending -- -- --
12/26/2020 12/26/20 For Sale $279,999 -- $111 / 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 $4,658 $410,200 $85,000 $325,200
2024 $4,658 $410,200 $85,000 $325,200
2023 $3,179 $232,030 $50,000 $182,030
2022 $3,179 $228,810 $50,000 $178,810
2021 $3,135 $228,810 $50,000 $178,810
2020 $3,135 $228,810 $50,000 $178,810
2019 $2,590 $189,070 $35,000 $154,070
2018 $2,552 $189,070 $35,000 $154,070
2017 $2,515 $189,070 $35,000 $154,070
2016 $2,515 $200,420 $40,000 $160,420
2015 $2,512 $200,420 $40,000 $160,420
2014 $2,512 $200,420 $40,000 $160,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3913488

Canopy MLS (Canopy Realtor® Association)

APN: 5612-16-7547-0000