NOT LISTED FOR SALE

1503 Burning Lantern Ln Kannapolis, NC 28081

Estimated Value: $434,866

4 Beds
3 Baths
2,816 Sq Ft
$154/Sq Ft Est. Value

Last Sold December 02, 2022

Last sale price $350,000 $124 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,650/month

223 Days on Market

Highlights

  • Front Porch
  • 2 Car Attached Garage
  • Laundry Room
  • Northwest Cabarrus High Rated A-
  • Patio
  • Forced Air Heating System

About This Home

As of December 2022

Beautiful home with an open floor plan, vaulted ceilings, spacious rooms, great closets, a great bonus/bedroom, and so much more. Come see this gorgeous home today!

Last Agent to Sell the Property

Lisa Belk

Mark Spain Real Estate License #282516 Listed on: 03/31/2022

Mark Spain Real Estate

Last Buyer's Agent

Debbie Mullins

NorthGroup Real Estate LLC License #159879

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993

Lot Details

  • 0.32 Acre Lot
  • Property is zoned RM-2

HOA Fees

  • $36 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Slab Foundation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Winecoff Elementary School
  • Northwest Cabarrus Middle School
  • Northwest Cabarrus High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Lantern Green HOA
  • Lantern Green Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5612-16-9552-0000

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

0.32 Acres

HOA Fees

$36 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1993
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 124.29
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1331
  • 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: 1485
  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave
  • Above Grade Finished Sq Ft: 2816
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2816
  • Bedroom Main: 1

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Attached Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 435
  • Association Fee Frequency: Annually
  • Association Name: Lantern Green HOA
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 435.00

Schools

  • Middle Or Junior School: Northwest Cabarrus
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5612-16-9552-0000
  • Development Status: Completed
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RM-2

MLS Schools

  • Elementary School: Winecoff
  • High School: Northwest Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Dec 1, 2022
Sold by
Opendoor Property Trust
Bought by
Stowers Terri Lynn
Seller's Agent
Lisa Belk
Mark Spain Real Estate
Buyer's Agent
Debbie Mullins
NorthGroup Real Estate LLC
List Price
$480,000
Sold Price
$350,000
Premium/Discount to List
-$130,000
-27.08%
Views
49
Current Estimated Value
$434,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,866
Avg. Annual Appreciation
7.19%
Original Mortgage
$332,500
Outstanding Balance
$322,522
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$116,732

Purchase Details

Closed on
Mar 9, 2022
Sold by
Colbenson and Cindy
Bought by
Opendoor Property Trust

Purchase Details

Closed on
Mar 11, 2019
Sold by
Colbenson Robert Ray and Colbenson Misty M
Bought by
Colbenson Robert

Purchase Details

Closed on
Sep 8, 2016
Sold by
Thomas Monica R and Thomas Edmund D
Bought by
Colbenson Misty M and Colbenson Robert Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 1999
Sold by
Cronin Robert J and Cronin Christine A
Bought by
Robinson Charles P and Robinson Monica S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,900
Interest Rate
6.82%

Purchase Details

Closed on
Apr 1, 1994

Purchase Details

Closed on
Aug 1, 1993
Source: Public Records
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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
Stowers Terri Lynn $350,000 --
Opendoor Property Trust $435,000 Chicago Title
Opendoor Property Trust $435,000 Chicago Title
Colbenson Robert -- None Available
Colbenson Misty M $220,000 None Available
Robinson Charles P $180,000 --
-- $160,500 --
-- $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stowers Terri Lynn $332,500
Previous Owner Colbenson Misty M $132,000
Previous Owner Robinson Charles P $143,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2022 12/02/22 Sold $350,000 -7.4% $124 / Sq Ft
11/09/2022 11/09/22 Pending -- -- --
10/20/2022 10/20/22 Price Changed $378,000 -1.0% $134 / Sq Ft
10/06/2022 10/06/22 Price Changed $382,000 -2.8% $136 / Sq Ft
09/22/2022 09/22/22 Price Changed $393,000 -2.7% $140 / Sq Ft
09/08/2022 09/08/22 Price Changed $404,000 -0.7% $143 / Sq Ft
08/25/2022 08/25/22 Price Changed $407,000 -1.7% $145 / Sq Ft
08/11/2022 08/11/22 Price Changed $414,000 -1.2% $147 / Sq Ft
07/28/2022 07/28/22 Price Changed $419,000 -7.7% $149 / Sq Ft
07/14/2022 07/14/22 Price Changed $454,000 -0.2% $161 / Sq Ft
06/30/2022 06/30/22 Price Changed $455,000 -1.7% $162 / Sq Ft
06/17/2022 06/17/22 Price Changed $463,000 -0.4% $164 / Sq Ft
06/02/2022 06/02/22 Price Changed $465,000 -1.1% $165 / Sq Ft
05/19/2022 05/19/22 Price Changed $470,000 -0.6% $167 / Sq Ft
05/05/2022 05/05/22 Price Changed $473,000 -0.4% $168 / Sq Ft
04/21/2022 04/21/22 Price Changed $475,000 -1.0% $169 / Sq Ft
03/31/2022 03/31/22 For Sale $480,000 -- $170 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,509 $397,090 $85,000 $312,090
2024 $4,509 $397,090 $85,000 $312,090
2023 $3,369 $245,910 $50,000 $195,910
2022 $3,227 $235,560 $50,000 $185,560
2021 $3,227 $235,560 $50,000 $185,560
2020 $3,227 $235,560 $50,000 $185,560
2019 $2,668 $194,710 $35,000 $159,710
2018 $2,629 $194,710 $35,000 $159,710
2017 $2,590 $194,710 $35,000 $159,710
2016 $2,590 $208,130 $40,000 $168,130
2015 $2,616 $208,130 $40,000 $168,130
2014 $2,616 $208,130 $40,000 $168,130
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3844899

Canopy MLS (Canopy Realtor® Association)

APN: 5612-16-9552-0000

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