NOT LISTED FOR SALE

1509 Lane St Unit 7-10 Kannapolis, NC 28083

Estimated Value: $282,645 - $315,000

3 Beds
1.5 Baths
1,515 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 13, 2018

Last sale price $63,000 $42 Per Sq Ft

Est. 371% increase in value since last sale

Current estimated payment $1,813/month

30 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Shed
  • Jackson Park Elementary School Rated 9+
  • Cottage
  • 1-Story Property

About This Home

As of December 2018

Previously rented residence on corner lot zoned O-I Needs decorative help. Solid older home Priced much lower than tax value to leaved room for updating by buyer

Last Agent to Sell the Property

Phil Lippard

P J Properties License #45131 Listed on: 10/22/2018

Last Buyer's Agent

Andy Dameron

Keller Williams South Park License #298277

Keller Williams South Park

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 0.3

Parking

  • Gravel Driveway

Home Design

  • Cottage
  • Asbestos Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Flooring

  • Wood
  • Vinyl

Additional Features

  • Shed
  • Corner Lot

Listing and Financial Details

  • Assessor Parcel Number 5624319348
  • Tax Block 2-B

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 0.78849
  • Ratio Close Price By Original Li: 0.78849
  • Ratio Current Price By Acre: 210000.00
  • Ratio Current Price By Sq Ft: 41.58
  • Year Built: 1937
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Cooktop Electric, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Fireplace Description: Living Room
  • Flooring: Vinyl, Wood
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1515
  • Total Sq Ft: 1515

Exterior Features

  • Construction: Asbestos
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Jackson Park
  • Middle School: Kannapolis
  • High School: A.L. Brown

Lot Info

  • Lot Dimension: 100 x 140
  • Lot Features: Corner Lot
  • Lot Size Area: 0.300
  • Parcel Number: 5624319348
  • Plat Book Slide: 3-23
  • Plat Reference Section Pages: 3 23
  • Zoning Specification: O-I

Tax Info

  • Tax Value: 111620.00
  • Tax Block: 2-B
  • Tax Location: Kannapls/cab

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2019
Sold by
Werner Todd and Werner Kathleen
Bought by
Albritton Matthew
Current Estimated Value
$296,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,775
Outstanding Balance
$158,956
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$137,955

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 13, 2018
Sold by
Bowrey Arnoldo A and Bowrey Donna C
Bought by
Werner Todd
Seller's Agent
Phil Lippard
P J Properties
Buyer's Agent
Andy Dameron
Keller Williams South Park
List Price
$79,900
Sold Price
$63,000
Premium/Discount to List
-$16,900
-21.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.32%

Purchase Details

Closed on
Dec 3, 2004
Sold by
Wachovia Bank Of Delaware Na
Bought by
Bowrey Arnoldo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2004
Sold by
Armour Sabrina W and First Union Home Equity Bank N
Bought by
Homeq Servicing For Wachovia Bank Of Del and First Union National Bank Of Delaware

Purchase Details

Closed on
Oct 1, 1994
Bought by
Armour Sabrina W
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
Albritton Matthew $175,000 None Available
Werner Todd $63,000 None Available
Bowrey Arnoldo A $45,000 --
Homeq Servicing For Wachovia Bank Of Del $60,643 --
Armour Sabrina W $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Albritton Matthew $180,775
Previous Owner Bowrey Arnoldo A $40,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2018 12/13/18 Sold $63,000 -21.2% $42 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $79,900 -- $53 / 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 $3,067 $270,120 $65,000 $205,120
2024 $3,067 $270,120 $65,000 $205,120
2023 $2,471 $180,350 $65,970 $114,380
2022 $2,471 $180,350 $65,970 $114,380
2021 $2,471 $180,350 $65,970 $114,380
2020 $2,471 $180,350 $65,970 $114,380
2019 $1,529 $111,620 $51,980 $59,640
2018 $1,507 $111,620 $51,980 $59,640
2017 $1,485 $111,620 $51,980 $59,640
2016 $1,485 $91,070 $23,400 $67,670
2015 $1,147 $91,070 $23,400 $67,670
2014 $1,147 $91,070 $23,400 $67,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3446034

Canopy MLS (Canopy Realtor® Association)

APN: 5624-31-9348-0000