$120,000
SOLD DEC 19, 2024

1510 Lane St Kannapolis, NC 28083

2 Beds
1 Bath
1,010 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$119 Per Sq Ft

15% Below List Price

42 Days on Market

Highlights

  • Front Porch
  • 1-Story Property
  • Asbestos
  • Jackson Park Elementary School Rated 9+
  • Forced Air Heating and Cooling System

About This Home

As of December 2024

Welcome to this inviting ranch-style home on Lane Street, a prime opportunity for both residential and commercial use. This property is dually zoned as RES/O-I, providing excellent flexibility for a variety of uses. Featuring a shared driveway and conveniently located, this vacant home is ready for its new owner.

The adjacent property is also available for sale, and the owners are open to selling both homes as a package deal, making this an exceptional investment opportunity. Don't miss your chance to own valuable residential and commercial property at an attractive price. Selling as-is.

Last Agent to Sell the Property

Abigail Hines

The Agency - Charlotte Brokerage Email: Abigail.HinesMiller@TheAgencyRE.com License #329592 Listed on: 09/06/2024

The Agency - Charlotte

Co-Listed By

Ashley Rodriguez

The Agency - Charlotte Brokerage Email: Abigail.HinesMiller@TheAgencyRE.com License #336473

Last Buyer's Agent

Kelly Shampine

Lake Norman Realty, Inc. License #339424

Lake Norman Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,819

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 65 x 151 x 62 x 150
  • Property is zoned O-I

Parking

  • Shared Driveway

Home Design

  • Composition Roof
  • Asbestos

Interior Spaces

  • 1,010 Sq Ft Home
  • 1-Story Property
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • Jackson Park Elementary School
  • A.L. Brown High School

Additional Features

  • Front Porch
  • Forced Air Heating and Cooling System

Community Details

  • Jackson Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5624-41-0255-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,819

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 118.81
  • Geocode Confidence: High
  • Attribution Contact: Abigail.HinesMiller@TheAgencyRE.com
  • Special Features: None

Interior Features

  • Foundation Details: None
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1010
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Refrigerator
  • Above Grade Finished Sq Ft: 1010
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1010
  • Bedroom Main: 2
  • Room Count: 6

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Asbestos
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway, Shared Driveway

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 5624-41-0255-0000
  • Zoning: O-I
  • Lot Size: 65 X 151 X 62 X 150
  • ResoLotSizeUnits: Acres
  • Zoning Specification: O-I

Green Features

  • Green Verification Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Dec 14, 2024
Sold by
Chahmelikian Razwig and Chahmelikian Taleen
Bought by
Cromwell Fon and Cromwell Michelle Nfor
Seller's Agent
Abigail Hines
The Agency - Charlotte
Buyer's Agent
Kelly Shampine
Lake Norman Realty, Inc.
List Price
$142,000
Sold Price
$120,000
Premium/Discount to List
-$22,000
-15.49%
Views
89
Current Estimated Value
$144,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,613
Avg. Annual Appreciation
20.62%
Original Mortgage
$96,000
Outstanding Balance
$95,669
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$41,675

Purchase Details

Closed on
Jul 11, 2008
Sold by
Cornerstone Cabarrus Llc
Bought by
Chahmelikian Razwig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
6.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1986
Bought by
Carter Jimmy W and Wife Pamela C

Purchase Details

Closed on
Jan 1, 1986

Purchase Details

Closed on
Sep 1, 1979
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 $120,000 Investors Title
Warranty Deed $120,000 Investors Title
Warranty Deed $82,000 None Available
Warranty Deed $24,000 --
Warranty Deed $500 --
Warranty Deed $3,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $96,000 New Conventional
Closed $96,000 New Conventional
Previous Owner $73,800 Purchase Money Mortgage
Previous Owner $50,400 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2024 12/19/24 Sold $120,000 -15.5% $119 / Sq Ft
09/06/2024 09/06/24 For Sale $142,000 0.0% $141 / Sq Ft
03/22/2012 03/22/12 Rented $560 0.0% --
02/21/2012 02/21/12 Under Contract -- -- --
02/17/2012 02/17/12 For Rent $560 -- --
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 $1,819 $160,200 $65,000 $95,200
2023 $1,080 $78,850 $29,250 $49,600
2022 $1,080 $78,850 $29,250 $49,600
2021 $1,080 $78,850 $29,250 $49,600
2020 $1,080 $78,850 $29,250 $49,600
2019 $956 $69,750 $27,300 $42,450
2018 $942 $69,750 $27,300 $42,450
2017 $928 $69,750 $27,300 $42,450
2016 $928 $67,110 $17,100 $50,010
2015 $846 $67,110 $17,100 $50,010
2014 $846 $67,110 $17,100 $50,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4180134

Canopy MLS (Canopy Realtor® Association)

APN: 5624-41-0255-0000