NOT LISTED FOR SALE

2618 Lookout Point Rd Kannapolis, NC 28083

Estimated Value: $292,000 - $341,000

4 Beds
2 Baths
1,558 Sq Ft
$198/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $190,000 $122 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,877/month

42 Days on Market

About This Home

As of November 2020

Great opportunity for instant income if you are an investor!!! Current lease in place with great renters that pay on time! Lease has 16 months remaining. This fantastic 4 bed home in Harbour Towne is looking for its new owner. Plenty of room for everyone in this home with a larger back yard for fun and games and entertainment.

Last Agent to Sell the Property

Melanie Eatherton

Keller Williams Greenville Upstate License #101737 Listed on: 09/13/2020

Keller Williams Greenville Upstate

Last Buyer's Agent

Melanie Eatherton

Keller Williams Greenville Upstate License #101737 Listed on: 09/13/2020

Keller Williams Greenville Upstate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 7,405

HOA Fees

  • $7 Monthly HOA Fees

Parking

  • 2

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1.5-Story Property
  • Pull Down Stairs to Attic

Flooring

  • Carpet
  • Vinyl

Community Details

  • Cedar Management Association, Phone Number (788) 252-3327
  • Built by Kelly K . Miles Construction

Listing and Financial Details

  • Assessor Parcel Number 5623-92-2639-0000

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$7 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.95477
  • Ratio Close Price By Original Li: 0.95477
  • Ratio Current Price By Acre: 1117647.06
  • Ratio Current Price By Sq Ft: 121.95
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 370
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Electric Dryer Hookup, Electric Oven, Electric Range, Ice Maker Connection, Microwave
  • Flooring: Carpet, Vinyl
  • H O A Management Phone: 788-252-3327
  • Interior Amenities: Attic Stairs Pulldown
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1188
  • Total Sq Ft: 1558
  • Sq Ft Unheated Main: 400
  • Sq Ft Unheated Total: 400

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Association Fee: 80.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Cedar Management
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Parcel Number: 5623-92-2639-0000
  • Zoning Specification: RV

Building Info

  • Builder Name: Kelly K . Miles Construction

Tax Info

  • Tax Value: 123520.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2020
Closed on
Nov 16, 2020
Sold by
Hanson Cindy Shinjung
Bought by
Castle Nicholaus
Seller's Agent
Melanie Eatherton
Keller Williams Greenville Upstate
Buyer's Agent
Melanie Eatherton
Keller Williams Greenville Upstate
List Price
$199,000
Sold Price
$190,000
Premium/Discount to List
-$9,000
-4.52%
Current Estimated Value
$308,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,891
Avg. Annual Appreciation
10.32%
Original Mortgage
$142,500
Outstanding Balance
$126,805
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$182,086

Purchase Details

Closed on
Sep 8, 2006
Sold by
Kelly K Myles Construction Llc
Bought by
Hanson Douglas H and Hanson Cindy Hsinjung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,750
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2005
Sold by
Beazer Homes Corp
Bought by
Kelly K Miles Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
5.66%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Castle Nicholaus $190,000 Atlantic Carolinas Title Llc
Hanson Douglas H $145,000 None Available
Kelly K Miles Construction Llc $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castle Nicholaus $142,500
Previous Owner Hanson Douglas H $137,750
Previous Owner Kelly K Miles Construction Llc $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2020 11/18/20 Sold $190,000 -4.5% $122 / Sq Ft
10/25/2020 10/25/20 Pending -- -- --
09/13/2020 09/13/20 For Sale $199,000 0.0% $128 / Sq Ft
11/27/2013 11/27/13 Rented $995 -2.9% --
10/28/2013 10/28/13 Under Contract -- -- --
10/15/2013 10/15/13 For Rent $1,025 -- --
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 $3,033 $304,490 $59,000 $245,490
2024 $3,033 $304,490 $59,000 $245,490
2023 $2,126 $174,240 $35,000 $139,240
2022 $2,126 $174,240 $35,000 $139,240
2021 $2,126 $174,240 $35,000 $139,240
2020 $2,126 $174,240 $35,000 $139,240
2019 $1,507 $123,520 $19,000 $104,520
2018 $1,482 $123,520 $19,000 $104,520
2017 $1,458 $123,520 $19,000 $104,520
2016 $865 $127,280 $24,000 $103,280
2015 $1,502 $127,280 $24,000 $103,280
2014 $1,502 $127,280 $24,000 $103,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3661532

Canopy MLS (Canopy Realtor® Association)

APN: 5623-92-2639-0000