NOT LISTED FOR SALE

2703 Pennsylvania Ave Kannapolis, NC 28083

Estimated Value: $288,000 - $321,000

3 Beds
2.5 Baths
1,546 Sq Ft
$198/Sq Ft Est. Value

Last Sold January 21, 2020

Last sale price $190,000 $123 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,893/month

27 Days on Market

About This Home

As of January 2020

Beautifully remodeled 1950's farmhouse style home located in desirable Kannapolis. New floors, fresh paint, and rustic fixtures throughout make this home feel like a Pinterest dream! The luxurious master suite is located on the main level, as well as a separate half bath for guests. Upstairs you will find 2 more bedrooms with plenty of storage, and a shared bathroom. A spacious living room, formal dining room with french doors, and large farmhouse kitchen create the perfect environment for spending time with your family and entertaining your friends. The wrap-around, covered porch will take you back to simpler times while you beat the summer heat, or unwind in the evenings while your children and/or pets play in the fenced in back yard. A large double garage behind the house is equipped with plumbing and electrical, making it perfect for hobbies as well as storage. This truly one-of-a-kind home will not last long, so come see it and make it your own today!

Last Agent to Sell the Property

Jeremy ALDRIDGE

Lantern Realty & Development, LLC License #306776 Listed on: 11/05/2019

Lantern Realty & Development, LLC

Co-Listed By

Hosanna Hill

Lantern Realty & Development, LLC License #315320

Last Buyer's Agent

Renee Phillips

Carolina Central Homes LLC License #249041

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 0.28

Parking

  • 2

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Utilities

  • Ductless Heating Or Cooling System

Listing and Financial Details

  • Assessor Parcel Number 5622-15-5630-0000

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.92683
  • Ratio Current Price By Acre: 678571.43
  • Ratio Current Price By Sq Ft: 122.90
  • Year Built: 1950
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 572
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Range, Microwave, Electric Oven
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 974
  • Total Sq Ft: 1546

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Driveway, Garage - 2 Car

Utilities

  • Heating: Ductless/Mini-Split System, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Royal Oaks
  • Middle School: Concord
  • High School: Concord

Lot Info

  • Lot Size Area: 0.280
  • Parcel Number: 5622-15-5630-0000
  • Zoning Specification: RV

Tax Info

  • Tax Value: 80850.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2019
Closed on
Jan 21, 2020
Sold by
Kada Endeavor Enterprises Llc
Bought by
Santos Delano Xavier and Santos Christina Michelle
Seller's Agent
Jeremy ALDRIDGE
Lantern Realty & Development, LLC
Buyer's Agent
Renee Phillips
Carolina Central Homes LLC
List Price
$205,000
Sold Price
$190,000
Premium/Discount to List
-$15,000
-7.32%
Current Estimated Value
$306,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,560
Avg. Annual Appreciation
8.66%
Original Mortgage
$183,658
Outstanding Balance
$165,668
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$140,892

Purchase Details

Closed on
Aug 26, 2019
Sold by
Hollis Leggett Betty G and Leggett Timothy Todd
Bought by
Kada Endeavor Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 1, 1985
Bought by
Hollis Perry E and Hollis Betty G

Purchase Details

Closed on
Nov 1, 1979
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
Santos Delano Xavier $190,000 None Available
Kada Endeavor Enterprises Llc $80,000 None Available
Hollis Perry E $33,000 --
-- $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Delano Xavier $183,658
Previous Owner Kada Endeavor Enterprises Llc $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2020 01/21/20 Sold $190,000 0.0% $123 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
11/25/2019 11/25/19 Price Changed $190,000 -7.3% $123 / Sq Ft
11/05/2019 11/05/19 For Sale $205,000 -- $133 / 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 $3,273 $288,230 $47,000 $241,230
2024 $3,273 $288,230 $47,000 $241,230
2023 $2,483 $181,250 $28,000 $153,250
2022 $2,483 $181,250 $28,000 $153,250
2021 $2,483 $181,250 $28,000 $153,250
2020 $1,744 $127,300 $28,000 $99,300
2019 $1,108 $80,850 $16,000 $64,850
2018 $1,091 $80,850 $16,000 $64,850
2017 $1,075 $80,850 $16,000 $64,850
2016 $1,075 $88,110 $18,000 $70,110
2015 $1,110 $88,110 $18,000 $70,110
2014 $1,110 $88,110 $18,000 $70,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3554429

Canopy MLS (Canopy Realtor® Association)

APN: 5622-15-5630-0000