NOT LISTED FOR SALE

2851 Lane St Kannapolis, NC 28083

Estimated Value: $168,000 - $208,000

2 Beds
1 Bath
978 Sq Ft
$198/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $125,000 $128 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,176/month

6 Days on Market

About This Home

As of May 2021

Multiple offers received, please send offers by 2 pm Sunday 3/28. Lots of potential in this Kannapolis home.
Features include: newer replacement windows, new PEX plumbing in 2019, and new roof on house in 2020. Air compressor in garage will remain, garage has a connection for generator that will run the house.
Zoned LC (Limited Commercial) which means the property can either be a business or a residence. It cannot be both. Home is to be sold as-is. Agents, please read agent remarks about access.

Last Listed By

Angie Miller

Genesis Realty Company License #269703 Listed on: 03/24/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 0.34

Home Design

  • Vinyl Siding

Additional Features

  • 1 Full Bathroom
  • Crawl Space
  • Outbuilding
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5633-59-7749-0000

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.04167
  • Ratio Close Price By Original Li: 1.04167
  • Ratio Current Price By Acre: 367647.06
  • Ratio Current Price By Sq Ft: 127.81
  • Year Built: 1959
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Cable Prewire, Dryer, Electric Dryer Hookup, Electric Range, Refrigerator, Washer
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 978
  • Total Sq Ft: 978

Exterior Features

  • Construction: Aluminum, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Outbuilding

Garage/Parking

  • Driveway: Earth
  • Parking: Detached Garage

Utilities

  • Heating: Central Air, Oil Hot Air
  • Sewer: Septic Installed
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 136'x147'x129'x142'
  • Lot Size Area: 0.340
  • Parcel Number: 5633-59-7749-0000
  • Zoning Specification: LC

Tax Info

  • Tax Value: 128060.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2021
Closed on
May 28, 2021
Sold by
Edmiston Robert L and Edmiston Pattie W
Bought by
Meyer Daniel Thedore
Seller's Agent
Angie Miller
Genesis Realty Company
Buyer's Agent
Michelle Mercado
DASH Carolina
List Price
$120,000
Sold Price
$125,000
Premium/Discount to List
$5,000
4.17%
Total Days on Market
6
Current Estimated Value
$193,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,303
Avg. Annual Appreciation
11.76%
Original Mortgage
$120,000
Outstanding Balance
$110,653
Interest Rate
3.15%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$84,540

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
Meyer Daniel Thedore $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Daniel Thedore $120,000
Closed Meyer Daniel Thedore $7,500
Closed Meyer Daniel Eodore $7,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $125,000 +4.2% $128 / Sq Ft
03/30/2021 03/30/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $120,000 -- $123 / 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
2024 $1,126 $166,570 $114,740 $51,830
2023 $1,076 $128,060 $92,890 $35,170
2022 $1,053 $128,060 $92,890 $35,170
2021 $1,053 $128,060 $92,890 $35,170
2020 $1,053 $128,060 $92,890 $35,170
2019 $736 $89,450 $60,100 $29,350
2018 $718 $89,450 $60,100 $29,350
2017 $700 $89,450 $60,100 $29,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3721323

Canopy MLS (Canopy Realtor® Association)

APN: 5633-59-7749-0000