NOT LISTED FOR SALE

320 Laurel Crest Dr Kannapolis, NC 28081

Estimated Value: $71,166 - $254,000

1.04 Acres
$129,848 Price per Acre
45,302 Sq Ft Lot

Last Sold March 24, 2022

Last sale price $60,000

Est. 125% increase in value since last sale

Current estimated payment $759/month

79 Days on Market

About This Lot

As of March 2022

Looking for over an acre to build on in an established neighborhood? Here it is! This corner lot is waiting to be cleared and for your new custom home to be built on in the tranquil neighborhood of Laurel Crest. Seller says it has had a perk test for 3 bedroom that has expired but buyer would have to take their plans to environmental and make sure they work for the lot.

Last Agent to Sell the Property

Melissa Quick

Key Real Estate License #290349 Listed on: 10/27/2021

Last Buyer's Agent

Susan DeSoto

Charlotte Realty Company License #169762

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $241

Lot Details

  • Lot Dimensions are 200x250x163x253
  • Private Lot
  • Corner Lot
  • Level Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned RM1, RM-1

HOA Fees

  • $25 Monthly HOA Fees

Schools

  • Enochville Elementary School
  • Corriher-Lipe Middle School
  • South Rowan High School

Utilities

  • Well Required
  • Septic Needed

Community Details

  • Laurel Crest HOA Inc Association, Phone Number (704) 608-4225
  • Laurel Crest Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 244E022

Property Details

Property Type

Land

Est. Annual Taxes

$241

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 57692.31
  • Restrictions: Manufactured Home Not Allowed,Square Feet,Other - See Media/Remarks
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Residential

Exterior Features

  • Tax Location: No City Taxes Paid
  • Wooded Acres: 1.04

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Laurel Crest HOA Inc
  • Phone: (704)608-4225
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Corriher-lipe
  • HOA Subject To: Required

Lot Info

  • Lot Features: Corner Lot, Level, Private, Wooded, Wooded
  • Lot Size Area: 1.04
  • Lot Size Units: Acres
  • Parcel Number: 244E022
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Cleared Acres: 0.00
  • Lot Size: 200x250x163x253
  • Zoning Description: RM-1

Tax Info

  • RATIO List Price By Tax Amount: 1.96078

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Enochville
  • High School: South Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2021
Closed on
Mar 23, 2022
Sold by
Morton Tony P and Morton Shelia E
Bought by
Medlin Desoto Revocable Trust
Seller's Agent
Melissa Quick
Key Real Estate
Buyer's Agent
Susan DeSoto
Charlotte Realty Company
List Price
$65,000
Sold Price
$60,000
Premium/Discount to List
-$5,000
-7.69%
Current Estimated Value
$135,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,042
Avg. Annual Appreciation
25.43%

Purchase Details

Closed on
Mar 3, 2011
Sold by
Farmers & Merchants Bank Of Granite Quar
Bought by
Morton Tony P and Morton Shelia E

Purchase Details

Closed on
Jan 21, 2011
Sold by
Inverness Development Group Llc
Bought by
Farmers & Merchants Bank and F&M Bank

Purchase Details

Closed on
Sep 9, 2008
Sold by
Finger David A and Finger Maxine B
Bought by
Inverness Development Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,750
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
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
Medlin Desoto Revocable Trust $60,000 Goforth Samuel T
Morton Tony P $25,000 None Available
Farmers & Merchants Bank $25,000 None Available
Inverness Development Group Llc $53,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inverness Development Group Llc $39,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $60,000 -7.7% --
01/14/2022 01/14/22 Pending -- -- --
12/22/2021 12/22/21 Price Changed $65,000 0.0% --
12/22/2021 12/22/21 For Sale $65,000 -7.1% --
11/11/2021 11/11/21 Pending -- -- --
11/11/2021 11/11/21 For Sale $70,000 0.0% --
11/09/2021 11/09/21 Pending -- -- --
10/27/2021 10/27/21 For Sale $70,000 -- --
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 $241 $36,550 $36,550 $0
2024 $241 $36,550 $36,550 $0
2023 $241 $36,550 $36,550 $0
2022 $244 $33,150 $33,150 $0
2021 $244 $33,150 $33,150 $0
2020 $244 $33,150 $33,150 $0
2019 $244 $33,150 $33,150 $0
2018 $246 $33,150 $33,150 $0
2017 $242 $33,150 $33,150 $0
2016 $239 $33,150 $33,150 $0
2015 $243 $33,150 $33,150 $0
2014 $239 $33,150 $33,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3800668

Canopy MLS (Canopy Realtor® Association)

APN: 244-E022