NOT LISTED FOR SALE

427 E Cannon Ave Albemarle, NC 28001

Estimated Value: $309,000 - $327,000

3 Beds
3 Baths
1,873 Sq Ft
$170/Sq Ft Est. Value

Last Sold January 12, 2023

Last sale price $283,705 $151 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,890/month

4 Days on Market

Highlights

  • Wooded Lot
  • Wood Flooring
  • Front Porch
  • Traditional Architecture
  • Detached Garage
  • Walk-In Closet

About This Home

As of January 2023

Seller has requested all offers be submitted by 6pm on 11/19/22. Straight out of a magazine! Beautiful home located in the well-established Forest Hills subdivision convenient to downtown Albemarle, shopping, restaurants and hospital. This brick home features 3 bedrooms, 3 full baths and spacious main level living areas which provide a great flow and functional living. Immaculate kitchen with stainless steel appliances and granite countertops. Imagine relaxing and entertaining in the large fenced-in backyard and back patio area behind the detached garage. You will be impressed with the many features of this one of a kind home! Just a few of the recent many upgrades include: 2021- roof, moisture barrier and insulation in crawl space, fenced backyard, 2020- guest bath new flooring and vanity, new exterior front door, landscaping and installation of exterior lighting, 2019- HVAC, bedroom barn doors, interior paint. A must see property!

Last Agent to Sell the Property

Christy Bogle

Larry McGuire Realty License #289553 Listed on: 11/16/2022

Last Buyer's Agent

Lynn Norman

Lake Tillery Properties LLC License #159889

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • Level Lot
  • Wooded Lot
  • Zoning described as R-10

Home Design

  • Traditional Architecture
  • Cottage
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

  • Detached Garage
  • Driveway
  • On-Street Parking

Accessible Home Design

  • Handicap Accessible
  • Ramp on the main level

Schools

  • Central Albemarle Elementary School
  • Albemarle Middle School
  • Albemarle High School

Additional Features

  • Front Porch
  • Gas Water Heater

Community Details

  • Forest Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 654801476279

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage, Traditional
  • Year Built: 1948
  • Ratio Current Price By Acre: 709264.00
  • Doors and Windows: Insulated Windows
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: One and a Half Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 151.47
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Attic Other, Handicap Access, Kitchen Island, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1616
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 257
  • Porch: Front
  • Appliances: Ceiling Fan(s), Dishwasher, Electric Range, Microwave, Refrigerator
  • Accessibility Features: Ramp(s)-Main Level
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Living Area: 1873
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: Albemarle
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Detached, Driveway, Garage - 1 Car, On Street

Utilities

  • Heating: Gas Hot Air Furnace, Gas Water Heater
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Level, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 654801476279
  • Plat Reference Section Pages: 2/124
  • Zoning Description: R-10
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.70331

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Central Albemarle
  • High School: Albemarle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Jan 2, 2023
Sold by
Cockerham Alexander Jay
Bought by
Ball Elizabeth Grace
Seller's Agent
Christy Bogle
Larry McGuire Realty
Buyer's Agent
Lynn Norman
Lake Tillery Properties LLC
List Price
$280,000
Sold Price
$283,706
Premium/Discount to List
$3,706
1.32%
Views
14
Current Estimated Value
$317,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,903
Avg. Annual Appreciation
3.78%
Original Mortgage
$278,706
Outstanding Balance
$269,913
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$47,697

Purchase Details

Listed on
Jun 20, 2019
Closed on
Aug 23, 2019
Sold by
Wentz Kirk Steven and Davis Tracy Michelle
Bought by
Cockerham Alexander Jay
Seller's Agent
Larry McGuire
Larry McGuire Realty
Buyer's Agent
Dustin Patterson
Realty One Group Revolution
List Price
$168,900
Sold Price
$164,000
Premium/Discount to List
-$4,900
-2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.55%
Original Mortgage
$159,080
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2016
Sold by
Mcguire Larry
Bought by
Wentz Kirk and Davis Tracy

Purchase Details

Closed on
Nov 5, 2013
Sold by
Trivette Dorsey T
Bought by
Mcguire Larry C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Ball Elizabeth Grace $284,000 None Listed On Document
Cockerham Alexander Jay $164,000 None Available
Wentz Kirk $154,500 Attorney
Mcguire Larry C $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ball Elizabeth Grace $278,706
Previous Owner Cockerham Alexander Jay $159,080
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/12/2023 01/12/23 Sold $283,706 +1.3% $151 / Sq Ft
11/20/2022 11/20/22 Pending -- -- --
11/16/2022 11/16/22 For Sale $280,000 +70.7% $149 / Sq Ft
08/23/2019 08/23/19 Sold $164,000 -2.9% $88 / Sq Ft View Prior Sale
06/23/2019 06/23/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $168,900 -- $90 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $2,866 $255,865 $20,160 $235,705
2024 $2,006 $164,386 $14,868 $149,518
2023 $2,005 $164,386 $14,868 $149,518
2022 $2,005 $164,386 $14,868 $149,518
2021 $2,005 $164,386 $14,868 $149,518
2020 $1,872 $144,377 $13,860 $130,517
2019 $2,024 $154,478 $13,860 $140,618
2018 $2,024 $154,478 $13,860 $140,618
2017 $1,946 $154,478 $13,860 $140,618
2016 $1,446 $114,737 $12,852 $101,885
2015 $1,460 $114,737 $12,852 $101,885
2014 $1,511 $114,737 $12,852 $101,885
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3923746

Canopy MLS (Canopy Realtor® Association)

APN: 6548-01-47-6279