NOT LISTED FOR SALE

500 W 7th St Kannapolis, NC 28081

Estimated Value: $196,000 - $249,371

2 Beds
1 Bath
1,352 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: May 13, 2019

Last sale price $89,900 $66 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,374 / mo

3 Days on Market

Highlights

  • Corner Lot
  • Shed
  • Carpet
  • Cottage
  • 1-Story Property

About This Home

As of May 2019

Great location on corner lot within walking distance to downtown Kannapolis which is in the process of being totally revitalized and the Intimidators Stadium which is currently under contruction. Walking distance to NC Research campus. Roof is approximately a year old and HVAC is less than 5 years old. Replacement windows. Hugh spacious rooms with high ceilings. Large storage shed. Just waiting for your updates. Sold as is. Conv to I-85 and Atrium Medical Center.

Last Agent to Sell the Property

Janis Tucker

Tucker Real Estate Group Inc License #198841 Listed on: 01/26/2019

Co-Listed By

Brandon Farabee

Tucker Real Estate Group Inc License #255979

Last Buyer's Agent

Julie Joseph

Southern Homes of the Carolinas, Inc License #232760

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 75x143
  • Corner Lot

Parking

  • 2

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Shed

Listing and Financial Details

  • Assessor Parcel Number 149219

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0.25 Acres

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 359600.00
  • Ratio Current Price By Sq Ft: 66.49
  • Year Built: 1925
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Dryer, Washer
  • Flooring: Carpet, Vinyl
  • Laundry Location: Kitchen
  • Room Count: 1
  • Main Level Sq Ft: 1352
  • Total Sq Ft: 1352

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Earth
  • Parking: Driveway, Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalk

Lot Info

  • Lot Dimension: 75x143
  • Lot Features: Corner Lot
  • Parcel Number: 149219
  • Zoning Specification: sfr

Tax Info

  • Tax Value: 89479.00
  • Tax Location: Salisbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2019
Closed on
May 13, 2019
Sold by
Cranford Peggy Coleman and Estate Of Everette Eugene Cran
Bought by
Geib Richard T and Geib Teresa L
Seller's Agent
Janis Tucker
Tucker Real Estate Group Inc
Buyer's Agent
Julie Joseph
Southern Homes of the Carolinas, Inc
List Price
$89,900
Sold Price
$89,900
Current Estimated Value
$226,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,943
Avg. Annual Appreciation
14.29%
Original Mortgage
$80,900
Outstanding Balance
$71,370
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$155,473

Purchase Details

Closed on
Jul 23, 2018
Sold by
Korny Peggy Jean and The Broome Living Trust
Bought by
Cranford Everette E

Purchase Details

Closed on
Jan 1, 1996
Bought by
Broome Myrtle C Trustee
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Geib Richard T $90,000 None Available
Cranford Everette E $90,000 None Available
Broome Myrtle C Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geib Richard T $80,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2019 05/13/19 Sold $89,900 0.0% $66 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/26/2019 01/26/19 For Sale $89,900 -- $66 / Sq Ft
Source: Canopy MLS

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 $2,155 $178,098 $28,500 $149,598
2024 $2,173 $179,581 $28,500 $151,081
2023 $2,173 $179,581 $28,500 $151,081
2022 $1,331 $103,400 $22,000 $81,400
2021 $1,331 $103,400 $22,000 $81,400
2020 $1,331 $103,400 $22,000 $81,400
2019 $1,331 $103,400 $22,000 $81,400
2018 $570 $89,479 $22,500 $66,979
2017 $570 $89,479 $22,500 $66,979
2016 $570 $89,479 $22,500 $66,979
2015 $578 $89,479 $22,500 $66,979
2014 $555 $88,826 $18,750 $70,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: CAR3468378

Canopy MLS

APN: 149-219

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