J
Seller's Agent in 2024
James Moon
Strategic Property Group
(704) 806-8338
2 in this area
23 Total Sales
505 Locust St Kannapolis, NC 28081
Estimated Value: $170,000 - $219,576
2
Beds
2
Baths
891
Sq Ft
$227/Sq Ft
Est. Value
Highlights
- Ranch Style House
- Laundry Room
- Forced Air Heating and Cooling System
- Front Porch
About This Home
As of January 2024Welcome to 505 Locust!!!! Buyer Credit $2500 with acceptable offer. The property is located close to the thriving downtown Kannapolis. A great front rocking chair porch to sip some southern sweet tea and unwind for the day. This cozy home has an abundance of natural light with a open layout. The home has been renovated with some sizzle features. Lets get into it!!! It has an open layout in the kitchen living and dining areas has loads of light with new flooring and fresh paint. The kitchen has new cabinetry, appliances along with granite and sparkling backsplash. We have new fixtures in the both bathrooms in addition to a washer and dryer provided. The backyard is a nice size great for those gatherings or throwing the ball with a loved one or your furry best friend. Come over and check this home out and say yes to 505 Locust as your next address!!! Schedule your showing.
Last Agent to Sell the Property
Strategic Property Group Brokerage Email: james@homesbyspg.com License #276478 Listed on: 08/08/2023
Co-Listed By
Strategic Property Group Brokerage Email: james@homesbyspg.com License #300831
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,794
Year Built
- Built in 1925
Lot Details
- 8,712
Parking
- Driveway
Home Design
- Ranch Style House
Interior Spaces
- 891 Sq Ft Home
- Crawl Space
- Laundry Room
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Additional Features
- Front Porch
- Property is zoned RV
Listing and Financial Details
- Assessor Parcel Number 149006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 7, 2022
Sold by
Investcar Llc
Bought by
Strategic Property Group Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$83,631
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$116,928
Purchase Details
Closed on
Feb 4, 2022
Sold by
E Squared Properties Llc
Bought by
Investcar Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$83,631
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$116,928
Purchase Details
Listed on
Jun 5, 2019
Closed on
Aug 19, 2019
Sold by
Cornerstone Cabarrus Llc
Bought by
E Squared Properties Llc
Seller's Agent
Mark Goodnight
Lantern Realty & Development, LLC
Buyer's Agent
Shannon Faulkner
NC Properties 101
List Price
$79,900
Sold Price
$59,900
Premium/Discount to List
-$20,000
-25.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.11%
Purchase Details
Closed on
May 26, 2005
Sold by
Carter Jimmy W and Carter Pamela C
Bought by
Cornerstone Cabarrus Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,948
Interest Rate
5.51%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Strategic Property Group Llc | $100,000 | Sperry Law Firm Pc | |
| Strategic Property Group Llc | $100,000 | None Listed On Document | |
| Investcar Llc | $85,000 | Sperry Law Firm Pc | |
| Investcar Llc | $85,000 | None Listed On Document | |
| E Squared Properties Llc | $60,000 | None Available | |
| Cornerstone Cabarrus Llc | $761,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Strategic Property Group Llc | $90,000 | |
| Closed | Strategic Property Group Llc | $90,000 | |
| Previous Owner | Cornerstone Cabarrus Llc | $385,948 | |
| Previous Owner | Cornerstone Cabarrus Llc | $1,077,497 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/05/2024 01/05/24 | Sold | $207,000 | -3.7% | $232 / Sq Ft |
| 11/13/2023 11/13/23 | Price Changed | $214,900 | -2.3% | $241 / Sq Ft |
| 10/16/2023 10/16/23 | Price Changed | $219,900 | -2.2% | $247 / Sq Ft |
| 09/09/2023 09/09/23 | For Sale | $224,900 | +8.6% | $252 / Sq Ft |
| 08/09/2023 08/09/23 | Off Market | $207,000 | -- | -- |
| 08/08/2023 08/08/23 | For Sale | $224,900 | +275.5% | $252 / Sq Ft |
| 08/27/2019 08/27/19 | Sold | $59,900 | -7.7% | $67 / Sq Ft |
| 07/20/2019 07/20/19 | Pending | -- | -- | -- |
| 07/17/2019 07/17/19 | Price Changed | $64,900 | -7.2% | $73 / Sq Ft |
| 07/01/2019 07/01/19 | Price Changed | $69,900 | -6.7% | $78 / Sq Ft |
| 06/12/2019 06/12/19 | Price Changed | $74,900 | -6.3% | $84 / Sq Ft |
| 06/05/2019 06/05/19 | For Sale | $79,900 | -- | $90 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $1,794 | $148,281 | $19,747 | $128,534 |
| 2024 | $1,794 | $148,281 | $19,747 | $128,534 |
| 2023 | $1,379 | $113,932 | $19,747 | $94,185 |
| 2022 | $627 | $48,715 | $15,190 | $33,525 |
| 2021 | $627 | $48,715 | $15,190 | $33,525 |
| 2020 | $627 | $48,715 | $15,190 | $33,525 |
| 2019 | $627 | $48,715 | $15,190 | $33,525 |
| 2018 | $597 | $46,886 | $15,190 | $31,696 |
| 2017 | $597 | $46,886 | $15,190 | $31,696 |
| 2016 | $597 | $46,886 | $15,190 | $31,696 |
| 2015 | $606 | $46,886 | $15,190 | $31,696 |
| 2014 | $581 | $46,512 | $13,367 | $33,145 |
Source: Public Records
Agents Affiliated with this Home
-
James Moon
-
Faye Sherrill
F
Seller Co-Listing Agent in 2024
Faye Sherrill
Strategic Property Group
(704) 787-3262
2 in this area
4 Total Sales
-
Tina Anderson
Buyer's Agent in 2024
Tina Anderson
EXP Realty LLC
(704) 467-1628
13 in this area
121 Total Sales
-
Mark Goodnight
Seller's Agent in 2019
Mark Goodnight
Lantern Realty & Development, LLC
(704) 773-0818
8 in this area
47 Total Sales
-
Shannon Faulkner
S
Buyer's Agent in 2019
Shannon Faulkner
NC Properties 101
(704) 719-0088
17 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4049715
APN: 149-006
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