NOT LISTED FOR SALE

506 N Ridge Ave Kannapolis, NC 28083

Estimated Value: $290,000 - $333,000

2 Beds
1 Bath
1,552 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 17, 2019

Last sale price $185,000 $119 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,886/month

2 Days on Market

About This Home

As of December 2019

Beautiful home features a spacious interior with 2 bedrooms and 1 full bath! Enjoy the beauty of Downtown Kannapolis from this large covered front porch. Spacious, bright living area. Oversized dining room is highlighted by beautiful wainscoting and upgraded lighting. Large kitchen features a huge island, granite countertops, and stainless steel appliances. Original doors and high ceilings add to the charm and character of this updated mill home. Well-appointed Master includes his and her closets. Large secondary bedroom has private access to the full bath. Laundry room includes added storage. Freshly stained rear deck and separate outside storage building. PRIME location!! Walking distance from the N.C. Research Campus and the new sports and entertainment venue.

Last Agent to Sell the Property

LaToya Black

Keller Williams Premier License #275729 Listed on: 11/08/2019

Keller Williams Premier

Last Buyer's Agent

Donna McCain

ERA Live Moore License #248387

ERA Live Moore

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 8,276

Home Design

  • Vinyl Siding

Interior Spaces

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

Listing and Financial Details

  • Assessor Parcel Number 5614-82-2294-0000

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.98457
  • Ratio Close Price By Original Li: 0.98457
  • Ratio Current Price By Acre: 973684.21
  • Ratio Current Price By Sq Ft: 119.20
  • Year Built: 1930
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Electric Dryer Hookup, Microwave, Wall Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1552
  • Total Sq Ft: 1552

Exterior Features

  • Construction: Aluminum, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Detached Garage, Driveway

Utilities

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

Schools

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

Lot Info

  • Lot Size Area: 0.190
  • Parcel Number: 5614-82-2294-0000
  • Zoning Specification: RV

Tax Info

  • Tax Value: 103940.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
Dec 17, 2019
Sold by
Fondrie Jonathan and Fondrie Paige
Bought by
Dunbar Jennifer
Seller's Agent
LaToya Black
Keller Williams Premier
Buyer's Agent
Donna McCain
ERA Live Moore
List Price
$187,900
Sold Price
$185,000
Premium/Discount to List
-$2,900
-1.54%
Current Estimated Value
$304,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,806
Avg. Annual Appreciation
8.89%
Original Mortgage
$162,000
Outstanding Balance
$143,573
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$161,233

Purchase Details

Listed on
Sep 24, 2017
Closed on
Jan 8, 2018
Sold by
Bph Property Management Llc
Bought by
Fondrie Jonathan and Fondrie Paige
Seller's Agent
Bradley Cohen
RE/MAX Executive
Buyer's Agent
Lori Russell
Howard Hanna Allen Tate Lake Norman
List Price
$159,900
Sold Price
$159,000
Premium/Discount to List
-$900
-0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$156,120
Interest Rate
3.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 9, 2016
Sold by
Substitute Trustee Services Inc
Bought by
Bph Property Management Llc

Purchase Details

Closed on
Oct 13, 2008
Sold by
Tomlin Glenn Andrew
Bought by
Smith Mary Louise

Purchase Details

Closed on
Dec 11, 2003
Sold by
Smith Mary Louise
Bought by
Smith Mary Louise and Tomlin Glenn Andrew

Purchase Details

Closed on
Apr 1, 1986
Bought by
Smith George T
Source: Public Records

Range of Values:

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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
Dunbar Jennifer $185,000 None Available
Fondrie Jonathan $159,000 None Available
Bph Property Management Llc $69,500 None Available
Smith Mary Louise -- None Available
Smith Mary Louise -- --
Smith George T $28,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dunbar Jennifer $162,000
Closed Dunbar Jennifer $162,000
Previous Owner Fondrie Jonathan $156,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2019 12/17/19 Sold $185,000 -1.5% $119 / Sq Ft
11/10/2019 11/10/19 Pending -- -- --
11/08/2019 11/08/19 For Sale $187,900 +18.2% $121 / Sq Ft
01/10/2018 01/10/18 Sold $159,000 -0.6% $102 / Sq Ft View Prior Sale
11/28/2017 11/28/17 Pending -- -- --
09/24/2017 09/24/17 For Sale $159,900 -- $102 / 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
2025 $3,288 $289,520 $44,000 $245,520
2024 $3,288 $289,520 $44,000 $245,520
2023 $2,327 $169,860 $32,000 $137,860
2022 $2,327 $169,860 $32,000 $137,860
2021 $2,327 $169,860 $32,000 $137,860
2020 $2,327 $169,860 $32,000 $137,860
2019 $1,424 $103,940 $12,750 $91,190
2018 $1,403 $103,940 $12,750 $91,190
2017 $1,302 $97,880 $12,750 $85,130
2016 $651 $104,300 $23,000 $81,300
2015 $649 $104,300 $23,000 $81,300
2014 $649 $104,300 $23,000 $81,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3567011

Canopy MLS (Canopy Realtor® Association)

APN: 5614-82-2294-0000