NOT LISTED FOR SALE

506 Walter St Kannapolis, NC 28083

Estimated Value: $222,000 - $256,000

3 Beds
1 Bath
1,300 Sq Ft
$188/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $183,000 $141 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,525/month

Highlights

  • Ranch Style House
  • Covered Patio or Porch
  • Fenced
  • Wood Flooring
  • Central Air

About This Home

As of September 2023

Fall Kickoff Move in by September 15th, 2023. Get $600 off November 2023’s rent. AND Apply and get your application fee waived if you’re approved. Fee will be deducted from your first month’s rent.

Ready for new residents! Enjoy the coziness of this darling home inside or travel outside to sit back and unwind on the porch swing, overlooking the peaceful yard. This home features a large, open living area on the main level complete with a sunny kitchen with granite counters and stainless steel appliances. All bedrooms are nice-sized and perfect for you and your family. The spacious backyard is great for outdoor cookouts. Make this dream home yours. Apply online today!

Deposit determined by credit score. Applicant to verify school. Renter insurance is required. Landscaping and pest control are Tenant responsibilities. The property allows self-guided viewing without an appointment.

Last Agent to Rent the Property

Julie Colquitt

Sylvan Realty License #88378 Listed on: 07/19/2023

Last Renter's Agent

Julie Colquitt

Sylvan Realty License #88378 Listed on: 07/19/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,952

Year Built

  • Built in 1930

Lot Details

  • Fenced
  • Property is zoned RV

Home Design

  • Ranch Style House
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 1,300 Sq Ft Home
  • Wood Flooring

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Carport Space
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Schools

  • Forest Park Elementary School
  • Northwest Cabarrus Middle School
  • A.L. Brown High School

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Property Available on 7/19/23
  • Tenant pays for all utilities
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 5613-87-0450-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,952

Year Built

Built in 1930

Lot Details

0

Rental Info

  • Tenant Pays: All Utilities
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Smoking Allowed Yn: 0
  • Lease Term: 12 Months
  • Available Date: 2023-07-19
  • Pet Deposit: 250

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1930
  • Road Surface Type: Gravel
  • Unit Levels: One
  • ResoPropertyType: ResidentialLease
  • Ratio CurrentPrice/TotalPropertyHLA: 1.15
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Flooring: Wood
  • Interior Amenities: Other - See Remarks
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1300
  • 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: 0
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Above Grade Finished Sq Ft: 1300
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1300
  • Bedroom Main: 3
  • Room Count: 1
  • Sq Ft Other: 0

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Northwest Cabarrus
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.28
  • Lot Size Units: Acres
  • Parcel Number: 5613-87-0450-0000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Forest Park
  • High School: A.L. Brown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2021
Closed on
Oct 18, 2021
Sold by
Johnson Toryn
Bought by
Diversified Residential Homes 1 Llc
Seller's Agent
Sissy Richardson
Fathom Realty NC LLC
Buyer's Agent
Sissy Richardson
Fathom Realty NC LLC
List Price
$195,000
Sold Price
$183,000
Premium/Discount to List
-$12,000
-6.15%
Current Estimated Value
$243,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,887
Avg. Annual Appreciation
7.54%

Purchase Details

Listed on
Sep 5, 2019
Closed on
Dec 6, 2019
Sold by
Hunter & Son Properties Llc
Bought by
Johnson Toryn Rashaun
Seller's Agent
Don Anthony Gomez
C-A-RE Realty
Buyer's Agent
Shawn Gerald
Queen City House Hunters, LLC
List Price
$142,900
Sold Price
$142,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.90%
Original Mortgage
$138,613
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2019
Sold by
Helms Arlene W and Wiles Vina Carol
Bought by
Hunter & Son Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,400
Interest Rate
4.1%
Mortgage Type
Reverse Mortgage Home Equity Conversion 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
Diversified Residential Homes 1 Llc $183,000 None Available
Johnson Toryn Rashaun $143,000 None Available
Hunter & Son Properties Llc $53,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnson Toryn Rashaun $138,613
Previous Owner Johnson Toryn Rashaun $8,000
Previous Owner Hunter & Son Properties Llc $89,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2023 09/05/23 Rented $1,500 0.0% --
08/25/2023 08/25/23 Price Changed $1,500 -2.9% $1 / Sq Ft
08/17/2023 08/17/23 Price Changed $1,545 -3.4% $1 / Sq Ft
08/10/2023 08/10/23 Price Changed $1,600 -1.5% $1 / Sq Ft
07/27/2023 07/27/23 Price Changed $1,625 -2.4% $1 / Sq Ft
07/19/2023 07/19/23 For Rent $1,665 +11.1% --
05/23/2022 05/23/22 Rented $1,499 0.0% --
05/20/2022 05/20/22 Price Changed $1,499 -3.4% $1 / Sq Ft
05/13/2022 05/13/22 Price Changed $1,551 +0.1% $1 / Sq Ft
04/29/2022 04/29/22 Price Changed $1,550 -1.6% $1 / Sq Ft
04/20/2022 04/20/22 Price Changed $1,575 -2.8% $1 / Sq Ft
03/21/2022 03/21/22 For Rent $1,620 0.0% --
10/28/2021 10/28/21 Sold $183,000 -6.2% $141 / Sq Ft View Prior Sale
09/20/2021 09/20/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $195,000 +36.5% $150 / Sq Ft
12/06/2019 12/06/19 Sold $142,900 0.0% $110 / Sq Ft View Prior Sale
11/03/2019 11/03/19 For Sale $142,900 0.0% $110 / Sq Ft
10/12/2019 10/12/19 Pending -- -- --
10/02/2019 10/02/19 Price Changed $142,900 -1.4% $110 / Sq Ft
09/22/2019 09/22/19 Price Changed $144,900 -2.0% $111 / Sq Ft
09/16/2019 09/16/19 Price Changed $147,900 -1.3% $114 / Sq Ft
09/05/2019 09/05/19 For Sale $149,900 -- $115 / 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 $2,952 $260,000 $45,000 $215,000
2024 $2,952 $260,000 $45,000 $215,000
2023 $1,998 $145,840 $34,000 $111,840
2022 $1,998 $145,840 $34,000 $111,840
2021 $1,998 $145,840 $34,000 $111,840
2020 $1,998 $145,840 $34,000 $111,840
2019 $717 $52,300 $9,000 $43,300
2018 $353 $52,300 $9,000 $43,300
2017 $348 $52,300 $9,000 $43,300
2016 $348 $63,900 $15,000 $48,900
2015 $403 $63,900 $15,000 $48,900
2014 $403 $63,900 $15,000 $48,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4050726

Canopy MLS (Canopy Realtor® Association)

APN: 5613-87-0450-0000