NOT LISTED FOR SALE

508 Locust St Kannapolis, NC 28081

Estimated Value: $207,000 - $211,000

3 Beds
1 Bath
1,012 Sq Ft
$206/Sq Ft Est. Value

Last Sold December 29, 2022

Last sale price $152,000 $150 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,286/month

Highlights

  • Deck
  • Front Porch
  • Bungalow
  • Wood Flooring
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2023

Welcome to this charming, remodeled three-bedroom, one-bathroom mill house located in an amazing, convenient location! This unique property boasts stunning updates throughout, offering the perfect blend of character and modern amenities. Walk into a cozy living room with plenty of natural light, a beautiful kitchen with stainless steel appliances. The three bedrooms each have ample closet space and beautiful windows that let in plenty of natural light. The full bathroom is complete with a bathtub/shower combination and stylish finishes and extra storage!

Step outside and enjoy all that Kannapolis has with easy access to its bustling downtown area. The location offers the perfect balance of city life and tranquil living, allowing you to experience the best of both worlds. This property is also pet-friendly, so bring along your furry friends!

Don't miss out!

Last Agent to Rent the Property

Lindsay Smith

Keller Williams South Park License #304934 Listed on: 02/17/2023

Keller Williams South Park

Last Renter's Agent

Lindsay Smith

Keller Williams South Park License #304934 Listed on: 02/17/2023

Keller Williams South Park

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1928

Lot Details

  • 0.47

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Deck
  • Front Porch

Utilities

  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,575
  • Property Available on 2/17/23
  • Tenant pays for all utilities
  • 12-Month Minimum Lease Term
  • Assessor Parcel Number 152085

Home Details

Home Type

Single Family

Year Built

Built in 1928

Lot Details

0

Rental Info

  • Tenant Pays: All Utilities
  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Smoking Allowed Yn: 0
  • Lease Term: 12 Months
  • Available Date: 2023-02-17
  • Pet Deposit: 350
  • Security Deposit: 1575

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1928
  • Road Surface Type: Gravel
  • Unit Levels: One
  • ResoPropertyType: ResidentialLease
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown
  • Sq Ft Unheated Total: 0
  • Appliances: Dishwasher, Electric Range
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bedroom Main: 3

Exterior Features

  • Roof: Fiberglass
  • Waterfront Features: None
  • Patio And Porch Features: Deck, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Utilities: Cable Available, Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 152085
  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2022
Closed on
Dec 29, 2022
Sold by
Winthrope Capital Partners Llp
Bought by
Smith Jonathan and Smith Lindsay
Seller's Agent
Paul Benloss
EXP Realty LLC Ballantyne
Buyer's Agent
Lindsay Smith
Keller Williams South Park
List Price
$199,999
Sold Price
$152,000
Premium/Discount to List
-$47,999
-24%
Views
144
Current Estimated Value
$208,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,936
Avg. Annual Appreciation
11.19%
Original Mortgage
$114,000
Outstanding Balance
$109,322
Interest Rate
5%
Mortgage Type
Credit Line Revolving
Estimated Equity
$99,615

Purchase Details

Closed on
Mar 4, 2022
Sold by
Investcar Llc
Bought by
Winthrope Capital Partners Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
3.69%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 26, 2019
Closed on
Oct 30, 2019
Sold by
Menius Travis and Menius Amber
Bought by
Cardinas Nichols Pedro Samuel
Seller's Agent
Kirk Hanson
Coldwell Banker- CK Select
Buyer's Agent
Danny Misenheimer
Coldwell Banker Realty
List Price
$92,000
Sold Price
$98,000
Premium/Discount to List
$6,000
6.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$95,060
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2017
Sold by
Earnest Dwight Justin and Earnest Emma Jade
Bought by
Honeycutt Amber Nichole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 2, 2015
Closed on
May 22, 2015
Sold by
Bell Gigi Wasiak and Bell Steve
Bought by
Earnest Dwight Justin and Lofty Carpenter Emma Jade
List Price
$64,900
Sold Price
$54,000
Premium/Discount to List
-$10,900
-16.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.60%
Original Mortgage
$55,100
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 19, 2008
Sold by
Deutsche Bank Trust Co Americas
Bought by
Bell Gigi Wasiak and Bell Steve

Purchase Details

Closed on
May 6, 2008
Sold by
Daugherty Angela and Woodrum Angela P
Bought by
Deutsche Bank Trust Co Americas and Bankers Trust Co

Purchase Details

Closed on
Jul 23, 2004
Sold by
Vanderburg Ager L and Vanderburg Jeannie
Bought by
Woodrum Angela P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,200
Interest Rate
6.24%
Mortgage Type
Unknown
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
Smith Jonathan $152,000 --
Winthrope Capital Partners Llp $166,000 Sperry Law Firm Pc
Investcar Llc $150,000 Sperry Law Firm Pc
Investcar Llc $150,000 None Listed On Document
Cardinas Nichols Pedro Samuel $98,000 Statewide Title Inc
Honeycutt Amber Nichole $60,000 None Available
Earnest Dwight Justin $54,000 None Available
Bell Gigi Wasiak $27,000 None Available
Deutsche Bank Trust Co Americas $61,156 None Available
Woodrum Angela P $46,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jonathan $114,000
Previous Owner Investcar Llc $176,000
Previous Owner Cardinas Nichols Pedro Samuel $95,060
Previous Owner Honeycutt Amber Nichole $62,000
Previous Owner Earnest Dwight Justin $55,100
Previous Owner Woodrum Angela P $37,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2023 03/20/23 Rented $1,575 0.0% --
02/26/2023 02/26/23 Price Changed $1,575 -7.4% $2 / Sq Ft
02/17/2023 02/17/23 For Rent $1,700 0.0% --
12/29/2022 12/29/22 Sold $152,000 -15.6% $132 / Sq Ft View Prior Sale
12/09/2022 12/09/22 Pending -- -- --
11/12/2022 11/12/22 Price Changed $179,999 -2.7% $156 / Sq Ft
10/24/2022 10/24/22 Price Changed $184,999 -2.1% $160 / Sq Ft
09/22/2022 09/22/22 Price Changed $189,000 -3.1% $164 / Sq Ft
09/01/2022 09/01/22 Price Changed $194,999 -2.5% $169 / Sq Ft
08/05/2022 08/05/22 For Sale $199,999 +104.1% $173 / Sq Ft
10/30/2019 10/30/19 Sold $98,000 +6.5% $84 / Sq Ft View Prior Sale
09/27/2019 09/27/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $92,000 +70.4% $79 / Sq Ft
08/20/2015 08/20/15 Off Market $54,000 -- --
05/22/2015 05/22/15 Sold $54,000 -16.8% $53 / Sq Ft View Prior Sale
05/07/2015 05/07/15 Pending -- -- --
03/02/2015 03/02/15 For Sale $64,900 -- $64 / 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 $2,290 $189,221 $28,519 $160,702
2024 $2,290 $189,221 $28,519 $160,702
2023 $2,290 $189,221 $28,519 $160,702
2022 $834 $64,761 $21,938 $42,823
2021 $834 $64,761 $21,938 $42,823
2020 $834 $64,761 $21,938 $42,823
2019 $834 $64,761 $21,938 $42,823
2018 $791 $62,109 $21,937 $40,172
2017 $689 $54,128 $21,937 $32,191
2016 $689 $54,128 $21,937 $32,191
2015 $700 $54,128 $21,937 $32,191
2014 $640 $51,171 $17,550 $33,621
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4003236

Canopy MLS (Canopy Realtor® Association)

APN: 152-085