NOT LISTED FOR SALE

509 Falls Ln Kannapolis, NC 28081

Estimated Value: $319,000 - $383,000

3 Beds
2.5 Baths
1,484 Sq Ft
$231/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $330,000 $222 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,106/month

3 Days on Market

Highlights

  • Open Floorplan
  • Walk-In Closet
  • Entrance Foyer
  • 2 Car Attached Garage
  • Community Playground
  • Tile Flooring

About This Home

As of August 2023

This one owner home is beautiful and conveniently located just a short drive to Downtown Kannapolis, the Carolina Research Campus and the Kannapolis Cannon Ballers Stadium. This three bedroom, two and a half bath home is move-in ready. The downstairs features an open concept with great room, kitchen and dining area. The kitchen has light cabinets, granite counters, stainless appliances, backsplash and pantry. Refrigerator remains with the home. As you head upstairs, notice the updated iron spindles on the staircase. Spacious primary bedroom with large walk-in closet. The primary bath has dual vanity sinks and a tile floor. The secondary bedrooms both have great storage space. The laundry area is upstairs and the washer and dryer stay with the home! There is an additional large storage closet upstairs - you will be surprised at the amount of storage in this home. Two car garage, privately fenced backyard, rear patio and much more. Come and see this home today, it is a rare find!

Last Agent to Sell the Property

Cindy Hope

Howard Hanna Allen Tate Southpark Brokerage Email: cindy.hope@allentate.com License #135719 Listed on: 07/30/2023

Howard Hanna Allen Tate Southpark

Last Buyer's Agent

Sherri Argabright

Lantern Realty & Development, LLC License #220340

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020

Lot Details

  • Lot Dimensions are 41 x 116 x 41 x 116
  • Privacy Fence
  • Back Yard Fenced
  • Property is zoned R18

HOA Fees

  • $35 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Entrance Foyer
  • Pull Down Stairs to Attic
  • Carbon Monoxide Detectors

Kitchen

  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Washer and Dryer

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 154D022

Community Details

Overview

  • Association Management Solutions Association, Phone Number (704) 940-6100
  • The Falls Subdivision
  • Mandatory home owners association

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Year Built

Built in 2020

Lot Details

0

HOA Fees

$35 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 222.37
  • Geocode Confidence: High
  • Attribution Contact: cindy.hope@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Entrance Foyer, Open Floorplan, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 535
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 949
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Washer, Washer/Dryer
  • Above Grade Finished Sq Ft: 1484
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1484
  • Bedroom Main: 0

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced, Privacy
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Laundry Closet, Upper Level
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Playground
  • Association Fee: 425
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Association Management Solutions
  • Phone: 704-940-6100
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 425.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 154D022
  • Lot Size: 41 x 116 x 41 x 116
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R18

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2020
Sold by
True Homes Llc
Bought by
Kadel Jacob Floyd and Dewitt Tori
Current Estimated Value
$342,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,250
Outstanding Balance
$194,038
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$148,882

Purchase Details

Closed on
Dec 19, 2019
Sold by
Dependable Development Inc
Bought by
True Homes Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kadel Jacob Floyd $225,000 Independence Title Group Llc
True Homes Llc $99,000 Independence Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kadel Jacob Floyd $218,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2023 08/31/23 Sold $330,000 +1.5% $222 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/30/2023 07/30/23 For Sale $325,000 -- $219 / 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 $3,554 $293,680 $42,500 $251,180
2024 $3,554 $293,680 $42,500 $251,180
2023 $3,554 $293,680 $42,500 $251,180
2022 $1,947 $151,185 $34,000 $117,185
2021 $1,947 $151,185 $34,000 $117,185
2020 $372 $28,900 $28,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4055095

Canopy MLS (Canopy Realtor® Association)

APN: 154-D022