NOT LISTED FOR SALE

512 W 7th St Kannapolis, NC 28081

Estimated Value: $216,000 - $320,000

2 Beds
2 Baths
1,399 Sq Ft
$196/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $280,000 $200 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,656/month

4 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Central Heating

About This Home

As of March 2022

Location, Location, Location! Beautiful home located in Kannapolis -minutes from downtown! This home features nice size updated kitchen and a cute dining area! Large living room with hardwood floors. Both bedrooms are nice size with wood floors. Both bathrooms have also been beautifully updated! This is a must see home! Detached carport and storage building.

Last Agent to Sell the Property

Paula Severt

Lantern Realty & Development, LLC License #256100 Listed on: 01/29/2022

Lantern Realty & Development, LLC

Last Buyer's Agent

Tammy Fox

Lantern Realty & Development, LLC License #278107

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,393

Year Built

  • Built in 1920

Lot Details

  • 9,583

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,399 Sq Ft Home
  • Crawl Space
  • Electric Cooktop
  • Laundry Room

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Outbuilding
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 149276

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,393

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1920
  • Ratio Current Price By Acre: 1217391.30
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Tile, Wood
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1399
  • 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
  • Porch: Front
  • Appliances: Electric Cooktop
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1399
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Tax Location: Kannapls/row
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

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

Lot Info

  • Lot Size Area: 0.23
  • Lot Size Units: Acres
  • Parcel Number: 149276
  • Lot Size: per tax plat
  • Zoning Description: sfR

Tax Info

  • RATIO List Price By Tax Amount: 2.96286

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2022
Closed on
Mar 10, 2022
Sold by
R T R Homes Inc
Bought by
Moody Phillip
Seller's Agent
Paula Severt
Lantern Realty & Development, LLC
Buyer's Agent
Tammy Fox
Lantern Realty & Development, LLC
List Price
$289,700
Sold Price
$280,000
Premium/Discount to List
-$9,700
-3.35%
Current Estimated Value
$274,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,142
Avg. Annual Appreciation
-0.46%
Original Mortgage
$278,000
Outstanding Balance
$260,669
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$14,832

Purchase Details

Listed on
May 17, 2021
Closed on
Jul 15, 2021
Sold by
Investear Llc
Bought by
Rtr Homes Inc
Seller's Agent
J.Robert Hyman
Howard Hanna Allen Tate Rock Hill
Buyer's Agent
Joshua Pickens
Housewell.Com Realty of North Carolina LLC
List Price
$199,900
Sold Price
$134,000
Premium/Discount to List
-$65,900
-32.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
216.29%
Original Mortgage
$154,812
Interest Rate
2.93%
Mortgage Type
Construction

Purchase Details

Listed on
May 17, 2021
Closed on
Jul 14, 2021
Sold by
Wright Kristin Nicole
Bought by
Investcar Llc
Seller's Agent
J.Robert Hyman
Howard Hanna Allen Tate Rock Hill
Buyer's Agent
Joshua Pickens
Housewell.Com Realty of North Carolina LLC
List Price
$199,900
Sold Price
$134,000
Premium/Discount to List
-$65,900
-32.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,812
Interest Rate
2.93%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 9, 2017
Closed on
Jul 20, 2017
Sold by
Eudy Daryl B and Eudy Audrey
Bought by
Wright Kristin N
Seller's Agent
Erin Boyd
Southern Homes of the Carolinas, Inc
Buyer's Agent
Allison Wightman
Keller Williams Premier
List Price
$95,000
Sold Price
$99,000
Premium/Discount to List
$4,000
4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Original Mortgage
$97,206
Interest Rate
4.87%
Mortgage Type
FHA
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
Moody Phillip $280,000 Law Office Of Kevin C Link
Rtr Homes Inc $149,500 None Available
Investcar Llc $134,000 None Available
Wright Kristin N $99,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moody Phillip $278,000
Previous Owner Rtr Homes Inc $154,812
Previous Owner Wright Kristin N $97,206
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $280,000 -3.3% $200 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $289,700 +116.2% $207 / Sq Ft
07/19/2021 07/19/21 Sold $134,000 -16.2% $95 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/11/2021 06/11/21 Price Changed $159,900 -15.8% $114 / Sq Ft
06/01/2021 06/01/21 Price Changed $189,900 -5.0% $135 / Sq Ft
05/17/2021 05/17/21 For Sale $199,900 +101.9% $142 / Sq Ft
07/27/2017 07/27/17 Sold $99,000 +4.2% $73 / Sq Ft
06/11/2017 06/11/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $95,000 -- $70 / 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 $2,393 $197,742 $28,500 $169,242
2024 $2,393 $197,742 $28,500 $169,242
2023 $2,393 $197,742 $28,500 $169,242
2022 $1,259 $97,777 $22,000 $75,777
2021 $1,259 $97,777 $22,000 $75,777
2020 $1,259 $97,777 $22,000 $75,777
2019 $1,259 $97,777 $22,000 $75,777
2018 $1,099 $86,288 $21,024 $65,264
2017 $1,099 $86,288 $21,024 $65,264
2016 $1,099 $86,288 $21,024 $65,264
2015 $1,115 $86,288 $21,024 $65,264
2014 $1,074 $85,908 $17,520 $68,388
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3824989

Canopy MLS (Canopy Realtor® Association)

APN: 149-276