NOT LISTED FOR SALE

514 W 7th St Kannapolis, NC 28081

Estimated Value: $183,000 - $217,000

2 Beds
1 Bath
1,164 Sq Ft
$176/Sq Ft Est. Value

Last Sold July 03, 2017

Last sale price $75,000 $64 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $1,244/month

28 Days on Market

About This Home

As of July 2017

Charming home with the features that attract homebuyers to the Village. A quiet street with its own sidewalks just two blocks from the Campus and the sidewalks going to the village downtown--great walkability. Close to shopping, interstates, and dining.
Tenant-occupied; lease will be up at end of October, so at least 24-hours advance notice required to view.

Last Agent to Sell the Property

Sandra Fogg

Kannapolis Real Estate Agency License #273867 Listed on: 04/17/2017

Co-Listed By

Martha Oliver

Kannapolis Real Estate Advisors License #216188

Last Buyer's Agent

Todd Long

Keller Williams Unified License #215659

Keller Williams Unified

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 8,712

Parking

  • Gravel Driveway

Home Design

  • Cottage
  • Vinyl Siding

Additional Features

  • 1 Full Bathroom
  • Crawl Space
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 149 189

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.90361
  • Ratio Close Price By Original Li: 0.90361
  • Ratio Current Price By Acre: 375000.00
  • Ratio Current Price By Sq Ft: 64.43
  • Year Built: 1925
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Refrigerator
  • Laundry Location: Main
  • Room Count: 1
  • Sq Ft Additional: 444
  • Main Level Sq Ft: 1164
  • Total Sq Ft: 1164

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Garage - 1 Car

Utilities

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

Schools

  • Elementary School: Woodrow Wilson
  • Middle School: Kannapolis
  • High School: A.L. Brown

Lot Info

  • Lot Dimension: 67X135
  • Lot Size Area: 0.200
  • Parcel Number: 149 189
  • Plat Reference Section Pages: 188
  • Zoning: Residential
  • Zoning Specification: RV

Tax Info

  • Tax Value: 72274.00
  • Tax Location: Kannapls/row

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2017
Closed on
Jun 22, 2017
Sold by
Cohen Laura
Bought by
Marquez Melissa Barron and Marquez Jorege Louis
Seller's Agent
Sandra Fogg
Kannapolis Real Estate Agency
Buyer's Agent
Todd Long
Keller Williams Unified
List Price
$83,000
Sold Price
$75,000
Premium/Discount to List
-$8,000
-9.64%
Current Estimated Value
$204,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,671
Avg. Annual Appreciation
12.94%
Original Mortgage
$60,000
Outstanding Balance
$49,907
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$154,764

Purchase Details

Closed on
Apr 24, 2007
Sold by
Russell Margaret C
Bought by
Cohen Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
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
Marquez Melissa Barron $75,000 None Available
Cohen Laura $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquez Melissa Barron $60,000
Previous Owner Cohen Laura $76,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2017 07/03/17 Sold $75,000 -9.6% $64 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $83,000 0.0% $71 / Sq Ft
09/17/2015 09/17/15 Rented $699 +7.5% --
09/04/2015 09/04/15 Under Contract -- -- --
08/17/2015 08/17/15 For Rent $650 -16.1% --
07/01/2014 07/01/14 Rented $775 0.0% --
05/20/2014 05/20/14 Under Contract -- -- --
05/01/2014 05/01/14 For Rent $775 -- --
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 $1,903 $157,288 $28,500 $128,788
2024 $1,903 $157,288 $28,500 $128,788
2023 $1,903 $157,288 $28,500 $128,788
2022 $1,142 $88,716 $22,000 $66,716
2021 $1,142 $88,716 $22,000 $66,716
2020 $1,142 $88,716 $22,000 $66,716
2019 $1,142 $88,716 $22,000 $66,716
2018 $920 $72,274 $18,720 $53,554
2017 $920 $72,274 $18,720 $53,554
2016 $920 $72,274 $18,720 $53,554
2015 $934 $72,274 $18,720 $53,554
2014 $897 $71,739 $15,600 $56,139
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3271862

Canopy MLS (Canopy Realtor® Association)

APN: 149-189