NOT LISTED FOR SALE

515 Spring St Kannapolis, NC 28083

Estimated Value: $135,000 - $237,000

2 Beds
1 Bath
1,020 Sq Ft
$194/Sq Ft Est. Value

Last Sold November 08, 2023

Last sale price $105,000 $103 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $1,309/month

2 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of November 2023

Great investment opportunity minutes from Downtown Kannapolis.This fixer-upper offers hardwood floors and a spacious layout. The two bedrooms and bathroom provide a foundation for your renovation vision. A new roof is required, but this property's potential is waiting to be unlocked. Home is sold as is.

Last Agent to Sell the Property

Brittney Ellington

Team Thomas & Associates Realty Inc. License #340038 Listed on: 10/18/2023

Last Buyer's Agent

Sandy Atilano Valtierra

Costello Real Estate and Investments LLC License #329919

Costello Real Estate and Investments LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • Property is zoned O-I

Parking

  • Driveway

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • G.W. Carver Elementary School
  • Kannapolis Middle School
  • A.L. Brown High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 5613-66-8526-0000

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 102.94
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Entry Level: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1020
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: None
  • Above Grade Finished Sq Ft: 1020
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1020
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Partial

Garage/Parking

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

Utilities

  • Heating: Forced Air, None
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen
  • Cooling: Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5613-66-8526-0000
  • Land Included Yn: 1
  • ResoLotSizeUnits: Acres
  • Zoning Specification: O-I

MLS Schools

  • Elementary School: G.W. Carver
  • High School: A.L. Brown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Nov 2, 2023
Sold by
Black Thomas Eugene and Black Larhonda Michelle
Bought by
H4f Investments Llc
Seller's Agent
Brittney Ellington
Team Thomas & Associates Realty Inc.
Buyer's Agent
Sandy Atilano Valtierra
Costello Real Estate and Investments LLC
List Price
$95,000
Sold Price
$105,000
Premium/Discount to List
$10,000
10.53%
Views
27
Current Estimated Value
$215,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,878
Avg. Annual Appreciation
32.83%
Original Mortgage
$148,500
Interest Rate
7.31%
Mortgage Type
Construction
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
H4f Investments Llc $105,000 None Listed On Document
H4f Investments Llc $105,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed H4f Investments Llc $148,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2023 11/08/23 Sold $105,000 +10.5% $103 / Sq Ft
10/20/2023 10/20/23 For Sale $95,000 -9.5% $93 / Sq Ft
10/19/2023 10/19/23 Off Market $105,000 -- --
10/18/2023 10/18/23 For Sale $95,000 -- $93 / 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 $2,255 $198,630 $45,600 $153,030
2024 $1,169 $102,980 $45,600 $57,380
2023 $911 $65,760 $36,480 $29,280
2022 $911 $66,470 $36,480 $29,990
2021 $1,063 $66,470 $36,480 $29,990
2020 $911 $66,470 $36,480 $29,990
2019 $791 $57,710 $29,640 $28,070
2018 $779 $57,710 $29,640 $28,070
2017 $768 $57,710 $29,640 $28,070
2016 $768 $57,580 $29,640 $27,940
2015 $726 $57,580 $29,640 $27,940
2014 $726 $57,580 $29,640 $27,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4080157

Canopy MLS (Canopy Realtor® Association)

APN: 5613-66-8526-0000