NOT LISTED FOR SALE

516 W 7th St Kannapolis, NC 28081

Estimated Value: $219,000 - $242,000

2 Beds
2 Baths
1,388 Sq Ft
$164/Sq Ft Est. Value

Last Sold August 31, 2020

Last sale price $135,000 $97 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,432/month

105 Days on Market

Highlights

  • Traditional Architecture
  • Shed
  • Level Lot
  • Wood Flooring
  • Kitchen Island

About This Home

As of August 2020

Home in the Heart of Kannapolis where new Baseball Center, Atrium Health Ballpark, is coming. Close to Bakers Creek Park which offers picnic shelters, basketball courts, a playground, mini-golf course, tennis court, and more. Home features hardwood flooring throughout and upgraded bathrooms. Situated on a huge lot with fenced-in backyard.

Last Agent to Sell the Property

Rachel Alles

Mark Spain Real Estate License #215156 Listed on: 03/20/2020

Mark Spain Real Estate

Co-Listed By

Ivory Joyner

Coldwell Banker Realty License #187022

Last Buyer's Agent

Kevin Senter

Senter & Company LLC License #290000

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1925

Lot Details

  • 10,019

Home Design

  • Traditional Architecture
  • Garden Home
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Insulated Windows
  • Crawl Space
  • Kitchen Island

Flooring

  • Wood
  • Tile
  • Vinyl

Additional Features

  • Shed
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number 149218

Home Details

Home Type

Single Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Garden, Traditional
  • Ratio Close Price By List Price: 0.90000
  • Ratio Close Price By Original Li: 0.90000
  • Ratio Current Price By Acre: 586956.52
  • Ratio Current Price By Sq Ft: 97.26
  • Year Built: 1925
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Refrigerator, Electric Oven
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Kitchen Island
  • Laundry Location: Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1388
  • Total Sq Ft: 1388

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Shed(s)

Garage/Parking

  • Driveway: Earth
  • Parking: Parking Space - 3

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.230
  • Parcel Number: 149218
  • Zoning Specification: RES

Tax Info

  • Tax Value: 82432.00
  • Tax Location: China Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Aug 28, 2020
Sold by
Lanning Matthew Jacob and Lanning Kenya
Bought by
Duarte Nelson
Seller's Agent
Rachel Alles
Mark Spain Real Estate
Buyer's Agent
Kevin Senter
Senter & Company LLC
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%
Current Estimated Value
$227,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,396
Avg. Annual Appreciation
11.06%
Original Mortgage
$108,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 9, 2001
Bought by
Lanning Matthew J
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
Duarte Nelson $135,000 Morehead Title Company
Lanning Matthew J $81,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duarte Nelson $111,023
Closed Duarte Nelson $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2020 08/31/20 Sold $135,000 -10.0% $97 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $150,000 -- $108 / 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
2024 $2,110 $174,342 $28,500 $145,842
2023 $2,110 $174,342 $28,500 $145,842
2022 $1,254 $97,385 $22,000 $75,385
2021 $1,254 $97,385 $22,000 $75,385
2020 $1,254 $97,385 $22,000 $75,385
2019 $1,254 $97,385 $22,000 $75,385
2018 $1,049 $82,432 $21,888 $60,544
2017 $1,049 $82,432 $21,888 $60,544
2016 $1,049 $82,432 $21,888 $60,544
2015 $1,065 $82,432 $21,888 $60,544
2014 $1,021 $81,687 $18,240 $63,447
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3602224

Canopy MLS (Canopy Realtor® Association)

APN: 149-218