NOT LISTED FOR SALE

525 Park St Kannapolis, NC 28083

Estimated Value: $223,000 - $294,000

2 Beds
1 Bath
1,160 Sq Ft
$215/Sq Ft Est. Value

Last Sold December 21, 2023

Last sale price $215,000 $185 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,550/month

111 Days on Market

Highlights

  • Front Porch
  • Tile Flooring
  • Central Air
  • Laundry in Mud Room
  • 1-Story Property

About This Home

As of December 2023

Great opportunity for an investor or first time home buyer! Has been a rental for the last year for $1300/month, but could go for $1500/month. The house is minutes from the baseball field! It has been fully renovated from top to bottom! Went temp off market to fix foundation, so now accepting financing options!

Last Agent to Sell the Property

Amanda McKinnon

Mark Spain Real Estate Brokerage Email: AmandaMcKinnon@MarkSpain.com License #323972 Listed on: 08/02/2023

Mark Spain Real Estate

Last Buyer's Agent

Lissette Rodriguez

Lantern Realty & Development, LLC License #344353

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,802

Year Built

  • Built in 1935

Lot Details

  • 9,148

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,160 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in Mud Room
  • Laundry Room

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Front Porch
  • Property is zoned RV

Listing and Financial Details

  • Assessor Parcel Number 5613-86-1802-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,802

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1935
  • Road Surface Type: Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 185.34
  • Geocode Confidence: High
  • Attribution Contact: AmandaMcKinnon@MarkSpain.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1160
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Refrigerator
  • Above Grade Finished Sq Ft: 1160
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1160
  • Bedroom Main: 2
  • Room Count: 7
  • Sq Ft Other: 303

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Front Porch

Garage/Parking

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

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Mud Room, Main Level
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.216
  • Lot Size Units: Acres
  • Parcel Number: 5613-86-1802-0000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2023
Closed on
Dec 20, 2023
Sold by
Conatus Llc
Bought by
Cooper Madison J and Pyun Daniel
Seller's Agent
Amanda McKinnon
Mark Spain Real Estate
Buyer's Agent
Lissette Rodriguez
Lantern Realty & Development, LLC
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Views
691
Current Estimated Value
$249,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,046
Avg. Annual Appreciation
8.27%
Original Mortgage
$217,000
Outstanding Balance
$213,328
Interest Rate
7.4%
Mortgage Type
New Conventional
Estimated Equity
$35,718

Purchase Details

Closed on
May 20, 2021
Sold by
Investcar Llc
Bought by
Conatus Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1985
Bought by
Jung Newmoon N and Jung Wife
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
Cooper Madison J $215,000 None Listed On Document
Conatus Llc $120,000 None Available
Investcar Llc $90,000 None Available
Conatus Llc $120,000 None Listed On Document
Investcar Llc $90,000 None Listed On Document
Investcar Llc $90,000 None Listed On Document
Jung Newmoon N $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Madison J $217,000
Previous Owner Investcar Llc $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2023 12/21/23 Sold $215,000 -4.4% $185 / Sq Ft
09/21/2023 09/21/23 For Sale $225,000 +4.7% $194 / Sq Ft
09/19/2023 09/19/23 Off Market $215,000 -- --
08/03/2023 08/03/23 For Sale $225,000 +4.7% $194 / Sq Ft
08/02/2023 08/02/23 Off Market $215,000 -- --
08/02/2023 08/02/23 For Sale $225,000 -- $194 / 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 $2,802 $246,780 $45,000 $201,780
2024 $2,802 $246,780 $45,000 $201,780
2023 $1,943 $141,840 $34,000 $107,840
2022 $1,256 $91,670 $34,000 $57,670
2021 $1,256 $91,670 $34,000 $57,670
2020 $1,256 $91,670 $34,000 $57,670
2019 $716 $52,240 $9,000 $43,240
2018 $705 $52,240 $9,000 $43,240
2017 $695 $52,240 $9,000 $43,240
2016 $695 $62,950 $15,000 $47,950
2015 $793 $62,950 $15,000 $47,950
2014 $793 $62,950 $15,000 $47,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4048396

Canopy MLS (Canopy Realtor® Association)

APN: 5613-86-1802-0000