NOT LISTED FOR SALE

5318 Tanbark Ln Kannapolis, NC 28083

Estimated Value: $305,000 - $325,712

3 Beds
2 Baths
1,388 Sq Ft
$224/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $157,500 $113 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $1,812/month

4 Days on Market

Highlights

  • Modern Architecture
  • Shed
  • Vinyl Flooring
  • Mount Pleasant Elementary School Rated A-
  • Many Trees

About This Home

As of May 2019

Home is on a large acre lot with fenced in back yard. It is in the Mount Pleasant school district for elementary, middle, and high school. House has a large deck and screened in porch. There is also a large detached garage with workshop. There is a detached carport for 2 more cars. Home is close to interstate 85 but still feels like living in the country. It is a split level home with a few steps going to bedrooms.

Last Agent to Sell the Property

Lacinda Stutts

DM Properties & Associates License #288370 Listed on: 04/09/2019

Last Buyer's Agent

Annie Kamp

Lantern Realty & Development, LLC License #291550

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

  • 1

Home Design

  • Modern Architecture
  • Vinyl Siding

Additional Features

  • Oven
  • Vinyl Flooring
  • 2 Full Bathrooms
  • Crawl Space
  • Shed
  • Many Trees
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5643-56-1251-0000

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Modern
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92647
  • Ratio Close Price By Original Li: 0.92647
  • Ratio Current Price By Acre: 157500.00
  • Ratio Current Price By Sq Ft: 113.47
  • Year Built: 1978
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Cooktop Electric, Dishwasher, Oven
  • Flooring: Carpet, Vinyl
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1388
  • Total Sq Ft: 1388
  • Sq Ft Unheated Main: 144
  • Sq Ft Unheated Total: 144

Exterior Features

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

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Driveway

Utilities

  • Heating: Electric Hot Air, Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: Mount Pleasant
  • Middle School: Mount Pleasant
  • High School: Mount Pleasant

Lot Info

  • Lot Features: Trees
  • Lot Size Area: 1.000
  • Parcel Number: 5643-56-1251-0000
  • Zoning Specification: AO

Tax Info

  • Tax Value: 123560.00
  • Tax Location: Kannapls/cab

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2019
Closed on
May 16, 2019
Sold by
Buchanan Amanda Marie and Hannawi Mazen M
Bought by
Lemmond John William
Seller's Agent
Lacinda Stutts
DM Properties & Associates
Buyer's Agent
Annie Kamp
Lantern Realty & Development, LLC
List Price
$170,000
Sold Price
$157,500
Premium/Discount to List
-$12,500
-7.35%
Current Estimated Value
$310,928

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,428
Avg. Annual Appreciation
11.19%
Original Mortgage
$152,775
Outstanding Balance
$133,772
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$177,156

Purchase Details

Closed on
Apr 28, 2017
Sold by
Wells Fargo Bank Na
Bought by
Hannawi Amanda Marie and Hannawi Mazen M

Purchase Details

Closed on
Mar 20, 2017
Sold by
Adams James W
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Sep 17, 2004
Sold by
Fincher Robert L and Fincher Sharon S
Bought by
Adams James W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,221
Interest Rate
5.73%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 1, 1986
Bought by
Fincher Robert L and Fincher Sharon S
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
Lemmond John William $157,500 None Available
Hannawi Amanda Marie $95,000 None Available
Wells Fargo Bank Na $102,600 None Available
Adams James W $131,500 --
Fincher Robert L $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemmond John William $152,775
Previous Owner Adams James W $129,221
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2019 05/16/19 Sold $157,500 -7.4% $113 / Sq Ft
04/13/2019 04/13/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $170,000 -- $122 / 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 $1,956 $289,300 $65,000 $224,300
2024 $1,956 $289,300 $65,000 $224,300
2023 $1,399 $162,700 $34,000 $128,700
2022 $1,347 $162,700 $34,000 $128,700
2021 $1,347 $162,700 $34,000 $128,700
2020 $1,347 $162,700 $34,000 $128,700
2019 $1,023 $123,560 $26,000 $97,560
2018 $998 $123,560 $26,000 $97,560
2017 $949 $123,560 $26,000 $97,560
2016 $949 $123,290 $28,000 $95,290
2015 $947 $123,290 $28,000 $95,290
2014 $947 $123,290 $28,000 $95,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3493422

Canopy MLS (Canopy Realtor® Association)

APN: 5643-56-1251-0000