NOT LISTED FOR SALE

5403 Crofton Ave Kannapolis, NC 28081

Estimated Value: $475,000 - $548,000

3 Beds
2 Baths
1,434 Sq Ft
$354/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $460,000 $321 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,910/month

30 Days on Market

Highlights

  • Deck
  • Ranch Style House
  • Attached Garage
  • Charles E. Boger Elementary School Rated A-
  • Front Porch
  • Patio

About This Home

As of March 2022

Attention all car enthusiasts, this is the house for you! This brick ranch with a partially finished basement is the perfect house for someone that wants to live, work and play all in the same location! Not only does this house have a 680 sq/ft attached garage on the main level, it also features a one bay stall off the basement and a detached 2,176 sq/ft building that is currently being used as a race shop. The fully insulated shop was built in 2019 and features a full bath, commercial grade epoxy floor, 5 ton heating/air system, copper air lines throughout the shop, air compressor, LED lighting, exterior french drains with water pumps and an exterior 50 amp RV plug. The main floor of the house has 3 bedrooms and 2 full bathrooms. The kitchen and dining space are open and provide access to the the deck that is perfect for entertaining! There is also a finished flex space in the basement that could be used as a second living space or bedroom. All of this on over an acre with no HOA!

Last Agent to Sell the Property

Sarah Romesburg

Lantern Realty & Development LLC License #279215 Listed on: 02/23/2022

Last Buyer's Agent

Paul Cattieu

Wilson Realty License #279006

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,997

Year Built

  • Built in 1979

Lot Details

  • Level Lot
  • Zoning described as AO

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Laminate Flooring
  • Dishwasher
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Workshop in Garage

Outdoor Features

  • Deck
  • Patio
  • Front Porch

Schools

  • Charles E. Boger Elementary School
  • Northwest Cabarrus Middle School
  • Northwest Cabarrus High School

Utilities

  • Central Heating
  • Heat Pump System
  • Septic Tank

Community Details

  • Cedarcroft Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4693-77-2035-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,997

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1979
  • Ratio Current Price By Acre: 442307.69
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement, Basement Partially Finished
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: Basement Shop, Garage Shop
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 2176
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1434
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1497
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1497
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Deck,Front,Patio
  • Appliances: Ceiling Fan(s), Dishwasher
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Living Room
  • Living Area: 1434
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Auto Shop
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Kannapls/cab
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: In Basement
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Northwest Cabarrus
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 4693-77-2035-0000
  • Zoning Description: AO

Tax Info

  • RATIO List Price By Tax Amount: 2.02082

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Charles E. Boger
  • High School: Northwest Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
Mar 25, 2022
Sold by
Victoria Tucker Johanna and Victoria Nicholas
Bought by
Krohn Kevin
Seller's Agent
Sarah Romesburg
Lantern Realty & Development LLC
Buyer's Agent
Paul Cattieu
Wilson Realty
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%
Current Estimated Value
$507,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,157
Avg. Annual Appreciation
2.75%
Original Mortgage
$437,000
Outstanding Balance
$410,531
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$96,626

Purchase Details

Closed on
Mar 22, 2020
Sold by
Earnest Johanna V and Earnest Johanna
Bought by
Earnest Johanna and Tucker Nicholas

Purchase Details

Closed on
Sep 8, 2017
Sold by
Cope Jerry W and Cope Christine B
Bought by
Earnest Johanna V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,060
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2000
Sold by
Clemmer Fred A and Howard Carolyn Howard
Bought by
Cope Jerry W and Cope Christine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1980
Bought by
Clemmer Fred A
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
Krohn Kevin $460,000 Samantha H Terres Pllc
Earnest Johanna -- None Available
Earnest Johanna V $204,000 None Available
Cope Jerry W $160,000 --
Clemmer Fred A $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krohn Kevin $437,000
Previous Owner Earnest Johanna V $206,060
Previous Owner Cope Jerry W $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2022 03/25/22 Sold $460,000 -7.8% $321 / Sq Ft
02/23/2022 02/23/22 For Sale $499,000 -- $348 / 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 $2,997 $443,270 $85,000 $358,270
2024 $2,997 $443,270 $85,000 $358,270
2023 $2,372 $282,410 $60,000 $222,410
2022 $2,074 $246,930 $60,000 $186,930
2021 $2,074 $246,930 $60,000 $186,930
2020 $2,074 $246,930 $60,000 $186,930
2019 $1,276 $151,910 $40,000 $111,910
2018 $1,246 $151,910 $40,000 $111,910
2017 $1,185 $151,910 $40,000 $111,910
2016 $1,117 $150,110 $45,000 $105,110
2015 $1,103 $150,110 $45,000 $105,110
2014 $1,103 $150,110 $45,000 $105,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3832074

Canopy MLS (Canopy Realtor® Association)

APN: 4693-77-2035-0000