NOT LISTED FOR SALE

5447 Cavin Ln Kannapolis, NC 28081

Estimated Value: $198,000 - $240,388

2 Beds
1 Bath
1,456 Sq Ft
$150/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $200,000 $137 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,243/month

1 Day on Market

Highlights

  • Ranch Style House
  • Four Sided Brick Exterior Elevation
  • Washer and Dryer
  • Laundry Room
  • Central Air

About This Home

As of March 2024

Located conveniently between Mooresville and Kannapolis, this charming 2-bedroom, 1-bathroom brick ranch home presents a wonderful opportunity for renovation enthusiasts and investors alike . Built in 1967, it exudes a classic charm while offering ample potential for modern updates. Situated on a spacious .82-acre lot, the property provides plenty of room for outdoor activities and potential expansions. The serene surroundings and low Rowan County taxes make it an appealing option for those seeking a peaceful yet accessible living experience. Inside, the home features a cozy layout, with the potential for customization to suit individual preferences. The two bedrooms offer comfortable living spaces, while the single bathroom provides convenience for daily routines. While the home does require some renovations, this presents an exciting opportunity for buyers to personalize the space according to their tastes and needs.

Last Agent to Sell the Property

Bob Lhuillier

Keller Williams Unified Brokerage Email: bobljr@kw.com License #296110 Listed on: 02/14/2024

Keller Williams Unified

Last Buyer's Agent

Karen Sheffield

Keller Williams Unified License #202344

Keller Williams Unified

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • Property is zoned RA

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,456 Sq Ft Home
  • Den with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 246049A

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1967
  • Road Surface Type: Other, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 137.36
  • Geocode Confidence: High
  • Attribution Contact: bobljr@kw.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1456
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Range, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 1456
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Den
  • Living Area: 1456
  • Bedroom Main: 2

Exterior Features

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

Garage/Parking

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

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Laundry Room
  • Cooling: Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 246049A
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2024
Closed on
Mar 1, 2024
Sold by
Boatwright Bernard L and Cruse Janice F
Bought by
Mueller Brayden
Seller's Agent
Bob Lhuillier
Keller Williams Unified
Buyer's Agent
Karen Sheffield
Keller Williams Unified
List Price
$175,000
Sold Price
$200,000
Premium/Discount to List
$25,000
14.29%
Views
34
Current Estimated Value
$218,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,847
Avg. Annual Appreciation
5.07%
Original Mortgage
$194,000
Outstanding Balance
$190,755
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$28,092
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mueller Brayden $200,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mueller Brayden $194,000
Closed Mueller Brayden $15,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2024 03/01/24 Sold $200,000 +14.3% $137 / Sq Ft
02/14/2024 02/14/24 For Sale $175,000 -- $120 / 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 $1,117 $169,259 $28,000 $141,259
2024 $1,117 $169,259 $28,000 $141,259
2023 $1,117 $169,259 $28,000 $141,259
2022 $426 $115,487 $19,000 $96,487
2021 $852 $115,487 $19,000 $96,487
2020 $426 $115,487 $19,000 $96,487
2019 $426 $115,487 $19,000 $96,487
2018 $349 $95,302 $19,000 $76,302
2017 $349 $95,302 $19,000 $76,302
2016 $350 $95,302 $19,000 $76,302
2015 $310 $83,223 $19,000 $64,223
2014 $317 $86,601 $19,000 $67,601
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4109148

Canopy MLS (Canopy Realtor® Association)

APN: 246-049A