NOT LISTED FOR SALE

545 Falls Ln Kannapolis, NC 28081

Estimated Value: $406,740 - $467,000

4 Beds
2.5 Baths
2,475 Sq Ft
$178/Sq Ft Est. Value

Last Sold April 14, 2022

Last sale price $389,500 $157 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,640/month

2 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • Attached Garage
  • Traditional Architecture
  • Covered Patio or Porch
  • Walk-In Closet

About This Home

As of April 2022

Welcome to your nearly brand-new home in Kannapolis! As you enter your oasis, you’ll find high ceilings, an upgraded kitchen with stainless appliances and a huge island, a cute dining room space and gorgeous hardwood floors throughout! Upstairs you’ll find four (yes four!!!) bedrooms PLUS a bonus space and laundry room! Don’t forget to step outside to your amazing fenced backyard and get ready for those amazing Charlotte evenings under the stars! Last, but certainly not least, a massive two-car garage will fit even the biggest of vehicles! Don’t miss this amazing home!

Last Agent to Sell the Property

Jeremy Lahners

Coldwell Banker Realty License #330515 Listed on: 03/11/2022

Coldwell Banker Realty

Last Buyer's Agent

Maria Nowling

Howard Hanna Allen Tate Huntersville License #243737

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018

Lot Details

  • Lot Dimensions are 47x116
  • Fenced
  • Corner Lot
  • Property is zoned RV-3, RV-3

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Carbon Monoxide Detectors

Kitchen

  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level

Parking

  • Attached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 154C026

Community Details

Overview

  • Association Management Solutions Association, Phone Number (704) 940-6100
  • Built by True Homes
  • The Falls Subdivision
  • Mandatory home owners association

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Year Built

Built in 2018

Lot Details

6,098 Sq Ft Lot

HOA Fees

$35 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2018
  • Ratio Current Price By Acre: 2782142.86
  • Restrictions: Architectural Review,Subdivision,Other - See Media/Remarks
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1055
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1420
  • Porch: Covered,Patio
  • Appliances: Ceiling Fan(s), CO Detector, Dishwasher, Electric Range, Plumbed For Ice Maker, Microwave
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 2475
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Exterior Features: Fence
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Kannapls/row
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

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

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Upper Level, Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Playground
  • Association Fee: 425
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Association Management Solutions
  • Phone: 704-940-6100
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 154C026
  • Plat Book Slide: 9995
  • Plat Reference Section Pages: 8464
  • Lot Size: 47x116
  • Zoning Description: RV-3

Building Info

  • Builder Name: True Homes

Tax Info

  • RATIO List Price By Tax Amount: 1.70992

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 14, 2022
Sold by
Thompson Michael B and Thompson Danielle
Bought by
Ferry Joshua D
Seller's Agent
Jeremy Lahners
Coldwell Banker Realty
Buyer's Agent
Maria Nowling
Howard Hanna Allen Tate Huntersville
List Price
$349,500
Sold Price
$389,500
Premium/Discount to List
$40,000
11.44%
Current Estimated Value
$430,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,400
Avg. Annual Appreciation
3.19%
Original Mortgage
$351,500
Outstanding Balance
$326,003
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$114,432

Purchase Details

Closed on
Apr 27, 2018
Sold by
True Homes Llc
Bought by
Thompson Michael B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,340
Interest Rate
4.44%
Mortgage Type
VA

Purchase Details

Closed on
Jan 26, 2018
Sold by
Dependable Development Inc
Bought by
True Homes Llc
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
Ferry Joshua D $389,500 South City Title
Thompson Michael B $218,500 Independence Title Group Llc
True Homes Llc $40,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferry Joshua D $351,500
Closed Ferry Joshua D $351,500
Previous Owner Thompson Michael B $218,340
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2022 04/14/22 Sold $389,500 +11.4% $157 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/11/2022 03/11/22 For Sale $349,500 -- $141 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,647 $384,050 $42,500 $341,550
2024 $4,647 $384,050 $42,500 $341,550
2023 $4,647 $384,050 $42,500 $341,550
2022 $2,632 $204,395 $34,000 $170,395
2021 $2,632 $204,395 $34,000 $170,395
2020 $2,632 $204,395 $34,000 $170,395
2019 $2,632 $204,395 $34,000 $170,395
2018 $368 $28,900 $28,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3831962

Canopy MLS (Canopy Realtor® Association)

APN: 154-C026

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