NOT LISTED FOR SALE

North Cannon Blvd Kannapolis, NC 28083

4.97 Acres
-- Price per Acre
216,493 Sq Ft Lot

Last Sold December 17, 2021

Last sale price $450,000

46 Days on Market

About This Lot

As of December 2021

Approximately 5 Acre Parcel zoned Commercial Ready to be Developed with Apprx 581 Feet Road Frontage on North Cannon Blvd & Convenient to Downtown Kannapolis & I - 85. Motivated seller! Owner financing available ! Adjacent land is also listed for sale, Linda Avenue 4.77 acres. Sellers will entertain offers for both parcels, making a total of Approx 9.74 acres available for purchase. Parcels would be ideal for commercial, retail or residential use.

Last Agent to Sell the Property

Kathy K Carver

RE/MAX Executive License #167219 Listed on: 01/07/2021

RE/MAX Executive

Last Buyer's Agent

Venkat Suryadevara

Sona Realty LLC License #240558

Property Details

Property Type

  • Land

Lot Details

  • Corner Lot
  • Wooded Lot

Listing and Financial Details

  • Assessor Parcel Number 162004

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Commercial
  • Ratio Close Price By List Price: 0.69337
  • Ratio Close Price By Original Li: 0.69337
  • Ratio Current Price By Acre: 90543.26
  • Restrictions: No Representation
  • Restrictions Description: Commercial
  • Special Features: None

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified
  • Middle Or Junior School: Unspecified

Lot Info

  • Lot Dimension: 645x368x581x364
  • Lot Features: Corner Lot, Wooded
  • Lot Size Area: 4.970
  • Parcel Number: 162004
  • Zoning Specification: C
  • Plat Reference Section Pages: 559
  • Wooded Acres: 4.97

Tax Info

  • Tax Value: 285775.00
  • Tax Location: Kannapls/cab

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2021
Closed on
Dec 17, 2021
Sold by
Walker Long Beverly and Walker Jean Gladys
Bought by
Somo Investments Llc
Seller's Agent
Kathy K Carver
RE/MAX Executive
Buyer's Agent
Venkat Suryadevara
Sona Realty LLC
List Price
$649,000
Sold Price
$450,000
Premium/Discount to List
-$199,000
-30.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Outstanding Balance
$363,001
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Somo Investments Llc -- None Listed On Document
Somo Investments Llc $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somo Investments Llc $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $450,000 -30.7% --
02/22/2021 02/22/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $649,000 -- --
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 $3,458 $285,775 $285,775 $0
2024 $3,458 $285,775 $285,775 $0
2023 $3,458 $285,775 $285,775 $0
2022 $3,679 $285,775 $285,775 $0
2021 $3,679 $285,775 $285,775 $0
2020 $3,679 $285,775 $285,775 $0
2019 $3,679 $285,775 $285,775 $0
2018 $3,638 $285,775 $285,775 $0
2017 $3,638 $285,775 $285,775 $0
2016 $3,638 $285,775 $285,775 $0
2015 $3,694 $285,775 $285,775 $0
2014 $5,001 $400,085 $400,085 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3695566

Canopy MLS (Canopy Realtor® Association)

APN: 162-004