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1107 Lane Street

1107 Lane Street, Kannapolis, NC 28083
Property in Cabarrus
Sold Nov 15, 2019
$116,000
$195,000 by Intercoastal Mortgage Llc
Mortgage Due May 01, 2052
Sold May 30, 2002
$85,000
Local assessors in Kannapolis, NC have categorized 1107 Lane Street as a residential type of property. The home was built in 1945 and is 79 years old. It was most recently renovated and altered in 1990. The property's lot size has been calculated to be 11,250 square feet. The linear feet between the front and back of the lot was measured at 1,470 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1107 Lane Street has a total of 1,733 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a offsite garage for those who need a place to park their vehicle. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on no air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1107 Lane Street sold most recently in Nov 14, 2019 for a total of $116,000. If you work out the math, that's approximately a cost of $59.15 per sqft. Before that, the property was also sold for $85,000 in May 29, 2002. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,591 in taxes each year. 1107 Lane Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $116,100. If we break it down further, the land itself was valued at $33,410. Improvements to the property, however, were assessed at a total of $82,690. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Bathroom Plumbing Fixtures: 8
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Multifamily
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Garage Type: Offsite
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,250
  • Lot Size Depth Feet: 1,470
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,961
  • Gross Building Area: 1,961
  • Building Area: 1,961
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,733
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: JACKSON PARK
  • Land Acres: 0.258
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: LTS 19-21 JACKSON PARK BLK K

Ownership

  • Current Owner : LONGN DERRICK A
  • Current Owner 2: MURCKO ARIELL
  • Previous Owner : CORNERSTONE CABARRUS LLC
  • Owner Before Previous Owner: EFIRD R D
  • Owner Before Previous Owner 2: EFIRD IRIS H

Neighborhood

  • School District Name: Kannapolis City Schools
  • School Tax School District: 04-ALLEN
  • Census Tract: 040701

Zoning

  • Zoning: OI

Geography

  • Account Number: 134126
  • District: 04
  • Parcel: 5624 21 2544
  • Block: K
  • Lot: 19-21
  • Municipality: KANNAPOLIS
  • Latitude: 35.5021
  • Longitude: -80.6053

    Address

  • Full Address: 1107 Lane St
  • Address - House Number: 1107
  • Address - Street Name: Lane
  • Address - Suffix Type: St
  • State: NC
  • City Name: Kannapolis
  • Carrier Code: C011
  • 4-Digit Zip Code: 3755
  • Zip Code: 28083

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,591
  • Tax Rate Code Area: CI04

    Appraisal Valuation

  • Standard Deviation: 0.1604
  • Valuation Date: Oct 26, 2022
  • Confidence Score: 67
  • Final Value: 157,397
  • High Value: 182,654
  • Low Value: 132,139

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: INTERCOASTAL MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 25, 2022
  • First Open Lien Mortgage Loan Amount: $195,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2052

    Market Valuation

  • Market Total Value: $116,100
  • Market Land Value: $33,410
  • Market Improvement Value: $82,690

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $116,100
  • Assessed Land Value: $33,410
  • Assessed Improvements Value: $82,690

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Transaction ID: 11704709300
  • Current Sale Price: $116,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 30, 2002
  • Previous Sale Contract Date: May 29, 2002
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALLY BANK
  • First Mortgage Transaction Date: Nov 15, 2019
  • First Mortgage Loan Amount: $87,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2049

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Frequently Asked Questions

What neighborhood is 1107 Lane Street located in?
The 1107 Lane Street is a located in the neighborhood of Cabarrus in Kannapolis, Kannapolis.
What is the average sales price for listings in 1107 Lane Street?
The average sales price for units in 1107 Lane Street is $0 currently.

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