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2900 Shady Lane Avenue

2900 Shady Lane Avenue, Concord, NC 28027
Property in Cabarrus
Sold Sep 13, 2022
$290,000
$246,500 by Fairway Independent Mortgage C
Mortgage Due Oct 01, 2052
Sold Apr 08, 2005
$75,000
$75,000 by Ivanhoe Financial Inc
Mortgage Due May 01, 2035
2900 Shady Lane Avenue has been categorized by the local assessors in Concord, NC as a residential type of property. The building on the property was first built in 1949 and is 75 years old. However, we must point out that the home was most recently renovated and altered in 1980. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2900 Shady Lane Avenue has 1,372 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 890 ft. The area measurement of the land has been determined as 17,800 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 296 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of asbestos shingle. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with oil. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Sep 13, 2022 for $290,000. That's $211.37 per sqft. Prior to that sales transaction, the property was also sold in Mar 30, 2005 for $75,000. 2900 Shady Lane Avenue was last assessed in 2022. The total value of the property was assessed at $118,030. Specifically, the land the property is located on was valued at $35,000. While improvements on the property were assessed at a total of $83,030. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,617. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1980
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Exterior Walls Type: Asbestos shingle
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Type: Built-in
  • Garage Type: Carport
  • Garage Square Area: 296
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 17,800
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 890
  • Total Building Area: 1,372
  • Gross Building Area: 1,804
  • Building Area: 1,372
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,372
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.408
  • Standard Land Use Code: Single family residential
  • Legal Description 1: WEST SIDE SHADY LN

Ownership

  • Current Owner : CHERRY KATHERINE NICOLE
  • Previous Owner : HOLLAWAY
  • Previous Owner 2: MEGAN
  • Owner Before Previous Owner: FOSTER KENNETH J
  • Owner Before Previous Owner 2: FOSTER BETTY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cabarrus County Schools
  • School Tax School District: 04-ALLEN
  • Census Tract: 041100

Zoning

  • Zoning: RM-2

Geography

  • Account Number: 34072
  • District: 04
  • Parcel: 5612 71 2913
  • Municipality: KANNAPOLIS
  • Latitude: 35.4481
  • Longitude: -80.6211

    Address

  • Full Address: 2900 Shady Lane Ave
  • Address - House Number: 2900
  • Address - Street Name: Shady Lane
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Concord
  • Carrier Code: C008
  • 4-Digit Zip Code: 4140
  • Zip Code: 28027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,617
  • Tax Rate Code Area: CI04

    Appraisal Valuation

  • Standard Deviation: 0.2011
  • Valuation Date: Jan 18, 2023
  • Confidence Score: 73
  • Final Value: 277,171
  • High Value: 332,937
  • Low Value: 221,405

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $246,500
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Sep 13, 2022
  • First Open Lien Mortgage Loan Amount: $246,500
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $118,030
  • Market Land Value: $35,000
  • Market Improvement Value: $83,030

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,030
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $83,030

    Sales

  • Current Sale Contract Date: Sep 13, 2022
  • Current Sale Recording Date: Sep 13, 2022
  • Current Sale Transaction ID: 11896434592
  • Current Sale Price: $290,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 27539
  • Previous Sale Recording Date: Apr 08, 2005
  • Previous Sale Contract Date: Mar 30, 2005
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Sep 13, 2022
  • First Mortgage Loan Amount: $246,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: IVANHOE FINANCIAL INC
  • Previous Mortgage Transaction Date: Apr 08, 2005
  • Previous Mortgage Loan Amount: $75,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: May 01, 2035

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Frequently Asked Questions

What neighborhood is 2900 Shady Lane Avenue located in?
The 2900 Shady Lane Avenue is a located in the neighborhood of Cabarrus in Kannapolis, Concord.
What is the average sales price for listings in 2900 Shady Lane Avenue?
The average sales price for units in 2900 Shady Lane Avenue is $0 currently.

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