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514 West 7th Street

514 West 7th Street, Kannapolis, NC 28081
Property in Rowan
Sold Jul 03, 2017
$75,000
$60,000 by Bofi Federal Bank
Mortgage Due Jul 01, 2047
Sold May 01, 2007
$85,000
$76,500 by Dover Mortgage Co
Mortgage Due May 01, 2037
Local assessors in Kannapolis, NC have categorized 514 West 7th Street as a residential type of property. The home was built in 1925 and is 99 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 8,775 square feet. The linear feet between the front and back of the lot was measured at 1,350 ft and the front of the lot was measured at 650 ft. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 514 West 7th Street has a total of 1,164 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 detached garage for those who need a place to park their vehicle. 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+. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on a packaged air conditioning unit for their cooling system. The home's a heating system is the primary heating source. 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, 514 West 7th Street sold most recently in Jun 22, 2017 for a total of $75,000. If you work out the math, that's approximately a cost of $64.43 per sqft. Before that, the property was also sold for $85,000 in Apr 24, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,903 in taxes each year. 514 West 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $157,288. If we break it down further, the land itself was valued at $28,500. Improvements to the property, however, were assessed at a total of $128,788. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 1925
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C+
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,775
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 650
  • Total Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 1,164
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L34 BB

Ownership

  • Current Owner : MARQUEZ MELISSA BARRON
  • Current Owner 2: MARQUEZ JOREGE LOUIS
  • Previous Owner : COHEN LAURA
  • Owner Before Previous Owner: RUSSELL MARGARET C

Neighborhood

  • School District Name: Kannapolis City Schools
  • School Tax School District: CITY OF KANNAPO
  • Census Tract: 051501

Zoning

  • Zoning: R4:SINGLE

Geography

  • District: 13
  • Parcel: 149 189
  • Municipality: CITY OF KANNAPOLIS
  • Latitude: 35.5078
  • Longitude: -80.6245

    Address

  • Full Address: 514 W 7th St
  • Address - House Number: 514
  • Street Direction: W
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NC
  • City Name: Kannapolis
  • Carrier Code: C010
  • 4-Digit Zip Code: 2106
  • Zip Code: 28081

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,903
  • Tax Rate Code Area: 121:KANNAP

    Appraisal Valuation

  • Standard Deviation: 0.3541
  • Valuation Date: Oct 04, 2023
  • Confidence Score: 29
  • Final Value: 100,046
  • High Value: 135,473
  • Low Value: 64,618

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $60,000
  • First Open Lien Mortgage Lender: BOFI FEDERAL BANK
  • First Open Lien Mortgage Recording Date: Jul 03, 2017
  • First Open Lien Mortgage Loan Amount: $60,000
  • 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: Jul 01, 2047

    Market Valuation

  • Market Total Value: $157,288
  • Market Land Value: $28,500
  • Market Improvement Value: $128,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,288
  • Assessed Land Value: $28,500
  • Assessed Improvements Value: $128,788

    Sales

  • Current Sale Contract Date: Jun 22, 2017
  • Current Sale Recording Date: Jul 03, 2017
  • Current Sale Transaction ID: 1590461591
  • Current Sale Price: $75,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 01, 2007
  • Previous Sale Contract Date: Apr 24, 2007
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BOFI FEDERAL BANK
  • First Mortgage Transaction Date: Jul 03, 2017
  • First Mortgage Loan Amount: $60,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: DOVER MORTGAGE CO
  • Previous Mortgage Transaction Date: May 01, 2007
  • Previous Mortgage Loan Amount: $76,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2037

About Kannapolis



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Frequently Asked Questions

What neighborhood is 514 West 7th Street located in?
The 514 West 7th Street is a located in the neighborhood of Rowan in Kannapolis, Kannapolis.
What is the average sales price for listings in 514 West 7th Street?
The average sales price for units in 514 West 7th Street is $0 currently.

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