1102 Lane St, Kannapolis, NC, 28083

$475,000

Home List Price

$5,641*

Closing Credit

5 Bedrooms
2 Full Baths
2,748 SqFt
$173/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

1102 Lane St, Kannapolis$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1939
HeatingCentral
CoolingCentral Air
MLS #4194735
StatusActive

About 1102 Lane St

Prime investment opportunity in Kannapolis! Could be an office or residential based on the zoning! This 5-bedroom, 2-bathroom property is a proven cash-flowing Airbnb with an impressive 8%+ cap rate. Spaciously laid out over 2,700 square feet, the home is perfect for accommodating large groups, offering consistent income potential. Located just minutes from the thriving Kannapolis downtown area, guests can easily access local attractions, entertainment, dining, and shopping, enhancing the property's appeal and occupancy rates. Recent upgrades and a stream of 5-star reviews have allowed for higher nightly rates, further boosting revenue. With average monthly incomes between $3,600 and $4,100, this property’s financial performance speaks for itself. Whether you’re an investor looking to expand your portfolio or seeking a turnkey vacation rental, this property delivers on both value and location. Don’t miss out—schedule a showing today to experience this exceptional opportunity firsthand!

Property Details

Property Features

Property Information:

  • Year Built: 1939
  • Living Area: 2,748 SqFt

Listing Office:

  • Office Name: COMPASS
  • Office Email: mike.hege@compass.com

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal
  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Driveway

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $173/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Kannapolis, NC.

Map thumbnail provided by MapBox

Kannapolis, NC

City

Med. Sold Price

$306.7K

Med. Price/SqFt

$205

Avg. Days On Market

39

# of Sold Homes

65

1102 Lane St vs Kannapolis

37 DAYS ON ROCKET

-2 Days

$475,000

+$168.2K More

$173/SqFt

-$32 Less

KEY TAKEAWAY

This property is $168.2K more than the Median Sold Price and $32/SqFt less than other homes in Kannapolis, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4194735

Listing Office:

  • Office Name: COMPASS
  • Office Email: mike.hege@compass.com

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 3:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 30, 2021Home Sold
$160,000
Jan 17, 2020Home Sold
$25,000
Dec 31, 2019Home Sold
$135,000
Dec 31, 2019Home Sold
$135,000
Sep 29, 2015Home Sold
$3,289,500
Sep 29, 2015Home Sold
$3,289,500
Dec 22, 2011Home Sold
$3,256,000
Dec 22, 2011Home Sold
$3,256,000

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-18256
8
/10

  • Jackson Park Elementary School

  • 1400 Jackson St

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-18257
2
/10

  • G. W. Carver Elementary School

  • 525 E C St

  • 0.88 miles

  • Public Magnet Grades KG-5

school-card-donut-18258
6
/10

  • Woodrow Wilson Elementary School

  • 800 N Walnut St

  • 0.89 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,431. The majority of Kannapolis, NC residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1102 Lane St

What is the listing price of this property?

The listing price of 1102 Lane St property is $475,000.

What type of property is this?

The property 1102 Lane St is a house located in Kannapolis, North Carolina, 28083.

Is this property for sale now?

Active Listing: 1102 Lane St is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on March 30, 2021 for $160,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1102 Lane St has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1102 Lane St is 2,748 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1102 Lane St is 1939.

Rocket Homes›North Carolina›Cabarrus County›Kannapolis›28083›1102 Lane St

This home is located at 1102 Lane St in Kannapolis, NC and zip code 28083. This 2,748 square foot home was built in 1939. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $475,000.

In November 2024, from all listings sold in Kannapolis, NC there were more than 8 sold above asking price, over 40 sold below and more than 17 were sold right at the asked price. The number of homes for sale in Kannapolis, NC decreased by 1.8% between October 2024 and November 2024. In November 2024 median list price was $306,797 and the average listing age was 39 days.

From Rocket Homes Real Estate and based on county public records data.

More Resources