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

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1102 Lane St, Kannapolis$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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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
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Housing Market Comparison

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

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Kannapolis, NC

City

Med. Sold Price

$306.5K

Med. Price/SqFt

$204

Avg. Days On Market

35

# of Sold Homes

67

1102 Lane St vs Kannapolis

3 DAYS ON ROCKET

-32 Days

$475,000

+$168.4K More

$173/SqFt

-$31 Less

KEY TAKEAWAY

This property is $168.4K more than the Median Sold Price and $31/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.

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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: 11/14/2024, 10:51:47 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-237017
8
/10

  • Jackson Park Elementary School

  • 1400 Jackson St

  • 0.28 miles

  • Public District Grades KG-5

school-card-donut-237018
2
/10

  • G. W. Carver Elementary School

  • 525 E C St

  • 0.88 miles

  • Public Magnet Grades KG-5

school-card-donut-237019
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. Residents of Kannapolis, NC typically earn between $35k-100k each year. Residents typically live in single, no kids family. 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.

Kannapolis, NC housing market in October 2024 saw over 11 listings sold above listed price, more than 15 sold at listed price and over 41 sold below. In October 2024 in Kannapolis, NC there were 1.4% less homes for sale than in September 2024. In October 2024 median list price was $306,555 and the average listing age was 35 days.

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

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