tomo logo

$279,000

Beds
3
Baths
1.0
sq ft
1,223

1421 Sherwood Drive, Kannapolis, NC 28081

1421 Sherwood Drive

Kannapolis, NC 28081

  • 1 day on market
    • Open house Apr 05
Charming Home in Prime Kannapolis Location – No HOA! Discover this inviting 3-bedroom, 1-bath residence located just 2 miles from Downtown Kannapolis and minutes from the emerging Kellwater Commons retail hub. Nestled in a well-maintained neighborhood with no HOA, this home combines convenience with charm. The front yard features a large, mature tree providing ample shade and charm. Meanwhile, the backyard offers a private brick patio, perfect for entertaining guests or relaxing quietly. This home includes a durable metal roof, a basement garage, and character throughout. With easy access to I-85, commuting is straightforward, keeping you near shopping, dining, and entertainment. Seize the chance to own in this sought-after area with substantial potential!

Details

Property type

Single Family Residence

Est. home value

$249,644

Lot size

Unknown

Price per sq ft

$229

Year built

1960

Price History

04/02/2025
CanopyMLS

CanopyMLS #4241519

Listed
$279,000
+69.19%
07/16/2018
CanopyMLS

CanopyMLS #3400808

Sold
$164,900

Schools & Community

Elementary school: 

Shady Brook

Middle school: 

Kannapolis

High school: 

A.L. Brown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$116,767
Asking price
$279,000
Closing costs (~8% of asking)
-$22,320
Est. remaining loan balance
-$139,913
Cash to seller
$116,767

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

November 2020

Original loan amount

$160,050

Est. remaining balance

$139,913

Interest rate

2.9%

Loan type

New Conventional, 25 year

Seller

Mark Smullen and Telisa Smullen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 2:40 PM

Listing updated: 04/03/2025 at 5:06 AM

Listed by: Crystal Magnano, Carolina Roots Realty Group LLC Phone #: (704) 299-6627

MLS: CanopyMLS #4241519

CanopyMLS logo

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