tomo logo

$440,000

Beds
4
Baths
2.0
sq ft
2,257

1509 Burning Lantern Lane, Kannapolis, NC 28081

1509 Burning Lantern Lane

Kannapolis, NC 28081

  • 1 day on market
    • Open house Apr 05
Located in the popular Lantern Green subdivision of Kannapolis. 4 bed; 2 bath. Formal living room, dining room, separate great room with gas fireplace. Large kitchen with breakfast area and pantry. Two-car front load garage. Covered front porch. Fenced back yard with patio and festive bistro lights. Great updates by sellers! Water Heater 2023, HVAC 2023, LVT flooring 2023. Refrigerator and Washer/Dryer convey with acceptable offer! Conveniently located just minutes away from beautifully renovated Downtown Kannapolis and Concord areas. Easy access to I-85.

Details

Property type

Single Family Residence

Est. home value

$414,505

Lot size

Unknown

Price per sq ft

$195

Year built

1993

Monthly HOA fee

$54.17

Price History

04/04/2025
CanopyMLS

CanopyMLS #4240617

Listed
$440,000
+3.53%
11/28/2022
CanopyMLS

CanopyMLS #3917682

Sold
$425,000

Schools & Community

Elementary school: 

Winecoff

Middle school: 

Northwest Cabarrus

High school: 

Northwest Cabarrus

Community features: 

Tennis Court(s)

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

$126,989
Asking price
$440,000
Closing costs (~8% of asking)
-$35,200
Est. remaining loan balance
-$277,811
Cash to seller
$126,989

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

November 2022

Original loan amount

$285,000

Est. remaining balance

$277,811

Interest rate

6.92%

Loan type

New Conventional, 30 year

Seller

Sandy Vandemerkt Smith and Brian Thomas Smith

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: 04/04/2025 at 7:10 AM

Listing updated: 04/04/2025 at 2:16 AM

Listed by: Allison Wightman, Keller Williams Premier Phone #: (704) 788-8008

MLS: CanopyMLS #4240617

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