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$225,000

Beds
2
Baths
1.0
sq ft
805

705 Michigan Street, Kannapolis, NC 28083

705 Michigan Street

Kannapolis, NC 28083

  • 56 days on market
Welcome to 705 Michigan Street, a beautifully updated 2-bedroom, 1-bathroom home with quick access to everything in and around Kannapolis. Outside, the revitalized landscaping sets the stage for a charming covered front porch, perfect for relaxing evenings. Step inside to an inviting open-concept layout featuring fresh paint, sleek stainless steel appliances, subway tile backsplash, and modern finishes throughout. The private backyard offers plenty of space to unwind, complete with a handy storage shed for your convenience. This home is move-in ready, combining comfort and style in an ideal location. Don’t miss your chance to make it yours!

Details

Property type

Single Family Residence

Est. home value

$214,748

Lot size

Unknown

Price per sq ft

$280

Year built

1955

Price History

12/03/2024
CanopyMLS

CanopyMLS #4203766

Listed
$225,000
+70.45%
05/15/2020
CanopyMLS

CanopyMLS #3609942

Sold
$132,000
+120%
03/06/2020
CanopyMLS

CanopyMLS #3589399

Sold
$60,000

Schools & Community

Elementary school: 

Royal Oaks

Middle school: 

Concord

High school: 

Concord

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

$91,199
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$115,801
Cash to seller
$91,199

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

Seller’s Loan History

Lender

Primary Residential Mortgage Inc

Loan start date

May 2020

Original loan amount

$128,040

Est. remaining balance

$115,801

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

Rachel Ann Alley

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?

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Status: Active

Tomo last checked: 01/23/2025 at 9:35 AM

Listing updated: 01/22/2025 at 12:22 AM

Listed by: Chad Hetherman, EXP Realty LLC Mooresville Phone #: (888) 584-9431

MLS: CanopyMLS #4203766

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