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$287,500

Beds
3
Baths
2.0
sq ft
1,770

7860 Georgia Avenue, Kannapolis, NC 28081

7860 Georgia Avenue

Kannapolis, NC 28081

  • 57 days on market
    • Price drop $12,500↓
AMAZING OPPORTUNITY WITH $2,500 in BUYER CLOSING INCENTIVES! Beautiful Ranch in premium growth area on large .6 acre lot offers a HUGE detached 3 car garage w/expansive walk-up floored storage area. The home features a bright open plan that combines vintage charm and nice updating including an 11K NEW HVAC! An eat-in Kitchen features a LRG Breakfast Bar, Corian counters, new vinyl plank floors, white cabinetry w/updated hardware. A gorgeous, bright Sunroom features walls of windows overlooking the yard, tile flooring and offers great exterior handicap ramp access. (Sunroom is presently heated/cooled by new wall units) - A perfect spot for entertainment, relaxation, plants galore & more! Many rooms boast beautiful original hardwood flooring. The home is located on a non-thru street w/fairly private, partially fenced yard. Gardeners will delight in the spacious, flat, sunny lot w/LRG trees, abundant gardening space, raised beds, a mature fig tree & berry bushes. ENDLESS POSSIBILITIES!

Details

Property type

Single Family Residence

Est. home value

$239,655

Lot size

Unknown

Price per sq ft

$163

Year built

1951

Price History

03/24/2025
CanopyMLS

CanopyMLS #4218693

Price change
$287,500
-4.17%
02/24/2025
CanopyMLS

CanopyMLS #4218693

Price change
$300,000
-3.23%
02/08/2025
CanopyMLS

CanopyMLS #4218693

Listed
$310,000
+113.79%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$141,554
Asking price
$287,500
Closing costs (~8% of asking)
-$23,000
Est. remaining loan balance
-$122,946
Cash to seller
$141,554

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

March 2018

Original loan amount

$142,373

Est. remaining balance

$122,946

Interest rate

4.15%

Loan type

FHA, 30 year

Seller

Patrick Lanigan

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: 04/04/2025 at 8:00 AM

Listing updated: 04/03/2025 at 7:50 AM

Listed by: Wendy Burgard, ERA Live Moore Phone #: (704) 892-7373

MLS: CanopyMLS #4218693

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