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838 Fraternity Row
838 Fraternity Row
$367,744 (our value guesstimate)
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Kannapolis, NC 28081 ▪  (MLS # 3672662)
1-car garage  ▪   Built: 2021  ▪   Primary Up
3 bed  ▪  2 full & 1 half bath  ▪  1,693 Sq Ft
Sold for $252,000 on Mar 12, 2021
838 Fraternity Row
$367,744 (our value guesstimate)
Kannapolis, NC 28081 ▪  (MLS # 3672662)
1-car garage  ▪   Built: 2021  ▪   Primary Up
3 bed  ▪  2 full & 1 half bath  ▪  1,693 Sq Ft
Sold for $252,000 on Mar 12, 2021
SOLD MAR 12, 2021
1 of 4 
SOLD MAR 12, 2021
1 of 4 
SOLD MAR 12, 2021
1 of 4 
SOLD MAR 12, 2021
1 of 4 
 
$252,000  (sales price)
3 bed  ▪  2 full & 1 half bath  ▪  1,693 Sq Ft
838 Fraternity Row
Kannapolis, NC 28081 (MLS # 3672662)
.11 acres  ▪   Built: 2021  ▪   Primary Bedroom Up
Subdivision: The Falls
 Was New Construction  
Kannapolis, NC / 28081

Our Value Guesstimate (from Computer Algorithm): $367,744

Our computer algorithm has estimated that this home would be likely to sell in a range between $312,582 and $422,906.
Sale Details
 Was New Construction 
Sales Price: $252,000
Closed: Mar 12, 2021 (1,112 days ago)
List Price: $245,600
Sold for: 103% of list price
Cumulative Days on Market: 22
Price/Sq Ft: $149
Remarks - 838 Fraternity Row
(from previous listing) Unprecedented Value in Kannapolis! Convenient to shopping and entertainment from nearby Concord and Kannapolis! The Miles offers a spacious main floor, boasting an open great room, formal dining room, and nicely appointed kitchen! Second Floor Owner's Suite features large walk in closet and en suite! Nicely appointed throughout with granite countertops, stainless appliances, and 9ft ceilings!
General Info - MLS # 3672662
Parking: Attached, Garage - 1 Car
Year Built: 2021 (was new construction)
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Kannapolis / Rowan County
Lot Size: .11 acres
Area Schools
4/10
North Kannapolis Elementary School
Distance: 0.9 mi
2/10
Kannapolis Middle School
Distance: 3.6 mi
3/10
A L Brown High School
Distance: 1.6 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: The Falls
Listing History
03/12/2021: MLS Sold for $252,000 (Canopy MLS)
Cumulative Days on Market: 22
More details

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


  More Home Details
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See Sold Homes in The Falls
SOLD AUG 31, 2023
Sold for $222/Sq Ft & 102% of list
3 cumulative days on market
$330,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,484 SqFt
509 Falls Ln
Kannapolis, NC 28081
The Falls
0.0 mi.

SOLD APR 11, 2023
Sold for $189/Sq Ft & 96% of list
90 cumulative days on market
$320,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,690 SqFt
381 Copes Ct
Kannapolis, NC 28081
The Falls
0.2 mi.

SOLD MAR 3, 2023
Sold for $190/Sq Ft & 99% of list
27 cumulative days on market
$350,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,843 SqFt
460 Copes Ct
Kannapolis, NC 28081
The Falls
0.1 mi.

Neighborhood Summary (single family)
The Falls

Sales in:

Median $ / Sq Ft (single family)
The Falls




28081 ZIP Code Trends
28081 ZIP Code Trends

OUR RATING: MODERATELY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28081 is the 42nd most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28081 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

25
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 25 cumulative days on market in the 28081 area. Compare this with the Charlotte metro area median of 17 days on market.

25%
Of Recently Sold Homes
Over Asking Price
25% of previously owned 28081-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28081.

54%
of Available Homes
Are Under Contract
54% of previously owned 28081-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28081 Area Metro Area
1-year - 2% + 3%
2-year - 2% + 2%
5-year +80% +66%
The price per square foot of 28081-area re-sale homes has increased by approximately 80% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $184 per square foot in 28081 over the past 90 days - as compared to $212 for the entire metro area.

24
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 24 cumulative days on market in the 28081 area. Compare this with the Charlotte metro area median of 17 days on market.

26%
Of Recently Sold Homes
Over Asking Price

26% of previously owned 28081-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28081.

Price Per Square Foot Change
Period 28081
Area
Metro
Area
1-year - 2% + 3%
2-year - 2% + 2%
5-year +80% +66%

The price per square foot of 28081-area re-sale homes has increased by approximately 80% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $184 per square foot in 28081 over the past 90 days - as compared to $212 for the entire metro area.

59%
of Available Homes
Are Under Contract

59% of previously owned 28081-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $367,744

Our computer algorithm has estimated that this home would be likely to sell in a range between $312,582 and $422,906.


Sale Details
Sales Price: $252,000
Closed: Mar 12, 2021 (1,112 days ago)
List Price: $245,600
Sold for: 103% of list price
Cumulative Days on Market: 22
Price/Sq Ft: $149
Remarks
(from previous listing) Unprecedented Value in Kannapolis! Convenient to shopping and entertainment from nearby Concord and Kannapolis! The Miles offers a spacious main floor, boasting an open great room, formal dining room, and nicely appointed kitchen! Second Floor Owner's Suite features large walk in closet and en suite ...
Continue reading

General Info - MLS 3672662
Parking: Attached, Garage - 1 Car
Year Built: 2021 (was new construction)
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Kannapolis / Rowan County
Lot Size: .11 acres

Neighborhood Info
Subdivision: The Falls
Listing History
03/12/2021: MLS Sold for $252,000 (Canopy MLS)
Cumulative Days on Market: 22
More details

Area Schools
4/10
North Kannapolis Elementary School
Distance: 0.9 mi
2/10
Kannapolis Middle School
Distance: 3.6 mi
3/10
A L Brown High School
Distance: 1.6 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.


  More Home Details
  Map / Satellite View

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


 



1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents




1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.
If you’re looking to sell a home in the The Falls neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Irish Creek, Westlake, and Highland Woods.



CDS Data Share Based on information submitted to the MLS GRID as of 03/28/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2024 Canopy Multiple Listing Services, Inc. All rights reserved.