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1503 Burning Lantern Lane
1503 Burning Lantern Lane
$380,265 (our value guesstimate)
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Kannapolis, NC 28081 ▪  (MLS # 3844899)
2-car garage  ▪   Built: 1993  ▪   Primary Up
4 bed  ▪  3 full bath  ▪  2,816 Sq Ft
Sold for $350,000 on Dec 02, 2022
1503 Burning Lantern Lane
$380,265 (our value guesstimate)
Kannapolis, NC 28081 ▪  (MLS # 3844899)
2-car garage  ▪   Built: 1993  ▪   Primary Up
4 bed  ▪  3 full bath  ▪  2,816 Sq Ft
Sold for $350,000 on Dec 02, 2022
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$350,000  (sales price)
4 bed  ▪  3 full bath  ▪  2,816 Sq Ft
1503 Burning Lantern Lane
Kannapolis, NC 28081 (MLS # 3844899)
.32 acres  ▪   Built: 1993  ▪   Primary Bedroom Up
Subdivision: Lantern Green
Kannapolis, NC / 28081

Our Value Guesstimate (from Computer Algorithm): $380,265

Our computer algorithm has estimated that this home would be likely to sell in a range between $323,225 and $437,305.
Sale Details
Sales Price: $350,000
Closed: Dec 2, 2022 (482 days ago)
List Price: $378,000
Sold for: 93% of list price
Cumulative Days on Market: 227
Price/Sq Ft: $124
Remarks - 1503 Burning Lantern Lane
(from previous listing) Beautiful home with an open floor plan, vaulted ceilings, spacious rooms, great closets, a great bonus/bedroom, and so much more. Come see this gorgeous home today!
General Info - MLS # 3844899
Parking: Attached, Garage - 2 Car
Year Built: 1993
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Kannapolis / Cabarrus County
Lot Size: .32 acres
Area Schools
2/10
Winecoff Elementary School
Distance: 1.5 mi
7/10
Northwest Cabarrus Middle School
Distance: 1.4 mi
9/10
Northwest Cabarrus High School
Distance: 1.4 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Lantern Green
Listing History
12/02/2022: MLS Sold for $350,000 (Canopy MLS)
Cumulative Days on Market: 227
More details

County Tax Data
2022 County Tax Assessment: $235,560
Next Cabarrus County Tax Assessment: 2024
2022 Property Taxes: $3,227

1% List Fee for Sellers

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

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  More Home Details
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See Sold Homes in Lantern Green
SOLD AUG 7, 2023
Sold for $167/Sq Ft & 97% of list
18 cumulative days on market
$454,000 (sales price)
4 bed  ▪  2 full & 1 h. bath  ▪  2,726 SqFt
2781 Lamplighter Dr
Kannapolis, NC 28081
Lantern Green
0.2 mi.

SOLD APR 28, 2023
Sold for $162/Sq Ft & 100% of list
16 cumulative days on market
$460,000 (sales price)
4 bed  ▪  2 full & 1 h. bath  ▪  2,839 SqFt
2319 Coach House Ln
Kannapolis, NC 28081
Lantern Green
0.3 mi.

SOLD MAR 16, 2023
Sold for $150/Sq Ft & 96% of list
81 cumulative days on market
$405,000 (sales price)
4 bed  ▪  3 full bath  ▪  2,707 SqFt
1513 Candlewyck Ct
Kannapolis, NC 28081
Lantern Green
0.1 mi.

Neighborhood Summary (single family)
Lantern Green

Sales in:

Median $ / Sq Ft (single family)
Lantern Green




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: $380,265

Our computer algorithm has estimated that this home would be likely to sell in a range between $323,225 and $437,305.


Sale Details
Sales Price: $350,000
Closed: Dec 2, 2022 (482 days ago)
List Price: $378,000
Sold for: 93% of list price
Cumulative Days on Market: 227
Price/Sq Ft: $124
Remarks
(from previous listing) Beautiful home with an open floor plan, vaulted ceilings, spacious rooms, great closets, a great bonus/bedroom, and so much more. Come see this gorgeous home today!
General Info - MLS 3844899
Parking: Attached, Garage - 2 Car
Year Built: 1993
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Kannapolis / Cabarrus County
Lot Size: .32 acres

Neighborhood Info
Subdivision: Lantern Green
Listing History
12/02/2022: MLS Sold for $350,000 (Canopy MLS)
Cumulative Days on Market: 227
More details

Area Schools
2/10
Winecoff Elementary School
Distance: 1.5 mi
7/10
Northwest Cabarrus Middle School
Distance: 1.4 mi
9/10
Northwest Cabarrus High School
Distance: 1.4 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 Lantern Green neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Windsor, Newman Manor, and Cambrook.



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.