Kannapolis · Kannapolis, NC
506 Grace Avenue
Kannapolis, NC · 977 sqft
$180,000
Reduced from $185,000
- 2Beds
- 1Baths
- 977SqFt
- 1960Year
- 12Days on market
About this home
Welcome to 506 Grace Ave in Kannapolis, just a hop away from the newly renovated downtown area. The property sits on .26 acres and offers the charm and solid feel of an older home while providing an excellent opportunity for the new owner to make it their own with some updating and personal touches. While the home is listed with 2 bedrooms, there is an additional room that could be used as a small bedroom or home office. The home features a spacious fenced backyard and a one of a kind doggie entrance attached to the back of the house, making it an especially fun property for pet lovers. A great opportunity for first time home buyers, this home offers an affordable way to get into the Kannapolis market and build equity while updating the home to fit your own style and vision!
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 977
- Lot
- —
- Year built
- 1960
- Type
- Single Family
- Days on market
- 12
- Heating
- Baseboard
- Cooling
- Window Unit(s)
- Foundation
- Crawl Space
- Flooring
- Carpet, Linoleum
Features
- Walk-In Closet(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,302/ month
- Principal & interest
- $1,114
- Property tax (~0.90%)
- $135
- Homeowners insurance
- $52
- HOA dues
- —
Down payment
$9,000 down · $171,000 financed
Income to qualify (28% rule)
~$55,812 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.