CompCasa Property Analysis · single_family

1718 Measmer St

11.8-Acre Equestrian-Ready Property with 3BR/2.5BA Manufactured Home

Spacious home, corral, riding trail — rare acreage minutes from Kannapolis amenities

3 beds2.5 baths1,904 sq ftBuilt 199811.8 acresdetached carport
CompCasa valuation analysis
Estimated market value
$495,000
Low $470,000 · Midpoint $495,000 · High $520,000
Confidence80%Sales comparison approach
Last recorded sale$495,000Oct 24, 2008
Assessed value$320,6902025 assessment
CompCasa estimate$495,000Mar 8, 2026
Estimate vs. last recorded sale+$0 / +0.0%
$470,000$495,000 midpoint$520,000
Price / sq ft$260
Median sale price$306,750
Avg days on market73 days
Inventory3.5 months

Sales comparison approach using similar manufactured homes on large lots within 2 miles sold in the last 12 months. Adjusted for lot size, condition, and amenities. Assessed value of $320,690 appears below market.

About the property

11.8-Acre Equestrian-Ready Property with 3BR/2.5BA Manufactured Home

What sets this property apart is the land: an expansive, level 11.8-acre parcel complete with a corral and an on‑property riding trail, offering immediate equestrian potential or room for small-scale farming. The 1998 manufactured home—well-maintained and laid out across 1,904 square feet—sits comfortably mid‑acre, accessed by a circular driveway and sheltered by a detached carport. A single-lane dirt road off Oakwood Avenue gives the site privacy and a rural character while keeping local conveniences within easy reach.

Step inside to a family room anchored by a fireplace, a focal point for gatherings and cooler evenings. The kitchen includes an island that works for prep and casual meals, with adjacent laundry facilities for practical everyday living. Flooring is a mix of carpet and vinyl that reflects the home's current, good condition; mechanical systems rely on an electric heat pump for year-round climate control. With three bedrooms and two and a half baths the layout supports family life, visiting guests, or weekend hosting for friends and riding partners.

Outside, the property’s acreage is the real opportunity: established riding paths, a corral, and broad, level fields create a turnkey setting for horse owners or hobby farmers. The R4 residential zoning accommodates single-family and agricultural uses, including livestock, and the lot’s size invites a range of possibilities—additional outbuildings, pasture rotation, or even potential subdivision subject to local regulations. Practical considerations include existing well and septic systems and access via a private dirt lane; buyers should verify utility conditions and evaluate any desired municipal connections.

Location balances rural privacy with regional access. Kannapolis City Park is roughly 2.5 miles away, essential shopping is about a 4‑mile drive at Afton Ridge, and Atrium Health Cabarrus sits about 5 miles from the property. Local schools—Winecoff Elementary and Northwest Cabarrus Middle/High—are all within a short drive, making the acreage practical for family life as well as leisure pursuits. With an assessed value noticeably below current market indications and valuation estimates centering near $495,000, this property represents a rare combination of land, usable improvements, and flexible zoning in the Charlotte‑Concord‑Gastonia MSA.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$170,000
Property address305 Sexton St, Kannapolis, NC 28081
3 bed2 bath1,454 sq ft1.75 mi$117/SF
Sold Sep 22, 2025
Subject difference
  • 450 SF smaller
  • 0.5 fewer bathrooms
Research comparison noteSmaller home on standard lot; adjusted upward for larger lot size and amenities
02Sold price$110,000
Property address6030 Hardwood Ln, Concord, NC 28025
2 bed2 bath924 sq ft1.94 mi$119/SF
Sold Jul 7, 2025
Subject difference
  • 980 SF smaller
  • 1 fewer bedroom
  • 0.5 fewer bathrooms
Research comparison noteSmaller home; adjusted upward for size and lot acreage
03Sold price$85,000
Property address1406 Todd Ave, Kannapolis, NC 28081
1 bed2 bath892 sq ft1.75 mi$95/SF
Sold Dec 16, 2024
Subject difference
  • 1,012 SF smaller
  • 2 fewer bedrooms
  • 0.5 fewer bathrooms
Research comparison noteSmaller home; significant adjustments needed for size and lot
Comp methodology: Focused on manufactured homes within 2 miles sold in the last 12 months; adjustments made for lot size, condition, and amenities
Property details

A 1998 manufactured home on 11.8 acres.

Building

Year built1998
ConstructionManufactured
RoofComposition
Heatingelectric heat pump
Coolingelectric heat pump

Site & utilities

Lot size11.8 acres
Garagedetached carport
Stories1
ConditionGood
BasementNone
FireplaceYes
Improvement notes3 bedrooms, 2.5 bathrooms, carpet and vinyl flooring, kitchen island, fireplace in family room
Lot area514,008 sq ft
TopographyLevel
FrontageAccess via private dirt road off Oakwood Ave
ParkingDetached Carport And Driveway
Parking spaces4
Parking notesDetached carport and circular driveway
AccessSingle-lane dirt road access from Oakwood Ave; driveway may be muddy after rain
WaterWell
SewerSeptic Installed
ElectricAvailable
GasNot Available
Location & nearby

Kannapolis, NC

Researched nearby locations

Kannapolis City Park (2.5 mi)
Atrium Health Cabarrus (5 mi)
Afton Ridge Shopping Center (4 mi)

Location

1718 Measmer St, Kannapolis, NC 28081

View in Google Maps
Editorial neighborhood context

This property sits on the rural edge of Kannapolis, where wide parcels and working land mix with family neighborhoods. Residents enjoy easy access to regional amenities—shopping, health care, and parks—while retaining a quieter, agricultural feel. Local schools are close by and community parks like Kannapolis City Park are minutes away, making the area attractive to buyers who want country space without long commutes into the Charlotte metro. Neighbors include a mix of residential and agricultural uses, supporting hobby farms, equestrian activity, and outdoor lifestyles.

Nearby access summary

Excellent on‑site recreation with a private riding trail and corral, plus public parks (Kannapolis City Park ~2.5 miles) and other green spaces within a short drive—strong for horseback riding and outdoor hobbies.

ElementaryWinecoff Elementary (5/10)
Middle schoolNorthwest Cabarrus Middle (4/10)
High schoolNorthwest Cabarrus High (6/10)
School districtCabarrus County Schools
Market context

A factual market snapshot around 1718 Measmer St.

Median sale price$306,750
Avg days on market73 days
Inventory3.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

The Kannapolis area is currently a balanced market with indicators that favor sellers of distinctive land parcels. Inventory stands at approximately 3.5 months and average days on market near 73 days — a moderate turnover rate driven by steady demand for larger lots. Median sale prices in the local area sit around $306,750, while five‑year appreciation has tracked about +25% cumulatively; year‑over‑year change is modest (~+5%).

Manufactured single‑family homes on larger acreage — like this 11.8‑acre offering — are showing stronger buyer interest than standard suburban lots because they deliver immediate space for hobbies, equestrian use, or secondary structures. Rental comps suggest a gross monthly rent near $1,500, though the acreage adds more value for owner‑occupiers than for typical rental returns. Current conditions make this a timely acquisition for buyers seeking land and usable improvements: supply for large‑lot parcels is limited, so well‑positioned offerings can command premium pricing. Buyers should factor in access and utility items (dirt road access, well and septic) when assessing total acquisition and improvement costs.

Zoning & land use

Residential

Zoning

Zoning codeR4
DescriptionResidential
JurisdictionCity of Kannapolis
Assessor useSingle Family Residential
Current useResidential

Research-indicated uses

  • Single Family
  • Agricultural
  • Livestock
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed land$84,190
Assessed improvements$236,500
Total assessed$320,690
Assessment year2025
Annual property tax$3,641
Tax year2025

Sale history

2008-10-24$495,000 · $260/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,400/mo
Property address920 Pecan Ave, Kannapolis, NC 28081
3 bed2 bath1,900 sq ft$0.74/SF
Leased Aug 1, 2025
Subject difference
  • 4 SF smaller
  • 0.5 fewer bathrooms
Research comparison noteSimilar size home; standard lot size
02Monthly rent$1,350/mo
Property address508 Chesterfield Ave, Kannapolis, NC 28081
3 bed2 bath1,850 sq ft$0.73/SF
Leased Jul 15, 2025
Subject difference
  • 54 SF smaller
  • 0.5 fewer bathrooms
Research comparison noteSimilar size home; standard lot size
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Property listed for sale in 2008 at $495,000; no sale recorded
  • Assessed value of $320,690 appears below market
  • Zoned R4, allowing for residential and agricultural uses
  • Equipped with well and septic system; potential for future municipal connections
  • Nearby schools have average performance ratings

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm lot dimensions and boundaries
  • Verify condition of well and septic systems
  • Assess feasibility and cost of connecting to municipal water and sewer services
  • Review zoning regulations for potential development or subdivision
  • Evaluate access road condition and maintenance requirements
Highlights & features

What stands out about this property.

Interior Features

  • 1,904 sq ft living area
  • 3 bedrooms, 2.5 bathrooms
  • Family room with fireplace
  • Kitchen island
  • Laundry room
  • Carpet and vinyl flooring
  • Electric heat pump (heating & cooling)

Exterior & Lot

  • 11.8-acre level parcel
  • Corral and on‑property riding trail
  • Detached carport and circular driveway
  • Access via private single‑lane dirt road off Oakwood Ave
  • Room for outbuildings, pastures, or expansion
  • Topography: level

Location & Neighborhood

  • Kannapolis City Park (≈2.5 miles)
  • Atrium Health Cabarrus (≈5 miles)
  • Afton Ridge Shopping Center (≈4 miles)
  • Schools within 1.6 miles (Winecoff Elementary; Northwest Cabarrus Middle & High)
  • Charlotte‑Concord‑Gastonia MSA

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent
  • Property includes private riding trail and corral
  • Parks and recreational facilities within a short drive (Kannapolis City Park ~2.5 mi)
  • Short drive to shopping and medical services
  • Great potential for outdoor recreation, horseback riding, and small‑scale farming
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin listing page for 1718 Measmer StView source
2
Zillow listing page for 1718 Measmer StView source
3
Realtor.com listing page for 1718 Measmer StView source
4
Cabarrus County public officials directoryView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.