
$259,900 $221/sqft
500 Broad Street
Kannapolis, NC 28081
3 bd · 2 ba · 1,176 sqft · 1930 · 3 mo ago
Petrea Heights has the feel of an in-town Kannapolis neighborhood that stays close to the city’s momentum without losing its older residential character.
Community overview based on MLS listing data for Petrea Heights, Kannapolis
Petrea Heights has the feel of an in-town Kannapolis neighborhood that stays close to the city’s momentum without losing its older residential character. The streets here lean toward classic bungalow-era homes, modest lots, and a straightforward, walkable-to-downtown setting that puts everyday destinations within easy reach. Recent activity also points to a community that continues to attract attention for its location near the center of Kannapolis.
"A close-in Kannapolis setting where historic homes and downtown energy meet."
The housing mix is rooted in single-family homes, with most properties dating from the 1920s through the early 1940s and a newer build appearing in the late 2010s. That gives the neighborhood a layered look: older cottages and bungalows with front porches, open living spaces, and updated interiors alongside a few newer or fully refreshed homes. Many residences sit on generous lots for an in-town area, and several listings highlight features like fenced yards, decks, workshops, storage buildings, and covered porches. Basements show up often enough to be a meaningful part of the neighborhood’s character, while garages are less common.
The overall impression is practical and adaptable. Some homes have been renovated with quartz counters, stainless appliances, and modern finishes, while others offer classic details such as fireplaces, arched entries, and original mill-village charm. It is the kind of place where the architecture feels connected to Kannapolis history, but the interiors can range from simple and ready for updating to thoroughly refreshed.
Petrea Heights sits close to the places that define daily life in Kannapolis. Downtown shops, restaurants, breweries, and the Cannon Ballers stadium are repeatedly called out, and several homes are described as being within walking distance or about a mile from the center of town. The NC Research Campus also sits nearby, adding another anchor to the area’s everyday rhythm. The result is a neighborhood where errands, dining, and entertainment can stay local rather than requiring a long drive.
"Downtown, the ballpark, and the research campus all sit within easy reach."
This community is centered around Magnolia Avenue, Broad Street, J Avenue, and nearby downtown Kannapolis streets, placing it in the heart of the city’s core. Remarks specifically note quick access to Mooresville Road (Hwy 3) and Interstate 85, with travel to Concord, Mooresville, and Charlotte made easier from here. Downtown Kannapolis is just minutes away, and some homes are described as less than 1 mile from the stadium and downtown. School assignments are not specified in the provided records, so buyers will want to confirm current Kannapolis City Schools zoning directly. Even so, the location is easy to understand: close to the revitalized downtown, near major commuter routes, and anchored by the city’s most recognizable destinations.
Palmetto Park Realty Team · Kannapolis
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25 recently sold in Petrea Heights, Kannapolis
| Property | Sold | Sold Price | Days on Market | Size | Sold to Ask | Sold $/SF |
|---|---|---|---|---|---|---|
| | May 28 2025 | $252,000 | 34 | 998 sq ft | 100.0% | $253 |
| | Feb 27 2025 | $275,000 | 58 | 1,100 sq ft | 98.2% | $250 |
| | Sep 19 2024 | $244,000 | 38 | 998 sq ft | 99.6% | $244 |
| | Aug 26 2024 | $100,000 | 63 | — | 64.5% | — |
| | Jul 23 2024 | $700,000 | 99 | — | 88.6% | — |
| | May 22 2024 | $279,000 | 48 | 1,407 sq ft | 111.6% | $198 |
| | May 1 2024 | $200,000 | 34 | 1,994 sq ft | 100.5% | $100 |
| | Apr 24 2024 | $255,500 | 39 | 1,972 sq ft | 100.0% | $130 |
| | Mar 11 2024 | $210,000 | 99 | 910 sq ft | 95.9% | $231 |
| | Aug 14 2023 | $153,000 | 59 | 1,213 sq ft | 82.7% | $126 |
| | May 1 2023 | $191,000 | 150 | 1,791 sq ft | 91.0% | $107 |
| | Apr 28 2023 | $223,000 | 29 | 1,084 sq ft | 99.6% | $206 |
| | Mar 17 2023 | $239,000 | 68 | 1,259 sq ft | 99.6% | $190 |
| | Mar 8 2023 | $210,000 | 96 | 1,256 sq ft | 91.3% | $167 |
| | Jan 6 2023 | $210,000 | 48 | 1,090 sq ft | 96.3% | $193 |
| | Nov 19 2021 | $140,000 | 109 | 1,094 sq ft | 88.1% | $128 |
| | Jul 20 2021 | $251,000 | 22 | 1,250 sq ft | 109.2% | $201 |
| | Jun 30 2020 | $58,000 | 53 | 1,430 sq ft | 72.5% | $41 |
| | Feb 21 2020 | $82,500 | 20 | 1,218 sq ft | 97.1% | $68 |
| | Jan 17 2020 | $64,000 | 72 | 1,008 sq ft | 85.3% | $63 |
| | Dec 11 2018 | $37,500 | 28 | 994 sq ft | 60.5% | $38 |
| | Nov 14 2017 | $126,500 | 118 | 1,174 sq ft | 97.4% | $108 |
| | May 16 2017 | $7,000 | 33 | — | 70.0% | — |
| | Mar 24 2017 | $61,000 | 38 | 745 sq ft | 93.8% | $82 |
| | Mar 20 2017 | $105,000 | 155 | 1,190 sq ft | 95.5% | $88 |
Closed sales from MLS history for Petrea Heights, Kannapolis
Petrea Heights median sale price is $252,000, up 20.0% from a year ago; Kannapolis is up 3.4%.
+1 outside price range.
The Petrea Heights real estate market shows balanced market conditions. Homes typically sell within 50 days. With 1 active listing and 0 homes sold in the past year, a healthy balance exists between buyers and sellers.
Listings taken off the market in the past year in Petrea Heights, Kannapolis
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