NOT LISTED FOR SALE

1016 Old Trace Rd NW Concord, NC 28027

Estimated Value: $812,000 - $852,000

4 Beds
3.5 Baths
3,666 Sq Ft
$228/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2018

Last sale price $459,098 $125 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,196 / mo

Highlights

  • Built in 2018 | Newly Remodeled
  • Cox Mill Elementary School Rated A
  • Attached Garage

About This Home

As of July 2018

This home is located at 1016 Old Trace Rd NW, Concord, NC 28027 since 29 January 2018 and is currently estimated at $836,487, approximately $228 per square foot. This property was built in 2018. 1016 Old Trace Rd NW is a home located in Cabarrus County with nearby schools including Cox Mill Elementary School, Harold E. Winkler Middle School, and Cox Mill High School.

Last Agent to Sell the Property

Vickie Scott

Taylor Morrison of Carolinas Inc License #204415 Listed on: 01/29/2018

Last Buyer's Agent

Zanthia Hastings

Real Broker, LLC License #13066

Real Broker, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.27

HOA Fees

  • $51 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property

Community Details

  • Built by Taylor Morrison of Carolinas

Listing and Financial Details

  • Assessor Parcel Number Lot 199

Home Details

Home Type

Single Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0.27 Acres

HOA Fees

$51 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 1681677.66
  • Ratio Current Price By Sq Ft: 125.23
  • Year Built: 2018
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1671
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Cooktop Gas, Dishwasher, Disposal, Electric Dryer Hookup, Exhaust Fan, Ice Maker Connection, Microwave, Self Cleaning Oven, Wall Oven
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1995
  • Total Sq Ft: 3666
  • Sq Ft Unheated Main: 450
  • Sq Ft Unheated Total: 450

Exterior Features

  • Construction: Brick Partial, Fiber Cement, Stone Veneer
  • Construction Type: Site Built
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 152.50
  • Association Fee Frequency: Quarterly

Lot Info

  • Parcel Number: Lot 199
  • Zoning Specification: Res

Building Info

  • Builder Name: Taylor Morrison of Carolinas

Tax Info

  • Tax Value: 459098.00
  • Tax Location: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2019
Sold by
Merino Wilmo F and Merino Wanda
Bought by
Kalra Pankaj and Kalra Sha
Current Estimated Value
$836,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$222,270
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$614,217

Purchase Details

Listed on
Jan 29, 2018
Closed on
Jul 31, 2018
Sold by
Taylor Morrison Of Carolinas Inc
Bought by
Merino Wilmo F and Merino Wanda
Seller's Agent
Vickie Scott
Taylor Morrison of Carolinas Inc
Buyer's Agent
Zanthia Hastings
Real Broker, LLC
List Price
$459,098
Sold Price
$459,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$462,841
Interest Rate
4.6%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kalra Pankaj $500,000 None Available
Merino Wilmo F $459,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kalra Pankaj $330,000
Previous Owner Merino Wilmo F $462,841
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2018 09/11/18 Pending -- -- --
09/11/2018 09/11/18 For Sale $459,098 0.0% $125 / Sq Ft
07/31/2018 07/31/18 Sold $459,098 -- $125 / Sq Ft
Source: Canopy MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,148 $818,060 $160,000 $658,060
2024 $8,148 $818,060 $160,000 $658,060
2023 $5,988 $490,820 $86,000 $404,820
2022 $5,988 $490,820 $86,000 $404,820
2021 $5,988 $490,820 $86,000 $404,820
2020 $5,988 $490,820 $86,000 $404,820
2019 $4,508 $369,500 $70,000 $299,500
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2018

    Vickie Scott

    Taylor Morrison of Carolinas Inc

  • Zanthia Hastings

    Buyer's Agent in 2018

    Zanthia Hastings

    Real Broker, LLC

    (704) 737-6976

    8 in this area

    168 Total Sales

    Zanthia Hastings
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Map

Source: Canopy MLS

MLS Number: CAR3433842

Canopy MLS

APN: 4680-36-5107-0000

North Carolina Cabarrus County Concord 28027

1016 Old Trace Rd NW, Concord, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS 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. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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