NOT LISTED FOR SALE

1041 Fairway Ridge Dr NW Concord, NC 28027

Estimated Value: $433,000 - $520,000

4 Beds
2.5 Baths
2,596 Sq Ft
$182/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $450,000 $173 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,855/month

131 Days on Market

Highlights

  • In Ground Pool
  • Open Floorplan
  • 2 Car Attached Garage
  • Weddington Hills Elementary School Rated A-
  • Deck
  • Laundry Room

About This Home

As of January 2025

Beautiful 4 bedroom 2 and 1/2 bath home in Fairway Ridge Community in Concord. Minutes from all major shopping, restaurant's and North Carolinas biggest tourist attractions being Concord Mills and Charlotte Motor Speedway. Open floor plan in kitchen/living room with fireplace and a large flex space on the main level. Flex space would make a great office space. 9 foot ceilings on main level. Kitchen features granite countertops and a large kitchen island with breakfast nook. Head upstairs to a large primary bedroom and primary bathroom with garden tub and additional bedrooms/bathroom. Home has been recently painted. Step outside to a large deck that also features an outdoor grilling station and overlooks a large in ground swimming pool. Backyard is fenced in for your privacy.

Last Agent to Sell the Property

Colleen Viteri

Lantern Realty & Development, LLC Brokerage Email: colleenviterirealtor@gmail.com License #338380 Listed on: 07/27/2024

Lantern Realty & Development, LLC

Last Buyer's Agent

Alex Salazar

SA Carolinas Realty Inc License #291742

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1991

Lot Details

  • Back Yard Fenced
  • Property is zoned PUD

HOA Fees

  • $22 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Slab Foundation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Vinyl Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Electric Oven
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • In Ground Pool
  • Deck
  • Shed

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Fairway Ridge Homeowners Assocation Association
  • Fairway Ridge Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 5610-25-0947-0000

Home Details

Home Type

Single Family

Year Built

Built in 1991

Lot Details

0.31 Acres

HOA Fees

$22 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1991
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 173.34
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: colleenviterirealtor@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Kitchen Island, Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1319
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1277
  • Appliances: Dishwasher, Disposal, Electric Oven, Microwave, Plumbed For Ice Maker, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 2596
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Living Area: 2596
  • Bedroom Main: 0
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard
  • Pool Features: In Ground
  • Waterfront Features: None
  • Construction Type: Hardboard Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 265.95
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Fairway Ridge Homeowners Assocation
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 265.95

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5610-25-0947-0000
  • Zoning: PUD
  • ResoLotSizeUnits: Acres
  • Zoning Specification: PUD

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2024
Closed on
Jan 9, 2025
Sold by
Pernal Mark and Pernal Heather
Bought by
Herrera Luis Miguel and Duran Emely Mary
Seller's Agent
Colleen Viteri
Lantern Realty & Development, LLC
Buyer's Agent
Alex Salazar
SA Carolinas Realty Inc
List Price
$485,999
Sold Price
$450,000
Premium/Discount to List
-$35,999
-7.41%
Views
47
Current Estimated Value
$472,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,656
Avg. Annual Appreciation
4.25%
Original Mortgage
$427,500
Outstanding Balance
$424,531
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$48,125

Purchase Details

Closed on
Jan 8, 2016
Sold by
Waters Robin F and Waters Adalgisa R
Bought by
Shorter Laurie B and Shorter Charles R

Purchase Details

Closed on
Apr 30, 1999
Sold by
Rector Johnston Johnston William Mitchell
Bought by
Waters Robin F and Waters Laurie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,650
Interest Rate
7.06%

Purchase Details

Closed on
Nov 1, 1991
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Herrera Luis Miguel $450,000 None Listed On Document
Herrera Luis Miguel $450,000 None Listed On Document
Herrera Luis Miguel $450,000 None Listed On Document
Shorter Laurie B $200,500 None Available
Waters Robin F $187,000 --
-- $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herrera Luis Miguel $427,500
Closed Herrera Luis Miguel $427,500
Previous Owner Waters Robin F $177,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $450,000 -7.4% $173 / Sq Ft
12/06/2024 12/06/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $485,999 +8.0% $187 / Sq Ft
08/10/2024 08/10/24 Off Market $450,000 -- --
08/10/2024 08/10/24 For Sale $485,999 0.0% $187 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/27/2024 07/27/24 For Sale $485,999 -- $187 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,491 $450,950 $89,000 $361,950
2024 $4,491 $450,950 $89,000 $361,950
2023 $3,235 $266,870 $50,000 $216,870
2022 $3,235 $265,130 $50,000 $215,130
2021 $3,235 $265,130 $50,000 $215,130
2020 $3,235 $265,130 $50,000 $215,130
2019 $2,727 $223,540 $35,000 $188,540
2018 $2,682 $223,540 $35,000 $188,540
2017 $2,239 $189,760 $35,000 $154,760
2016 $1,328 $170,070 $30,000 $140,070
2015 $2,007 $170,070 $30,000 $140,070
2014 $2,007 $170,070 $30,000 $140,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4160525

Canopy MLS (Canopy Realtor® Association)

APN: 5610-25-0947-0000

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