$403,000
SOLD APR 25, 2024

1132 Rustic Ln NW Concord, NC 28027

3 Beds
2 Baths
1,634 Sq Ft
2.04 Acres

Recently Sold

$247 Per Sq Ft

8% Below List Price

70 Days on Market

Highlights

  • Wooded Lot
  • Wrap Around Porch
  • Laundry Room
  • Charles E. Boger Elementary School Rated A-
  • Circular Driveway
  • Front Green Space

About This Home

As of April 2024

Come and see this 3BR, 2BA charming log home located on over 2 acres with a picturesque wrap-around porch, providing a perfect spot to enjoy the beauty of the outdoors. This home includes 3 parcels of land within 5 minutes of I-85. The logs used in construction give the home a rustic and timeless appeal. The interior is adorned with warm wood finishes, an open floor plan, creating a welcoming and comfortable ambiance. This home has a NEW water heater in 2023, NEW heat pump in 2023, and per the city of Concord, the adjacent lot can be built on, has water access and sewer can be tapped on. The property provides ample space for outdoor activities, gardening, and the two storage buildings allows space for woodworking, or extra storage! Come and see this unique find today! Agent is related to the seller.

Last Agent to Sell the Property

Vanessa Miles

Allen Tate Concord Brokerage Email: vanessa.miles@allentate.com License #298718 Listed on: 01/15/2024

Allen Tate Concord

Last Buyer's Agent

Kandi Lowe

Realty One Group Revolution License #204040

Realty One Group Revolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,784

Year Built

  • Built in 1996

Lot Details

  • Front Green Space
  • Level Lot
  • Wooded Lot
  • Property is zoned RV

Home Design

  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Insulated Windows
  • Family Room with Fireplace
  • Laminate Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Parking

  • Circular Driveway
  • 10 Open Parking Spaces

Outdoor Features

  • Wrap Around Porch
  • Shed

Schools

  • Charles E. Boger Elementary School
  • Northwest Cabarrus Middle School
  • Northwest Cabarrus High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5601-85-0679-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,784

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1996
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 246.63
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: vanessa.miles@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 964
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 670
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Oven, Refrigerator
  • Above Grade Finished Sq Ft: 1634
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Fireplace Features: Family Room, Other - See Remarks
  • Living Area: 1634
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 9
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Log
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Wrap Around

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: Circular Driveway

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Northwest Cabarrus
  • HOA Subject To: None

Lot Info

  • Lot Features: Orchard(s), Green Area, Level, Wooded
  • Lot Size Area: 2.04
  • Lot Size Units: Acres
  • Parcel Number: 5601-85-0679-0000
  • Additional Parcels Description: 56018505790000,56018534390000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Charles E. Boger
  • High School: Northwest Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
Apr 24, 2024
Sold by
Miles Geraldine C
Bought by
Pegula Michael Matthew
Seller's Agent
Vanessa Miles
Allen Tate Concord
Buyer's Agent
Kandi Lowe
Realty One Group Revolution
List Price
$439,000
Sold Price
$403,000
Premium/Discount to List
-$36,000
-8.2%
Views
444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.29%
Original Mortgage
$403,000
Interest Rate
6.74%
Mortgage Type
VA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $403,000 Attorneys Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $409,418 VA
Closed $403,000 VA
Previous Owner $25,000 New Conventional
Previous Owner $96,200 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2024 04/25/24 Sold $403,000 -2.9% $247 / Sq Ft
03/25/2024 03/25/24 Pending -- -- --
03/25/2024 03/25/24 Pending -- -- --
03/18/2024 03/18/24 Price Changed $415,000 -3.3% $254 / Sq Ft
02/05/2024 02/05/24 For Sale $429,000 0.0% $306 / Sq Ft
01/30/2024 01/30/24 Price Changed $429,000 -2.3% $263 / Sq Ft
01/15/2024 01/15/24 For Sale $439,000 -- $269 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

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
2024 $2,784 $279,470 $60,000 $219,470
2023 $1,108 $181,600 $46,200 $135,400
2022 $1,108 $181,600 $46,200 $135,400
2021 $1,108 $181,600 $46,200 $135,400
2020 $1,108 $181,600 $46,200 $135,400
2019 $911 $149,330 $38,500 $110,830
2018 $896 $149,330 $38,500 $110,830
2017 $881 $149,330 $38,500 $110,830
2016 $523 $140,750 $36,850 $103,900
2015 $830 $140,750 $36,850 $103,900
2014 $830 $140,750 $36,850 $103,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4100500

Canopy MLS (Canopy Realtor® Association)

APN: 5601-85-0679-0000