NOT LISTED FOR SALE

1151 Phallen Ct NW Concord, NC 28027

Estimated Value: $887,000 - $965,274

5 Beds
4 Baths
4,189 Sq Ft
$219/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $858,230 $205 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,839/month

Highlights

  • Clubhouse
  • Deck
  • Community Pool
  • Cox Mill Elementary School Rated A
  • Wood Flooring
  • Double Oven

About This Home

As of May 2022

Gorgeous 5 bedroom 4 bath home in Concord’s desirable Allen Mills subdivision. This Three-story Basement home’s stunning features include a modern open concept, hardwood floors though out the first and second floors, fireplace, and tray ceiling in the dining room. Enjoy family meals in the huge gourmet kitchen featuring double ovens, granite countertops, stainless steel appliances, gas cooktop, and large island. The first floor includes bedroom with full bath while the second-floor loft provides additional space. The large landscaped yard opens to the neighborhood’s many amenities – pool, clubhouse, and sports field! Allen Mills is located in the area’s top ranked Cox Mill schools and just miles from downtown Charlotte, Concord Mills Shopping, and several golf courses.
** Canceled the open house since seller accepted the offer**

Last Agent to Sell the Property

Chandra Mavuluri

Tech Realty LLC License #289978 Listed on: 04/08/2022

Last Buyer's Agent

Manjesh Gorajala

NorthGroup Real Estate LLC License #294156

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,259

Year Built

  • Built in 2021

Lot Details

  • 8,146

HOA Fees

  • $51 Monthly HOA Fees

Home Design

  • Stone Veneer
  • Hardboard

Interior Spaces

  • Tray Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Wood Flooring
  • Laundry Room

Kitchen

  • Double Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Schools

  • Cox Mill Elementary School
  • Harris Middle School
  • Cox Mill High School

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • Gas Water Heater

Additional Features

  • Deck
  • Zoning described as PRD

Listing and Financial Details

  • Assessor Parcel Number 4680-17-2054-0000

Community Details

Overview

  • Kuester Management Association, Phone Number (888) 600-5044
  • Allen Mills Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,259

Year Built

Built in 2021

Lot Details

0

HOA Fees

$51 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2021
  • Ratio Current Price By Acre: 4517000.00
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Two Story/Basement
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Foundation Details: Basement, Basement Outside Entrance
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: Kitchen Island, Pantry, Tray Ceiling
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1739
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1747
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1747
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 2450
  • Porch: Covered,Deck
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Double Oven, Exhaust Fan, Gas Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Family Room
  • Living Area: 4189
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 0
  • Total Bedrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding, Stone Veneer

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 828
  • Parking Features: Garage - 3 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground, Sidewalks, Street Lights
  • Association Fee: 152.5
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Association Name: Kuester Management
  • Phone: 888-600-5044
  • ResoAssociationFeeFrequency: Quarterly

Schools

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

Lot Info

  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Parcel Number: 4680-17-2054-0000
  • Zoning Description: PRD

Tax Info

  • RATIO List Price By Tax Amount: 9.12791

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Cox Mill
  • High School: Cox Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2022
Closed on
May 25, 2022
Sold by
Kumar Lakshminarayanappa Sunil and Kumar Shilpa
Bought by
Chimakurty Naresh and Chimakurty Amara
Seller's Agent
Chandra Mavuluri
Tech Realty LLC
Buyer's Agent
Manjesh Gorajala
NorthGroup Real Estate LLC
List Price
$785,000
Sold Price
$858,230
Premium/Discount to List
$73,230
9.33%
Current Estimated Value
$916,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,825
Avg. Annual Appreciation
2.26%
Original Mortgage
$633,250
Outstanding Balance
$599,809
Interest Rate
3.88%
Mortgage Type
Balloon
Estimated Equity
$322,312

Purchase Details

Closed on
Sep 24, 2021
Sold by
M I Homes Of Charlotte Llc
Bought by
Lakshminarayanappa Sunil Kumar and Chandrasekhar Shilpa Surahonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Chimakurty Naresh $858,500 Patel & Houston Pllc
Lakshminarayanappa Sunil Kumar $628,000 Transohio Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chimakurty Naresh $633,250
Previous Owner Lakshminarayanappa Sunil Kumar $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $858,230 +9.3% $205 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $785,000 -- $187 / 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 $9,259 $929,590 $160,000 $769,590
2023 $6,519 $534,310 $86,000 $448,310
2022 $6,519 $86,000 $86,000 $0
2021 $0 $86,000 $86,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3845617

Canopy MLS (Canopy Realtor® Association)

APN: 4680-17-2054-0000