NOT LISTED FOR SALE

140 Lake Concord Rd NE Unit D2 Concord, NC 28025

Estimated Value: $175,000 - $196,237

2 Beds
2 Baths
972 Sq Ft
$130/mo HOA Fee

Last Sold September 01, 2022

Last sale price $170,000 $175 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,305/month

15 Days on Market

Highlights

  • Community Pool
  • Patio
  • Ceiling Fan
  • Beverly Hills STEM Elementary Rated A-
  • Central Heating

About This Home

As of September 2022

Unit is on a main level in a quiet back building. It’s a great location just a walk away from Atrium Health Cabarrus and near l-85. There is outside storage off the secluded wooded patio. Washer, dryer and refrigerator are to remain. A unit in Candlewood Square is a rare find.

Last Listed By

Angela Morton

Piedmont Properties & Realty LLC License #331856 Listed on: 06/24/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,615

Year Built

  • Built in 1978

Lot Details

  • 348

HOA Fees

  • $130 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 972 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Oven
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Beverly Hills Elementary School
  • Concord Middle School
  • Concord High School

Utilities

  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 5621-38-8599-0036

Community Details

Overview

  • Candlewood Square Association
  • Candlewood Square Subdivision
  • Mandatory home owners association

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,615

Year Built

Built in 1978

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1978
  • Unit Floor Level: 1
  • Road Surface Type: Asphalt
  • Structure Type: Garden
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 174.90
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 972
  • 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: 0
  • Porch: Patio
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Disposal, Dryer, Oven, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 972
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • New Construction: No
  • Tax Location: Concord
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Assigned

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Closet
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Outdoor Pool
  • Association Fee: 130
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Candlewood Square
  • Association Name: Candlewood Square
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Concord
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 1560.00

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5621-38-8599-0036
  • Plat Book Slide: 499 Page 291
  • Land Included Yn: 0
  • Zoning Description: RC
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: No

Tax Info

  • RATIO List Price By Tax Amount: 1.96035

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Beverly Hills
  • High School: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 26, 2022
Sold by
Dixon Padgett Glen and Holbrooks Karen
Bought by
Tubman Cassie Prophet and Young Treniece Simone
Seller's Agent
Angela Morton
Piedmont Properties & Realty LLC
Buyer's Agent
Beverly McCullough
COMPASS
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%
Total Days on Market
15
Current Estimated Value
$187,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,559
Avg. Annual Appreciation
4.51%
Original Mortgage
$173,910
Outstanding Balance
$168,916
Interest Rate
5.54%
Mortgage Type
VA
Estimated Equity
$22,424

Purchase Details

Listed on
Jun 24, 2022
Closed on
Jul 28, 2022
Sold by
Padgett-Floyd Pamela D
Bought by
Padgett Glen Dixon
Seller's Agent
Angela Morton
Piedmont Properties & Realty LLC
Buyer's Agent
Beverly McCullough
COMPASS
List Price
$175,000
Sold Price
$170,000
Premium/Discount to List
-$5,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,910
Outstanding Balance
$168,916
Interest Rate
5.54%
Mortgage Type
VA
Estimated Equity
$22,424

Purchase Details

Closed on
Nov 8, 2016
Sold by
Gary M Caudell
Bought by
Chandler Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
3.54%

Purchase Details

Closed on
Jun 8, 2009
Sold by
Carroll Penny
Bought by
Padgett Clarence D and Padgett Alice P

Range of Values:

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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
Tubman Cassie Prophet $170,000 Hejirika Law Pllc
Padgett Glen Dixon -- Jones Law Firm
Chandler Julie -- --
Padgett Clarence D $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tubman Cassie Prophet $173,910
Previous Owner Carroll Penny R $35,000
Previous Owner Carroll Penny R --
Previous Owner Carroll Penny R $67,500
Previous Owner Carroll Penny R $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $170,000 -2.9% $175 / Sq Ft
07/09/2022 07/09/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $175,000 -- $180 / 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 $1,615 $162,150 $34,000 $128,150
2023 $1,089 $89,270 $23,000 $66,270
2022 $1,089 $89,270 $23,000 $66,270
2021 $1,089 $89,270 $23,000 $66,270
2020 $1,089 $89,270 $23,000 $66,270
2019 $783 $64,160 $12,500 $51,660
2018 $770 $64,160 $12,500 $51,660
2017 $757 $64,160 $12,500 $51,660
2016 $449 $69,860 $15,500 $54,360
2015 -- $69,860 $15,500 $54,360
2014 -- $69,860 $15,500 $54,360
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3876154

Canopy MLS (Canopy Realtor® Association)

APN: 5621-38-8599-0036