NOT LISTED FOR SALE

188 & 186 Spring St NW Concord, NC 28025

Estimated Value: $246,350

4 Beds
4 Baths
2,628 Sq Ft
$94/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $430,000 $164 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $1,460/month

39 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Shed
  • Coltrane-Webb Elementary School Rated A-
  • Bungalow
  • 4-minute walk to Academy Recreation Center

About This Home

As of December 2022

ATTENTION INVESTORS & LANDLORDS - UNIQUE OPPORTUNITY TO OWN 2 SIDE-BY-SIDE BRICK HOMES. OR PERFECT FOR MULTI-GENERATIONAL LIVING. Put in some TLC and have TWO brick properties close to downtown Concord/right outside historic district! 188 SPRING ST SPECIFICS: New HVAC installed in 2021. Roof is about 10 years old. Home has mostly replacement windows, except for back of house. Home could use paint, kitchen spruce up, new duct work, faucet fixtures, etc. Shed in back. There is shared driveway, carport, garage with 186 Spring St. 186 SPRING ST SPECIFICS: HVAC about 6 years old and has remodeled bathroom/closet/utility closet. Paint/some work will go far on this one too! Back yards are small and would be lovely Charleston-style spaces. SOLD AS-IS, NO REPAIRS TO BE MADE BY SELLER. All appliances in both homes (and TV in 188 Spring) are included. OFFERS NEED TO BE SUBMITTED BY 9PM MONDAY NOV 21.

Last Agent to Sell the Property

Kris Gallagher

Southern Homes of the Carolinas, Inc License #279584 Listed on: 10/14/2022

Last Buyer's Agent

Kris Gallagher

Southern Homes of the Carolinas, Inc License #279584 Listed on: 10/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,902

Year Built

  • Built in 1936

Lot Details

  • 0.35

Parking

  • Driveway

Home Design

  • Bungalow
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Oven
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Coltrane-Webb Elementary School
  • Concord Middle School
  • Concord High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Shed
  • Zoning described as RM-1

Listing and Financial Details

  • Assessor Parcel Number 5620-69-9520-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,902

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1936
  • Ratio Current Price By Acre: 1228571.43
  • Road Surface Type: Concrete
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 163.62
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Attic Other
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2628
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 32
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 32
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Front
  • Appliances: Dishwasher, Dryer, Electric Dryer Hookup, Electric Range, Oven, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 2628
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Shed(s)
  • New Construction: No
  • Roof: Composition
  • Tax Location: Concord
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 175
  • Parking Features: Driveway

Utilities

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

Schools

  • Middle Or Junior School: Concord
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.35
  • Lot Size Units: Acres
  • Parcel Number: 5620-69-9520-0000
  • Additional Parcels Description: 5620-69-9424-0000
  • Zoning Description: RM-1
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 2.25336

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Coltrane-webb
  • High School: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2022
Closed on
Dec 20, 2022
Sold by
Mclaughlin Elizabeth Love
Bought by
Lynch Timothy Patrick and Desanta Ana Angelica
Seller's Agent
Kris Gallagher
Southern Homes of the Carolinas, Inc
Buyer's Agent
Kris Gallagher
Southern Homes of the Carolinas, Inc
List Price
$439,000
Sold Price
$430,000
Premium/Discount to List
-$9,000
-2.05%
Views
28
Current Estimated Value
$246,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$183,650
Avg. Annual Appreciation
-19.57%
Original Mortgage
$161,250
Outstanding Balance
$157,361
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$78,893

Purchase Details

Closed on
May 1, 1993
Bought by
Mclaughlin Sandra Elizabeth
Source: Public Records

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
Lynch Timothy Patrick $215,000 --
Mclaughlin Sandra Elizabeth $49,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Timothy Patrick $161,250
Previous Owner Mclaughlin Sandra Elizabeth $51,600
Previous Owner Mclaughlin Sandra Elzabeth $53,500
Previous Owner Mclaughlin Sandra Elzabeth $10,000
Previous Owner Feeback Samuel S $55,000
Previous Owner Mclaughlin Samuel Steven $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $430,000 -2.1% $164 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/20/2022 11/20/22 For Sale $439,000 +2.1% $167 / Sq Ft
11/01/2022 11/01/22 Off Market $430,000 -- --
10/20/2022 10/20/22 Pending -- -- --
10/14/2022 10/14/22 For Sale $439,000 -- $167 / 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 $1,902 $190,940 $55,650 $135,290
2023 $1,238 $101,470 $17,850 $83,620
2022 $1,238 $101,470 $17,850 $83,620
2021 $1,238 $101,470 $17,850 $83,620
2020 $1,238 $101,470 $17,850 $83,620
2019 $1,095 $89,740 $13,650 $76,090
2018 $1,077 $89,740 $13,650 $76,090
2017 $1,059 $89,740 $13,650 $76,090
2016 $628 $87,910 $13,650 $74,260
2015 $1,037 $87,910 $13,650 $74,260
2014 $1,037 $87,910 $13,650 $74,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3912028

Canopy MLS (Canopy Realtor® Association)

APN: 5620-69-9520-0000