RENTED AUG 24, 2025

1940 Old Rivers Rd Concord, NC 28027

Estimated Value: $294,000 - $316,000

3 Beds
2.5 Baths
1,400 Sq Ft
$218/Sq Ft Est. Value

Last Sold May 14, 2025

Last sale price $309,000 $221 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,885/month

Highlights

  • Open Floorplan
  • Walk-In Closet
  • 1 Car Garage
  • Charles E. Boger Elementary School Rated A-

About This Home

As of August 2025

Brand New Townhouse in Childers Park! This stunning new construction features 3 bedrooms, 2.5 bathrooms, and an open first floor layout. Enjoy cooking in a modern kitchen with stainless steel appliances and solid surface countertops. Relax in the spacious living area or step outside to the community pool. Plus, a one-car garage offers added convenience. Be the first to call this beautiful townhome. Rush to see the home.

Last Agent to Rent the Property

Satish Gutta

GUTTA LLC Brokerage Email: gsnsatish@yahoo.com License #323436 Listed on: 08/17/2025

Last Renter's Agent

Satish Gutta

GUTTA LLC Brokerage Email: gsnsatish@yahoo.com License #323436 Listed on: 08/17/2025

Townhouse Details

Home Type

  • Townhome

Year Built

  • 2025

Parking

  • 1 Car Garage

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 2-Story Property
  • Open Floorplan

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Schools

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

Community Details

  • Childers Park Subdivision

Listing and Financial Details

  • Security Deposit $1,890
  • Property Available on 8/17/25
  • Assessor Parcel Number 5611-09-2581-0000

Townhouse Details

Home Type

Townhome

Year Built

2025

Lot Details

0

Parking

1

Rental Info

  • Pets Allowed: Number Limit, Size Limit
  • Available Date: 2025-08-17
  • Security Deposit: 1890
  • Application Fee: 40

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Townhouse
  • Road Surface Type: Paved
  • Unit Levels: Two
  • Geocode Confidence: High
  • Attribution Contact: gsnsatish@yahoo.com
  • Special Features: None
  • Year Built: 2025

Interior Features

  • Entry Level: 2
  • Fireplace: No
  • Interior Amenities: Open Floorplan, Walk-In Closet(s)
  • Sq Ft Unheated Total: 0
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bedroom Main: 0

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Northwest Cabarrus
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5611-09-2581-0000
  • Additional Parcels: No
  • Zoning Specification: PD

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2025
Closed on
May 13, 2025
Sold by
Meritage Homes Of The Carolinas Inc
Bought by
Malneedi Suresh and Malneedi Hema M
Seller's Agent
Jimmy McClurg
Meritage Homes of the Carolinas
Buyer's Agent
Sekhar Kasireddy
GUTTA LLC
List Price
$367,630
Sold Price
$309,000
Premium/Discount to List
-$58,630
-15.95%
Views
1
Current Estimated Value
$305,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,920
Avg. Annual Appreciation
-1.83%
Original Mortgage
$231,750
Outstanding Balance
$230,928
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$74,152
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Malneedi Suresh $309,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malneedi Suresh $231,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2025 08/24/25 Rented $1,800 -4.8% --
08/17/2025 08/17/25 For Rent $1,890 0.0% --
05/14/2025 05/14/25 Sold $309,000 -15.9% $221 / Sq Ft View Prior Sale
04/03/2025 04/03/25 Pending -- -- --
04/03/2025 04/03/25 For Sale $367,630 -- $263 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jimmy McClurg

    Meritage Homes of the Carolinas

    (704) 969-0153

    399 in this area

    3,347 Total Sales

    Jimmy McClurg
    Section Image

  • S

    Landlord's Agent in 2025

    Satish Gutta

    GUTTA LLC

    (980) 875-0089

    1 in this area

    45 Total Sales

    Satish Gutta
    Section Image

  • J

    Seller Co-Listing Agent in 2025

    Jebbie Zulka

    Meritage Homes of the Carolinas

    (704) 302-4446

    204 in this area

    1,582 Total Sales

    Jebbie Zulka
    Section Image

  • S

    Buyer's Agent in 2025

    Sekhar Kasireddy

    GUTTA LLC

    (980) 309-2727

    9 in this area

    30 Total Sales

    Sekhar Kasireddy
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4292961

Canopy MLS (Canopy Realtor® Association)

APN: 5611-09-2581-0000

North Carolina Cabarrus County Concord 28027

1940 Old Rivers Rd, Concord, NC

Not Listed for Sale

Townhouses

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