$309,000
SOLD MAY 14, 2025 RENTED AUG 24, 2025

1940 Old Rivers Rd Concord, NC 28027

3 Beds
2.5 Baths
1,400 Sq Ft
$185/mo HOA Fee

Recently Sold

$221 Per Sq Ft

16% Below List Price

0 Day on Market

Highlights

  • Under Construction
  • Open Floorplan
  • Fresh Air Ventilation System
  • Charles E. Boger Elementary School Rated A-
  • Wood Flooring
  • Walk-In Closet

About This Home

As of May 2025

Brand new, energy-efficient home available by May 2025! Prep dinner at the kitchen island while mingling with guests in the open-concept great room. Upstairs, the spacious primary suite features dual sinks and a walk-in closet. A convenient second-story laundry simplifies the chore. Located in Concord, our two-story townhomes offer energy-efficient features and low-maintenance living with stunning amenities including a pool and cabana. Whether exploring shops at Afton Ridge or taking a quick drive into the city of Charlotte, homeowners will experience the best that Concord has to offer. Tour the area today and see why you can call Childers Park Townes home. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.

Last Agent to Sell the Property

Jimmy McClurg

Meritage Homes of the Carolinas Brokerage Email: contact.charlotte@meritagehomes.com License #263639 Listed on: 04/03/2025

Co-Listed By

Jebbie Zulka

Meritage Homes of the Carolinas Brokerage Email: contact.charlotte@meritagehomes.com License #89487

Last Buyer's Agent

Sekhar Kasireddy

GUTTA LLC License #344846

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $908

Year Built

  • Built in 2025 | Under Construction

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Home is estimated to be completed on 5/5/25
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Low Flow Plumbing Fixtures

Eco-Friendly Details

  • Fresh Air Ventilation System

Schools

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

Utilities

  • Central Heating
  • Heat Pump System

Community Details

  • Kuester Association, Phone Number (803) 802-0004
  • Childers Park Condos
  • Built by Meritage Homes
  • Childers Park Subdivision, Topaz Floorplan
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 5611092581

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$908

Year Built

Built in 2025 | Under Construction

Lot Details

0

HOA Fees

$185 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2025
  • Restrictions: Architectural Review
  • Proposed Completion Date: 2025-05-05
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 220.71
  • Geocode Confidence: High
  • Attribution Contact: contact.charlotte@meritagehomes.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Entry Level: 2
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Kitchen Island, Open Floorplan, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 571
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 247
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 247
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 829
  • Appliances: Dishwasher, Low Flow Fixtures, Microwave, Refrigerator with Ice Maker, Washer/Dryer
  • Above Grade Finished Sq Ft: 1400
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1400
  • Bedroom Main: 0
  • Room Count: 10

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Stone Veneer, Vinyl

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Heating: Central, ENERGY STAR Qualified Equipment, Fresh Air Ventilation, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Inside, Upper Level
  • Cooling: ENERGY STAR Qualified Equipment
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 185
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Childers Park
  • Senior Community: No
  • Association Name: Kuester
  • Phone: 803-802-0004
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 2220.00

Schools

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

Lot Info

  • Lot Size Area: 0.065
  • Lot Size Units: Acres
  • Parcel Number: 5611092581
  • Land Included Yn: 1
  • Development Status: Under Construction
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Meritage Homes

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
$319,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,168
Avg. Annual Appreciation
8.89%
Original Mortgage
$231,750
Outstanding Balance
$230,928
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$88,240
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 Type Sale Price Title Company
Special Warranty Deed $309,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $231,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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
2025 $908 $80,000 $80,000 $0
2024 $18 $80,000 $80,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4242377

Canopy MLS (Canopy Realtor® Association)

APN: 5611-09-2581-0000