NOT LISTED FOR SALE

2296 Drake Mill Ln SW Unit 424 Concord, NC 28025

Estimated Value: $592,183 - $613,000

5 Beds
3 Baths
3,429 Sq Ft
$175/Sq Ft Est. Value

Last Sold August 07, 2017

Last sale price $332,545 $97 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,605/month

Highlights

  • Fitness Center
  • Under Construction
  • Clubhouse
  • Patriots Elementary School Rated A-
  • Open Floorplan
  • Community Pool

About This Home

As of August 2017

This home is located at 2296 Drake Mill Ln SW Unit 424, Concord, NC 28025 since 22 March 2017 and is currently estimated at $598,546, approximately $174 per square foot. This property was built in 2017. 2296 Drake Mill Ln SW Unit 424 is a home located in Cabarrus County with nearby schools including Patriots Elementary School, C.C. Griffin Middle School, and Hickory Ridge High School.

Last Agent to Sell the Property

Jerry Smith

NVR Homes, Inc./Ryan Homes Brokerage Email: jesmith@nvrinc.com License #126145 Listed on: 03/22/2017

Last Buyer's Agent

Anthony Braswell

True Legacy Realty License #276516

True Legacy Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,528

Year Built

  • Built in 2017 | Under Construction

Lot Details

  • 0.26 Acre Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Insulated Windows
  • Great Room with Fireplace
  • Pull Down Stairs to Attic
  • Home Security System
  • Electric Dryer Hookup

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms
  • Garden Bath

Outdoor Features

  • Patio
  • Front Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 55279269860000

Community Details

Overview

  • Property has a Home Owners Association
  • Built by Ryan Homes
  • The Mills At Rocky River Subdivision, Landon Floorplan

Amenities

  • Clubhouse

Recreation

  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,528

Year Built

Built in 2017 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2017
  • Proposed Completion Date: 2017-08-17
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 96.98
  • Attribution Contact: jesmith@nvrinc.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Garden Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1572
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 816
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 816
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1857
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Wall Oven
  • Above Grade Finished Sq Ft: 3429
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Gas Log, Great Room
  • Living Area: 3429
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 12
  • Sq Ft Other: 0

Exterior Features

  • New Construction: Yes
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Upper Level
  • Security: Carbon Monoxide Detector(s), Security System
  • Cooling: Zoned
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Outdoor Pool, Playground, Recreation Area
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Area: 0.26
  • Lot Size Units: Acres
  • Parcel Number: 55279269860000
  • Plat Reference Section Pages: 69
  • Development Status: Under Construction
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11325
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres
  • Zoning Specification: SFR

Building Info

  • Builder Name: Ryan Homes

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2017
Closed on
Aug 3, 2017
Sold by
Nvr Inc
Bought by
Ramnarine Leah and Ramnarine Pooran
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Anthony Braswell
True Legacy Realty
List Price
$345,325
Sold Price
$332,545
Premium/Discount to List
-$12,780
-3.7%
Current Estimated Value
$595,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,833
Avg. Annual Appreciation
7.59%
Original Mortgage
$282,663
Interest Rate
3.9%
Mortgage Type
Stand Alone First
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
Ramnarine Leah $333,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramnarine Leah $282,663
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2017 08/07/17 Sold $332,545 -3.7% $97 / Sq Ft
03/22/2017 03/22/17 Pending -- -- --
03/22/2017 03/22/17 For Sale $345,325 -- $101 / 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 $5,528 $555,020 $100,000 $455,020
2024 $5,528 $555,020 $100,000 $455,020
2023 $4,364 $357,730 $60,000 $297,730
2022 $4,364 $357,730 $60,000 $297,730
2021 $4,364 $357,730 $60,000 $297,730
2020 $4,364 $357,730 $60,000 $297,730
2019 $3,947 $323,550 $35,000 $288,550
2018 $3,883 $323,550 $35,000 $288,550
2017 $413 $35,000 $35,000 $0
2016 $245 $25,000 $25,000 $0
2015 -- $25,000 $25,000 $0
2014 -- $25,000 $25,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3286749

Canopy MLS (Canopy Realtor® Association)

APN: 5527-92-6986-0000