Seller's Agent in 2018
Jerry Smith
NVR Homes, Inc./Ryan Homes
(704) 325-4823
1,683 Total Sales
2355 Drake Mill Ln SW Unit 503 Concord, NC 28025
Estimated Value: $582,000 - $623,000
4
Beds
2.5
Baths
3,652
Sq Ft
$164/Sq Ft
Est. Value
Highlights
- Fitness Center
- Newly Remodeled
- Deck
- Patriots Elementary School Rated A-
- Clubhouse
- Wood Flooring
About This Home
As of February 2018This home is located at 2355 Drake Mill Ln SW Unit 503, Concord, NC 28025 since 29 May 2017 and is currently estimated at $597,959, approximately $163 per square foot. This property was built in 2017. 2355 Drake Mill Ln SW Unit 503 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
NVR Homes, Inc./Ryan Homes Brokerage Email: jesmith@nvrinc.com License #126145 Listed on: 05/29/2017
Last Buyer's Agent
Venkat Pinnamaraju
Bipin Parekh Realty, LLC
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,504
Year Built
- Built in 2017 | Newly Remodeled
Lot Details
- 10,018 Sq Ft Lot
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Slab Foundation
- Vinyl Siding
- Stone Veneer
Interior Spaces
- 2-Story Property
- Insulated Windows
- Family Room with Fireplace
- Electric Dryer Hookup
Kitchen
- Gas Oven
- Gas Range
- Microwave
- ENERGY STAR Qualified Refrigerator
- Plumbed For Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Garden Bath
Outdoor Features
- Deck
- Patio
- Front Porch
Schools
- Patriots Elementary School
- C.C. Griffin Middle School
- Central Cabarrus High School
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 55370308160000
Community Details
Overview
- Property has a Home Owners Association
- Built by Ryan Homes
- The Mills At Rocky River Subdivision, Torino Floorplan
Amenities
- Clubhouse
Recreation
- Recreation Facilities
- Community Playground
- Fitness Center
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 9, 2023
Sold by
Devireddy Somi Reddy and Devireddy Shobharani
Bought by
Devireddy Gavireddy Family Trust and Devireddy
Current Estimated Value
Purchase Details
Listed on
May 29, 2017
Closed on
Jan 24, 2018
Sold by
Nvr Inc
Bought by
Devireddy Somi Reddy and Gavireddy Shobharani
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Venkat Pinnamaraju
Bipin Parekh Realty, LLC
List Price
$325,405
Sold Price
$328,900
Premium/Discount to List
$3,495
1.07%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$263,120
Interest Rate
3.94%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Devireddy Gavireddy Family Trust | -- | None Listed On Document | |
| Devireddy Somi Reddy | $329,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Devireddy Somi Reddy | $263,120 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/02/2018 02/02/18 | Sold | $328,900 | +1.1% | $90 / Sq Ft |
| 05/29/2017 05/29/17 | Pending | -- | -- | -- |
| 05/29/2017 05/29/17 | For Sale | $325,405 | -- | $89 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $5,504 | $552,560 | $100,000 | $452,560 |
| 2024 | $5,504 | $552,560 | $100,000 | $452,560 |
| 2023 | $4,340 | $355,700 | $60,000 | $295,700 |
| 2022 | $4,340 | $355,700 | $60,000 | $295,700 |
| 2021 | $4,340 | $355,700 | $60,000 | $295,700 |
| 2020 | $4,340 | $355,700 | $60,000 | $295,700 |
| 2019 | $3,956 | $324,240 | $35,000 | $289,240 |
| 2018 | $3,515 | $317,130 | $35,000 | $282,130 |
Source: Public Records
Agents Affiliated with this Home
-
Jerry Smith
-
V
Buyer's Agent in 2018
Venkat Pinnamaraju
Bipin Parekh Realty, LLC
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3335400
APN: 5537-03-0816-0000
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