Seller's Agent in 2023
Thomas Elrod
Keller Williams Ballantyne Area
(704) 228-6900
606 Total Sales
2368 Drake Mill Ln SW Concord, NC 28025
Estimated Value: $557,000 - $615,000
4
Beds
3.5
Baths
3,788
Sq Ft
$156/Sq Ft
Est. Value
Highlights
- Attached Garage
- Entrance Foyer
- Forced Air Heating and Cooling System
- Patriots Elementary School Rated A-
- Tile Flooring
About This Home
As of April 2023Beautiful and spacious corner-lot home located in peaceful and family friendly community. Tons of amenities to enjoy year round including pool with water park area, sand volleyball courts, easy walkability, fitness center, and large playground. Located south of Concord, this home has pristine curb appeal. Welcome in to a beautiful open floor plan with vinyl plank flooring throughout. Formal sitting area flows to dining which opens to family room, kitchen, and sunroom/breakfast nook. Entire home is flooded with natural light! Kitchen has oversized breakfast bar and side buffet area perfect for entertaining. Fully carpeted upstairs opens to loft space perfect for playroom. Oversized primary bedroom with cozy sitting nook perfect for relaxing. Dual walk in closets plus ensuite with dual sinks and large Roman standup shower make getting ready a joy. 3 additional bedrooms with two full baths. Tree lined backyard creates ultimate privacy. Truly a dream everywhere you look!
Last Agent to Sell the Property
Keller Williams Ballantyne Area License #268537 Listed on: 02/20/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,523
Year Built
- Built in 2017
Lot Details
- 0.27
HOA Fees
- $67 Monthly HOA Fees
Home Design
- Slab Foundation
- Stone Siding
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Entrance Foyer
- Family Room with Fireplace
Kitchen
- Oven
- Microwave
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- Attached Garage
- Driveway
Schools
- Patriots Elementary School
- C.C. Griffin Middle School
- Hickory Ridge High School
Additional Features
- Property is zoned PUD
- Forced Air Heating and Cooling System
Community Details
- Hawthorne Management Association, Phone Number (704) 377-0114
- The Mills At Rocky River Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 5537-04-2063-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2023
Closed on
Mar 28, 2023
Sold by
Kwatra Rohit and Kwatra Shruti
Bought by
Palanisamy Ranjitkumar and Prakasham Sandhiya Vaigai
Seller's Agent
Thomas Elrod
Keller Williams Ballantyne Area
Buyer's Agent
Jay Murugan
Jayam LLC
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Views
50
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,807
Avg. Annual Appreciation
4.27%
Original Mortgage
$481,500
Outstanding Balance
$466,929
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$126,282
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 |
|---|---|---|---|
| Palanisamy Ranjitkumar | $535,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Palanisamy Ranjitkumar | $481,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/06/2023 04/06/23 | Sold | $535,000 | -2.7% | $141 / Sq Ft |
| 02/23/2023 02/23/23 | Pending | -- | -- | -- |
| 02/20/2023 02/20/23 | For Sale | $550,000 | -- | $145 / 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 | $5,523 | $554,550 | $100,000 | $454,550 |
| 2024 | $5,523 | $554,550 | $100,000 | $454,550 |
| 2023 | $4,493 | $368,270 | $60,000 | $308,270 |
| 2022 | $4,489 | $367,930 | $60,000 | $307,930 |
| 2021 | $4,489 | $367,930 | $60,000 | $307,930 |
| 2020 | $4,489 | $367,930 | $60,000 | $307,930 |
| 2019 | $4,396 | $360,340 | $35,000 | $325,340 |
| 2018 | $2,881 | $240,050 | $35,000 | $205,050 |
Source: Public Records
Agents Affiliated with this Home
-
Thomas Elrod
-
Brian Boger
B
Seller Co-Listing Agent in 2023
Brian Boger
Keller Williams Ballantyne Area
(704) 779-2588
288 Total Sales
-
Jay Murugan
J
Buyer's Agent in 2023
Jay Murugan
Jayam LLC
(973) 216-8766
31 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4003221
APN: 5537-04-2063-0000
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