NOT LISTED FOR SALE

2373 Drake Mill Ln SW Unit 507 Concord, NC 28025

Estimated Value: $560,449 - $590,000

5 Beds
3 Baths
3,345 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 09, 2018

Last sale price $328,330 $98 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,505/month

Highlights

  • Fitness Center
  • Under Construction
  • Wood Flooring
  • Patriots Elementary School Rated A-
  • Clubhouse
  • Community Pool

About This Home

As of November 2018

This home is located at 2373 Drake Mill Ln SW Unit 507, Concord, NC 28025 since 25 June 2018 and is currently estimated at $580,112, approximately $173 per square foot. This property was built in 2018. 2373 Drake Mill Ln SW Unit 507 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: 06/25/2018

Last Buyer's Agent

Erika White

Coldwell Banker Realty License #174474

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,301

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • 0.26

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

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

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

Utilities

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

Additional Features

  • Patio
  • 0.26 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 55370401890000

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,301

Year Built

Built in 2018 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2018
  • Proposed Completion Date: 2018-11-07
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 98.16
  • Attribution Contact: jesmith@nvrinc.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Cable Prewire, Garden Tub, Kitchen Island, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1571
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 559
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 559
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1774
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Tankless Water Heater
  • Above Grade Finished Sq Ft: 3345
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas Log
  • Living Area: 3345
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 13
  • Sq Ft Other: 0

Exterior Features

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

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Upper Level
  • Security: Carbon Monoxide Detector(s)
  • 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: 0.262
  • Lot Size Units: Acres
  • Parcel Number: 55370401890000
  • Development Status: Under Construction
  • Lot Size Acres: 0.262
  • Lot Size Sq Ft: 11412
  • 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
Jun 25, 2018
Closed on
Oct 31, 2018
Sold by
Nvr Inc
Bought by
Howard Karena Kirk and Howard Maurice Donyuel
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Erika White
Coldwell Banker Realty
List Price
$323,950
Sold Price
$328,330
Premium/Discount to List
$4,380
1.35%
Current Estimated Value
$580,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,782
Avg. Annual Appreciation
8.63%
Original Mortgage
$311,913
Outstanding Balance
$273,704
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$306,408
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
Howard Karena Kirk $328,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howard Karena Kirk $311,913
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2018 11/09/18 Sold $328,330 +1.4% $98 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $323,950 -- $97 / 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 $5,301 $532,190 $100,000 $432,190
2024 $5,301 $532,190 $100,000 $432,190
2023 $4,271 $350,070 $60,000 $290,070
2022 $4,271 $350,070 $60,000 $290,070
2021 $4,271 $350,070 $60,000 $290,070
2020 $4,271 $350,070 $60,000 $290,070
2019 $4,062 $332,950 $35,000 $297,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3414865

Canopy MLS (Canopy Realtor® Association)

APN: 5537-04-0189-0000