NOT LISTED FOR SALE

2386 Drake Mill Ln SW Unit 531 Concord, NC 28025

Estimated Value: $576,000 - $605,000

5 Beds
3 Baths
3,345 Sq Ft
$176/Sq Ft Est. Value

Last Sold August 22, 2018

Last sale price $342,065 $102 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,558/month

Highlights

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

About This Home

As of August 2018

This home is located at 2386 Drake Mill Ln SW Unit 531, Concord, NC 28025 since 24 February 2018 and is currently estimated at $589,566, approximately $176 per square foot. This property was built in 2018. 2386 Drake Mill Ln SW Unit 531 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: 02/24/2018

Last Buyer's Agent

Leigh Brown

One Community Real Estate License #213785

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,362

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • 0.27

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
  • Pull Down Stairs to Attic
  • Electric Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Tile

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
  • 0.27 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 55370434000000

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

$5,362

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: 2018-08-24
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 102.26
  • Attribution Contact: jesmith@nvrinc.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Attic Stairs Pulldown, 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: 14
  • 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: Electric Dryer Hookup, 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: 0.274
  • Lot Size Units: Acres
  • Parcel Number: 55370434000000
  • Development Status: Under Construction
  • Lot Size Acres: 0.274
  • Lot Size Sq Ft: 11935
  • 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
Feb 24, 2018
Closed on
Aug 13, 2018
Sold by
Nvr Inc
Bought by
Lopez Carlos and Lopez Kristin
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Leigh Brown
One Community Real Estate
List Price
$341,395
Sold Price
$342,065
Premium/Discount to List
$670
0.2%
Current Estimated Value
$589,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,032
Avg. Annual Appreciation
7.97%
Original Mortgage
$273,652
Outstanding Balance
$237,656
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$351,910
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
Lopez Carlos $342,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Carlos $273,652
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2018 08/22/18 Sold $342,065 +0.2% $102 / Sq Ft
02/24/2018 02/24/18 Pending -- -- --
02/24/2018 02/24/18 For Sale $341,395 -- $102 / 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 $5,362 $538,380 $100,000 $438,380
2024 $5,362 $538,380 $100,000 $438,380
2023 $4,266 $349,640 $60,000 $289,640
2022 $4,266 $349,640 $60,000 $289,640
2021 $4,266 $349,640 $60,000 $289,640
2020 $4,266 $349,640 $60,000 $289,640
2019 $4,057 $332,500 $35,000 $297,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3395695

Canopy MLS (Canopy Realtor® Association)

APN: 5537-04-3400-0000