NOT LISTED FOR SALE

240 Cabarrus Ave E Concord, NC 28025

Estimated Value: $267,297 - $294,000

3 Beds
2 Baths
1,184 Sq Ft
$236/Sq Ft Est. Value

About This Home

Please note, our homes are available on a first-come, first-serve basis and are not reserved until the holding fee agreement is signed and the holding fee is paid by the primary applicant.

This home features Progress Smart Home - Progress Residential's smart home app, which allows you to control the home securely from any of your devices. Learn more at

This home is priced to rent and won't be around for long. Apply now, while the current residents are preparing to move out, or call to arrange a meeting with your local Progress Residential leasing specialist today.

Interested in this home? You clearly have exceptional taste. Like all our homes, this one features: a great location in a desirable neighborhood, a comfortable layout with good-sized bedrooms and bathrooms, a great kitchen with plenty of counter and cabinet space, many updated and upgraded features, central HVAC and programmable thermostat, garage and a spacious yard, and it's pet friendly. Call or click to schedule a tour or submit your application online at today!

At Progress Residential® we're here to serve you and make your time in the home as convenient as possible. We offer: a safe and secure online portal where you can place maintenance requests and pay online, multiple payment options, 24/7 Emergency maintenance response team available even on weekends, and well-maintained homes with regular preventative maintenance. Utilities must be transferred into the resident’s name.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2021
Sold by
Progress Charlotte Llc
Bought by
Progress Residential Borrower 17 Llc
Current Estimated Value
$279,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,678,000
Outstanding Balance
$154,571,818
Interest Rate
2.12%
Estimated Equity
-$154,292,744

Purchase Details

Closed on
Mar 26, 2021
Sold by
Allen Gavin and Allen Erica
Bought by
Progress Charlotte Llc

Purchase Details

Closed on
Apr 4, 2017
Sold by
Gary W Laton Llc
Bought by
Allen Gavin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,190
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2017
Sold by
Tri Star Cabarrus Llc
Bought by
Gary W Laton Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,190
Interest Rate
4.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Progress Residential Borrower 17 Llc -- None Available
Progress Charlotte Llc $208,000 Investors Title Insurance Co
Allen Gavin C $130,000 None Available
Gary W Laton Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Progress Residential Borrower 17 Llc $365,678,000
Previous Owner Allen Gavin C $123,190
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Off Market $1,775 -- --
06/10/2025 06/10/25 For Rent $1,775 -- --

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 $2,397 $240,640 $46,800 $193,840
2024 $2,397 $240,640 $46,800 $193,840
2023 $1,768 $144,890 $51,750 $93,140
2022 $1,768 $144,890 $51,750 $93,140
2021 $1,768 $144,890 $51,750 $93,140
2020 $1,751 $143,540 $51,750 $91,790
2019 $1,447 $118,600 $16,740 $101,860
2018 $1,423 $118,600 $16,740 $101,860
2017 $744 $63,010 $16,740 $46,270
Source: Public Records

Map

North Carolina Cabarrus County Concord 28025

240 Cabarrus Ave E, Concord, NC

Not Listed for Sale

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