NOT LISTED FOR SALE

2508 Mill Wright Rd Concord, NC 28027

Estimated Value: $567,472 - $688,000

5 Beds
4 Baths
3,000 Sq Ft
$205/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2018

Last sale price $350,000 $117 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,832 / mo

About This Home

A beautiful like-new, built in 2014, 5B/4BA n still includes the builder warranty. 10yr strctrl wrrnty. Better than renting. A cozy lg covered frnt prch. spacious open flr plan, hardwood flrs. The gourmet ktchn island includ. quartz cntertps, draw out shlvs in cabinets, gas cooktp, bcksplsh, SS applncs w/oven/micro on the wall, adjacent to bar, walk-in pntry, & overlooking a casual brkfst area. Opens to inviting grt rm w/built-in surround systm. Fml DR, popular stdy/or prvt gst suite, or 2nd owner's suite on main. On the 2nd lvl, find a relaxing owner's suite by a spa-like bath w/huge walk in closet, sprt vanities &tub, 3BA/B or game rm/exercise rm complete the 2nd level. The 2nd flr laundry rm provides convenience & the lg loft gives the extr living space you desire. Designer selected upgrades throughout. Plentiful storage &sizable clsts throughout. 2 separate patios - scrned &Concrete. Terrific level fenced back yrd backs to trees for privacy &entertaining! Pool

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2018
Closed on
Dec 18, 2018
Sold by
Arthy Kumar Arun Shanmugan and Arthy Ramanmurthy
Bought by
Gaffney John M and Gaffney Stefanie A
Seller's Agent
Kajal Patel
Open Doors Realty LLC
Buyer's Agent
Marina Riggio
Coldwell Banker Realty
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$615,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,618
Avg. Annual Appreciation
7.94%
Original Mortgage
$315,000
Outstanding Balance
$274,275
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$341,343

Purchase Details

Closed on
Aug 27, 2014
Sold by
Parker & Orleans Homebuilders Inc
Bought by
Kumar Arun Shanmugam and Ramamurthy Arthy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,840
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gaffney John M $350,000 None Available
Kumar Arun Shanmugam $312,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaffney John M $315,000
Previous Owner Kumar Arun Shanmugam $280,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2018 12/21/18 Sold $350,000 0.0% $117 / Sq Ft View Prior Sale
11/17/2018 11/17/18 Pending -- -- --
11/13/2018 11/13/18 For Sale $350,000 0.0% $117 / Sq Ft
11/02/2018 11/02/18 Off Market $350,000 -- --
10/05/2018 10/05/18 Price Changed $350,000 -1.1% $117 / Sq Ft
09/08/2018 09/08/18 Price Changed $354,000 -2.7% $118 / Sq Ft
08/16/2018 08/16/18 Price Changed $364,000 -0.3% $121 / Sq Ft
08/16/2018 08/16/18 For Sale $365,000 +4.3% $122 / Sq Ft
08/14/2018 08/14/18 Off Market $350,000 -- --
08/03/2018 08/03/18 Price Changed $365,000 -1.3% $122 / Sq Ft
07/13/2018 07/13/18 Price Changed $369,990 -1.3% $123 / Sq Ft
06/20/2018 06/20/18 For Sale $375,000 +7.1% $125 / Sq Ft
06/19/2018 06/19/18 Off Market $350,000 -- --

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 $6,099 $537,130 $114,000 $423,130
2024 $6,099 $537,130 $114,000 $423,130
2023 $4,848 $353,890 $73,000 $280,890
2022 $4,848 $353,890 $73,000 $280,890
2021 $4,848 $353,890 $73,000 $280,890
2020 $4,848 $353,890 $73,000 $280,890
2019 $4,415 $322,250 $64,000 $258,250
2018 $4,350 $322,250 $64,000 $258,250
2017 $4,286 $322,250 $64,000 $258,250
2016 $4,206 $262,330 $38,000 $224,330
2015 -- $38,000 $38,000 $0
2014 -- $38,000 $38,000 $0
Source: Public Records

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