$34,000
SOLD OCT 31, 2019

272 Broad Dr SW Concord, NC 28025

2 Beds
1 Bath
694 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$49 Per Sq Ft

38% Below List Price

38 Days on Market

About This Home

As of March 2022

Great Investment Opportunity! Cash flowing producing tenant. This spacious 2 bedroom traditional Concord home is close to downtown Concord. Minutes from trendy shops, breweries and social events. There is a screened in front porch and private backyard. Tenant is paying $595 for rents and has a signed lease through 10/1/2020.

Last Agent to Sell the Property

Michael Bowman

Carolina Residential Group LLC License #271936 Listed on: 09/13/2019

Last Buyer's Agent

Kim Byrd

Byrd Nest Realty License #190224

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Home Design

  • Vinyl Siding

Additional Features

  • 1 Full Bathroom
  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 5630-04-1852-0000

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.61931
  • Ratio Close Price By Original Li: 0.61931
  • Ratio Current Price By Acre: 188888.89
  • Ratio Current Price By Sq Ft: 48.99
  • Year Built: 1930
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Exhaust Hood
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 694
  • Total Sq Ft: 694

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth
  • Parking: Driveway

Utilities

  • Heating: Window Unit
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Size Area: 0.180
  • Parcel Number: 5630-04-1852-0000
  • Zoning Specification: RC

Tax Info

  • Tax Value: 22810.00
  • Tax Location: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2021
Sold by
The Den Properties Llc
Bought by
Build 4 Value Llc
Current Estimated Value
$185,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Outstanding Balance
$101,138
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$83,715

Purchase Details

Listed on
Sep 13, 2019
Closed on
Oct 31, 2019
Sold by
Queen City Home Buying Llc
Bought by
The Den Properties Llc
Seller's Agent
Michael Bowman
Carolina Residential Group LLC
Buyer's Agent
Kim Byrd
Byrd Nest Realty
List Price
$54,900
Sold Price
$34,000
Premium/Discount to List
-$20,900
-38.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.44%
Original Mortgage
$50,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 13, 2019
Closed on
Sep 4, 2019
Sold by
Roas Steven D and Roas Teresa N
Bought by
Queen City Homes Buying Llc
Seller's Agent
Michael Bowman
Carolina Residential Group LLC
Buyer's Agent
Kim Byrd
Byrd Nest Realty
List Price
$54,900
Sold Price
$34,000
Premium/Discount to List
-$20,900
-38.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1995
Bought by
Ross Steven D and Ross Wife

Purchase Details

Closed on
Jun 1, 1991
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $56,000 None Available
Warranty Deed $34,000 None Available
Warranty Deed $30,000 None Available
Warranty Deed $18,500 --
Warranty Deed $16,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $110,000 Purchase Money Mortgage
Previous Owner $50,000 Purchase Money Mortgage
Previous Owner $15,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $165,000 0.0% $219 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $165,000 +385.3% $219 / Sq Ft
10/31/2019 10/31/19 Sold $34,000 -38.1% $49 / Sq Ft
10/21/2019 10/21/19 Pending -- -- --
10/10/2019 10/10/19 For Sale $54,900 0.0% $79 / Sq Ft
10/01/2019 10/01/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $54,900 -- $79 / 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
2024 $1,689 $169,570 $50,000 $119,570
2023 $914 $74,890 $10,000 $64,890
2022 $509 $34,840 $5,000 $29,840
2021 $425 $34,840 $5,000 $29,840
2020 $425 $34,840 $5,000 $29,840
2019 $278 $22,810 $5,000 $17,810
2018 $274 $22,810 $5,000 $17,810
2017 $269 $22,810 $5,000 $17,810
2016 $160 $21,110 $5,000 $16,110
2015 $348 $21,110 $5,000 $16,110
2014 $348 $21,110 $5,000 $16,110
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3549959

Canopy MLS (Canopy Realtor® Association)

APN: 5630-04-1852-0000