NOT LISTED FOR SALE

2875 Watercrest Dr NW Concord, NC 28027

Estimated Value: $395,000 - $420,000

4 Beds
2.5 Baths
2,311 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 28, 2021

Last sale price $370,000 $160 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,543/month

5 Days on Market

Highlights

  • Garden Bath
  • Kitchen Island
  • Gas Log Fireplace
  • Tile Flooring

About This Home

As of October 2021

Lovely 2 story home with many great features such as wood flooring throughout the main floor. Spacious family room with log fireplace an built ins. The kitchen features granite countertops with 36 inch white cabinetry and stainless appliances. Enter into primary bedroom with double doors that feature his and her closets with garden tub and separate shower with double sinks in the primary bathroom. The bonus room can double as a bedroom or you can use for entertaining. The roof is 2 years old. This one won't last long!

Last Agent to Sell the Property

Arica Rucker

CENTURY 21 Rucker Real Estate License #77376 Listed on: 09/24/2021

Last Buyer's Agent

Bill Esterline

K Leed Real Estate LLC License #238300

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 10,019

Parking

  • 2

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Gas Log Fireplace
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Garden Bath

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4599-74-1116-0000

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 1.08824
  • Ratio Close Price By Original Li: 1.08824
  • Ratio Current Price By Acre: 1608695.65
  • Ratio Current Price By Sq Ft: 160.10
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1325
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Electric Dryer Hookup, Electric Range, Exhaust Fan, Ice Maker Connection, Microwave
  • Fireplace Description: FAMILYRM, Gas Logs
  • Fireplace: Yes
  • Flooring: Laminate Wood, Tile
  • Interior Amenities: Attic Stairs Pulldown, Cable Available, Garden Tub, Kitchen Island, Pantry, Vaulted Ceiling
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 986
  • Total Sq Ft: 2311

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

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

Lot Info

  • Lot Size Area: 0.230
  • Parcel Number: 4599-74-1116-0000
  • Zoning Specification: RC

Tax Info

  • Tax Value: 237130.00
  • Tax Location: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Sfr Javelin Borrower Lp and 2024-1 Ih Borrower Lp
Bought by
2024-1 Ih Borrower Lp
Current Estimated Value
$409,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$891,909,000
Outstanding Balance
$883,270,122
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
-$882,865,173

Purchase Details

Listed on
Sep 24, 2021
Closed on
Oct 27, 2021
Sold by
Graham Ranasha
Bought by
Sfr Javelin Borrower Lp
Seller's Agent
Arica Rucker
CENTURY 21 Rucker Real Estate
Buyer's Agent
Bill Esterline
K Leed Real Estate LLC
List Price
$340,000
Sold Price
$370,000
Premium/Discount to List
$30,000
8.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.38%

Purchase Details

Closed on
Aug 21, 2012
Sold by
Federal National Mortgage Association
Bought by
Graham Ranasha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,345
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 20, 2012
Sold by
Smith Antoine
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 3, 2007
Sold by
Beckwith Homes Corp
Bought by
Smith Antoine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,072
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
2024-1 Ih Borrower Lp -- None Listed On Document
2024-1 Ih Borrower Lp -- None Listed On Document
Sfr Javelin Borrower Lp $370,000 Investors Title Ins Agcy
Graham Ranasha -- None Available
Federal National Mortgage Association $280,600 None Available
Smith Antoine $207,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2024-1 Ih Borrower Lp $891,909,000
Closed 2024-1 Ih Borrower Lp $891,909,000
Previous Owner Graham Ranasha $136,345
Previous Owner Smith Antoine $197,072
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2021 10/28/21 Sold $370,000 +8.8% $160 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $340,000 -- $147 / 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 $3,740 $375,480 $70,000 $305,480
2023 $3,303 $270,750 $50,000 $220,750
2022 $3,303 $237,130 $50,000 $187,130
2021 $2,893 $237,130 $50,000 $187,130
2020 $2,893 $237,130 $50,000 $187,130
2019 $2,439 $199,880 $30,000 $169,880
2018 $2,399 $199,880 $30,000 $169,880
2017 $2,359 $199,880 $30,000 $169,880
2016 $1,399 $160,340 $25,000 $135,340
2015 $1,892 $160,340 $25,000 $135,340
2014 $1,892 $160,340 $25,000 $135,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3789712

Canopy MLS (Canopy Realtor® Association)

APN: 4599-74-1116-0000