$50,000
SOLD NOV 8, 2022
0.15 Acre
$333,333 Price per Acre
6,534 Sq Ft Lot

Recently Sold

17% Below List Price

132 Days on Market

About This Lot

As of July 2024

Corner lot on Cabarrus Ave zoned RC in an Opportunity Zone! Lot is sutiable for single family residence or a small commercial space. Take advantage of the benefits of investing in an Opportunity Zone, in the Gateway to downtown Concord. Within walking distance to downtown Concord, shopping, resturants, bus stops and medical offices.

Last Agent to Sell the Property

Drew Maher

DM Properties & Associates License #278456 Listed on: 06/29/2022

Co-Listed By

Robin Price

DM Properties & Associates License #262166

Last Buyer's Agent

Robin Price

DM Properties & Associates License #262166

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,751

Lot Details

  • Corner Lot
  • Open Lot
  • Possible uses of the property include Commercial, Residential
  • Property is zoned RC, RC

Schools

  • Weddington Hills Elementary School
  • Concord Middle School
  • Concord High School

Utilities

  • Water Tap or Transfer Fee

Listing and Financial Details

  • Assessor Parcel Number 5620-65-3404-0000

Property Details

Property Type

Land

Est. Annual Taxes

$2,751

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 333333.33
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Commercial, Residential

Exterior Features

  • Tax Location: Concord
  • Wooded Acres: 0.00

Utilities

  • Sewer: Tap Fee Required
  • Water Source: Tap Fee Required

Schools

  • Middle Or Junior School: Concord
  • HOA Subject To: None

Lot Info

  • Lot Features: Corner Lot, Open Lot
  • Lot Size Area: 0.15
  • Lot Size Units: Acres
  • Parcel Number: 5620-65-3404-0000
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Cleared Acres: 0.15
  • Lot Size: 0.15
  • Zoning Description: RC
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 5.55556

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Weddington Hills
  • High School: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Jul 11, 2024
Sold by
Merriwether Julia Patricia and Merriwether Douglas
Bought by
Serabian Michael J
Seller's Agent
Saige Maxwell
Saige Real Estate
Buyer's Agent
Amy Gamble
Helen Adams Realty
List Price
$299,900
Sold Price
$262,500
Premium/Discount to List
-$37,400
-12.47%
Views
399
Current Estimated Value
$269,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,581
Avg. Annual Appreciation
2.11%
Original Mortgage
$183,750
Outstanding Balance
$182,370
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$85,947

Purchase Details

Listed on
Jun 29, 2022
Closed on
Nov 7, 2022
Sold by
Robertson Scott C and Robertson Ashleigh S
Bought by
Merriwether Julie Patricia
Seller's Agent
Drew Maher
DM Properties & Associates
Buyer's Agent
Robin Price
DM Properties & Associates
List Price
$60,000
Sold Price
$50,000
Premium/Discount to List
-$10,000
-16.67%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
168.33%

Purchase Details

Closed on
Jan 1, 1997
Bought by
Robertson Scott Campbell

Purchase Details

Closed on
Oct 1, 1987
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 $265,500 None Listed On Document
Warranty Deed $50,000 --
Warranty Deed $35,000 --
Warranty Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $183,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2024 07/12/24 Sold $262,500 -4.5% $219 / Sq Ft
04/12/2024 04/12/24 Price Changed $275,000 -6.7% $230 / Sq Ft
10/02/2023 10/02/23 Price Changed $294,900 -1.7% $247 / Sq Ft
08/25/2023 08/25/23 For Sale $299,900 +499.8% $251 / Sq Ft
11/08/2022 11/08/22 Sold $50,000 -9.1% --
09/21/2022 09/21/22 Price Changed $55,000 -8.3% --
06/29/2022 06/29/22 For Sale $60,000 -- --
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 $2,751 $276,190 $50,000 $226,190
2023 $121 $9,900 $9,900 $0
2022 $121 $9,900 $9,900 $0
2021 $121 $9,900 $9,900 $0
2020 $121 $9,900 $9,900 $0
2019 $74 $6,050 $6,050 $0
2018 $73 $6,050 $6,050 $0
2017 $71 $6,050 $6,050 $0
2016 $42 $7,150 $7,150 $0
2015 $84 $7,150 $7,150 $0
2014 $84 $7,150 $7,150 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3860506

Canopy MLS (Canopy Realtor® Association)

APN: 5620-65-3404-0000