NOT LISTED FOR SALE

307 Highland Ave SW Concord, NC 28027

Estimated Value: $127,000 - $223,000

2 Beds
1 Bath
666 Sq Ft
$240/Sq Ft Est. Value

Last Sold January 11, 2018

Last sale price $56,000 $84 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $989/month

128 Days on Market

Highlights

  • Cottage
  • Shed
  • Level Lot

About This Home

As of January 2018

Great investor or starter home opportunity! Cute, recently renovated (within 5 years) home that is currently occupied by a long-term tenant in desirable 28027 area code. The current rent is $500/month; however, the market supports up to $700. There are several new construction homes nearby that will help maintain value. Please do not disturb tenant. Home being sold AS-IS.

Last Listed By

Brandon Chase

Chase Real Estate License #249103 Listed on: 07/10/2017

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 9,148

Parking

  • Gravel Driveway

Home Design

  • Cottage

Additional Features

  • 1 Full Bathroom
  • Crawl Space
  • Shed
  • Level Lot
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5529-28-3684-0000

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cottage
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.93489
  • Ratio Close Price By Original Li: 0.86154
  • Ratio Current Price By Acre: 266666.67
  • Ratio Current Price By Sq Ft: 84.08
  • Year Built: 1948
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: Cable Prewire, Electric Range, Refrigerator, Electric Oven
  • Laundry Location: Kitchen
  • Room Count: 1
  • Main Level Sq Ft: 666
  • Total Sq Ft: 666
  • Sq Ft Unheated Main: 100
  • Sq Ft Unheated Total: 100

Exterior Features

  • Construction: Aluminum
  • Construction Type: Site Built
  • Exterior Features: Shed(s)
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Earth, Gravel
  • Parking: Driveway

Utilities

  • Heating: Gas Space Heater, Natural Gas, No A/C
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Wolf Meadow
  • Middle School: Harold E Winkler
  • High School: Jay M. Robinson

Lot Info

  • Lot Dimension: 60x150x60x150
  • Lot Features: Level
  • Lot Size Area: 0.210
  • Parcel Number: 5529-28-3684-0000
  • Plat Reference Section Pages: 253
  • Zoning: SFR
  • Zoning Specification: RV

Tax Info

  • Tax Value: 77660.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2017
Closed on
Jan 11, 2018
Sold by
New Life Development Llc
Bought by
Carolinas Finest Properties Llc
Seller's Agent
Brandon Chase
Chase Real Estate
Buyer's Agent
Non Member
Canopy Administration
List Price
$65,000
Sold Price
$56,000
Premium/Discount to List
-$9,000
-13.85%
Total Days on Market
128
Current Estimated Value
$159,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,821
Avg. Annual Appreciation
15.31%
Original Mortgage
$44,800
Outstanding Balance
$38,206
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$121,615

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
Carolinas Finest Properties Llc $56,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carolinas Finest Properties Llc $44,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2018 01/11/18 Sold $56,000 -13.8% $84 / Sq Ft
11/15/2017 11/15/17 Pending -- -- --
07/10/2017 07/10/17 For Sale $65,000 -- $98 / 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 $1,189 $119,380 $46,800 $72,580
2023 $803 $65,790 $27,500 $38,290
2022 $803 $65,790 $27,500 $38,290
2021 $803 $65,790 $27,500 $38,290
2020 $803 $65,790 $27,500 $38,290
2019 $625 $51,230 $17,500 $33,730
2018 $932 $77,660 $17,500 $60,160
Source: Public Records

Agents Affiliated with this Home

  • Brandon Chase

    Seller's Agent in 2018

    Brandon Chase

    Chase Real Estate

    (704) 305-4178

    19 in this area

    80 Total Sales

    Brandon Chase
    Section Image

  • N

    Buyer's Agent in 2018

    Non Member

    NC_CanopyMLS

See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3284537

Canopy MLS (Canopy Realtor® Association)

APN: 5529-28-3684-0000

North Carolina Cabarrus County Concord 28027

307 Highland Ave SW, Concord, NC

Homes for Sale in Concord, NC

This home is located at 307 Highland Ave SW, Concord, NC 28027 since 10 July 2017 and is currently estimated at $159,821, approximately $239 per square foot. This property was built in 1948. 307 Highland Ave SW is a home located in Cabarrus County with nearby schools including Wolf Meadow Elementary School, Branch Christian Academy, and Branch Christian Academy Concord.

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