NOT LISTED FOR SALE

3240 Old Salisbury Concord Rd Concord, NC 28025

Estimated Value: $583,000 - $835,000

4 Beds
2 Baths
2,272 Sq Ft
$302/Sq Ft Est. Value

Last Sold June 22, 2023

Last sale price $530,000 $233 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,082/month

296 Days on Market

Highlights

  • Barn
  • Wooded Lot
  • Wood Flooring
  • 27.9 Acre Lot
  • Traditional Architecture
  • No HOA

About This Home

As of June 2023

What more could you want? 27.90 rolling and partially wooded acres! This is the perfect setting for this 4 bedroom, 2 bath mid-century brick ranch with a partially finished basement. Original hardwood floors and tile throughout, spacious formal and informal rooms, kitchen with granite countertops and a bright and inviting sunroom. You will find huge amounts of storage and a finished multi-purpose room in the basement. There is an oversized 2 car garage AND a detached 2 car garage/shop.. Also included is a 519 square foot building with a half bath and charming porch that has the potential to be a 2nd living quarters. A large 4 bay storage building, a potting shed and barn means there is something for everyone and room to spread out and enjoy country living. But, you are just minutes from I-85, Concord, Kannapolis and a quick commute to Charlotte. Come visit today!

Last Agent to Sell the Property

Lora Riddle

Howard Hanna Allen Tate Concord Brokerage Email: lora.riddle@allentate.com License #111786 Listed on: 06/23/2022

Howard Hanna Allen Tate Concord

Last Buyer's Agent

Paula Evans

Evans Realty and Associates License #205743

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,309

Year Built

  • Built in 1954

Lot Details

  • 27.9 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Property is zoned AO

Parking

  • 4 Car Garage
  • Workshop in Garage

Home Design

  • Traditional Architecture
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Wood Burning Fireplace
  • Laundry Room
  • Partially Finished Basement

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Shed

Schools

  • Royal Oaks Elementary School
  • Concord Middle School
  • Concord High School

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5642-06-0891-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,309

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1954
  • Second Living Quarters: Exterior Not Connected
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 233.27
  • Attribution Contact: lora.riddle@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Built-in Features
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1924
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 570
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 570
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Above Grade Finished Sq Ft: 1924
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 348
  • Fireplace Features: Den, Wood Burning
  • Living Area: 2272
  • Bedroom Main: 4
  • Room Count: 9
  • Sq Ft Other: 519
  • Bedroom Basement: 0

Exterior Features

  • Exterior Features: Other - See Remarks
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Full
  • Other Structures: Barn(s), Shed(s), Workshop
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 629
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Detached Garage, Garage Shop

Utilities

  • Heating: Electric, Forced Air
  • Sewer: Septic Installed
  • Laundry Features: In Garage
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Rolling Slope, Wooded
  • Lot Size Area: 27.9
  • Lot Size Units: Acres
  • Parcel Number: 5642-06-0891-0000
  • Lot Size Acres: 27.9
  • Lot Size Sq Ft: 1215324
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AO

MLS Schools

  • Elementary School: Royal Oaks
  • High School: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Jun 21, 2023
Sold by
Km Real Estate Holding Co Ltd
Bought by
Douglas Marika and Marchisio Susan Gail
Seller's Agent
Lora Riddle
Howard Hanna Allen Tate Concord
Buyer's Agent
Paula Evans
Evans Realty and Associates
List Price
$795,000
Sold Price
$530,000
Premium/Discount to List
-$265,000
-33.33%
Views
322
Current Estimated Value
$686,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,534
Avg. Annual Appreciation
11.91%
Original Mortgage
$493,000
Outstanding Balance
$479,721
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$206,813

Purchase Details

Closed on
Apr 3, 2023
Sold by
Vcp Capital Ventures 1 Llc
Bought by
Km Real Estate Holding Co Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,010
Interest Rate
6.5%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Mar 29, 2022
Closed on
Jun 14, 2022
Sold by
Randall Sides Perry and Melton Janice
Bought by
Vcp Capital Ventures 1 Llc
Seller's Agent
Lora Riddle
Howard Hanna Allen Tate Concord
Buyer's Agent
Lora Riddle
Howard Hanna Allen Tate Concord
List Price
$874,900
Sold Price
$834,900
Premium/Discount to List
-$40,000
-4.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.72%
Source: Public Records

Range of Values:

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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
Douglas Marika $530,000 None Listed On Document
Km Real Estate Holding Co Ltd $515,000 --
Vcp Capital Ventures 1 Llc $835,000 Costner Law Office Pllc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Douglas Marika $493,000
Previous Owner Km Real Estate Holding Co Ltd $139,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2023 06/22/23 Sold $530,000 -11.7% $233 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
03/03/2023 03/03/23 Price Changed $600,000 -4.0% $264 / Sq Ft
02/10/2023 02/10/23 Price Changed $625,000 -3.8% $275 / Sq Ft
09/16/2022 09/16/22 Price Changed $650,000 -6.5% $286 / Sq Ft
08/23/2022 08/23/22 Price Changed $695,000 -4.1% $306 / Sq Ft
08/11/2022 08/11/22 Price Changed $725,000 -3.3% $319 / Sq Ft
07/21/2022 07/21/22 Price Changed $750,000 -5.7% $330 / Sq Ft
06/23/2022 06/23/22 For Sale $795,000 -4.8% $350 / Sq Ft
06/16/2022 06/16/22 Sold $834,900 -4.6% $367 / Sq Ft View Prior Sale
03/29/2022 03/29/22 For Sale $874,900 -- $385 / 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
2025 $5,309 $809,350 $543,750 $265,600
2024 $5,318 $810,640 $543,750 $266,890
2023 $4,781 $583,020 $376,600 $206,420
2022 $4,781 $583,020 $376,600 $206,420
2021 $4,664 $583,020 $376,600 $206,420
2020 $4,664 $583,020 $376,600 $206,420
2019 $4,306 $538,220 $349,700 $188,520
2018 $4,061 $520,630 $349,700 $170,930
2017 $3,957 $520,630 $349,700 $170,930
2016 $3,957 $516,800 $349,700 $167,100
2015 $3,723 $522,300 $349,700 $172,600
2014 $3,723 $522,300 $349,700 $172,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3876271

Canopy MLS (Canopy Realtor® Association)

APN: 5642-06-0891-0000