NOT LISTED FOR SALE

3493 Farm Lake Dr SW Concord, NC 28027

Estimated Value: $283,000 - $322,860

3 Beds
2 Baths
1,140 Sq Ft
$272/Sq Ft Est. Value

Last Sold September 20, 2019

Last sale price $191,000 $168 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,967/month

5 Days on Market

Highlights

  • Fireplace
  • J.N. Fries Middle School Rated A-
  • Tile Flooring

About This Home

As of September 2019

This well maintained 3 bed 2 bath home is updated and move-in ready. Stainless steel appliances. Crown molding throughout. Covered back deck overlooks fenced in back yard. Storage unit in the back along with 700 sq ft detached garage - 110 and 220 volt outlets and epoxy floors. Quiet neighborhood that connects to Frank Liske Park.

Last Agent to Sell the Property

Ryan Gehris

USRealty.com, LLP License #273853 Listed on: 07/31/2019

Last Buyer's Agent

Paige Martin

EXP Realty LLC Ballantyne License #302046

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • 0.32

Parking

  • 2

Home Design

  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace
  • Crawl Space

Flooring

  • Laminate
  • Tile

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5519-82-7642-0000

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.97949
  • Ratio Close Price By Original Li: 0.97949
  • Ratio Current Price By Acre: 585889.57
  • Ratio Current Price By Sq Ft: 167.54
  • Year Built: 1988
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Convection Oven, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Electric Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Wood, Tile
  • Interior Amenities: Cable Available, Pantry
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1140
  • Total Sq Ft: 1140

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Driveway, Garage - 2 Car

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Wolf Meadow
  • Middle School: Harold E Winkler
  • High School: Central Cabarrus

Lot Info

  • Lot Dimension: 81x183x80x184
  • Lot Size Area: 0.326
  • Parcel Number: 5519-82-7642-0000
  • Zoning Specification: RM-2

Tax Info

  • Tax Value: 125810.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2019
Closed on
Sep 20, 2019
Sold by
Walker Wesley J and Walker Jessica R
Bought by
Duncan Christopher R and Duncan Charlotte
Seller's Agent
Ryan Gehris
USRealty.com, LLP
Buyer's Agent
Paige Martin
EXP Realty LLC Ballantyne
List Price
$195,000
Sold Price
$191,000
Premium/Discount to List
-$4,000
-2.05%
Current Estimated Value
$309,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,715
Avg. Annual Appreciation
8.74%
Original Mortgage
$152,800
Outstanding Balance
$135,582
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$178,660

Purchase Details

Closed on
Jul 8, 2016
Sold by
Knox Justin Wayne and Knox Carla Rushing
Bought by
Walker Wesley J and Walker Jessica R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 28, 2008
Sold by
Knox Justin Wayne and Knox Carla Rushing
Bought by
Knox Justin Wayne and Knox Carla Rushing

Purchase Details

Closed on
Jan 30, 2007
Sold by
Lazarus Kevin R and Lazarus Scarlett D
Bought by
Knox Justin Wayne and Rushing Carla Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 26, 2002
Sold by
Blackburn Howard Ray and Blackburn Rebecca Noreen
Bought by
Lazarus Kevin R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,994
Interest Rate
6.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 1999
Sold by
Ray Blackburn Howard and Ray Noreen Rebecca
Bought by
Balckburn Howard Ray and Blackburn Rebecca Noreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1997
Bought by
Blackburn Howard Ray

Purchase Details

Closed on
Jun 1, 1988
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
Duncan Christopher R $191,000 None Available
Walker Wesley J $125,000 None Available
Knox Justin Wayne -- None Available
Knox Justin Wayne $112,500 None Available
Lazarus Kevin R $103,000 --
Balckburn Howard Ray -- --
Blackburn Howard Ray $90,000 --
-- $66,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duncan Christopher R $152,800
Previous Owner Walker Wesley J $100,000
Previous Owner Knox Justin Wayne $40,000
Previous Owner Knox Justin W $85,350
Previous Owner Burleson Richard $8,000
Previous Owner Knox Justin Wayne $90,000
Previous Owner Lazarus Kevin R $101,994
Previous Owner Balckburn Howard Ray $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $191,000 -2.1% $168 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $195,000 -- $171 / 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 $3,355 $336,880 $66,000 $270,880
2023 $2,343 $192,020 $42,000 $150,020
2022 $2,322 $190,360 $42,000 $148,360
2021 $2,322 $190,360 $42,000 $148,360
2020 $2,322 $190,360 $42,000 $148,360
2019 $1,535 $125,810 $25,000 $100,810
2018 $1,510 $125,810 $25,000 $100,810
2017 $1,485 $125,810 $25,000 $100,810
2016 $734 $100,880 $25,000 $75,880
2015 $1,190 $100,880 $25,000 $75,880
2014 $1,190 $100,880 $25,000 $75,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3535177

Canopy MLS (Canopy Realtor® Association)

APN: 5519-82-7642-0000