NOT LISTED FOR SALE

3551 Cold Springs Rd E Concord, NC 28025

Estimated Value: $252,000 - $274,474

3 Beds
1 Bath
1,274 Sq Ft
$207/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $220,000 $173 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,483/month

21 Days on Market

Highlights

  • Ranch Style House
  • Front Porch
  • Central Heating
  • Wood Flooring
  • Laundry Room
  • Wood Burning Fireplace

About This Home

As of February 2022

Full brick ranch on a large flat lot in a great Cabarrus county location ! Close to Mt Pleasant, easy access to 49. Hardwoods in living room, and all three bedrooms. Open kitchen/dining area. HVAC only a couple years old. Nice and clean, ready to be lived in, but also a blank canvas for your personal touches !! Perfect starter home, or investment. Schedule your showing today !!

Last Agent to Sell the Property

Tim Harrell

Redwood Realty Group LLC License #223183 Listed on: 12/11/2021

Last Buyer's Agent

Angie Miller

Genesis Realty Company License #269703

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 0.46

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,274 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Electric Range
  • Laundry Room

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • A.T. Allen Elementary School
  • Mount Pleasant Middle School
  • Mount Pleasant High School

Utilities

  • Central Heating
  • Heat Pump System
  • Septic Tank

Additional Features

  • Front Porch
  • Zoning described as CR

Listing and Financial Details

  • Assessor Parcel Number 5569-47-1560-0000

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1970
  • Ratio Current Price By Acre: 478260.87
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Linoleum, Wood
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1274
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 0
  • Second Living Quarters Sq Ft: 0
  • Porch: Front
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Living Area: 1274
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Space - 4+

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Well

Schools

  • Middle Or Junior School: Mount Pleasant
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5569-47-1560-0000
  • Lot Size: 0
  • Zoning Description: CR

Tax Info

  • RATIO List Price By Tax Amount: 2.58547

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: A.T. Allen
  • High School: Mount Pleasant

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Feb 11, 2022
Sold by
Hammac and Richard
Bought by
Gassew Gary and Gassew Sara Nicole
Seller's Agent
Tim Harrell
Redwood Realty Group LLC
Buyer's Agent
Angie Miller
Genesis Realty Company
List Price
$229,900
Sold Price
$220,000
Premium/Discount to List
-$9,900
-4.31%
Current Estimated Value
$263,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,369
Avg. Annual Appreciation
4.68%
Original Mortgage
$225,060
Outstanding Balance
$210,094
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$53,275

Purchase Details

Closed on
Oct 13, 2011
Sold by
Hammac Rachel and Hammac Richard
Bought by
Hammac Rachel and Hammac Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2008
Sold by
Whitley James G and Whitley Diane
Bought by
Hammac Rachel

Purchase Details

Closed on
Aug 1, 1994
Bought by
Whitley James G and Wife Diane

Purchase Details

Closed on
Apr 1, 1989

Purchase Details

Closed on
Mar 1, 1987
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gassew Gary $220,000 Ruth H L
Hammac Rachel -- None Available
Hammac Rachel $65,080 None Available
Whitley James G $62,500 --
-- $45,000 --
-- $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gassew Gary $225,060
Previous Owner Hammac Rachel $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/11/2022 02/11/22 Sold $220,000 -4.3% $173 / Sq Ft
01/01/2022 01/01/22 Pending -- -- --
12/11/2021 12/11/21 For Sale $229,900 -- $180 / 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 $1,441 $210,110 $27,890 $182,220
2024 $1,441 $210,110 $27,890 $182,220
2023 $763 $88,920 $11,160 $77,760
2022 $763 $88,920 $11,160 $77,760
2021 $763 $88,920 $11,160 $77,760
2020 $763 $88,920 $11,160 $77,760
2019 $736 $85,800 $15,410 $70,390
2018 $706 $85,800 $15,410 $70,390
2017 $689 $85,800 $15,410 $70,390
2016 $689 $81,790 $15,410 $66,380
2015 -- $81,790 $15,410 $66,380
2014 -- $81,790 $15,410 $66,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3812852

Canopy MLS (Canopy Realtor® Association)

APN: 5569-47-1560-0000