48 Spring St NW Concord, NC 28025
Downtown Concord NeighborhoodEstimated Value: $498,749
4
Beds
3
Baths
2,713
Sq Ft
$184/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Breakfast Bar
- Gas Log Fireplace
- Coltrane-Webb Elementary School Rated A-
- Garden Bath
- 3-minute walk to Coltrane-Webb Playground
About This Home
As of September 2019Historic Charmer one-block off of North Union St. Directly across from the Old Courthouse Theater. This stately home was built in 1940 and is known as the Prewitt house. There are some updates needed but the house is priced with this in mind. Walk to shops, businesses and restaurants in Concord. Only 30 min commute to downtown Charlotte. Elementary STEM School, middle and high schools have IB programs.
Priced well below tax value! which is $347,000
Home Details
Home Type
- Single Family
Year Built
- Built in 1940
Lot Details
- 0.33
Interior Spaces
- Gas Log Fireplace
Kitchen
- Breakfast Bar
- Oven
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 3 Full Bathrooms
- Garden Bath
Listing and Financial Details
- Assessor Parcel Number 5620-88-0265-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2019
Closed on
Sep 9, 2019
Sold by
Monday Sara E
Bought by
Laforest Benjamin
Seller's Agent
Romei Smitherman
The Heirloom Group, Inc.
Buyer's Agent
Romei Smitherman
The Heirloom Group, Inc.
List Price
$324,900
Sold Price
$290,000
Premium/Discount to List
-$34,900
-10.74%
Total Days on Market
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,749
Avg. Annual Appreciation
10.04%
Original Mortgage
$284,747
Outstanding Balance
$253,402
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$245,347
Purchase Details
Closed on
Sep 15, 2017
Sold by
Monday Sara E and Brandon Sara M
Bought by
Monday Sara E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,500
Interest Rate
3.93%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 28, 2001
Sold by
Coile Raymond T and Coile Martha A
Bought by
Brandon Sara M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,100
Interest Rate
6%
Purchase Details
Closed on
Jan 1, 1984
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Similar Homes in Concord, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Laforest Benjamin | $290,000 | None Available | |
| Monday Sara E | -- | None Available | |
| Brandon Sara M | $284,000 | -- | |
| -- | $93,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Laforest Benjamin | $39,199 | |
| Open | Laforest Benjamin | $284,747 | |
| Previous Owner | Monday Sara E | $215,500 | |
| Previous Owner | Brandon Sara M | $221,250 | |
| Previous Owner | Brandon Sara M | $44,250 | |
| Previous Owner | Brandon Sara M | $28,000 | |
| Previous Owner | Brandon Sara M | $227,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2019 09/20/19 | Sold | $290,000 | -3.0% | $107 / Sq Ft |
| 06/23/2019 06/23/19 | Pending | -- | -- | -- |
| 06/22/2019 06/22/19 | Price Changed | $299,000 | -2.0% | $110 / Sq Ft |
| 05/23/2019 05/23/19 | Price Changed | $305,000 | -6.1% | $112 / Sq Ft |
| 05/17/2019 05/17/19 | For Sale | $324,900 | -- | $120 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $4,367 | $438,480 | $132,300 | $306,180 |
| 2023 | $3,538 | $290,040 | $90,000 | $200,040 |
| 2022 | $3,538 | $290,040 | $90,000 | $200,040 |
| 2021 | $3,538 | $290,040 | $90,000 | $200,040 |
| 2020 | $3,538 | $290,040 | $90,000 | $200,040 |
| 2019 | $4,225 | $346,270 | $50,000 | $296,270 |
| 2018 | $4,155 | $346,270 | $50,000 | $296,270 |
| 2017 | $4,086 | $346,270 | $50,000 | $296,270 |
| 2016 | $2,424 | $336,610 | $50,000 | $286,610 |
| 2015 | $3,972 | $336,610 | $50,000 | $286,610 |
| 2014 | $3,972 | $336,610 | $50,000 | $286,610 |
Source: Public Records
Agents Affiliated with this Home
-
Romei Smitherman
Seller's Agent in 2019
Romei Smitherman
The Heirloom Group, Inc.
(828) 302-1803
1 in this area
47 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3508890
APN: 5620-88-0265-0000
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