NOT LISTED FOR SALE

5173 Wheat Dr SW Concord, NC 28027

Estimated Value: $300,000 - $320,000

3 Beds
2 Baths
1,150 Sq Ft
$269/Sq Ft Est. Value

Last Sold September 29, 2021

Last sale price $291,000 $253 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,927/month

Highlights

  • Traditional Architecture
  • Attached Garage
  • Kitchen Island
  • Pitts School Road Elementary School Rated A-
  • Breakfast Bar
  • Vinyl Plank Flooring

About This Home

As of September 2021

Coming Soon Updated Ranch Home
Beautiful Ranch, 3bd 2ba, Freshly Painted, New A/C, Newer Roof, New LVP throughout, Cabinets Stained, Spacious Back yard with Shed, Fenced Yard. New Driveway. Available to view on 9/13/21.
Agent Owned

Last Agent to Sell the Property

Debra Palazzolo

Southern Homes of the Carolinas, Inc License #254943 Listed on: 09/08/2021

Last Buyer's Agent

George Kypreos

Keller Williams South Park License #313543

Keller Williams South Park

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 0.25

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Vinyl Siding

Kitchen

  • Breakfast Bar
  • Kitchen Island

Additional Features

  • Vinyl Plank Flooring
  • 2 Full Bathrooms
  • Crawl Space
  • Outbuilding
  • Level Lot

Listing and Financial Details

  • Assessor Parcel Number 5508-94-0658-0000

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.04301
  • Ratio Close Price By Original Li: 1.04301
  • Ratio Current Price By Acre: 1164000.00
  • Ratio Current Price By Sq Ft: 253.04
  • Year Built: 1998
  • 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), CO Detector, Cooktop Electric, Dishwasher, Disposal, Electric Range, Exhaust Hood, Microwave, Refrigerator
  • Flooring: Vinyl Plank
  • Interior Amenities: Breakfast Bar, Kitchen Island, Pantry, Vaulted Ceiling
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1150
  • Total Sq Ft: 1150

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Outbuilding

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 1 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 51x104x165x140
  • Lot Features: Level
  • Lot Size Area: 0.250
  • Parcel Number: 5508-94-0658-0000
  • Zoning Specification: RC

Tax Info

  • Tax Value: 151020.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2022
Sold by
Mile High Borrower 1 Income Llc
Bought by
Mile High Borrower 1 Income Llc
Current Estimated Value
$309,056

Purchase Details

Listed on
Sep 8, 2021
Closed on
Sep 29, 2021
Sold by
Palazzolo Giuseppe and Palazzolo Debra J
Bought by
Mile High Borrower 1 Llc
Seller's Agent
Debra Palazzolo
Southern Homes of the Carolinas, Inc
Buyer's Agent
George Kypreos
Keller Williams South Park
Sold Price
$291,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.34%

Purchase Details

Closed on
Oct 20, 2009
Sold by
Cenjebs Llc
Bought by
Palazzolo Giuseppe and Palazzolo Debra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 2009
Sold by
Lutes Martha Lee
Bought by
Cenjebs Llc and American Pension Services Inc

Purchase Details

Closed on
Oct 5, 2006
Sold by
Lutes Martha Lee
Bought by
Cenjebs Llc

Purchase Details

Closed on
May 30, 2002
Sold by
Taylor James F and Taylor Amanda G Michelle
Bought by
Lutes Martha Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
6.92%

Purchase Details

Closed on
Dec 4, 1998
Sold by
Cherry Homes Inc
Bought by
Taylor James F and Taylor Amanda G Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,802
Interest Rate
6.84%
Mortgage Type
FHA
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
Mile High Borrower 1 Income Llc -- Selene Title
Mile High Borrower 1 Llc $291,000 Meridian Title Co
Palazzolo Giuseppe $110,000 Meridian Title Company
Cenjebs Llc -- None Available
Cenjebs Llc $79,500 None Available
Lutes Martha Lee $106,000 --
Taylor James F $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palazzolo Giuseppe $50,000
Previous Owner Palazzolo Giuseppe $50,000
Previous Owner Lutes Martha Lee $78,827
Previous Owner Lutes Martha Lee $79,000
Previous Owner Taylor James F $10,000
Previous Owner Taylor James F $104,802
Previous Owner Taylor James F $104,802
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $291,000 +22284.6% $253 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
01/14/2019 01/14/19 Rented $1,300 0.0% --
12/03/2018 12/03/18 For Rent $1,300 -- --
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 $2,921 $293,230 $60,000 $233,230
2023 $2,219 $181,920 $40,000 $141,920
2022 $2,219 $151,020 $40,000 $111,020
2021 $1,842 $151,020 $40,000 $111,020
2020 $1,842 $151,020 $40,000 $111,020
2019 $1,442 $118,220 $25,000 $93,220
2018 $1,419 $118,220 $25,000 $93,220
2017 $1,395 $118,220 $25,000 $93,220
2016 $828 $110,650 $20,000 $90,650
2015 $1,306 $110,650 $20,000 $90,650
2014 $1,306 $110,650 $20,000 $90,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3777990

Canopy MLS (Canopy Realtor® Association)

APN: 5508-94-0658-0000