NOT LISTED FOR SALE

5375 Rocky River Rd Concord, NC 28025

Estimated Value: $511,000 - $605,477

8.46 Acres
$66,134 Price per Acre
368,518 Sq Ft Lot

Last Sold July 29, 2020

Last sale price $279,000 $109 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $3,218/month

163 Days on Market

Highlights

  • Wooded Lot
  • Storage Room
  • Level Lot
  • J.N. Fries Middle School Rated A-
  • Home fronts a stream

About This Lot

As of July 2020

Great Location in Cabarrus County across the street from Rocky River Elementary School. There is a 2300 sq ft home on property being sold "AS IS". Property is ready for Developers and Investors. Already equipped with water and electrical access. This property is 8 acres of land featuring walking trails, sitting areas, and some wooded areas.

Last Agent to Sell the Property

Rachel Alles

Mark Spain Real Estate License #215156 Listed on: 01/17/2020

Mark Spain Real Estate

Co-Listed By

Ivory Joyner

Coldwell Banker Realty License #187022

Last Buyer's Agent

Michael King

Lantern Realty & Development, LLC License #287197

Lantern Realty & Development, LLC

Property Details

Property Type

  • Land

Lot Details

  • Home fronts a stream
  • Level Lot
  • Wooded Lot
  • Many Trees

Additional Features

  • Storage Room
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5528-43-5540-0000

Property Details

Property Type

Land

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Acreage
  • Ratio Close Price By List Price: 0.91475
  • Ratio Close Price By Original Li: 0.79714
  • Ratio Current Price By Acre: 32978.72
  • Restrictions: Manufactured Home Not Allowed
  • Habitable Residence Yn: Yes
  • Special Features: None

Exterior Features

  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, Storage Unit

Utilities

  • Sewer: Septic Installed
  • Water: Well Installed

Condo/Co-op/Association

  • Community Features: Street Lights

Lot Info

  • Lot Features: Level, Stream/Creek, Trees, Wooded
  • Parcel Number: 5528-43-5540-0000
  • Zoning Specification: LDR
  • Can Be Subdivided: Yes
  • Out Buildings Yn: Yes

Tax Info

  • Tax Value: 254580.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Jul 29, 2020
Sold by
Hoyle James A
Bought by
Skinner Justin A and Skinner Amanda
Seller's Agent
Rachel Alles
Mark Spain Real Estate
Buyer's Agent
Michael King
Lantern Realty & Development, LLC
List Price
$320,000
Sold Price
$279,000
Premium/Discount to List
-$41,000
-12.81%
Current Estimated Value
$559,492

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,492
Avg. Annual Appreciation
13.13%
Original Mortgage
$279,000
Outstanding Balance
$245,738
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$313,754

Purchase Details

Closed on
Oct 18, 2007
Sold by
Hoyle James A and Hoyle Chaonn K
Bought by
Hoyle James A and Hoyle Chaonn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.44%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Skinner Justin A $279,000 None Available
Hoyle James A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skinner Justin A $279,000
Previous Owner Hoyle James A $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2020 07/29/20 Sold $279,000 -8.5% $109 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
06/16/2020 06/16/20 Price Changed $305,000 -4.7% $119 / Sq Ft
06/01/2020 06/01/20 For Sale $320,000 +14.7% $125 / Sq Ft
05/31/2020 05/31/20 Off Market $279,000 -- --
05/08/2020 05/08/20 Price Changed $320,000 -2.7% $125 / Sq Ft
03/09/2020 03/09/20 Price Changed $329,000 -1.8% $128 / Sq Ft
02/19/2020 02/19/20 Price Changed $335,000 -4.3% $131 / Sq Ft
01/17/2020 01/17/20 For Sale $350,000 -- $136 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $3,297 $470,280 $256,780 $213,500
2024 $3,297 $470,280 $256,780 $213,500
2023 $2,619 $297,610 $165,080 $132,530
2022 $2,619 $297,610 $165,080 $132,530
2021 $2,619 $297,610 $165,080 $132,530
2020 $2,619 $297,610 $165,080 $132,530
2019 $2,240 $254,580 $132,980 $121,600
2018 $2,189 $254,580 $132,980 $121,600
2017 $2,037 $254,580 $132,980 $121,600
2016 $1,930 $251,620 $132,980 $118,640
2015 $1,907 $251,620 $132,980 $118,640
2014 $1,907 $251,620 $132,980 $118,640
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rachel Alles

    Mark Spain

    (704) 252-0597

    8 in this area

    117 Total Sales

    Rachel Alles
    Section Image

  • I

    Seller Co-Listing Agent in 2020

    Ivory Joyner

    Coldwell Banker Realty

    (704) 277-7965

    2 in this area

    31 Total Sales

    Ivory Joyner
    Section Image

  • M

    Buyer's Agent in 2020

    Michael King

    Lantern Realty & Development, LLC

    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3582605

Canopy MLS (Canopy Realtor® Association)

APN: 5528-43-5540-0000

North Carolina Cabarrus County Concord 28025

5375 Rocky River Rd, Concord, NC

Not Listed for Sale

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