NOT LISTED FOR SALE

551 Railway Place SW Concord, NC 28025

Estimated Value: $241,000 - $252,000

2 Beds
2 Baths
982 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $157,000 $160 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,568/month

5 Days on Market

Highlights

  • Ranch Style House
  • J.N. Fries Middle School Rated A-
  • Tile Flooring

About This Home

As of May 2020

Sought after ranch style home in Cul-de-sac on oversized .37acres lot. Easy access to Hwy49/I485 just minutes from Harrisburg. Fresh interior paint. Covered front porch, outside utility room, deck in back yard great for relaxing with lots of privacy! New HVAC blower in attic installed 2019. Kitchen/Breakfast area open to living room with pantry/refrigerator/laminate wood floors. Spacious living room/hall ceramic tile floors. Walk in laundry room. Hall has linen closet and 3 additional closets. Plenty of storage. Hall full bath with linoleum floor. Nice size masterbed with carpet and master full bath with new linoleum floor. 2nd bedroom has pull down stairs leading to attic with some storage/new carpet.

Last Agent to Sell the Property

Wendy Measimer

RE/MAX Leading Edge License #218704 Listed on: 04/15/2020

RE/MAX Leading Edge

Last Buyer's Agent

Marilyn Alicea

Coldwell Banker Realty License #251693

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2002

Lot Details

  • 0.37

HOA Fees

  • $11 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Vinyl Siding

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Full Bathrooms

Attic

  • Pull Down Stairs to Attic

Community Details

  • Hiltz Management Association, Phone Number (704) 333-3355

Listing and Financial Details

  • Assessor Parcel Number 5529-65-3573-0000

Home Details

Home Type

Single Family

Year Built

Built in 2002

Lot Details

0

HOA Fees

$11 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.98186
  • Ratio Close Price By Original Li: 0.98186
  • Ratio Current Price By Acre: 424324.32
  • Ratio Current Price By Sq Ft: 159.88
  • Year Built: 2002
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Oven, Electric Range, Exhaust Hood, Refrigerator
  • Flooring: Carpet, Laminate Wood, Tile, Vinyl
  • H O A Management Phone: 704-333-3355
  • Interior Amenities: Attic Stairs Pulldown, Pantry
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Sq Ft Additional: 51
  • Main Level Sq Ft: 982
  • Total Sq Ft: 982

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway

Utilities

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

Condo/Co-op/Association

  • Association Fee: 33.25
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Hiltz Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Rocky River
  • Middle School: J.n. Fries
  • High School: Central Cabarrus

Lot Info

  • Lot Dimension: 49x80x87x82
  • Lot Features: Cul-de-sac Lot
  • Lot Size Area: 0.370
  • Parcel Number: 5529-65-3573-0000
  • Zoning Specification: RC

Tax Info

  • Tax Value: 121680.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
May 29, 2020
Sold by
Stalsby Randy Durant
Bought by
Malrero Belinda J
Seller's Agent
Wendy Measimer
RE/MAX Leading Edge
Buyer's Agent
Marilyn Alicea
Coldwell Banker Realty
List Price
$159,900
Sold Price
$157,000
Premium/Discount to List
-$2,900
-1.81%
Current Estimated Value
$248,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,658
Avg. Annual Appreciation
9.15%
Original Mortgage
$154,156
Outstanding Balance
$138,383
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$107,590

Purchase Details

Closed on
Sep 23, 2002
Sold by
Beazer Homes Corp
Bought by
Rumbo Jose M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,282
Interest Rate
6.19%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Malrero Belinda J $157,000 None Available
Rumbo Jose M $99,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malrero Belinda J $154,156
Previous Owner Rumbo Jose M $97,282
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $157,000 -1.8% $160 / Sq Ft
04/20/2020 04/20/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $159,900 -- $163 / 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 $2,204 $221,240 $65,000 $156,240
2023 $1,484 $121,680 $34,000 $87,680
2022 $1,484 $121,680 $34,000 $87,680
2021 $1,484 $121,680 $34,000 $87,680
2020 $1,484 $121,680 $34,000 $87,680
2019 $1,058 $86,720 $18,000 $68,720
2018 $1,041 $86,720 $18,000 $68,720
2017 $1,023 $86,720 $18,000 $68,720
2016 $607 $75,400 $18,000 $57,400
2015 $890 $75,400 $18,000 $57,400
2014 $890 $75,400 $18,000 $57,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3610070

Canopy MLS (Canopy Realtor® Association)

APN: 5529-65-3573-0000