$191,850
SOLD MAR 12, 2020

551 Sylvan St SW Concord, NC 28025

3 Beds
2 Baths
1,320 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • New Construction
  • R Brown Mcallister STEMElementary Rated A-
  • Vinyl Plank Flooring

About This Home

As of March 2020

Do not miss this quality custom home built by Gulledge Classic Homes Inc., featuring abundant upgrades in an affordable package! At the heart of this open floor plan is the kitchen with its granite counters, custom maple cabinets, luxury vinyl plank flooring, nice pantry and stainless steel appliances (including fridge & built-in microwave). The master suite has two walk-in closets, plus handsome granite counters, vinyl plank flooring and attractive fixtures in the bath. 30-year architectural shingles; over-sized driveway; large floored attic area. Very convenient to Historic Downtown Concord; great Cabarrus County Schools.

Last Agent to Sell the Property

Glen Tucker

RE/MAX Leading Edge License #220989 Listed on: 02/25/2020

RE/MAX Leading Edge

Last Buyer's Agent

Rich Scola

ALOCS LLC License #252318

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Home Design

  • Slab Foundation
  • Vinyl Siding

Attic

  • Pull Down Stairs to Attic

Additional Features

  • Vinyl Plank Flooring
  • 2 Full Bathrooms

Community Details

  • Built by Gulledge Classic Homes Inc

Listing and Financial Details

  • Assessor Parcel Number 56301167290000

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98460
  • Ratio Close Price By Original Li: 0.98460
  • Ratio Current Price By Acre: 799375.00
  • Ratio Current Price By Sq Ft: 145.34
  • Year Built: 2020
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dishwasher, Electric Dryer Hookup, Electric Range, Ice Maker Connection, Microwave, Electric Oven
  • Flooring: Carpet, Vinyl Plank
  • Interior Amenities: Attic Stairs Pulldown
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1320
  • Total Sq Ft: 1320

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Parking Space - 2

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: R Brown McAllister
  • Middle School: Concord
  • High School: Concord

Lot Info

  • Lot Size Area: 0.240
  • Parcel Number: 56301167290000
  • Zoning Specification: RV

Building Info

  • Builder Name: Gulledge Classic Homes Inc

Tax Info

  • Tax Value: 100100.00
  • Tax Location: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2020
Sold by
Sfr Jv 1 Property Llc
Bought by
Sfr Jv 1 2020 1 Borrower Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$601,428,000
Outstanding Balance
$536,859,578
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$536,536,823

Purchase Details

Listed on
Apr 8, 2020
Closed on
Mar 12, 2020
Sold by
Gulledge Classic Homes Inc
Bought by
Sfr Jv 1 Property Llc
Seller's Agent
Jenny Loretto
TAH North Carolina LLC
Buyer's Agent
Maureen Roberge
LKNHomes.com Inc
Sold Price
$1,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Os National Llc
Warranty Deed $192,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $601,428,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $229,000 0.0% $172 / Sq Ft
04/30/2020 04/30/20 Rented $1,339 0.0% --
04/16/2020 04/16/20 Price Changed $1,339 -0.7% $1 / Sq Ft
04/08/2020 04/08/20 For Rent $1,349 0.0% --
03/12/2020 03/12/20 Sold $191,850 -1.5% $145 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/25/2020 02/25/20 For Sale $194,850 -- $148 / 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 $3,283 $329,660 $80,000 $249,660
2023 $2,258 $185,110 $37,000 $148,110
2022 $2,258 $185,110 $37,000 $148,110
2021 $2,258 $185,110 $37,000 $148,110
2020 $1,221 $100,100 $37,000 $63,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3595788

Canopy MLS (Canopy Realtor® Association)

APN: 5630-11-6775-0000