NOT LISTED FOR SALE

553 Elizabeth Lee Ln Unit 517 Concord, NC 28027

Estimated Value: $700,000 - $885,585

4 Beds
3.5 Baths
3,161 Sq Ft
$259/Sq Ft Est. Value

Last Sold May 14, 2019

Last sale price $607,281 $192 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,033/month

2 Days on Market

Highlights

  • Under Construction
  • Deck
  • Transitional Architecture
  • Weddington Hills Elementary School Rated A-
  • Pond
  • Wood Flooring

About This Home

As of May 2019

This home is located at 553 Elizabeth Lee Ln Unit 517, Concord, NC 28027 since 01 October 2018 and is currently estimated at $818,396, approximately $258 per square foot. This property was built in 2019. 553 Elizabeth Lee Ln Unit 517 is a home located in Cabarrus County with nearby schools including Weddington Hills Elementary School, Harold E. Winkler Middle School, and Dogwood Classical Academy.

Last Agent to Sell the Property

William Niblock

Niblock Development Corp Brokerage Email: clittle@niblockhomes.com License #59006 Listed on: 10/01/2018

Last Buyer's Agent

William Niblock

Niblock Development Corp Brokerage Email: clittle@niblockhomes.com License #59006 Listed on: 10/01/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,744

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 0.32 Acre Lot
  • Property is zoned RV

Parking

  • 2 Car Garage
  • Basement Garage

Home Design

  • Transitional Architecture
  • Stone Siding

Interior Spaces

  • 1.5-Story Property
  • Wired For Data
  • Ceiling Fan
  • Insulated Windows
  • Great Room with Fireplace
  • Pull Down Stairs to Attic
  • Carbon Monoxide Detectors

Kitchen

  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Outdoor Features

  • Pond
  • Deck
  • Front Porch

Schools

  • Weddington Hills Elementary School
  • Northwest Cabarrus Middle School
  • Northwest Cabarrus High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5600-88-4111-0000

Community Details

Overview

  • Herman Mgmt Association
  • Built by Niblock Homes
  • Laurel Park Subdivision, Dunhill Floorplan
  • Property has a Home Owners Association

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,744

Year Built

Built in 2019 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2019
  • Proposed Completion Date: 2019-05-31
  • Road Surface Type: Concrete
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 192.12
  • Attribution Contact: clittle@niblockhomes.com
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Garden Tub
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2486
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 2486
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 513
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 2999
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 675
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Plumbed For Ice Maker, Tankless Water Heater
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 3161
  • Has Basement: Basement, Exterior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Great Room
  • Living Area: 3161
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Fiber Cement, Stone
  • Patio And Porch Features: Deck, Front Porch, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage, Garage Faces Side

Utilities

  • Heating: ENERGY STAR Qualified Equipment, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Main Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s)
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Pond, Recreation Area, Tennis Court(s)
  • Hoa Subject To Dues: Mandatory
  • Association Name: Herman Mgmt
  • Association: Yes

Schools

  • Middle Or Junior School: Northwest Cabarrus
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5600-88-4111-0000
  • Plat Book Slide: 51/27
  • Plat Reference Section Pages: 201
  • Development Status: Under Construction
  • Lot Size Acres: 0.32
  • Lot Size Sq Ft: 13939
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

Building Info

  • Builder Name: Niblock Homes

MLS Schools

  • Elementary School: Weddington Hills
  • High School: Northwest Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2018
Sold by
Niblock Homes Llc
Bought by
Davadi Jorge A and Davadi Glenda M
Current Estimated Value
$818,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,994
Outstanding Balance
$302,071
Interest Rate
4.9%
Mortgage Type
Construction
Estimated Equity
$516,325

Purchase Details

Closed on
Jan 1, 2013
Sold by
Niblock Development Corp
Bought by
Gibraltar Residential I Llc
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
Davadi Jorge A $90,000 None Available
Gibraltar Residential I Llc $1,242,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davadi Jorge A $448,994
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2019 05/14/19 Sold $607,281 +19.9% $192 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $506,494 -- $160 / 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
2025 $8,744 $877,900 $122,000 $755,900
2024 $8,744 $877,900 $122,000 $755,900
2023 $6,889 $564,700 $84,000 $480,700
2022 $6,889 $558,560 $84,000 $474,560
2021 $6,814 $558,560 $84,000 $474,560
2020 $6,814 $558,560 $84,000 $474,560
2019 $976 $80,000 $80,000 $0
2018 $960 $80,000 $80,000 $0
2017 $944 $80,000 $80,000 $0
2016 $560 $70,000 $70,000 $0
2015 $826 $70,000 $70,000 $0
2014 $826 $70,000 $70,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3502312

Canopy MLS (Canopy Realtor® Association)

APN: 5600-88-4111-0000