NOT LISTED FOR SALE

554 Old Speedway Dr NW Concord, NC 28027

Estimated Value: $603,000 - $713,000

3 Beds
2.5 Baths
2,783 Sq Ft
$231/Sq Ft Est. Value

Last Sold November 19, 2018

Last sale price $430,000 $155 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,940/month

28 Days on Market

Highlights

  • Open Floorplan
  • Pond
  • Lawn
  • Weddington Hills Elementary School Rated A-
  • Wood Flooring
  • Community Pool

About This Home

As of November 2018

Beautiful Craftsman home in Laurel Park. This was a former Niblock model home and still looks like one! The landscaping is gorgeous with a covered front porch, side porch and two patio sitting areas. The outdoor living spaces are amazing. Fenced yard with full irrigation! You don't want to miss this one!

Last Agent to Sell the Property

Aubie cook

EXP Realty LLC Brokerage Email: aubiecook@gmail.com License #218255 Listed on: 08/31/2018

EXP Realty LLC

Last Buyer's Agent

Cecilia Ferrari

Lantern Realty & Development, LLC License #222272

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,165

Year Built

  • Built in 2015

Lot Details

  • 0.31 Acre Lot
  • Fenced
  • Irrigation
  • Lawn
  • Property is zoned RV

HOA Fees

  • $45 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Cottage
  • Slab Foundation
  • Stone Siding
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Tray Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Great Room with Fireplace
  • Walk-In Attic

Kitchen

  • Walk-In Pantry
  • Built-In Double Oven
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Outdoor Features

  • Pond
  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 5600-87-5429-0000

Community Details

Overview

  • Herman Mgmt Association, Phone Number (800) 732-9695
  • Built by Niblock Homes
  • Laurel Park Subdivision
  • Mandatory home owners association

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,165

Year Built

Built in 2015

Lot Details

0

HOA Fees

$45 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 2015
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 154.51
  • Attribution Contact: aubiecook@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk In, Cable Prewire, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling(s), Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1839
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 438
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 438
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 944
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Wall Oven
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 2783
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Great Room
  • Living Area: 2783
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1

Exterior Features

  • Exterior Features: In-Ground Irrigation, Lawn Maintenance
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Fenced
  • Construction Type: Hardboard Siding, Shingle/Shake, Stone
  • Patio And Porch Features: Covered, Patio, Side Porch

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Pond, Recreation Area, Tennis Court(s)
  • Association Fee: 267
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Herman Mgmt
  • Phone: 800-732-9695
  • Association: Yes
  • ResoAssociationFeeFrequency: SemiAnnually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5600-87-5429-0000
  • Development Status: Completed
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13503
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

Building Info

  • Builder Name: Niblock Homes

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2018
Closed on
Nov 19, 2018
Sold by
Kump Sarah Beth and Sarah Beth Kump Trust
Bought by
Shoaf Robert L and Shoaf Elizabeth M
Seller's Agent
Aubie cook
EXP Realty LLC
Buyer's Agent
Cecilia Ferrari
Lantern Realty & Development, LLC
List Price
$475,000
Sold Price
$430,000
Premium/Discount to List
-$45,000
-9.47%
Current Estimated Value
$642,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,840
Avg. Annual Appreciation
5.96%
Original Mortgage
$230,000
Outstanding Balance
$144,882
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$497,958

Purchase Details

Closed on
Jan 13, 2017
Sold by
Kump Sarah Beth
Bought by
Kump Sarah Beth and The Sarah Beth Kump Trust

Purchase Details

Closed on
Oct 13, 2016
Sold by
Niblock Homes Llc
Bought by
Kump Sarah Beth

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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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
Shoaf Robert L $430,000 Morehead Title Co
Kump Sarah Beth -- None Available
Kump Sarah Beth $419,500 None Available
Gibraltar Residential I Llc $1,242,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shoaf Robert L $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2018 11/19/18 Sold $430,000 -4.4% $155 / Sq Ft
09/28/2018 09/28/18 Pending -- -- --
09/25/2018 09/25/18 Price Changed $450,000 -5.3% $162 / Sq Ft
08/31/2018 08/31/18 For Sale $475,000 -- $171 / 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 $6,165 $618,930 $122,000 $496,930
2024 $6,165 $618,930 $122,000 $496,930
2023 $5,195 $425,820 $84,000 $341,820
2022 $5,195 $425,820 $84,000 $341,820
2021 $5,195 $425,820 $84,000 $341,820
2020 $5,195 $425,820 $84,000 $341,820
2019 $4,680 $383,580 $80,000 $303,580
2018 $4,603 $383,580 $80,000 $303,580
2017 $4,461 $378,020 $80,000 $298,020
2016 $1,705 $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: 3430426

Canopy MLS (Canopy Realtor® Association)

APN: 5600-87-5429-0000