NOT LISTED FOR SALE

559 Elizabeth Lee Ln Unit 518 Concord, NC 28027

Estimated Value: $712,000 - $893,000

5 Beds
4 Baths
3,325 Sq Ft
$243/Sq Ft Est. Value

Last Sold December 14, 2018

Last sale price $576,049 $173 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,932/month

4 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Transitional Architecture
  • Weddington Hills Elementary School Rated A-
  • Pond
  • Wood Flooring

About This Home

As of December 2018

This beautiful home features five bedrooms, four baths, flex room and dining areas. The family room is open to a large gourmet kitchen and breakfast area. Also featured is a bedroom/bonus on the first floor off the kitchen. A luxury master suite and bath are located on the second level. Full unfinished basement offers lots of room to grow.

Last Agent to Sell the Property

William Niblock

Niblock Development Corp Brokerage Email: clittle@niblockhomes.com License #59006 Listed on: 03/25/2018

Last Buyer's Agent

Pam Lambert

Lantern Realty & Development, LLC License #216222

Lantern Realty & Development, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,196

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.32 Acre Lot
  • Property is zoned RV

Parking

  • 3 Car Garage
  • Basement Garage

Home Design

  • Transitional Architecture
  • Stone Siding
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Wired For Data
  • Ceiling Fan
  • Insulated Windows
  • Great Room with Fireplace
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Carbon Monoxide Detectors

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Garden Bath

Laundry

  • Laundry on upper level
  • Electric Dryer Hookup

Outdoor Features

  • Pond
  • Deck

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 5600-88-3110

Community Details

Overview

  • Herman Mgmt Association
  • Built by Niblock Homes
  • Laurel Park Subdivision, Arlington 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

$8,196

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2018
  • Proposed Completion Date: 2016-10-31
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 173.25
  • 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: 1614
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 3325
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 771
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 4096
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1711
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 3325
  • Has Basement: Basement
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Great Room
  • Living Area: 3325
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1

Exterior Features

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

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage, Garage Faces Side

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Upper 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: 5600-88-3110
  • Plat Book Slide: 51/26
  • Plat Reference Section Pages: 201
  • Development Status: Completed
  • Lot Size Acres: 0.321
  • Lot Size Sq Ft: 13982
  • 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

Listed on
Mar 25, 2018
Closed on
Dec 14, 2018
Sold by
Niblock Homes Llc
Bought by
Varadharaj Saradhadevi Srikanth and Vedamoorthy Srikanth
Seller's Agent
William Niblock
Niblock Development Corp
Buyer's Agent
Pam Lambert
Lantern Realty & Development, LLC
List Price
$576,049
Sold Price
$576,049
Current Estimated Value
$807,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,769
Avg. Annual Appreciation
5.05%
Original Mortgage
$453,100
Outstanding Balance
$399,191
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$408,627

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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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
Varadharaj Saradhadevi Srikanth $576,500 None Available
Gibraltar Residential I Llc $1,242,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varadharaj Saradhadevi Srikanth $453,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/14/2018 12/14/18 Sold $576,049 0.0% $173 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
12/07/2018 12/07/18 For Sale $576,049 -- $173 / 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 $8,196 $822,910 $122,000 $700,910
2024 $8,196 $822,910 $122,000 $700,910
2023 $7,153 $586,290 $84,000 $502,290
2022 $7,153 $586,290 $84,000 $502,290
2021 $7,153 $586,290 $84,000 $502,290
2020 $6,375 $522,570 $84,000 $438,570
2019 $5,505 $451,200 $80,000 $371,200
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: 3458298

Canopy MLS (Canopy Realtor® Association)

APN: 5600-88-3110-0000