NOT LISTED FOR SALE

623 Lorain Ave NW Concord, NC 28027

Estimated Value: $546,000 - $583,000

5 Beds
3 Baths
2,802 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $450,000 $161 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,420/month

1 Day on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Community Pool
  • Cox Mill Elementary School Rated A
  • Private Lot
  • Tennis Courts

About This Home

As of August 2021

One owner home that features an open layout and is ready for your finishing touches. Two story foyer that fills up the home with light. Guest suite and full bath on the main level. Kitchen has center island and ample cabinet space. HVAC split systems replaced with Carrier units in 2016. Spacious rooms including a massive bonus space upstairs! Full irrigation system to water all the beautiful plantings. Established community that features a community pool, playground, tennis courts, walking trails and green spaces close to I-85, Golf, Concord Mills, shops, parks and more. Sought after Cabarrus county schools!

Last Agent to Sell the Property

Mike Hege MRE

Pridemore Properties LLC License #247891 Listed on: 07/09/2021

Co-Listed By

Mike Hege

COMPASS License #247891

Last Buyer's Agent

Jeannie Lytton

Realty Dynamics Inc. License #205837

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Private Lot

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Open Floorplan
  • Gas Log Fireplace
  • Kitchen Island

Flooring

  • Carpet
  • Linoleum
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 4670-86-9059-0000

Community Details

Overview

  • Main Street Management Association, Phone Number (704) 255-1266

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$70 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 1.02296
  • Ratio Close Price By Original Li: 1.02296
  • Ratio Current Price By Acre: 2250000.00
  • Ratio Current Price By Sq Ft: 160.60
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1543
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Equipment: Dishwasher, Disposal
  • Fireplace Description: Gas Logs, Living Room
  • Flooring: Carpet, Linoleum, Tile
  • H O A Management Phone: 704-255-1266
  • Interior Amenities: Kitchen Island, Open Floorplan
  • Laundry Location: Upper, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1259
  • Total Sq Ft: 2802

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Club House, Outdoor Pool, Playground, Sidewalk, Tennis Court(s), Walking Trails
  • Association Fee: 209.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Main Street Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Cox Mill
  • Middle School: HARRISRD
  • High School: Cox Mill

Lot Info

  • Lot Features: Private
  • Lot Size Area: 0.200
  • Parcel Number: 4670-86-9059-0000
  • Zoning Specification: RV

Tax Info

  • Tax Value: 325050.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2021
Closed on
Aug 17, 2021
Sold by
Stojek Julian and Stojek Anna
Bought by
Hall Jennifer and Tobin Kevin
Seller's Agent
Mike Hege MRE
Pridemore Properties LLC
Buyer's Agent
Jeannie Lytton
Realty Dynamics Inc.
List Price
$439,900
Sold Price
$450,000
Premium/Discount to List
$10,100
2.3%
Current Estimated Value
$566,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,435
Avg. Annual Appreciation
5.65%
Original Mortgage
$360,000
Outstanding Balance
$327,352
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$239,084

Purchase Details

Closed on
Nov 16, 2006
Sold by
Shea Homes Llc
Bought by
Stojek Julian Joseph and Stojek Anna Dorothy
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
Hall Jennifer $450,000 None Available
Stojek Julian Joseph $284,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Jennifer $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2021 08/18/21 Sold $450,000 +2.3% $161 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $439,900 -- $157 / 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 $4,564 $503,240 $110,000 $393,240
2024 $4,564 $503,240 $110,000 $393,240
2023 $3,393 $323,120 $76,000 $247,120
2022 $3,417 $325,050 $76,000 $249,050
2021 $3,966 $325,050 $76,000 $249,050
2020 $3,966 $325,050 $76,000 $249,050
2019 $3,346 $274,270 $72,000 $202,270
2018 $3,291 $274,270 $72,000 $202,270
2017 $3,236 $274,270 $72,000 $202,270
2016 $1,920 $232,060 $60,000 $172,060
2015 -- $232,060 $60,000 $172,060
2014 -- $232,060 $60,000 $172,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3754884

Canopy MLS (Canopy Realtor® Association)

APN: 4670-86-9059-0000