NOT LISTED FOR SALE

627 Lorain Ave NW Concord, NC 28027

Estimated Value: $574,995 - $603,000

4 Beds
3 Baths
2,716 Sq Ft
$216/Sq Ft Est. Value

Last Sold April 18, 2018

Last sale price $319,000 $117 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $3,663/month

46 Days on Market

Highlights

  • Clubhouse
  • Traditional Architecture
  • Community Pool
  • Cox Mill Elementary School Rated A
  • Wood Flooring
  • Tennis Courts

About This Home

As of April 2018

If you have been looking for a home in great condition, in a top rated Cabarrus County School, this is the one for you! This 4bd/3ba home features an open floor plan, guest bed and bath on main, bonus room/optional 5th bedroom that is equipped with a projector and surround sound. New Carpet and paint throughout. Upgraded kitchen has built-in convection oven and microwave, SS appliances, granite counters, and cheery cabinets. Custom master closet. Tile flooring was added 3 months ago to kitchen, mud room, breakfast area and bathrooms. The living room is wired for surround sound and there is outdoor surround sound and speaker included. Garage has epoxy floors. Enjoy the covered front patio and private back yard on the extended paved patio in the back. Community features basketball/tennis courts, pool, lazy river, kids’ splash pad, walking trails, and 3 playgrounds! Don't let this one slip away!

Last Agent to Sell the Property

Kim Majhi

Wilson Realty License #286426 Listed on: 01/18/2018

Last Buyer's Agent

David Pfarrer

Keller Williams Ballantyne Area License #283497

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 8,712

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 3 Full Bathrooms
  • Fireplace
  • Kitchen Island

Flooring

  • Wood
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 4670-86-9016-0000

Community Details

Overview

  • Main Street Mgmt Association, Phone Number (704) 255-1266
  • Built by Shea

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

$58 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.96960
  • Ratio Close Price By Original Li: 0.95796
  • Ratio Current Price By Acre: 1595000.00
  • Ratio Current Price By Sq Ft: 117.45
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1463
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Equipment: Surround Sound
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-255-1266
  • Interior Amenities: Kitchen Island, Pantry
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 1253
  • Total Sq Ft: 2716
  • Sq Ft Unheated Main: 400
  • Sq Ft Unheated Total: 400

Exterior Features

  • Construction: Brick Partial, Hardboard Siding
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

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

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, Playground, Outdoor Pool, Sidewalk, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 175.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Main Street Mgmt
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Size Area: 0.200
  • Parcel Number: 4670-86-9016-0000
  • Zoning: Residential
  • Zoning Specification: RV

Building Info

  • Builder Name: Shea

Tax Info

  • Tax Value: 264170.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2018
Sold by
Perry Marshall D
Bought by
Perry Marshall D and Zhong Zhenping
Current Estimated Value
$587,249

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 18, 2018
Closed on
Apr 16, 2018
Sold by
Murthy Lakshmi Prasda and Kambhampati Neelima Bharathi
Bought by
Perry Marshall D
Seller's Agent
Kim Majhi
Wilson Realty
Buyer's Agent
David Pfarrer
Keller Williams Ballantyne Area
List Price
$333,000
Sold Price
$319,000
Premium/Discount to List
-$14,000
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.63%
Original Mortgage
$189,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2006
Sold by
Shea Homes Llc
Bought by
Murthy Lakshmi Prasada and Kambhampati Neelima Bharathi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,450
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Perry Marshall D -- None Available
Perry Marshall D $319,000 None Available
Murthy Lakshmi Prasada $277,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Marshall D $170,000
Closed Perry Marshall D $50,000
Closed Perry Marshall D $189,000
Previous Owner Ponugupativenk Lakshmi Prasada $67,000
Previous Owner Murthy Lakshmi Prasada $207,250
Previous Owner Murthy Lakshmi P $83,000
Previous Owner Murthy Lakshmi Prasada $221,450
Previous Owner Murthy Lakshmi Prasada $55,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2018 04/18/18 Sold $319,000 -4.2% $117 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
01/18/2018 01/18/18 For Sale $333,000 -- $123 / 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 $4,856 $487,510 $110,000 $377,510
2023 $3,873 $317,470 $76,000 $241,470
2022 $3,873 $317,470 $76,000 $241,470
2021 $3,873 $317,470 $76,000 $241,470
2020 $3,873 $317,470 $76,000 $241,470
2019 $3,336 $273,460 $72,000 $201,460
2018 $3,170 $264,170 $72,000 $192,170
2017 $3,117 $264,170 $72,000 $192,170
2016 $1,849 $224,070 $60,000 $164,070
2015 $2,644 $224,070 $60,000 $164,070
2014 $2,644 $224,070 $60,000 $164,070
Source: Public Records

Agents Affiliated with this Home

  • Kim Majhi

    Seller's Agent in 2018

    Kim Majhi

    Wilson Realty

    (704) 763-0900

    42 Total Sales

    Kim Majhi
    Section Image

  • D

    Buyer's Agent in 2018

    David Pfarrer

    Keller Williams Ballantyne Area

See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3346280

Canopy MLS (Canopy Realtor® Association)

APN: 4670-86-9016-0000

North Carolina Cabarrus County Concord 28027

627 Lorain Ave NW, Concord, NC

This home is located at 627 Lorain Ave NW, Concord, NC 28027 since 18 January 2018 and is currently estimated at $587,249, approximately $216 per square foot. This property was built in 2006. 627 Lorain Ave NW is a home located in Cabarrus County with nearby schools including Cox Mill Elementary School, Harold E. Winkler Middle School, and Cox Mill High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Nearby Homes