NOT LISTED FOR SALE

649 Lorain Ave NW Concord, NC 28027

Estimated Value: $596,000 - $624,000

5 Beds
3.5 Baths
3,130 Sq Ft
$195/Sq Ft Est. Value

Last Sold July 08, 2019

Last sale price $357,000 $114 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $3,839/month

36 Days on Market

Highlights

  • Traditional Architecture
  • Bamboo Flooring
  • Tennis Courts
  • Cox Mill Elementary School Rated A
  • Community Pool
  • Fireplace

About This Home

As of July 2019

You don't want to miss this turn-key 5bd 3.5ba home located in the coveted Winding Walk and zoned for Cox Mill Elem & HS. As you enter you'll be greeted with custom mill-work, hardwood floors, upgraded moldings and a 2-story foyer. Office with french doors adorns the foyer as well a formal dining room. This home boasts an upgraded open kitchen with granite, subway tile, SS appliances and breakfast bar. The family room has custom built-ins & gas fireplace. Adjacent to the kitchen is the bonus room/5th bedroom w/french doors & custom closet. The gorgeous master suite w/vaulted ceilings features a sitting room, custom full wall wainscoting feature and his/her closets. 2nd master suite is complete with window bench and recently upgraded marble vanity and tile floors. Secondary bathroom recently updated with marble vanity and tile floors. Outside you'll find a covered front porch, fully fenced, landscaped, front/back irrigation system and manicured flat backyard with a 500 sqft custom patio

Last Agent to Sell the Property

Kim Majhi

Wilson Realty License #286426 Listed on: 05/02/2019

Last Buyer's Agent

Kathy Morris

COMPASS License #260970

COMPASS

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Level Lot
  • Irrigation

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • Fireplace

Flooring

  • Bamboo
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 4670-85-6867-0000

Community Details

Overview

  • Main Street Association
  • Built by Shea

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.02029
  • Ratio Close Price By Original Li: 0.97808
  • Ratio Current Price By Acre: 1878947.37
  • Ratio Current Price By Sq Ft: 114.06
  • Year Built: 2006
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1652
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Equipment: Cooktop Electric
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Bamboo, Carpet, Tile
  • Interior Amenities: Attic Other
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 1478
  • Total Sq Ft: 3130

Exterior Features

  • Construction: Brick Partial, Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Irrigation

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: Playground, Outdoor Pool, Sidewalk, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 190.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Main Street
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.190
  • Parcel Number: 4670-85-6867-0000
  • Zoning Specification: RV

Building Info

  • Builder Name: Shea

Tax Info

  • Tax Value: 292730.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2019
Closed on
Aug 15, 2019
Sold by
Ribbon Homes Spv Llc
Bought by
Russo Robert and Russo Theresa
Seller's Agent
Kim Majhi
Wilson Realty
Buyer's Agent
Kathy Morris
COMPASS
List Price
$359,900
Sold Price
$357,000
Premium/Discount to List
-$2,900
-0.81%
Current Estimated Value
$611,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,287
Avg. Annual Appreciation
9.10%
Original Mortgage
$332,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 2, 2019
Closed on
Jul 3, 2019
Sold by
Larmondra Jeffrey M and Larmondra Jauie Marie
Bought by
Ribbon Home Spv I Llc
Seller's Agent
Kim Majhi
Wilson Realty
Buyer's Agent
Kathy Morris
COMPASS
List Price
$359,900
Sold Price
$357,000
Premium/Discount to List
-$2,900
-0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
4.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 20, 2006
Sold by
Shea Homes Llc
Bought by
Larmondra Jeffrey M and Larmondra Jamie Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,283
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
Russo Robert $357,000 None Available
Ribbon Home Spv I Llc $357,000 None Available
Larmondra Jeffrey M $295,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Robert L $334,000
Closed Russo Robert $332,000
Previous Owner Larmondra Jeffrey M $40,000
Previous Owner Larmondra Jeffrey M $237,000
Previous Owner Larmondra Jeffrey M $226,145
Previous Owner Larmondra Jeffrey M $236,283
Previous Owner Larmondra Jeffrey M $29,535
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2019 07/08/19 Sold $357,000 +2.0% $114 / Sq Ft
06/07/2019 06/07/19 Pending -- -- --
06/01/2019 06/01/19 Price Changed $349,900 -2.8% $112 / Sq Ft
05/30/2019 05/30/19 For Sale $359,900 +0.8% $115 / Sq Ft
05/28/2019 05/28/19 Off Market $357,000 -- --
05/16/2019 05/16/19 Price Changed $359,900 -1.4% $115 / Sq Ft
05/02/2019 05/02/19 For Sale $365,000 -- $117 / 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 $5,336 $535,740 $110,000 $425,740
2023 $4,196 $344,350 $76,000 $268,350
2022 $4,196 $343,910 $76,000 $267,910
2021 $4,196 $343,910 $76,000 $267,910
2020 $4,196 $343,910 $76,000 $267,910
2019 $3,571 $292,730 $72,000 $220,730
2018 $3,513 $292,730 $72,000 $220,730
2017 $3,454 $292,730 $72,000 $220,730
2016 $2,049 $245,310 $60,000 $185,310
2015 $2,895 $245,310 $60,000 $185,310
2014 $2,895 $245,310 $60,000 $185,310
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3485364

Canopy MLS (Canopy Realtor® Association)

APN: 4670-85-6867-0000