NOT LISTED FOR SALE

693 Studio Ln NW Concord, NC 28027

Estimated Value: $367,391 - $399,000

3 Beds
2.5 Baths
1,803 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: August 12, 2022

Last sale price $410,000 $227 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,559 / mo

47 Days on Market

Highlights

  • Community Cabanas
  • Open Floorplan
  • End Unit
  • W.R. Odell Elementary School Rated A-
  • Wood Flooring
  • Lawn

About This Home

As of August 2022

Beautiful end unit townhome in desirable Edison Square of Concord. Freshly painted throughout. Available for immediate occupancy. Open floor plan. Kitchen featuring hard surface finishes with two-tier deluxe Island. Ample cabinet space, and pantry. Large Master Suite w/Trey Ceiling and deluxe Master Bath. Upgraded glass enclosed shower. Second floor laundry room. Concrete patio. Private yard, ideal for entertaining. Close to Concord Mills mall, shopping, restaurants galore. Easy access to I85. New Kannapolis ballpark.

Last Agent to Sell the Property

John DeSmedt

EXP Realty LLC Ballantyne License #259361 Listed on: 06/25/2022

EXP Realty LLC Ballantyne

Last Buyer's Agent

Venkat Yelamanchili

Tech Realty LLC License #291481

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2016

Lot Details

  • End Unit
  • Lawn

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Home Security System

Kitchen

  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Dryer

Parking

  • Garage
  • Electric Vehicle Home Charger
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Patio

Schools

  • W.R. Odell Elementary School
  • Harrisrd Middle School
  • Cox Mill High School

Utilities

  • Zoned Heating System
  • Vented Exhaust Fan
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 46705583580000

Community Details

Overview

  • Henderson Properties Association, Phone Number (704) 970-4155
  • Edison Square Condos
  • Mandatory home owners association

Recreation

  • Community Cabanas
  • Community Pool

Security

  • Carbon Monoxide Detectors

Townhouse Details

Home Type

Townhome

Year Built

Built in 2016

Lot Details

2,439 Sq Ft Lot

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2016
  • Unit Floor Level: 1
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 227.40
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Interior Amenities: Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 718
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 400
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 400
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1085
  • Porch: Patio
  • Appliances: Cable Prewire, Ceiling Fan(s), CO Detector, Convection Oven, Gas Cooktop, Dishwasher, Disposal, Dryer, Electric Dryer Hookup, Electric Range, Exhaust Fan, Microwave, Natural Gas, Network Ready, Refrigerator, Security System
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1803
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Concord
  • Construction Type: Site Built
  • Construction Type: Stone Veneer, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Driveway, Electric Vehicle Charging Station(s), Garage - 2 Car, Garage Door Opener

Utilities

  • Heating: Central, Multizone A/C, Zoned
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Upper Level, Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Cabana, Outdoor Pool
  • Association Fee: 200
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Edison Square
  • Association Name: Henderson Properties
  • Phone: 704-970-4155
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: HARRISRD
  • HOA Subject To: Required
  • HOA Email: hoa@hendersonproperties.com
  • CAR_YearlyHOAExpense: 2400.00

Lot Info

  • Lot Features: End Unit
  • Lot Size Units: Acres
  • Parcel Number: 46705583580000
  • Land Included Yn: 1
  • Zoning Description: C-2
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.69458

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: W.R. Odell
  • High School: Cox Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2022
Closed on
Aug 11, 2022
Sold by
Asri Lakamsani and Asri Ramy
Bought by
Palreddy Mounika and Kosanam Ravikanth
Seller's Agent
John DeSmedt
EXP Realty LLC Ballantyne
Buyer's Agent
Venkat Yelamanchili
Tech Realty LLC
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%
Views
1
Current Estimated Value
$386,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,902
Avg. Annual Appreciation
-1.59%
Original Mortgage
$307,500
Outstanding Balance
$294,424
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$91,674

Purchase Details

Closed on
Oct 25, 2016
Sold by
Nvr Inc
Bought by
Lakamsani Suresh and Pathuri Ramya Sri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,704
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2016
Sold by
Edison Square Holdings Llc
Bought by
Nvr Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Palreddy Mounika $410,000 John Miller Law Firm Pllc
Lakamsani Suresh $240,000 None Available
Nvr Inc $231,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Palreddy Mounika $307,500
Previous Owner Lakamsani Suresh $191,704
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $410,000 -3.5% $227 / Sq Ft
06/25/2022 06/25/22 For Sale $425,000 -- $236 / Sq Ft
Source: Canopy MLS

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 $3,603 $361,760 $75,000 $286,760
2024 $3,603 $361,760 $75,000 $286,760
2023 $3,085 $252,900 $56,000 $196,900
2022 $3,085 $252,900 $56,000 $196,900
2021 $3,085 $252,900 $56,000 $196,900
2020 $3,085 $252,900 $56,000 $196,900
2019 $2,752 $225,590 $50,000 $175,590
2018 $2,707 $225,590 $50,000 $175,590
2017 $2,662 $225,590 $50,000 $175,590
Source: Public Records

Agents Affiliated with this Home

  • John DeSmedt

    Seller's Agent in 2022

    John DeSmedt

    EXP Realty LLC Ballantyne

    (704) 999-0896

    4 in this area

    41 Total Sales

    John DeSmedt
    Section Image

  • V

    Buyer's Agent in 2022

    Venkat Yelamanchili

    Tech Realty LLC

    (815) 508-3608

    6 in this area

    8 Total Sales

    Venkat Yelamanchili
    Section Image
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Map

Source: Canopy MLS

MLS Number: 3875714

Canopy MLS

APN: 4670-55-8358-0000

North Carolina Cabarrus County Concord 28027

693 Studio Ln NW, Concord, NC

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 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.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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