NOT LISTED FOR SALE

7007 Palafox Dr Concord, NC 28025

Estimated Value: $109,000 - $119,000

3.75 Acres
$30,400 Price per Acre
163,350 Sq Ft Lot

Last Sold March 25, 2024

Last sale price $120,000

Est. 5% decrease in value since last sale

Current estimated payment $691/month

216 Days on Market

About This Lot

As of March 2024

Build your dream home and Enjoy peaceful living on this fully wooded 3.75 acre lot perfectly located between Concord and Midland. Property backs up to Rocky River and is considered in a 100 year flood plain and yet with 3.75 acres to work with, you're able to create any type of home or tiny home community that you've been dreaming of!

Last Listed By

Thomas Elrod

Keller Williams Ballantyne Area Brokerage Email: listings@hprea.com License #268537 Listed on: 05/08/2023

Keller Williams Ballantyne Area

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $636

Lot Details

  • Waterfront
  • Wooded Lot
  • Possible uses of the property include Residential
  • Property is zoned AO

Schools

  • Bethal Elementary School
  • C.C. Griffin Middle School
  • Central Cabarrus High School

Utilities

  • Well Required
  • Septic Needed

Community Details

  • Rambling River Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5547-55-4279-0000

Property Details

Property Type

Land

Est. Annual Taxes

$636

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: N/A
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: listings@hprea.com
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential

Exterior Features

  • Water Body Name: Rocky River
  • Waterfront Features: None

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: C.C. Griffin
  • HOA Subject To: None

Lot Info

  • Lot Features: Flood Plain/Bottom Land, Wooded, Waterfront
  • Lot Size Area: 3.75
  • Lot Size Units: Acres
  • Parcel Number: 5547-55-4279-0000
  • Zoning: AO
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AO

MLS Schools

  • Elementary School: Bethal
  • High School: Central Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Mar 20, 2024
Sold by
Boger Stephen W and Boger Karen H
Bought by
Driedger Paul and Driedger Jodi
Seller's Agent
Thomas Elrod
Keller Williams Ballantyne Area
Buyer's Agent
Mike Soden
Prestige Properties of the Carolinas, LLC
List Price
$150,000
Sold Price
$120,000
Premium/Discount to List
-$30,000
-20%
Total Days on Market
216
Views
359
Current Estimated Value
$114,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,000
Avg. Annual Appreciation
-4.25%
Original Mortgage
$677,070
Outstanding Balance
$670,243
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
-$556,243

Purchase Details

Closed on
Apr 1, 1992
Bought by
Boger Stephen W and Wife Karen H

Purchase Details

Closed on
Nov 1, 1988

Range of Values:

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Average Value
Not Available
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
Driedger Paul $120,000 None Listed On Document
Boger Stephen W $19,000 --
-- $19,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Driedger Paul $677,070
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2024 03/25/24 Sold $120,000 -7.7% --
11/13/2023 11/13/23 Price Changed $130,000 -7.1% --
10/04/2023 10/04/23 Price Changed $140,000 -6.7% --
05/08/2023 05/08/23 For Sale $150,000 -- --
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 $636 $94,010 $94,010 $0
2023 $472 $56,170 $56,170 $0
2022 $472 $56,170 $56,170 $0
2021 $455 $56,170 $56,170 $0
2020 $455 $56,170 $56,170 $0
2019 $357 $44,060 $44,060 $0
2018 $344 $44,060 $44,060 $0
2017 $335 $44,060 $44,060 $0
2016 $330 $55,580 $55,580 $0
2015 $415 $55,580 $55,580 $0
2014 $415 $55,580 $55,580 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4026844

Canopy MLS (Canopy Realtor® Association)

APN: 5547-55-4279-0000