NOT LISTED FOR SALE

7007 Palafox Dr Concord, NC 28025

Estimated Value: $521,000 - $716,000

3.75 Acres
$155,920 Price per Acre
163,350 Sq Ft Lot

Sale Details

Date Sold: March 25, 2024

Last sale price $120,000

Est. 387% increase in value since last sale

Current estimated payment $3,349 / mo

216 Days on Market

Highlights

  • Waterfront
  • Bethel Elementary School Rated 9+
  • Wooded Lot

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 Agent to Sell the Property

Thomas Elrod

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

Keller Williams Ballantyne Area

Co-Listed By

Brian Boger

Keller Williams Ballantyne Area Brokerage Email: listings@hprea.com License #278023

Last Buyer's Agent

Mike Soden

Prestige Properties of the Carolinas, LLC License #248516

Property Details

Property Type

  • Land

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

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 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

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 Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2023
Closed on
Mar 20, 2024
Sold by
Bought by
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%
Views
341
Current Estimated Value
$584,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$464,701
Avg. Annual Appreciation
102.78%
Original Mortgage
$677,070
Outstanding Balance
$666,656
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
-$81,955

Purchase Details

Closed on
Apr 1, 1992
Bought by

Purchase Details

Closed on
Nov 1, 1988
Source: Public Records

Range of Values:

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

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
$120,000 None Listed On Document
$19,000 --
$19,000 --
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 $677,070
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
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

Tax 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.

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 $2,368 $350,360 $94,010 $256,350
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

  • Thomas Elrod

    Seller's Agent in 2024

    Thomas Elrod

    Keller Williams Ballantyne Area

    (704) 594-8001

    564 Total Sales

    Thomas Elrod
    Section Image

  • B

    Seller Co-Listing Agent in 2024

    Brian Boger

    Keller Williams Ballantyne Area

    (704) 779-2588

    263 Total Sales

    Brian Boger
    Section Image
  • Mike Soden

    Buyer's Agent in 2024

    Mike Soden

    Prestige Properties of the Carolinas, LLC

    (704) 621-2314

    40 Total Sales

    Mike Soden
    Section Image
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Map

Source: Canopy MLS

MLS Number: 4026844

Canopy MLS

APN: 5547-55-4279-0000

North Carolina Cabarrus County Concord 28025

7007 Palafox Dr, 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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