NOT LISTED FOR SALE

7118 Waterwheel St SW Concord, NC 28025

Estimated Value: $552,000 - $557,000

5 Beds
3 Baths
3,010 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $575,000 $191 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,354/month

1 Day on Market

Highlights

  • Fitness Center
  • Open Floorplan
  • Traditional Architecture
  • R Brown Mcallister STEMElementary Rated A-
  • Clubhouse
  • Community Pool

About This Home

As of March 2022

New Construction without the wait! Beautifully finished never lived-in home with crisp white open concept kitchen, suite style bedroom on main floor, all other secondary bedrooms and owners suite on second floor with loft and laundry room. Generous amount of storage throughout the home. Tiled-in showers, Nest thermostats, and drop zone area off garage. Premium lot which backs up to natural green space, and neighborhood that offers incredible amenities.

Last Agent to Sell the Property

Sydney Caldwell

COMPASS License #311787 Listed on: 02/24/2022

COMPASS

Co-Listed By

Trent Corbin

Keller Williams South Park License #266315

Last Buyer's Agent

Raj Bani

White Pearl Realty LLC License #276200

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022

Lot Details

  • Zoning described as PUD

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Family Room with Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Electric Dryer Hookup

Outdoor Features

  • Patio
  • Front Porch

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 5527-65-8693-0000

Community Details

Overview

  • The Mills At Rocky River Subdivision
  • Mandatory Home Owners Association

Amenities

  • Clubhouse

Recreation

  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2022
  • Ratio Current Price By Acre: 2613636.36
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1390
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1620
  • Porch: Front,Patio
  • Appliances: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Dryer Hookup, Exhaust Fan, Exhaust Hood, Gas Oven, Gas Range, Plumbed For Ice Maker, Microwave, Natural Gas
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Family Room
  • Living Area: 3010
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Outdoor Pool, Playground, Recreation Area
  • Hoa Subject To Dues: Mandatory

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5527-65-8693-0000
  • Zoning Description: PUD

Tax Info

  • RATIO List Price By Tax Amount: 9.16667

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 30, 2022
Sold by
Reddy Baddam Prathyusha and Kumar Shravan
Bought by
Agrawal Ravindra and Gupta Shruti
Seller's Agent
Sydney Caldwell
COMPASS
Buyer's Agent
Raj Bani
White Pearl Realty LLC
List Price
$550,000
Sold Price
$575,000
Premium/Discount to List
$25,000
4.55%
Current Estimated Value
$554,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,750
Avg. Annual Appreciation
-0.98%
Original Mortgage
$503,430
Outstanding Balance
$473,720
Interest Rate
4.42%
Mortgage Type
Balloon
Estimated Equity
$80,530

Purchase Details

Closed on
Jan 14, 2022
Sold by
Nvr Inc
Bought by
Baddam Prathyusha Reddy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,902
Interest Rate
3.56%
Mortgage Type
New Conventional
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

Date Buyer Sale Price Title Company
Agrawal Ravindra $575,000 Denny Law Firm Pllc
Baddam Prathyusha Reddy $483,500 Costner Law Office Pllc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agrawal Ravindra $503,430
Previous Owner Baddam Prathyusha Reddy $458,902
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $575,000 +4.5% $191 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $550,000 0.0% $183 / Sq Ft
02/24/2022 02/24/22 For Sale $550,000 0.0% $183 / Sq Ft
02/23/2022 02/23/22 For Sale $550,000 -- $183 / 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
2025 $5,273 $529,460 $100,000 $429,460
2024 $5,273 $529,460 $100,000 $429,460
2023 $4,006 $328,350 $60,000 $268,350
2022 $2,382 $60,000 $60,000 $0
2021 $732 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3832438

Canopy MLS (Canopy Realtor® Association)

APN: 5527-65-8693-0000