NOT LISTED FOR SALE

7248 Waterwheel St SW Unit 97 Concord, NC 28025

Estimated Value: $542,147 - $580,000

4 Beds
3 Baths
2,718 Sq Ft
$208/Sq Ft Est. Value

Last Sold February 01, 2021

Last sale price $386,875 $142 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $3,459/month

Highlights

  • Fitness Center
  • New Construction
  • Clubhouse
  • Patriots Elementary School Rated A-
  • Open Floorplan
  • Community Pool

About This Home

As of February 2021

This innovative open floor plan offers offers multiple flex spaces to meet many needs. Includes a first floor bedroom and full bath, a vast kitchen island and outdoor living space that offers an optional covered porch. The second floor owner’s suite is complete with a personal spa area, flexible bath and two huge walk-in closets. Choices may include an extra bath, a spacious loft or bonus room. This well-appointed home is available in a variety of facades, all featuring a covered entry. The Mills at Rocky River offers world-class amenities, schools within walking distance, easy access to I-485, and the picturesque NC Thread trail runs along the river inside our community.

Last Agent to Sell the Property

Jerry Smith

NVR Homes, Inc./Ryan Homes Brokerage Email: Jesmith@nvrinc.com License #126145 Listed on: 01/28/2021

Last Buyer's Agent

Gretchen Burleson

David Hoffman Realty License #308930

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,165

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 9,060 Sq Ft Lot
  • Property is zoned PUD

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Insulated Windows
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

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

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Patriots Elementary School
  • C.C. Griffin Middle School
  • Hickory Ridge High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 55276485650000

Community Details

Overview

  • Built by Ryan Homes
  • The Mills At Rocky River Subdivision, Hudson Floorplan
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,165

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$67 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Proposed Completion Date: 2021-02-01
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 142.34
  • Attribution Contact: Jesmith@nvrinc.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cable Prewire, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1214
  • 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: 1504
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven, Tankless Water Heater
  • Above Grade Finished Sq Ft: 2718
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Living Area: 2718
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 12

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Stone Veneer, Vinyl
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 430
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Upper Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Zoned
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Outdoor Pool, Playground, Recreation Area
  • Association Fee: 67
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: C.C. Griffin
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.208
  • Lot Size Units: Acres
  • Parcel Number: 55276485650000
  • Plat Book Slide: 00083
  • Plat Reference Section Pages: 00066
  • Development Status: Proposed
  • Lot Size Acres: 0.208
  • Lot Size Sq Ft: 9060
  • ResoLotSizeUnits: Acres
  • Zoning Specification: PUD

Building Info

  • Builder Name: Ryan Homes

MLS Schools

  • Elementary School: Patriots
  • High School: Hickory Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2025
Sold by
Sumner Mark Channing and Sumner Elizabeth Ellswor
Bought by
Henson Matthew J and Henson Minnie
Current Estimated Value
$564,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Outstanding Balance
$573,530
Interest Rate
6.83%
Mortgage Type
VA
Estimated Equity
-$8,743

Purchase Details

Listed on
Jan 28, 2021
Closed on
Jan 20, 2021
Sold by
Nvr Inc
Bought by
Sumner Mark Channing and Sumner Elizabeth Ellsworth
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Gretchen Burleson
David Hoffman Realty
List Price
$382,995
Sold Price
$386,875
Premium/Discount to List
$3,880
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$367,531
Interest Rate
2.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Henson Matthew J -- None Listed On Document
Henson Matthew J -- None Listed On Document
Sumner Mark Channing $387,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Henson Matthew J $575,000
Closed Henson Matthew J $575,000
Previous Owner Sumner Mark Channing $367,531
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2021 02/01/21 Sold $386,875 +1.0% $142 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
01/28/2021 01/28/21 For Sale $382,995 -- $141 / 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 $5,165 $518,600 $100,000 $418,600
2024 $5,165 $518,600 $100,000 $418,600
2023 $4,778 $391,600 $60,000 $331,600
2022 $4,142 $311,600 $60,000 $251,600
2021 $3,802 $311,600 $60,000 $251,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3703095

Canopy MLS (Canopy Realtor® Association)

APN: 5527-64-8565-0000