$425,000
SOLD JAN 13, 2023

7263 Waterwheel St SW Concord, NC 28025

4 Beds
2.5 Baths
3,232 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$131 Per Sq Ft

26% Below List Price

209 Days on Market

Highlights

  • Attached Garage
  • Central Heating
  • Ceiling Fan
  • Patriots Elementary School Rated A-

About This Home

As of January 2023

Beautiful home with awesome open floor plan, HUGE kitchen island, large rooms, tons of storage options, fenced backyard in an amazing neighborhood.

Last Agent to Sell the Property

Lisa Belk

Mark Spain Real Estate License #282516 Listed on: 05/11/2022

Mark Spain Real Estate

Last Buyer's Agent

Narendra Devarapalli

Prime Real Estate Advisors LLC License #139602

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,018

Year Built

  • Built in 2020

Lot Details

  • Zoning described as PUD

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Central Heating
  • Gas Water Heater

Community Details

  • The Mills At Rocky River Poa
  • The Mills At Rocky River Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 5527-74-1342-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,018

Year Built

Built in 2020

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Ratio Current Price By Acre: 2125000.00
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 131.50
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1407
  • 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: 181
  • Sq Ft Unheated Upper: 181
  • Sq Ft Upper: 1825
  • Appliances: Ceiling Fan(s), Dishwasher, Gas Range, Microwave
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 3232
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: Concord
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 428
  • Parking Features: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Upper Level
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Association Name: The Mills at Rocky River POA
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 800.00

Lot Info

  • Lot Size Area: 0.2
  • Lot Size Units: Acres
  • Parcel Number: 5527-74-1342-0000
  • Zoning Description: PUD
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.37963

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
May 11, 2022
Closed on
Jan 11, 2023
Sold by
Opendoor Property Trust
Bought by
Shanker Kassarabada Shiva
Seller's Agent
Lisa Belk
Mark Spain Real Estate
Buyer's Agent
Narendra Devarapalli
Prime Real Estate Advisors LLC
List Price
$575,000
Sold Price
$425,000
Premium/Discount to List
-$150,000
-26.09%
Views
109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$382,500
Outstanding Balance
$366,538
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$180,782

Purchase Details

Closed on
Apr 29, 2022
Sold by
Woodley Rickey L and Woodley Tanga M
Bought by
Opendoor Property Trust

Purchase Details

Closed on
Mar 31, 2020
Sold by
Nvr Inc
Bought by
Woodley Rickey L and Woodley Tanga B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,359
Interest Rate
3.3%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 Os National Title
Warranty Deed $500,500 Chicago Title
Special Warranty Deed $329,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,500 New Conventional
Previous Owner $323,359 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $529,000 0.0% $175 / Sq Ft
09/02/2025 09/02/25 For Sale $529,000 -3.6% $175 / Sq Ft
08/29/2025 08/29/25 Off Market $549,000 -- --
06/06/2025 06/06/25 For Sale $549,000 +29.2% $182 / Sq Ft
01/13/2023 01/13/23 Sold $425,000 -6.2% $131 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
11/17/2022 11/17/22 Price Changed $453,000 -2.8% $140 / Sq Ft
11/03/2022 11/03/22 Price Changed $466,000 -1.3% $144 / Sq Ft
10/20/2022 10/20/22 Price Changed $472,000 -0.6% $146 / Sq Ft
10/06/2022 10/06/22 Price Changed $475,000 -1.2% $147 / Sq Ft
09/22/2022 09/22/22 Price Changed $481,000 -2.8% $149 / Sq Ft
09/08/2022 09/08/22 Price Changed $495,000 -2.0% $153 / Sq Ft
08/11/2022 08/11/22 Price Changed $505,000 -1.4% $156 / Sq Ft
07/28/2022 07/28/22 Price Changed $512,000 -2.1% $158 / Sq Ft
07/14/2022 07/14/22 Price Changed $523,000 -1.9% $162 / Sq Ft
06/30/2022 06/30/22 Price Changed $533,000 -2.9% $165 / Sq Ft
06/17/2022 06/17/22 Price Changed $549,000 -3.9% $170 / Sq Ft
06/02/2022 06/02/22 Price Changed $571,000 -0.7% $177 / Sq Ft
05/11/2022 05/11/22 For Sale $575,000 -- $178 / 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
2024 $5,018 $503,780 $100,000 $403,780
2023 $4,060 $332,820 $60,000 $272,820
2022 $4,006 $328,350 $60,000 $268,350
2021 $4,006 $328,350 $60,000 $268,350
2020 $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: 3860080

Canopy MLS (Canopy Realtor® Association)

APN: 5527-74-1342-0000