NOT LISTED FOR SALE

7340 Raylee Ave SW Unit 680 Concord, NC 28025

Estimated Value: $456,958 - $489,000

4 Beds
2.5 Baths
2,409 Sq Ft
$197/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $269,628 $112 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,816/month

Highlights

  • Fitness Center
  • Under Construction
  • Traditional Architecture
  • Patriots Elementary School Rated A-
  • Clubhouse
  • Wood Flooring

About This Home

As of May 2018

This home is located at 7340 Raylee Ave SW Unit 680, Concord, NC 28025 since 21 November 2017 and is currently estimated at $475,490, approximately $197 per square foot. This property was built in 2018. 7340 Raylee Ave SW Unit 680 is a home located in Cabarrus County with nearby schools including Patriots Elementary School, C.C. Griffin Middle School, and Hickory Ridge High School.

Last Agent to Sell the Property

Jerry Smith

NVR Homes, Inc./Ryan Homes Brokerage Email: jesmith@nvrinc.com License #126145 Listed on: 11/21/2017

Last Buyer's Agent

Allison Grant

Realty One Group Revolution License #269304

Realty One Group Revolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,337

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • 7,361

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Insulated Windows

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Garden Bath

Utilities

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

Additional Features

  • Covered Patio or Porch
  • 7,361 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 55276233190000

Community Details

Overview

  • Property has a Home Owners Association
  • Built by Ryan Homes
  • The Mills At Rocky River Subdivision, Venice Floorplan

Amenities

  • Clubhouse

Recreation

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,337

Year Built

Built in 2018 | Under Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2018
  • Proposed Completion Date: 2018-05-18
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 111.93
  • Attribution Contact: jesmith@nvrinc.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Cable Prewire, Garden Tub, Kitchen Island, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1093
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 464
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 464
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1316
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Above Grade Finished Sq Ft: 2409
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Living Area: 2409
  • Window Features: Insulated Window(s)
  • Bedroom Main: 0
  • Room Count: 10
  • Sq Ft Other: 0

Exterior Features

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

Garage/Parking

  • Main Level Garage YN: 1
  • 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: 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: Yes

Schools

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

Lot Info

  • Lot Size Area: 0.169
  • Lot Size Units: Acres
  • Parcel Number: 55276233190000
  • Plat Reference Section Pages: 67
  • Development Status: Under Construction
  • Lot Size Acres: 0.169
  • Lot Size Sq Ft: 7361
  • ResoLotSizeUnits: Acres
  • Zoning Specification: SFR

Building Info

  • Builder Name: Ryan Homes

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2022
Sold by
Praster Drew and Praster Christina
Bought by
Jayakurnar Abilash and Nair Girishma
Current Estimated Value
$464,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Outstanding Balance
$398,008
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$75,537

Purchase Details

Listed on
Nov 21, 2017
Closed on
May 9, 2018
Sold by
Nvr Inc
Bought by
Praster Drew and Praster Christina
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Allison Grant
Realty One Group Revolution
List Price
$263,900
Sold Price
$269,628
Premium/Discount to List
$5,728
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$256,146
Interest Rate
4.4%
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
Jayakurnar Abilash $430,000 Stewart Title
Praster Drew $270,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jayakurnar Abilash $408,500
Previous Owner Praster Drew $256,146
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2018 05/18/18 Sold $269,628 +2.2% $112 / Sq Ft
11/21/2017 11/21/17 Pending -- -- --
11/21/2017 11/21/17 For Sale $263,900 -- $110 / 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 $4,337 $435,480 $100,000 $335,480
2024 $4,337 $435,480 $100,000 $335,480
2023 $3,449 $282,740 $60,000 $222,740
2022 $3,395 $278,270 $60,000 $218,270
2021 $3,395 $278,270 $60,000 $218,270
2020 $3,395 $278,270 $60,000 $218,270
2019 $2,935 $240,580 $35,000 $205,580
2018 $420 $35,000 $35,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3364923

Canopy MLS (Canopy Realtor® Association)

APN: 5527-62-3319-0000