NOT LISTED FOR SALE

8728 Arbor Commons Ln Concord, NC 28027

Estimated Value: $2,508,444 - $2,775,000

7 Beds
10 Baths
9,525 Sq Ft
$274/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $2,575,000 $270 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,230/month

7 Days on Market

Highlights

  • Spa
  • Sauna
  • Traditional Architecture
  • W.R. Odell Elementary School Rated A
  • Open Floorplan
  • Wood Flooring

About This Home

As of May 2024

This prestigious 7 BR Estate sits on 2 beautiful Acres in Arbor Oaks! Custom Built by Simonini in this gorgeous gated community, this home is appointed with elegance and class rarely seen anymore! You must see the new kitchen by Vanderloc including scullery, fabulous pantry and fantastic laundry/utility area. Nanny/guest quarters, massive bonus room, custom pool with slide, spa with spillover, rain curtain, all surrounded by fabulous brick decking. Beautiful brick terrace on main and lower levels perfect for entertaining, enormous backyard and side yards for privacy and recreation, upper walk out balcony with long range view, master on main with huge walk in closet and bathroom that features a euro-style shower and heated floors, his and her vanities and toilets! PLUS the lower level features theater/rec room, Custom lit Gym, sauna and plunge pool and even a dance floor! Perfect location just off I-85 with quick access to uptown Charlotte and Charlotte Douglas airport.

Last Listed By

Heather Littrell

EXP Realty LLC Brokerage Phone: 704-791-7881 License #229124 Listed on: 03/29/2024

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,949

Year Built

  • Built in 2006

Lot Details

  • Corner Lot
  • Property is zoned AO

HOA Fees

  • $340 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Porte-Cochere
  • Driveway
  • 5 Open Parking Spaces

Home Design

  • Traditional Architecture
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Wired For Data
  • Built-In Features
  • Bar Fridge
  • Insulated Windows
  • Pocket Doors
  • French Doors
  • Entrance Foyer
  • Great Room with Fireplace
  • Sauna
  • Permanent Attic Stairs

Kitchen

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

Flooring

  • Wood
  • Brick
  • Slate Flooring

Bedrooms and Bathrooms

  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry Chute

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space
  • Natural lighting in basement

Outdoor Features

  • Spa
  • Balcony

Schools

  • W.R. Odell Elementary School
  • Harris Road Middle School
  • Cox Mill High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Septic Tank
  • Cable TV Available

Community Details

  • Csi Management Association, Phone Number (704) 892-1660
  • Arbor Oaks Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 4681-66-9458-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,949

Year Built

Built in 2006

Lot Details

0

HOA Fees

$340 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2006
  • Restrictions: Architectural Review
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 270.34
  • Geocode Confidence: High
  • Attribution Contact: 704-791-7881
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Fireplace: Yes
  • Flooring: Brick, Carpet, Slate, Wood
  • Interior Amenities: Attic Stairs Fixed, Breakfast Bar, Built-in Features, Cable Prewire, Entrance Foyer, Hot Tub, Kitchen Island, Open Floorplan, Pantry, Sauna, Split Bedroom, Tray Ceiling(s), Walk-In Closet(s), Walk-In Pantry, Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 4085
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 3954
  • Appliances: Bar Fridge, Dishwasher, Disposal, Double Oven, Exhaust Hood, Gas Range, Microwave, Oven, Plumbed For Ice Maker, Refrigerator
  • Above Grade Finished Sq Ft: 8039
  • Has Basement: Daylight, Full, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 4
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1486
  • Door Features: French Doors, Pocket Doors
  • Fireplace Features: Great Room
  • Living Area: 9525
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 28

Exterior Features

  • Exterior Features: Hot Tub, Porte-cochere, Rooftop Terrace
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Full
  • Patio And Porch Features: Balcony

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Parking Features: Driveway, Attached Garage
  • Assigned Spaces: 0

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: Laundry Chute, Laundry Room, Main Level
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Utilities: Cable Available, Gas, Underground Power Lines, Underground Utilities, Wired Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 4084
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: CSI Management
  • Phone: 704-892-1660
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 4084.00

Schools

  • Middle Or Junior School: Harris Road
  • HOA Subject To: Required

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Area: 2.07
  • Lot Size Units: Acres
  • Parcel Number: 4681-66-9458-0000
  • Zoning: AO
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AO

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: W.R. Odell
  • High School: Cox Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 22, 2024
Sold by
Pensacola Freedom Trust and Evans Christopher
Bought by
Gibson Angelic and Gibson John
Seller's Agent
Heather Littrell
EXP Realty LLC
Buyer's Agent
Greg King
Keller Williams Ballantyne Area
List Price
$2,650,000
Sold Price
$2,575,000
Premium/Discount to List
-$75,000
-2.83%
Total Days on Market
7
Views
52
Current Estimated Value
$2,613,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,861
Avg. Annual Appreciation
1.59%
Original Mortgage
$2,060,000
Outstanding Balance
$2,039,932
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$573,929

Purchase Details

Closed on
May 17, 2021
Sold by
Evans Christopher Allen and Evans Michele L
Bought by
Evans Christopher and Evans Michele

Purchase Details

Listed on
Oct 3, 2019
Closed on
Mar 12, 2021
Sold by
Wheeler Michael A and Beganskaite Irma
Bought by
Evans Christopher Allen and Evans Michele L
Seller's Agent
Rory Cummins
EXP Realty LLC Ballantyne
Buyer's Agent
Heather Littrell
EXP Realty LLC
List Price
$2,265,000
Sold Price
$1,895,000
Premium/Discount to List
-$370,000
-16.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.08%
Original Mortgage
$142,400
Interest Rate
2.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2013
Sold by
Anderson Nicolle W and Wheeler Michael A
Bought by
Wheeler Michael A

Purchase Details

Closed on
Dec 21, 2004
Sold by
Ksin Properties Llc
Bought by
Wheeler Mike and Anderson Nicolle

Range of Values:

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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
Gibson Angelic $2,575,000 Investors Title
Evans Christopher -- None Available
Evans Christopher Allen $1,895,000 None Available
Wheeler Michael A -- None Available
Wheeler Mike $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson John $1,321,000
Open Gibson Angelic $2,060,000
Previous Owner Evans Christopher Allen $142,400
Previous Owner Wheeler Michael A $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $2,575,000 -2.8% $270 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $2,650,000 +39.8% $278 / Sq Ft
03/12/2021 03/12/21 Sold $1,895,000 -5.1% $201 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/04/2021 01/04/21 Price Changed $1,997,000 -3.3% $212 / Sq Ft
09/18/2020 09/18/20 Price Changed $2,065,000 -5.7% $219 / Sq Ft
01/07/2020 01/07/20 Price Changed $2,190,000 -3.3% $232 / Sq Ft
10/03/2019 10/03/19 For Sale $2,265,000 -- $240 / 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 $15,949 $2,511,670 $220,700 $2,290,970
2023 $12,806 $1,584,860 $202,310 $1,382,550
2022 $12,806 $1,584,860 $202,310 $1,382,550
2021 $12,806 $1,584,860 $202,310 $1,382,550
2020 $12,806 $1,584,860 $202,310 $1,382,550
2019 $11,968 $1,481,160 $136,100 $1,345,060
2018 $11,672 $1,481,160 $136,100 $1,345,060
2017 $11,375 $1,481,160 $136,100 $1,345,060
2016 $11,375 $1,734,760 $239,100 $1,495,660
2015 $13,149 $1,734,760 $239,100 $1,495,660
2014 $13,149 $1,734,760 $239,100 $1,495,660
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4123611

Canopy MLS (Canopy Realtor® Association)

APN: 4681-66-9458-0000