NOT LISTED FOR SALE

962 Old Trace Rd NW Concord, NC 28027

Estimated Value: $707,000 - $771,000

5 Beds
3 Baths
3,437 Sq Ft
$216/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $500,000 $145 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,552/month

1 Day on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Community Pool
  • Cox Mill Elementary School Rated A
  • Wood Flooring
  • Fireplace

About This Home

As of December 2020

Stunning like new, move in ready home located on a cul de sac in desirable Allen Mills! This beauty welcomes you with wood floors that flow throughout the first floor living areas. The gourmet eat in kitchen features stainless steel appliances -includes a wall oven and gas cooktop, beautiful backsplash, granite countertops, and large island - perfect for the upcoming holidays! Open floorplan, the kitchen flows into the spacious family room with beautiful fireplace. First floor also features a guest suite with full bath- can also be used as an office! Upstairs has a HUGE bonus room that would be perfect as a media room or playroom- you decide! Owners suite is located upstairs and owners bath features dual sinks, soaking tub, walk in shower and tile floors. Upstairs also has spacious secondary rooms and loft! Great location- close to Cox Mill schools, 485/85, Concord Mills, and dining. Community has pool and playground. MUST SEE

Last Agent to Sell the Property

Brigitte Perry

Southern Homes of the Carolinas, Inc License #281270 Listed on: 11/06/2020

Last Buyer's Agent

Kiran Patel

NorthGroup Real Estate LLC License #246641

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018

Lot Details

  • 0.28

HOA Fees

  • $51 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Tray Ceiling
  • Fireplace
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Full Bathrooms
  • Garden Bath

Listing and Financial Details

  • Assessor Parcel Number 4680-35-8114-0000

Community Details

Overview

  • Kuester Management Group Association, Phone Number (888) 600-5044
  • Built by MI Homes

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2018

Lot Details

0

HOA Fees

$51 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Ratio Close Price By List Price: 1.05263
  • Ratio Close Price By Original Li: 1.05263
  • Ratio Current Price By Acre: 1748251.75
  • Ratio Current Price By Sq Ft: 145.48
  • Year Built: 2018
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1953
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Disposal, Exhaust Fan, Ice Maker Connection, Microwave, Wall Oven
  • Fireplace Description: FAMILYRM
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 888-600-5044
  • Interior Amenities: Garden Tub, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 1484
  • Total Sq Ft: 3437

Exterior Features

  • Construction: Fiber Cement
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Community Features: Club House, Outdoor Pool, Playground
  • Association Fee: 152.50
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Kuester Management Group
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Cox Mill
  • Middle School: HARRISRD
  • High School: Cox Mill

Lot Info

  • Lot Dimension: 42x147
  • Lot Features: Cul-de-sac Lot
  • Lot Size Area: 0.286
  • Parcel Number: 4680-35-8114-0000
  • Plat Reference Section Pages: 72
  • Zoning Specification: PRD

Building Info

  • Builder Name: MI Homes

Tax Info

  • Tax Value: 389420.00
  • Tax Location: Concord

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Dec 7, 2020
Sold by
Vincent Sean Michael and Vincent Jennifer Suzanne
Bought by
Vashi Chintan Kaushikkumar and Vashi Riddhiben
Seller's Agent
Brigitte Perry
Southern Homes of the Carolinas, Inc
Buyer's Agent
Kiran Patel
NorthGroup Real Estate LLC
List Price
$475,000
Sold Price
$500,000
Premium/Discount to List
$25,000
5.26%
Current Estimated Value
$741,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,391
Avg. Annual Appreciation
8.41%
Original Mortgage
$441,000
Outstanding Balance
$393,322
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$348,069

Purchase Details

Closed on
Jun 29, 2018
Sold by
M I Homes Of Charlotte Llc
Bought by
Vincent Sean Michael and Vincent Jennifer Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,475
Interest Rate
4.6%
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
Vashi Chintan Kaushikkumar $500,000 None Available
Vincent Sean Michael $397,000 Transohio Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vashi Chintan Kaushikkumar $441,000
Previous Owner Vincent Sean Michael $376,475
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $500,000 +5.3% $145 / Sq Ft
11/07/2020 11/07/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $475,000 -- $138 / 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 $6,978 $700,620 $160,000 $540,620
2024 $6,978 $700,620 $160,000 $540,620
2023 $5,351 $438,620 $86,000 $352,620
2022 $5,351 $438,620 $86,000 $352,620
2021 $5,351 $438,620 $86,000 $352,620
2020 $4,751 $389,420 $86,000 $303,420
2019 $3,800 $311,480 $70,000 $241,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3678917

Canopy MLS (Canopy Realtor® Association)

APN: 4680-35-8114-0000