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2314 Drake Mill Lane Southwest

2314 Drake Mill Lane Southwest, Concord, NC 28025
Property in The Mills
Sold Jul 12, 2017
$319,500
$301,310 by Nvr Mortgage Finance Inc
Mortgage Due Aug 01, 2047
Local assessors in Concord, NC have categorized 2314 Drake Mill Lane Southwest as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 12,763 square feet. The linear feet between the front and back of the lot was measured at 1,560 ft and the front of the lot was measured at 590 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2314 Drake Mill Lane Southwest has a total of 3,318 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2314 Drake Mill Lane Southwest sold most recently in Jul 6, 2017 for a total of $319,500. If you work out the math, that's approximately a cost of $96.29 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,204 in taxes each year. 2314 Drake Mill Lane Southwest was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $344,610. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $284,610. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: C
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Mixed use
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 12,763
  • Lot Size Depth Feet: 1,560
  • Lot Size Frontage Feet: 590
  • Total Building Area: 3,318
  • Gross Building Area: 4,038
  • Building Area: 3,318
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,318
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE MILLS
  • Land Acres: 0.293
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 564 THE MILLS

Ownership

  • Current Owner : HOLLIS MICHAEL
  • Current Owner 2: HOLLIS YOLANDA
  • Previous Owner : NVR INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Cabarrus County Schools
  • School Tax School District: 02-JACKSON PARK
  • Census Tract: 041503

Zoning

  • Zoning: PUD

Geography

  • Account Number: 116868
  • District: 01
  • Parcel: 5537 03 0059
  • Lot: 564
  • Municipality: HARRISBURG
  • Latitude: 35.3144
  • Longitude: -80.5754

    Address

  • Full Address: 2314 Drake Mill Ln Sw
  • Address - House Number: 2314
  • Street Segment Direction: SW
  • Address - Street Name: Drake Mill
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Concord
  • Carrier Code: R047
  • 4-Digit Zip Code: 8552
  • Zip Code: 28025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,204
  • Tax Rate Code Area: CI02

    Appraisal Valuation

  • Standard Deviation: 0.1888
  • Valuation Date: Oct 26, 2022
  • Confidence Score: 75
  • Final Value: 597,130
  • High Value: 709,914
  • Low Value: 484,346

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $301,310
  • First Open Lien Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Open Lien Mortgage Recording Date: Jul 12, 2017
  • First Open Lien Mortgage Loan Amount: $301,310
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2047

    Market Valuation

  • Market Total Value: $344,610
  • Market Land Value: $60,000
  • Market Improvement Value: $284,610

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $344,610
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $284,610

    Sales

  • Current Sale Contract Date: Jul 06, 2017
  • Current Sale Recording Date: Jul 12, 2017
  • Current Sale Transaction ID: 1590385392
  • Current Sale Price: $319,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 12578-0015

    Last Sale Mortgage

  • First Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Mortgage Transaction Date: Jul 12, 2017
  • First Mortgage Loan Amount: $301,310
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2047

About The Mills



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Frequently Asked Questions

What neighborhood is 2314 Drake Mill Lane Southwest located in?
The 2314 Drake Mill Lane Southwest is a located in the neighborhood of The Mills in The Mills, Concord.
What is the average sales price for listings in 2314 Drake Mill Lane Southwest?
The average sales price for units in 2314 Drake Mill Lane Southwest is $0 currently.

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