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5000 Basswood Drive

5000 Basswood Drive, Concord, NC 28025
Sold Jul 18, 2019
$265,000
$268,620 by Broker Solutions Inc
Mortgage Due Jun 01, 2051
Sold Jun 12, 2006
$225,000
$165,000 by Bank Of North Carolina
Mortgage Due Jul 01, 2036
5000 Basswood Drive in Concord, NC was first built in 1910 and is 114 years old. Although, the building on the property was most recently renovated and altered in 2002. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5000 Basswood Drive has 2,502 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 2,500 ft and the linear feet between the front and back of the lot is 2,500. In total, the area measurement of the land is 62,726 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. For those who need parking, there is a mixed used garage. The garage is 1,320 sqft. There are a total of 5 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 5000 Basswood Drive sold most recently in Jul 17, 2019 for a total of $265,000. If you work out the math, that's approximately a cost of $105.92 per sqft. Before that, the property was also sold for $225,000 in Jun 9, 2006. 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 $2,133 in taxes each year. 5000 Basswood Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $256,340. If we break it down further, the land itself was valued at $45,000. Improvements to the property, however, were assessed at a total of $211,340. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Brick Venner Exterior
Vinyl Siding

Parking

Attached Garage
Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2002
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Type: Offsite
  • Garage Type: Mixed use
  • Garage Square Area: 1,320
  • Parking Space Count: 5
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 62,726
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 2,500
  • Total Building Area: 2,502
  • Gross Building Area: 3,946
  • Building Area: 2,502
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,502
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE SHORE ESTATES
  • Land Acres: 1.44
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LT 13 LAKE SHORE ESTATES

Ownership

  • Current Owner : NORRIS DANITSA S
  • Current Owner 2: NORRIS RONALD
  • Previous Owner : RITCHIE L AARON
  • Previous Owner 2: RITCHIE DANA D
  • Owner Before Previous Owner: CHAMBERS DAVID LEWIS
  • Owner Before Previous Owner 2: CHAMBERS SARAH C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Cabarrus County Schools
  • School Tax School District: 13-GEORGEVILLE
  • Census Tract: 041602

Zoning

  • Zoning: CR

Geography

  • Account Number: 104294
  • District: 09
  • Parcel: 5568 24 3924
  • Lot: 13
  • Municipality: GEORGEVILLE
  • Latitude: 35.3483
  • Longitude: -80.4678

    Address

  • Full Address: 5000 Basswood Dr
  • Address - House Number: 5000
  • Address - Street Name: Basswood
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Concord
  • Carrier Code: R004
  • 4-Digit Zip Code: 8515
  • Zip Code: 28025

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,133
  • Tax Rate Code Area: FR13

    Appraisal Valuation

  • Standard Deviation: 0.1814
  • Valuation Date: Oct 26, 2022
  • Confidence Score: 76
  • Final Value: 482,635
  • High Value: 570,226
  • Low Value: 395,045

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $268,620
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: May 26, 2021
  • First Open Lien Mortgage Loan Amount: $268,620
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $256,340
  • Market Land Value: $45,000
  • Market Improvement Value: $211,340

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $256,340
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $211,340

    Sales

  • Current Sale Contract Date: Jul 17, 2019
  • Current Sale Recording Date: Jul 18, 2019
  • Current Sale Transaction ID: 11628490147
  • Current Sale Price: $265,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jun 12, 2006
  • Previous Sale Contract Date: Jun 09, 2006
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Jul 18, 2019
  • First Mortgage Loan Amount: $260,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF NORTH CAROLINA
  • Previous Mortgage Transaction Date: Jun 12, 2006
  • Previous Mortgage Loan Amount: $165,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Lake Shore Estates



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Frequently Asked Questions

What neighborhood is 5000 Basswood Drive located in?
The 5000 Basswood Drive is a house located in the neighborhood of Lake Shore Estates in Lake Shore Estates, Concord.
What is the average sales price for listings in 5000 Basswood Drive?
The average sales price for units in 5000 Basswood Drive is $0 currently.

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