Check Availability

5425 Village Drive Northwest

5425 Village Drive Northwest, Concord, NC 28027
Property in Cabarrus
Sold Oct 28, 2021
$710,000
$568,000 by First Bank
Mortgage
Sold Jan 03, 2020
$142,000
Local assessors in Concord, NC have categorized 5425 Village Drive Northwest as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 414 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. 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, 2 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5425 Village Drive Northwest has a total of 1,167 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. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with steel control joints. The building has a gable style roof that was made of wood shake/ shingles. Lots of brick veneer 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. 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, 5425 Village Drive Northwest sold most recently in Oct 28, 2021 for a total of $710,000. If you work out the math, that's approximately a cost of $608.40 per sqft. Before that, the property was also sold for $142,000 in Jan 3, 2020. 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 $1,875 in taxes each year. The initial year of tax delinquency occurred in 2020. 5425 Village Drive Northwest was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $153,650. If we break it down further, the land itself was valued at $38,500. Improvements to the property, however, were assessed at a total of $115,150. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Steel
  • Building Style: Condo
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 414
  • Total Building Area: 1,167
  • Gross Building Area: 1,314
  • Building Area: 1,167
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,167
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAYFIELD LAKELAND
  • Land Acres: 0.043
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 202 VILLAGE CENTER CONDOS

Ownership

  • Current Owner : VILLAGE DRIVE LLC
  • Previous Owner : A & J PROPERTIES LLC
  • Owner Before Previous Owner: FALKENBURY CATHERINE LEE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Cabarrus County Schools
  • School Tax School District: 02-JACKSON PARK
  • Census Tract: 042501

Zoning

  • Zoning: TND

Geography

  • Account Number: 7027700
  • District: 02
  • Parcel: 5600 29 4758 0202
  • Municipality: POPLAR TENT
  • Latitude: 35.4141
  • Longitude: -80.6702

    Address

  • Full Address: 5425 Village Dr Nw
  • Legal Unit: 202
  • Address - House Number: 5425
  • Street Segment Direction: NW
  • Address - Street Name: Village
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Concord
  • Carrier Code: R021
  • 4-Digit Zip Code: 5334
  • Zip Code: 28027

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,875
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: CI02

    Appraisal Valuation

  • Standard Deviation: 0.1792
  • Valuation Date: Oct 26, 2022
  • Confidence Score: 76
  • Final Value: 249,303
  • High Value: 293,986
  • Low Value: 204,620

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $568,000
  • First Open Lien Mortgage Lender: FIRST BANK
  • First Open Lien Mortgage Recording Date: Oct 28, 2021
  • First Open Lien Mortgage Loan Amount: $568,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $153,650
  • Market Land Value: $38,500
  • Market Improvement Value: $115,150

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $153,650
  • Assessed Land Value: $38,500
  • Assessed Improvements Value: $115,150

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Oct 28, 2021
  • Current Sale Transaction ID: 11862104834
  • Current Sale Price: $710,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 03, 2020
  • Previous Sale Contract Date: Jan 03, 2020
  • Previous Sale Amount: $142,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST BANK
  • First Mortgage Transaction Date: Oct 28, 2021
  • First Mortgage Loan Amount: $568,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Concord



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5425 Village Drive Northwest located in?
The 5425 Village Drive Northwest is a located in the neighborhood of Cabarrus in Concord, Concord.
What is the average sales price for listings in 5425 Village Drive Northwest?
The average sales price for units in 5425 Village Drive Northwest is $0 currently.

Quantcast