tomo logo

$1,050,000

Beds
4
Baths
3.5
sq ft
2,528

4300 Gail Lane, Concord, NC 28027

4300 Gail Lane

Concord, NC 28027

  • 5 days on market
Set on 2.88 private acres, this exceptional property offers both luxury and versatility, complete with a Morton built shop. A long circular driveway leads to the beautifully designed home, where vaulted ceilings with shiplap and wood beam accents make a striking statement. The open floor plan features a spacious living room with custom built-ins, while the gourmet kitchen shines with a high-end gas range, quartz countertops, a large island, and designer lighting. The primary suite is a true retreat, boasting tray ceilings, dual walk-in closets, and a spa-like bath with a marble shower, soaking tub, and custom storage. Secondary bedrooms are well-appointed, and the bonus room with a full bath adds flexibility. A partially covered deck overlooks the sprawling fenced yard, while an epoxy-finished garage and a spacious laundry room add convenience. The 1,372 SF shop, fully heated and cooled, features an epoxy floor, full bath, and office spaces, making it perfect for any need.

Details

Property type

Single Family Residence

Est. home value

$883,100

Lot size

Unknown

Price per sq ft

$416

Year built

2017

Price History

03/28/2025
CanopyMLS

CanopyMLS #4235671

Listed
$1,050,000
+82.61%
05/14/2018
CanopyMLS

CanopyMLS #3362382

Sold
$575,000
+945.45%
08/29/2014
CanopyMLS

CanopyMLS #3019617

Sold
$55,000

Schools & Community

Elementary school: 

Charles E. Boger

Middle school: 

Northwest Cabarrus

High school: 

Northwest Cabarrus

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$572,904
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$393,096
Cash to seller
$572,904

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Truist Bank

Loan start date

December 2020

Original loan amount

$435,000

Est. remaining balance

$393,096

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

William Darrell Wallace Jr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 9:30 PM

Listing updated: 03/29/2025 at 5:06 AM

Listed by: Boston Reid, COMPASS Phone #: (704) 234-7880

MLS: CanopyMLS #4235671

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