tomo logo

$575,000

Beds
5
Baths
3.0
sq ft
2,911

632 Lorain Avenue Northwest, Concord, NC 28027

632 Lorain Avenue Northwest

Concord, NC 28027

  • 20 days on market
    • Price drop $10,000↓
Don't miss this property in the sought after Cox Mill Schools area. Beautiful two story home with front brick and stone exterior in the popular winding walk neighborhood. Main level features 2-story foyer, Formal living, a guest bedroom with full bath, large kitchen with huge island, upgraded cabinets, - SS appliances, dining area, Sun-room , family room with raised ceiling.Second floor has a huge Bonus/bed that is perfect for entertainment. 2 secondary bedrooms are of great size. Large primary bedroom with walk in closet, dual vanity and separate tub and walk-in shower. Has a Fenced backyard and large patio. Community features a spacious clubhouse allows for personal parties & fun entertainment, large resort style pool, lazy river & splash area for kids, playgrounds throughout, pickle ball, tennis, and basketball courts as well as beautiful wooded walking trails & creek. Close proximity to 85/485, Concord Mills, shopping and dining. Book your private tour today.

Details

Property type

Single Family Residence

Est. home value

$555,316

Lot size

Unknown

Price per sq ft

$198

Year built

2006

Monthly HOA fee

$86.67

Price History

06/27/2024
CanopyMLS

CanopyMLS #4151232

Price change
$575,000
-1.71%
06/14/2024
CanopyMLS

CanopyMLS #4151232

Listed
$585,000
+25.27%
11/21/2022
CanopyMLS

CanopyMLS #3851972

Sold
$467,000

Schools & Community

Elementary school: 

Cox Mill

Middle school: 

Harris Road

High school: 

Cox Mill

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

$208,232
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$320,768
Cash to seller
$208,232

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

November 2022

Original loan amount

$326,900

Est. remaining balance

$320,768

Interest rate

6.29%

Loan type

New Conventional, 30 year

Seller

Abhinaya Rajbahak and Ranjana Dahal

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?

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Status: Active

Tomo last checked: 07/04/2024 at 11:05 PM

Listing updated: 06/30/2024 at 4:13 PM

Listed by: Deepthi Mallakki Nagaveerappa, ERA Live Moore Phone #: (704) 892-7373

MLS: CanopyMLS #4151232

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