40400 Tower Rd, New London, NC, 28127

$725,000

Home List Price

$8,609*

Closing Credit

4 Bedrooms
3 Full Baths
3,514 SqFt
$206/SqFt
House

Location

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40400 Tower Rd, New London$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Attached Garage, Detached Garage, Garage Door Opener, Garage Shop
Attached GarageYes
Year Built1976
HeatingCentral
CoolingCeiling Fan(s), Central Air
BasementYes
FireplaceFamily Room, Wood Burning Stove, Other - See Remarks
MLS #4152125
StatusActive

About 40400 Tower Rd

Nestled on over 5 acres of this spacious 4-bedroom home offers tranquility and functionality. As you step inside, you’ll be greeted by new flooring that seamlessly connects the living spaces. The living room boasts ample natural light, perfect for cozy evenings by the fireplace. The main level also includes a convenient home office or guest bedroom. Upstairs, the primary suite awaits—a true retreat. The en-suite bathroom features a luxurious Jacuzzi tub, perfect for unwinding after a long day. Three additional bedrooms provide plenty of space for family or guests. But the real highlight? Step outside to your backyard paradise. The inground pool beckons on warm summer days, and the poolside bathroom ensures convenience. The detached 4-car garage/shop is a hobbyist’s dream, while the attached 2-car garage offers everyday practicality. Need more storage? The separate 1-car garage has you covered.

Property Details

Property Features

Property Information:

  • Year Built: 1976
  • Living Area: 3,514 SqFt

Listing Office:

  • Office Name: Magnolia Dream Real Estate
  • Office Email: CaitlinBurgessNCREALTOR@gmail.com

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Oven
  • Basement: Yes
  • Flooring Type: Slate, Tile, Vinyl
  • Fireplace: Family Room, Wood Burning Stove, Other - See Remarks

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Outdoor Shower, Other - See Remarks

Parking Information:

  • Attached Garage: Yes
  • Parking: Circular Driveway, Attached Garage, Detached Garage, Garage Door Opener, Garage Shop

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $206/SqFt

Tax Information:

  • Annual Amount: $33
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New London, NC.

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New London, NC

City

Med. Sold Price

$313K

Med. Price/SqFt

$233

Avg. Days On Market

66

# of Sold Homes

10

40400 Tower Rd vs New London

191 DAYS ON ROCKET

+125 Days

$725,000

+$412K More

$206/SqFt

-$27 Less

KEY TAKEAWAY

This property is $412K more than the Median Sold Price and $27/SqFt less than other homes in New London, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4152125

Listing Office:

  • Office Name: Magnolia Dream Real Estate
  • Office Email: CaitlinBurgessNCREALTOR@gmail.com

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/25/2024, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$33$248,447
2020$1,704$214,594
2019$1,717$214,594
2017$1,604$214,594

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1592684
8
/10

  • Badin Elementary School

  • 47 Henderson St

  • 3.69 miles

  • Public District Grades KG-5

school-card-donut-1592685
6
/10

  • Richfield Elementary School

  • 120 Morgan St

  • 5.51 miles

  • Public District Grades KG-5

school-card-donut-1592686
4
/10

  • Central Elementary School

  • 206 N 3rd St

  • 5.57 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,716. Most New London, NC residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40400 Tower Rd

What is the listing price of this property?

The listing price of 40400 Tower Rd property is $725,000.

What type of property is this?

The property 40400 Tower Rd is a house located in New London, North Carolina, 28127.

Is this property for sale now?

Active Listing: 40400 Tower Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $33 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 40400 Tower Rd has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 40400 Tower Rd is 3,514 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40400 Tower Rd is 1976.

Rocket Homes›North Carolina›Stanly County›New London›28127›40400 Tower Rd

This home is located at 40400 Tower Rd in New London, NC and zip code 28127. This 3,514 square foot home was built in 1976. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $725,000.

In November 2024 more than 1 listings in New London, NC were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 7 were sold below. Between October 2024 and November 2024, New London, NC real estate market has seen decrease in the number of listings by 4.2%. In November 2024, listings were on the market for 66 days. During the same period, the median list price in this real estate market was $313,000.

From Rocket Homes Real Estate and based on county public records data.

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