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

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

School Info

Assigned Schools Information:

  • North Stanly High School, Public District Grades 9-12
  • Stanly Early College High School, Public District Grades 9-12
  • North Stanly Middle School, Public District Grades 6-8
  • Badin Elementary School, Public District Grades KG-5

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

$315K

Med. Price/SqFt

$237

Avg. Days On Market

113

# of Sold Homes

11

40400 Tower Rd vs New London

141 DAYS ON ROCKET

+28 Days

$725,000

+$410K More

$206/SqFt

-$31 Less

KEY TAKEAWAY

This property is $410K more than the Median Sold Price and $31/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

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

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:21:48 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.

Elementary School

school-card-donut-2083142
8
/10

  • Badin Elementary School

  • 47 Henderson St

  • 3.69 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2083143
2
/10

  • North Stanly Middle School

  • 36605 Old Salisbury Rd

  • 3.90 miles

  • Public District Grades 6-8

High School

school-card-donut-2083144
2
/10

  • North Stanly High School

  • 40206 Us Highway 52 N

  • 2.40 miles

  • Public District Grades 9-12

school-card-donut-2083145
9
/10

  • Stanly Early College High School

  • 141 College Dr

  • 7.54 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,716. The majority of New London, NC residents have income between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.

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 are the assigned schools for this property?

The assigned schools for 40400 Tower Rd are:
Badin Elementary School: GreatSchools Rating 8/10
North Stanly Middle School: GreatSchools Rating 2/10
North Stanly High School: GreatSchools Rating 2/10
Stanly Early College High School: GreatSchools Rating 9/10

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.

Over 1 listings were sold over their listed price in October 2024 in New London, NC. In the same period over 10 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in New London, NC increased by 15.1% between September 2024 and October 2024. The median list price of listings available in October 2024 was $315,000, while the average time on the real estate market was 113 days.

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

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