668 Faith Dr SW, Concord, NC, 28027

$700,000

Home List Price

$8,313*

Closing Credit

0 Baths
3,068 SqFt
$228/SqFt
Multi

Location

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668 Faith Dr SW, Concord$700,000

Buyer Closing Credits

$8,313*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingParking Lot
Year Built1983
HeatingBaseboard, Electric, Heat Pump, Other
CoolingCentral Air, Window Unit(s), Other
MLS #4176146
StatusActive

About 668 Faith Dr SW

Great investment opportunity! If you're looking to start or add to your real estate portfolio here is a property in fast growing Concord. Situated on .63 acres just 3 miles from downtown Concord is a renovated quadplex, which contains 4 spacious 2 bed, 1 bath units. This is an ideal purchase for the next investor due numerous updates which include: roof, vinyl siding, kitchen cabinets, appliances, LVP flooring, and more (2019 & 2020). Crawl space work and moisture barrier, sub flooring for bottom 2 units (2023). New HVAC for the 2 downstairs units (2023). Also includes additional storage building for tenant to rent for additional storage and income. All units rented for $1050 per mo. The rents should be $1250 + per mo. All have leases that end at different times. All renters are current have been paying on time. Please DO NOT DISTURB TENANTS. No showings until accepted offer per seller.

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Stories: 2
  • Living Area: 3,068 SqFt

Listing Office:

  • Office Name: EXP Realty LLC Mooresville

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater
  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Heat Pump, Other
  • Cooling: Central Air, Window Unit(s), Other

Price Information

Listing Price Info

Price Summary:

  • List Price: $700,000
  • Price Per SqFt: $228/SqFt

Tax Information:

  • Annual Amount: $2,040
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Concord, NC.

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Concord, NC

City

Med. Sold Price

$380.5K

Med. Price/SqFt

$207

Avg. Days On Market

41

# of Sold Homes

95

668 Faith Dr SW vs Concord

110 DAYS ON ROCKET

+69 Days

$700,000

+$319.4K More

$228/SqFt

+$21 More

KEY TAKEAWAY

This property is $319.4K more than the Median Sold Price and $21/SqFt more than other homes in Concord, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4176146

Listing Office:

  • Office Name: EXP Realty LLC Mooresville

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: 12/18/2024, 2:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 28, 2018Home Sold
$150,000
Jul 30, 2010Home Sold
$40,000
Nov 30, 2005Home Sold
$155,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,040$167,200
2020$2,039$167,200
2019$1,867$155,650
2018$1,837$155,650
2017$1,090$155,650

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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-3796
4
/10

  • Wolf Meadow Elementary School

  • 150 Wolfmeadow Dr SW

  • 2.06 miles

  • Public District Grades KG-5

school-card-donut-3797
7
/10

  • R. Brown McAllister Elementary School

  • 541 Sunnyside Dr SE

  • 2.11 miles

  • Public Magnet Grades KG-5

school-card-donut-3798
5
/10

  • Rocky River Elementary School

  • 5454 Rocky River Rd

  • 2.23 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,333. The majority of Concord, NC residents have income less than $35k annually. Residents typically live in single, 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

Living In Concord, NC

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Concord, NC.

The housing landscape in Concord, North Carolina, is characterized by a mix of single-family homes, apartments, and townhouses, with single-family homes being the most prevalent. The architectural styles in Concord are diverse, with a blend of modern, traditional, and colonial influences. A significant portion of the housing stock was developed from the 1980s to the early 2000s, reflecting a period of growth for the city. The homeownership rate in Concord is robust, with a majority of residents owning their homes, while a smaller percentage are renters.

What is it like to live in Concord, NC?

Concord prides itself on a family-friendly atmosphere and a strong sense of community. The city is celebrated for its historic downtown area, which hosts a variety of events and festivals throughout the year that reflect the local culture and community spirit. These gatherings, along with the city's parks and recreational facilities, contribute to Concord's inviting and cohesive character.

Is it easy to get around Concord, NC without a car?

Concord offers a comprehensive array of services to its residents. The educational system includes numerous public schools at the elementary, middle, and high school levels, as well as private educational institutions, providing a range of options for families. Healthcare is well-supported with several hospitals and clinics offering a spectrum of services from primary care to specialized treatments. The city also maintains a public library system and boasts a variety of retail and dining options that cater to the tastes and needs of the community. City initiatives are in place to continually improve these services in line with demographic trends.

Transportation in Concord, NC.

Transportation in Concord includes a network of roads and highways that connect residents to the greater Charlotte metropolitan area and beyond. Public transit options are available, with bus services operating on a set schedule to accommodate commuters and local travelers. The city is also bike-friendly in certain areas, with dedicated lanes and trails. While specific ride-sharing services are present, their usage trends are reflective of the city's growing demand for diverse transportation options. Efforts to enhance transport efficiency and accessibility are ongoing, with plans for infrastructure improvements in the works.

Rocket Homes›North Carolina›Cabarrus County›Concord›28027›668 Faith Dr SW

This home is located at 668 Faith Dr SW in Concord, NC and zip code 28027. This 3,068 square foot home was built in 1983. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $700,000.

Concord, NC housing market in November 2024 saw over 14 listings sold above listed price, more than 25 sold at listed price and over 56 sold below. Between October 2024 and November 2024, Concord, NC real estate market has seen decrease in the number of listings by 3.2%. The median list price of listings available in November 2024 was $380,553, while the average time on the real estate market was 41 days.

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

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