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2274 Drake Mill Ln; Concord, NC Property Details

2274 Drake Mill Ln, Concord, NC is a Single Family that was built in 2014. This property is currently Financed and is not for sale. Our records show that 2274 Drake Mill Ln has 4 bedrooms, and 2.5 bathrooms, and a total of 3,220 square feet. The lot size of 2274 Drake Mill Ln is 10,019 square feet.

Off market
2274 Drake Mill Ln SW Concord, NC 28025
$440,000 Listing Price
4 Beds
2.5 Baths
3,220 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 2014
  • Purchase Price: $550,000
  • Open Loans / Balance: 1 / $490,740
  • Est. Equity / %: $99,260 / 16.82%
  • Gross Yield: 7.072%
  • APN: 5527 93 3183
  • Situs County: Cabarrus
  • Length Of Ownership: 4 years, 2 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

Structure

  • Floor Cover Type: Hardwood
  • Stories: 2
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Quality: B
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle
  • Patio Type: Patio

Measurements

  • Total: 3,220/SqFt
  • Lot: 10,019/SqFt
  • Gross: 5,560/SqFt
  • Garage: 680/SqFt
  • Living: 3,220/SqFt
  • Basement: 1,540/SqFt
  • Building: 3,220/SqFt
  • Ground: 1,540/SqFt
  • Garage Finished: 680/SqFt
  • Basement Finished: 1,392/SqFt
  • Basement Unfinished: 148/SqFt
  • Price Per Square Foot: $170.81

Legal Description

  • Description: LT 419 THE MILLS
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Cabarrus County Schools
  • Lat / Lon: 35.314526 / -80.57767
  • Subdivision: The Mills At Rocky River
  • Property Class: Residential
  • Zoning: PUD
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 8550
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Finished
  • Heating: Forced air unit
  • Parking: 2

HOA

  • H O A One: $230
  • H O A Amount: $230
  • H O A One Frequency: Quarterly
  • H O A One Name: Mills At Rocky River Townhome Association Inc
  • H O A One Type: Home Owner Association

Ownership Info

2274 Drake Mill Ln SW has no associated ownership info
2274 Drake Mill Ln SW has no associated ownership info.

Taxes

2274 Drake Mill Ln SW has 8 associated Taxes items

2274 Drake Mill Ln, Concord, NC pays taxes in Cabarrus County, NC. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $594,580. The APN we've located for 2274 Drake Mill Ln is 5527 93 3183.

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Taxes
  • Assessed Value:  $594,580
  • Assessed Year:  2026
  • Assessed County:  Cabarrus
  • APN:  5527 93 3183
  • Assessed Land Value:  100000
  • Market Land Value:  100000
  • Market Value:  594580
  • Market Year:  2024

Tax History

2274 Drake Mill Ln SW has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $594,580 Land Value $100,000 Improvement Value $494,580 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value $594,580 Land Value $100,000 Improvement Value $494,580 Tax Amount $5,922.02 Change Rate Assessed CR Tax Rate +0.00996%
Year 2024 Assessed Value $594,580 Land Value $100,000 Improvement Value $494,580 Tax Amount $5,922.02 Change Rate +0.244645% Assessed CR Tax Rate +0.00996%
Year 2023 Assessed Value $389,970 Land Value $60,000 Improvement Value $329,970 Tax Amount $4,758 Change Rate Assessed CR Tax Rate +0.012201%
Year 2022 Assessed Value $389,970 Land Value $60,000 Improvement Value $329,970 Tax Amount $4,758 Change Rate +0.000076% Assessed CR Tax Rate +0.012201%
Year 2021 Assessed Value $389,970 Land Value $60,000 Improvement Value $329,970 Tax Amount $4,757.64 Change Rate -0.000076% Assessed CR Tax Rate +0.0122%
Year 2020 Assessed Value $389,970 Land Value $60,000 Improvement Value $329,970 Tax Amount $4,758 Change Rate +0.152382% Assessed CR Tax Rate +0.012201%
Year 2019 Assessed Value $338,430 Land Value $35,000 Improvement Value $303,430 Tax Amount $4,128.84 Change Rate +0.033898% Assessed CR Tax Rate +0.0122%
Year 2018 Assessed Value $338,430 Land Value $35,000 Improvement Value $303,430 Tax Amount $3,993.47 Change Rate Assessed CR Tax Rate +0.0118%
Year 2017 Assessed Value $338,430 Land Value $35,000 Improvement Value $303,430 Tax Amount $3,993.47 Change Rate +0.685713% Assessed CR Tax Rate +0.0118%
Year 2016 Assessed Value $281,560 Land Value $25,000 Improvement Value $256,560 Tax Amount $2,369.01 Change Rate Assessed CR Tax Rate +0.008414%
Year 2015 Assessed Value $25,000 Land Value $25,000 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $25,000 Land Value $25,000 Improvement Value Tax Amount Change Rate Assessed CR Tax Rate