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542 Old Speedway Drive
542 Old Speedway Drive
$594,236 (our value guesstimate)
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Concord, NC 28027 ▪  (MLS # 3875876)
2-car garage  ▪   Built: 2013  ▪   Primary Up
5 bed  ▪  3 full bath  ▪  3,391 Sq Ft
Sold for $555,000 on Nov 02, 2022
542 Old Speedway Drive
$594,236 (our value guesstimate)
Concord, NC 28027 ▪  (MLS # 3875876)
2-car garage  ▪   Built: 2013  ▪   Primary Up
5 bed  ▪  3 full bath  ▪  3,391 Sq Ft
Sold for $555,000 on Nov 02, 2022
SOLD NOV 2, 2022
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$555,000  (sales price)
5 bed  ▪  3 full bath  ▪  3,391 Sq Ft
542 Old Speedway Drive
Concord, NC 28027 (MLS # 3875876)
.3 acres  ▪   Built: 2013  ▪   Primary Bedroom Up
Subdivision: Laurel Park
Concord, NC / 28027

Our Value Guesstimate (from Computer Algorithm): $594,236

Our computer algorithm has estimated that this home would be likely to sell in a range between $505,101 and $683,371.
Sale Details
Sales Price: $555,000
Closed: Nov 2, 2022 (512 days ago)
List Price: $576,000
Sold for: 96% of list price
Cumulative Days on Market: 107
Price/Sq Ft: $164
Remarks - 542 Old Speedway Drive
(from previous listing) Beautiful 2 story home in Laurel Park. This open concept home offers a nice size kitchen with double wall oven. There is an in-law Suite on the main level and an office. Upstairs you will find 3 bedrooms (one could be used as a bonus room, laundry room and the primary bedroom. The backyard has a deck for grilling and a patio with a fire pit for those chilly autumn evenings roasting marshmallows with the family .Enjoy close proximity to shops, restaurants, parks and I-85.
General Info - MLS # 3875876
Parking: Attached, Garage - 2 Car
Year Built: 2013
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Concord / Cabarrus County
Lot Size: .3 acres
Area Schools
7/10
Weddington Hills Elementary School
Distance: 1.4 mi
9/10
Harold E. Winkler Middle School
Distance: 0.7 mi
6/10
West Cabarrus High School
Distance: 0.5 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Laurel Park
Listing History
11/02/2022: MLS Sold for $555,000 (Canopy MLS)
Cumulative Days on Market: 107
More details

County Tax Data
2022 County Tax Assessment: $344,890
Next Cabarrus County Tax Assessment: 2024
2022 Property Taxes: $4,208

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

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See Sold Homes in Laurel Park
SOLD MAR 6, 2024
Sold for $214/Sq Ft & 100% of list
6 cumulative days on market
$680,000 (sales price)
5 bed  ▪  3 full bath  ▪  3,185 SqFt
530 Elizabeth Lee Dr NW
Concord, NC 28027
Laurel Park
0.1 mi.

SOLD JAN 24, 2024
Sold for $187/Sq Ft & 97% of list
52 cumulative days on market
$658,000 (sales price)
5 bed  ▪  3 full & 1 h. bath  ▪  3,510 SqFt
2694 Tyndall Dr NW
Concord, NC 28027
Laurel Park
0.2 mi.

SOLD JUL 26, 2023
Sold for $196/Sq Ft & 100% of list
12 cumulative days on market
$608,000 (sales price)
5 bed  ▪  3 full bath  ▪  3,103 SqFt
605 Harrison Dr NW
Concord, NC 28027
Laurel Park
0.1 mi.

Neighborhood Summary (single family)
Laurel Park

Sales in:

Median $ / Sq Ft (single family)
Laurel Park




28027 ZIP Code Trends
28027 ZIP Code Trends

OUR RATING: VERY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28027 is the 21st most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28027 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

15
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 15 cumulative days on market in the 28027 area. Compare this with the Charlotte metro area median of 17 days on market.

27%
Of Recently Sold Homes
Over Asking Price
27% of previously owned 28027-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28027.

46%
of Available Homes
Are Under Contract
46% of previously owned 28027-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28027 Area Metro Area
1-year + 2% + 3%
2-year - 1% + 2%
5-year +65% +66%
The price per square foot of 28027-area re-sale homes has increased by approximately 65% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $198 per square foot in 28027 over the past 90 days - as compared to $212 for the entire metro area.

15
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 15 cumulative days on market in the 28027 area. Compare this with the Charlotte metro area median of 17 days on market.

26%
Of Recently Sold Homes
Over Asking Price

26% of previously owned 28027-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28027.

Price Per Square Foot Change
Period 28027
Area
Metro
Area
1-year + 2% + 3%
2-year - 1% + 2%
5-year +65% +66%

The price per square foot of 28027-area re-sale homes has increased by approximately 65% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $198 per square foot in 28027 over the past 90 days - as compared to $212 for the entire metro area.

46%
of Available Homes
Are Under Contract

46% of previously owned 28027-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $594,236

Our computer algorithm has estimated that this home would be likely to sell in a range between $505,101 and $683,371.


Sale Details
Sales Price: $555,000
Closed: Nov 2, 2022 (512 days ago)
List Price: $576,000
Sold for: 96% of list price
Cumulative Days on Market: 107
Price/Sq Ft: $164
Remarks
(from previous listing) Beautiful 2 story home in Laurel Park. This open concept home offers a nice size kitchen with double wall oven. There is an in-law Suite on the main level and an office. Upstairs you will find 3 bedrooms (one could be used as a bonus room, laundry room and the primary bedroom. The backyard has a ...
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General Info - MLS 3875876
Parking: Attached, Garage - 2 Car
Year Built: 2013
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Concord / Cabarrus County
Lot Size: .3 acres

Neighborhood Info
Subdivision: Laurel Park
Listing History
11/02/2022: MLS Sold for $555,000 (Canopy MLS)
Cumulative Days on Market: 107
More details

Area Schools
7/10
Weddington Hills Elementary School
Distance: 1.4 mi
9/10
Harold E. Winkler Middle School
Distance: 0.7 mi
6/10
West Cabarrus High School
Distance: 0.5 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.


  More Home Details
  Map / Satellite View

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


 



1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents




1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.
If you’re looking to sell a home in the Laurel Park neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Mountain Laurel, Province Greene, and Rosewood.



CDS Data Share Based on information submitted to the MLS GRID as of 03/28/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2024 Canopy Multiple Listing Services, Inc. All rights reserved.