$250,000
SOLD DEC 23, 2024

338 Magnolia St NW Concord, NC 28025

4 Beds
2 Baths
1,383 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$181 Per Sq Ft

3% Above List Price

57 Days on Market

Highlights

  • Wood Flooring
  • Covered patio or porch
  • Four Sided Brick Exterior Elevation
  • Weddington Hills Elementary School Rated A-
  • Laundry Room
  • Ceiling Fan

About This Home

As of December 2024

Investment Opportunity! All Brick, easy to maintain duplex located in a great rental area of Concord. Both units are freshly painted & feature 2 bedrooms,1 bath, LR, kitchen & laundry area. The LR's & BR's have hardwood floors & ceiling fans, Kitchens w/new stoves & refrigerators, window unit a/c's & furnaces. Unit 338 is currently on a month to month lease, while unit 340 is vacant, cleaned & ready to rent making this duplex a turnkey investment for immediate income! This property is being sold "as is". The seller has worked diligently to prepare it for sell in great condition & is not aware of any current issues. The home is located just 1.5 miles from downtown Concord, which is undergoing significant renovations & improvements & less than a mile to Gibson Mills, home to restaurants, breweries, shops & more. Unit 338 is tenant occupied & will not be shown until an acceptable offer has been received. See addil't duplex for sale next door at 297 Moore Dr/346 Magnolia St.

Last Agent to Sell the Property

Christine Stewart

Allen Tate Concord Brokerage Email: christine.stewart@allentate.com License #189875

Allen Tate Concord

Last Buyer's Agent

John Shaw

COMPASS License #276702

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Wood Fence
  • Barbed Wire
  • Back Yard Fenced

Parking

  • 2 Parking Spaces

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,383 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Covered patio or porch

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 5620-38-7991-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Road Surface Type: Dirt, Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: christine.stewart@allentate.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Appliances: Electric Range, Refrigerator
  • Owner Pays: None
  • Above Grade Finished Sq Ft: 1383
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1383
  • Unit Type Features: Ceiling Fan(s)

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Back Yard, Barbed Wire, Fenced, Partial, Wood
  • Construction Type: Brick Full, Vinyl
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Total Parking Spaces: 2
  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Natural Gas, Wall Furnace
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Mud Room, Inside, Washer Hookup
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.13
  • Lot Size Units: Acres
  • Parcel Number: 5620-38-7991-0000
  • Zoning: RC
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RC

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $250,000 +2.5% $181 / Sq Ft
11/19/2024 11/19/24 For Sale $243,900 -2.4% $176 / Sq Ft
09/30/2024 09/30/24 Off Market $250,000 -- --
09/26/2024 09/26/24 For Sale $243,900 -- $176 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Similar Home in Concord, NC

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    Truly an exceptional opportunity you won’t want to miss! Nestled in the heart of the desirable Logan neighborhood in Concord, this beautifully remodeled "Shotgun Home" is a perfect blend of modern upgrades and classic charm. Every inch of this duplex has been thoughtfully renovated—it's essentially brand-new, making it an ideal choice for investors looking for a turnkey property or families

    Lenora Bennett ERA Live Moore

    Section Image

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4186196

Canopy MLS (Canopy Realtor® Association)

APN: 5620 38 7991