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620 Nutgrove Dr NW, Concord, NC, 28027

5beds
5baths
3,543sqft
$719,990
$203price/sqft
$4,214/moest. monthly cost
$168,560/yrincome needed

About This Home

Welcome to 620 Nutgrove Drive Northwest, Concord, North Carolina — a stunning new construction home built by M/I Homes. This thoughtfully designed home offers 3,543 square foot of well-planned living space, featuring 5 bedrooms, 4.5 bathrooms, and an inviting open-concept living space perfect for everyday living and entertaining. This home includes the following: 3,543 square foot of spacious living area 5 bedrooms and 4.5 bathrooms throughout the home Owner's bedroom conveniently located on the upper level Open-concept living space ideal for gathering and entertaining 3-car garage This home showcases the quality of design that M/I Homes is known for. Every detail has been carefully considered, from the layout of the open-concept living space to the placement of the upper-level owner's bedroom, which provides a private retreat away from the main living areas. The generous 4 bathrooms ensure convenience for both residents and guests alike. With 3,543 square foot of living space, this home delivers room to grow and the flexibility to make each space your own. The neighborhood setting offers a welcoming atmosphere, with proximity to parks that provide opportunities for outdoor recreation and relaxation. The quality construction and smart design choices throughout this home reflect a commitment to lasting value and everyday comfort.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
17
BikeSomewhat Bikeable

Schools

--
W R Odell PrimaryGrades K-21.0 mi
4/10
6/10
Northwest Cabarrus HighGrades 9-124.0 mi

Construction

Condition

  • Property condition: New Construction,Under Construction
  • New construction: Yes
  • Year built: 2026

Other

  • Builder name: M/I Homes

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Interior Area

  • Total interior livable area: 3,543 sqft

Property

Details

  • Parcel number: 46816282150000

Features

  • Levels: 2.0
  • Stories: 2

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Tornado

FEMA Declared Disasters in Cabarrus County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,640$43,680
Home Insurance *$217$2,604
Property Taxes $28$336
Electricity $329$3,959
Total$4,214$50,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$144,480/yr
40% on housing$126,420/yr
45% on housing$112,373/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$203This listing

vs Other Active Listings

Avg $/sqft

ZIP 28027$183
Cabarrus County$176

vs Homes Sold Last Month

Median $/sqft

ZIP 28027$205
Cabarrus County$199

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-24Listed for sale$794,550

New Construction Spec

AgentM/I Homes of Charlotte, LLC
BrokerageM/I Homes

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