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650 Nutgrove Dr NW, Concord, NC, 28027

5beds
4baths
2,980sqft
$729,835
$245price/sqft
$4,208/moest. monthly cost
$168,320/yrincome needed

About This Home

Welcome to 650 Nutgrove Drive Northwest, Concord, North Carolina — a stunning new construction home built by M/I Homes. This thoughtfully designed home offers 2,980 square feet of living space, 4 bathrooms, and a well-crafted floorplan that delivers both comfort and style. Step inside to discover an inviting open-concept living space that creates a seamless flow between the main gathering areas, perfect for everyday living and entertaining. The quality of design is evident throughout, with carefully selected finishes and attention to detail in every room. The owner's bedroom is conveniently located on the upper level, providing a private retreat complete with an en-suite bathroom. The home's generous layout ensures every member of the household has room to spread out and enjoy their own space. This home includes the following: 2,980 square feet of living space 5 bedrooms and 4 full bathrooms Owner's bedroom located upstairs with en-suite bathroom Open-concept living space Quality craftsmanship and thoughtful design throughout 2-car garage This home reflects the quality and craftsmanship that M/I Homes is known for, offering a fresh and functional layout designed for today's lifestyle. Every detail has been considered to provide a comfortable and well-appointed living experience in a neighborhood that offers convenient access to nearby parks and green spaces.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
11
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: 4
  • Full bathrooms: 4

Interior Area

  • Total interior livable area: 2,980 sqft

Property

Details

  • Parcel number: 46816275410000

Features

  • Levels: 2.0
  • Stories: 2

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2

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 $3,690$44,280
Home Insurance *$220$2,640
Property Taxes $21$252
Electricity $277$3,330
Total$4,208$50,496
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$144,274/yr
40% on housing$126,240/yr
45% on housing$112,213/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

$245This 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$729,835

New Construction Spec

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

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