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5431 Village Dr NW, Concord, NC, 28027

1beds
1baths
653sqft
$199,000
$305price/sqft
$1,428/moest. monthly cost
$57,120/yrincome needed

About This Home

Enjoy a rare opportunity for low-maintenance living in this one-bedroom condo in the heart of Afton Village, just a minute from I-85. This condo is located on the second floor only. The building offers secure entry with both an open stairway and elevator access. Step outside and enjoy the walkable lifestyle Afton Village is known for, with restaurants, Dorton Park, fitness options, urgent care and shops all just a short stroll away. Plentiful parking is located behind the building and is not assigned.

Getting Around

53
WalkingSomewhat Walkable
20
TransitMinimal Transit
38
BikeSomewhat Bikeable

Schools

9/10
7/10
6/10
West Cabarrus HighGrades 9-121.6 mi

Construction

Condition

  • Year built: 2003

Materials

  • Foundation: Slab
  • Construction materials: Brick Full

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Electric Oven,Electric Water Heater,Microwave,Refrigerator
  • Laundry features: Laundry Closet

Bathroom Full

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Features

  • Flooring: Tile,Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 653

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 653
  • Total interior livable area: 653 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Primary Bedroom

  • Features: En Suite Bathroom
  • Level: Main

Property

Details

  • Parcel number: 5600 29 4758 0205
  • Zoning: TND
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Entry location: Main
  • Patio & porch: Balcony

Parking

  • Parking features: Parking Lot

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 FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Tornado
Lightning
Strong Wind
Winter Weather

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 $1,006$12,072
Home Insurance *$60$720
Property Taxes $162$1,944
Electricity $200$2,405
Total$1,428$17,136
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$48,960/yr
40% on housing$42,840/yr
45% on housing$38,080/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

$305This listing

vs Other Active Listings

Avg $/sqft

ZIP 28027$184
Cabarrus County$177

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)

No zestimate history available

Price History

DateEventPrice
2026-08-12Pending sale$189,000
2026-08-06Price change$189,000
2026-07-06Listed for sale$199,000
2021-06-28Sold$170,000
2021-06-13Pending sale$165,000
2021-06-10Listed for sale$165,000
2021-03-24Listing removed--
2018-01-01Listing removed$875
2017-12-30Listed for rent$875
2003-11-21Sold$82,500

For Sale by Agent

AgentBonnie McDonald
BrokerageBonnie S. McDonald Real Estate

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