At $175,000, this Modern traditional at 4834 Covington Dr NW in Concord, NC 28027 represents a benchmark for custom home construction along this established drive. Completed during the pre-recession recovery cycle, this 2005 transaction demonstrates the sustained demand for The Peters Team' signature quality in the 28027 corridor.
The Peters Team represented the buyer in this transaction, guiding them through every stage of the acquisition process — from initial property evaluation and construction oversight to final closing.
The Concord market has long attracted discerning buyers seeking charlotte motor speedway and concord mills mall. Concord offers a compelling blend of motorsports excitement and family-friendly neighborhoods. Home to Charlotte Motor Speedway and Concord Mills, the city provides excellent schools, diverse housing options, and easy access to Charlotte's employment centers. Properties on established drives like Dr NW benefit directly from this desirability, as evidenced by the $175,000 closing price achieved in 2005.
This property transacted during the recovery period following the 2008 financial crisis, a time when savvy buyers recognized the opportunity to acquire custom-built quality at compelling valuations. The $175,000 price point in 2005 has proven to be an excellent entry point, as Concord property values have appreciated significantly in the years since.
The Peters Team has delivered over 280 residences across the Carolinas, earning a reputation as one of the region's most dependable luxury builders. Every project begins with a detailed understanding of the homeowner's vision and ends with a residence that exceeds expectations — from the structural engineering and foundation work to the final coat of paint and landscaping installation.
The 28027 ZIP code, encompassing this section of Concord, is served by Cabarrus County Schools and falls within Cabarrus County. One of the fastest-growing cities in the Charlotte metro, with strong property appreciation. Homeowners at 4834 Covington Dr NW benefit from affordable luxury and growing job market, creating a lifestyle that balances convenience with the privacy and space that custom home living provides.