Homes/North Carolina/Concord/640 Downshire Rd NW
CompCasa Property Analysis · single_family

640 Downshire Rd NW

New 2026 M/I Home — 5 BR, 4.5 BA, 3,314 SF in NW Concord

Answering today’s family needs — modern, roomy, and move-in ready

5 beds4.5 baths3,314 sq ftBuilt 20262-car attached garage (builder description)
CompCasa valuation analysis
Estimated market value
$749,000
Low $712,000 · Midpoint $749,000 · High $786,000
Confidence68%Sales comparison approach
CompCasa estimate$749,000Mar 14, 2026
$712,000$749,000 midpoint$786,000
Price / sq ft$226
Median sale price$420,000
Avg days on market28 days
Inventory2.5 months

Estimate anchored to the provided list price ($748,340) and the stated 3,314 SF. Range reflects typical ±5–7% market variance for new construction product in NW Concord (no live comp pull available). Consider local recent sales and builder incentives when finalizing offer strategy.

About the property

New 2026 M/I Home — 5 BR, 4.5 BA, 3,314 SF in NW Concord

This thoughtfully designed M/I Homes floorplan delivers generous family living without sacrificing formal spaces. At 3,314 square feet, the interior balances an open gourmet kitchen and large family room with a separate formal dining area — ideal for weekday routines and weekend entertaining. The kitchen features a practical work triangle and an island that faces the family room so the cook stays connected to guests and kids. Adjacent to the main living areas is a covered patio that extends the entertaining footprint outdoors.

Five bedrooms provide flexibility: a private owner's suite upstairs plus four additional bedrooms suitable for family, guests, a home office, or hobby rooms. The presence of a jack-and-jill bathroom between two bedrooms streamlines morning logistics for children. With 4 full bathrooms and a powder room, daily routines remain smooth even for larger households. The plan also includes laundry upstairs (typical for this builder plan), linen storage, and thoughtful closets throughout.

Built in 2026, the property reflects modern construction standards and energy efficiency you’d expect from a recent M/I Homes product, and includes a 2-car attached garage for secure parking and storage. The lot is level and set on a residential street in northwest Concord, offering quick access to the I-85 corridor and shopping corridors along Concord Parkway — a practical commute for families working in the Charlotte MSA.

This listing sits well for an owner who needs space to grow or an investor seeking a turnkey newer-home rental with family appeal. Final lot details, taxes, and school assignments should be verified with county records and Cabarrus County Schools; the listing agent can provide the builder specification sheet and warranty details on request.

Property details

A 2026 single family.

Building

Year built2026
ConstructionNew Construction Wood Frame
Heatingforced_air (likely natural gas) - builder standard
Coolingcentral_ac - builder standard

Site & utilities

Garage2-car attached garage (builder description)
Stories2
ConditionExcellent
BasementNone
FireplaceNo
Improvement notesBuilt by M/I Homes per scraped description. Open-concept plan, owner's suite upstairs, formal dining, gourmet kitchen, covered patio.
TopographyLevel
FrontageResidential street frontage on Downshire Rd NW
ParkingAttached Garage And Driveway
Parking spaces2
Parking notesBuilder description indicates a 2-car garage; public record for garage not included in scraped parking block. Driveway assumed private for two vehicles.
AccessLocal residential street; easy access to primary arterials in Concord
WaterMunicipal (Likely Cabarrus County/City Of Concord)
SewerMunicipal
ElectricUtility Provider (Likely Duke Energy)
GasNatural Gas (Likely Available)
Location & nearby

Northwest Concord (near Concord/Kannapolis border)

Researched nearby locations

Concord Mills Mall (approx. 6-8 mi)
Downtown Concord / Concord Pkwy (approx. 6-8 mi)

Location

640 Downshire Rd NW, Concord, NC 28027

View in Google Maps
Editorial neighborhood context

Northwest Concord is a family-oriented suburban sector of Cabarrus County featuring a mix of established neighborhoods and new subdivisions. Residents enjoy suburban streets, relatively short drives to major retail corridors, and access to the I-85 corridor for commutes into Charlotte. Development here has trended toward larger-lot single-family homes and modern builder product that attracts growing households.

Nearby access summary

Good access to suburban parks and trails within a short drive; outdoor options increase toward larger regional parks and the lake/river corridors outside the city.

ElementaryLikely assigned within Cabarrus County Schools (example nearby: Rocky River Elementary — rating ~6/10) [assignment to be verified]
Middle schoolLikely assigned: Rocky River Middle / McAlpine Creek Middle area alternatives — rating ~6/10 [verify]
High schoolLikely assigned: Jay M. Robinson HS or Northwest Cabarrus HS — rating ~5-7/10 depending on assignment [verify]
School districtCabarrus County Schools
Market context

A factual market snapshot around 640 Downshire Rd NW.

Median sale price$420,000
Avg days on market28 days
Inventory2.5 months
1-year appreciation450.0%
5-year appreciation1800.0%
Editorial market perspective

Concord and the greater Cabarrus County area remain outposts of Charlotte metro growth, attracting buyers who want newer construction and larger footprints at a price point below comparable homes inside Charlotte proper. As of early 2026 the market balance favors sellers for well-priced, newer product, but overall buyer sensitivity to rates persists — meaning negotiation power can appear for buyers who are prepared. Median single-family prices in parts of Concord are materially lower than central Charlotte (illustrative median ~$420k in many suburban pockets), so a high-quality 5BR new build like this sits at the upper tier for the immediate submarket but remains competitive for buyers prioritizing space and modern systems. Inventory has been constrained relative to demand for move-in-ready larger homes; well-presented new builds are typically attracting interest within the first few weeks on market. Verify current comparables and days-on-market with MLS for up-to-the-day pricing strategy.

Zoning & land use

Residential single-family zoning (typical medium-density suburban residential zone)

Zoning

DescriptionResidential single-family zoning (typical medium-density suburban residential zone)
JurisdictionCabarrus County / City of Concord
Current useResidential

Research-indicated uses

  • Single Family Detached Residence
  • Accessory Uses (Per Local Code)
  • Home Occupation With Permit (Generally)
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • List price $748,340; price/sf ≈ $226 (data-provided)
  • New build by M/I Homes; high build-quality expectation
  • Estimated market value range $712k–$786k based on typical area comps
  • Likely 2-car attached garage and covered patio (builder description)
  • School assignment falls under Cabarrus County Schools — confirm exact schools
Highlights & features

What stands out about this property.

Interior Features

  • 5 bedrooms, 4.5 bathrooms
  • 3,314 sq ft open-concept living
  • Gourmet kitchen with island and informal dining area
  • Formal dining room
  • Jack-and-jill bathroom connecting two bedrooms
  • Owner's suite upstairs with en-suite bath

Exterior & Lot

  • Covered patio for outdoor living
  • Level residential lot on Downshire Rd NW
  • 2-car attached garage and private driveway
  • New construction (2026) — modern exterior finishes

Location & Neighborhood

  • Located in northwest Concord (Cabarrus County)
  • Convenient access to I-85 and Concord Parkway
  • Short drive to shopping and dining along Concord Mills corridor
  • Suburban family-oriented neighborhood

Walkability & Recreation

  • Walkability Rating: 35/100
  • Nearby parks and green spaces within a few miles
  • Good auto access to regional trails and recreational amenities
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin scraped JSONView source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.