$748,340
640 Downshire Rd NW, Concord, NC 28027
New 2026 M/I Home — 5 BR, 4.5 BA, 3,314 SF in NW Concord
5 Bed · 4.5 Bath · 3,314 Sq Ft
Answering today’s family needs — modern, roomy, and move-in ready
5
Beds
4.5
Baths
3,314
Sq Ft
2026
Built
TBD acres
Lot
2-car attached garage
Garage
About 640 Downshire Rd NW
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.
Home Highlights
Property Features
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
Neighborhood & Location
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.
Market Insights
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.
Nearby Schools
Cabarrus County Schools - assignment to be verified
District · Varies by school boundary
Rocky River Elementary (example nearby)
Elementary · ≈ 3-6 mi
Rocky River Middle / McAlpine Creek Middle (example)
Middle · ≈ 3-6 mi
Jay M. Robinson High (example nearby)
High · ≈ 4-7 mi
Walkability & Recreation
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.
Investment Highlights
- New construction (2026) — modern systems and builder warranties
- Large floorplan: 5 beds and 4.5 baths across 3,314 SF
- Open-concept gourmet kitchen and formal dining — good resale appeal
- Owner's suite upstairs for separation and privacy
- Located in Cabarrus County with easy access to I-85 and Charlotte
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
Things to Consider
- Exact lot size and parcel-level zoning code not available in scraped data — verify with county
- Public records in the scrape show parking as 'no garage' but builder description states 2-car garage — confirm physical condition
- School assignment and ratings are approximate; buyer should verify with the district
- No current tax/assessment data provided — check county assessor for tax impact on carrying costs
Opportunity Analysis
Purchase a new-construction, move-in-ready family home in a growth corridor of the Charlotte MSA where demand for 4+ bedroom homes remains solid. Hold 3–7 years for appreciation tied to continued regional growth or retain as a long-term rental targeting families seeking newer construction outside Charlotte.
Potential Use Scenarios
- For owner-occupant buyers: negotiate around closing timeline or builder options; inspect appliance/finish allowances
- For investors: obtain local rent comps and consider targeting long-term family tenants; expect above-average rents for 5BR newer homes
- Obtain complete parcel and tax records before contract to confirm lot/utility details
Risk Factors
- Interest-rate sensitivity affecting buyer pool
- Local school boundary changes could affect resale demand
- Competition from other new builds and spec inventory in Cabarrus County
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$712K
Midpoint
$749K
High
$786K
$226/SF estimated price per square foot
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.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Cabarrus County and the Charlotte metro fringe have continued steady population and income growth driven by affordability relative to Charlotte; 3–5% annual population growth in some suburban pockets over recent years (moderate confidence).
Nearby Points of Interest
- Concord Mills Mall (approx. 6-8 mi)
- Downtown Concord / Concord Pkwy (approx. 6-8 mi)
Suburban neighborhood with quick access to shopping, dining corridors along Concord Parkway and the I-85 corridor. Nearby parks and trails, and a mix of older and new construction subdivisions.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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