NOT LISTED FOR SALE

1012 Ellington Downs Way Unit 2 Monroe, NC 28110

Estimated Value: $679,000 - $744,000

4 Beds
3.5 Baths
3,110 Sq Ft
$224/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $450,000 $145 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,916/month

12 Days on Market

Highlights

  • Newly Remodeled
  • Open Floorplan
  • Wood Flooring
  • Wesley Chapel Elementary School Rated A
  • Arts and Crafts Architecture
  • Community Pool

About This Home

As of June 2019

Former Model Home for sale as is! Thornhill plan includes 2-story foyer, 5” hardwoods throughout first floor including first-floor owner’s bedroom with sitting room and oversized double shower in bath, gourmet kitchen, gas fireplace, 10’ ceilings on first floor, formal dining area, and screened rear patio. Ellington Downs private community amenities will include a resort-style swimming pool with cabana and playground. Known for our energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills. Furniture & accessories do not convey.

Last Agent to Sell the Property

Jimmy McClurg

Meritage Homes of the Carolinas License #263639 Listed on: 04/17/2019

Last Buyer's Agent

Calla Wilcox

Helen Adams Realty License #101281

Helen Adams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,401

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • Level Lot
  • Many Trees

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Arts and Crafts Architecture
  • Slab Foundation
  • Spray Foam Insulation
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Insulated Windows

Kitchen

  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Listing and Financial Details

  • Assessor Parcel Number 06003164

Community Details

Overview

  • Kuester Management Association, Phone Number (704) 552-1008
  • Built by Meritage Homes

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,401

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.92595
  • Ratio Close Price By Original Li: 0.92595
  • Ratio Current Price By Acre: 1285714.29
  • Ratio Current Price By Sq Ft: 144.69
  • Year Built: 2017
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1114
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), CO Detector, Cable Prewire, Cooktop Gas, Disposal, Dishwasher, Gas Range, Ice Maker Connection, Microwave, Refrigerator, Exhaust Hood, Security System, Washer, g-Dual Flush Toilets, g-Energy Star® Dishwasher, g-Energy Star® Light Fixtures, Gas Oven
  • Fireplace Description: FAMILYRM, Gas Logs
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-552-1008
  • Interior Amenities: Built-Ins, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1996
  • Total Sq Ft: 3110
  • Sq Ft Unheated Main: 416
  • Sq Ft Unheated Total: 416

Exterior Features

  • Construction: Cedar Shake, Hardboard Siding, Shingle, Stone
  • Construction Type: Site Built
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Green Building Features: g-Engineered Wood Products, g-Low VOC Coatings, g-Spray Foam Insulation
  • Heating: Central Air, g-Energy Star HVAC, g-Fresh Air Ventilation, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water

Condo/Co-op/Association

  • Community Features: Playground, Outdoor Pool, Sidewalk, Street Lights
  • Association Fee: 189.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Kuester Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Wesley Chapel
  • Middle School: Weddington
  • High School: Weddington

Lot Info

  • Lot Features: Level, Trees
  • Lot Size Area: 0.350
  • Parcel Number: 06003164
  • Zoning Specification: RES

Building Info

  • Builder Name: Meritage Homes

Tax Info

  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2021
Sold by
Stahl Angela R
Bought by
Gahlawat Sumit and Gahlawat Seema Khatri
Current Estimated Value
$696,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,225
Outstanding Balance
$391,264
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$305,187

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 20, 2019
Sold by
Meritage Homes Of The Carolinas Inc
Bought by
Stahl Angela R
Seller's Agent
Jimmy McClurg
Meritage Homes of the Carolinas
Buyer's Agent
Calla Wilcox
Helen Adams Realty
List Price
$485,985
Sold Price
$450,000
Premium/Discount to List
-$35,985
-7.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$427,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2016
Sold by
Mrec Weddjngton Creek Llc
Bought by
Meritage Homes Of The Carolinas Inc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gahlawat Sumit $510,000 None Available
Stahl Angela R $450,000 None Available
Meritage Homes Of The Carolinas Inc $252,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gahlawat Sumit $438,225
Previous Owner Stahl Angela R $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2019 06/20/19 Sold $450,000 -7.4% $145 / Sq Ft
04/29/2019 04/29/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $485,985 -- $156 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,401 $382,400 $87,000 $295,400
2023 $2,392 $382,400 $87,000 $295,400
2022 $2,392 $382,400 $87,000 $295,400
2021 $2,387 $382,400 $87,000 $295,400
2020 $2,400 $311,600 $52,000 $259,600
2019 $2,388 $311,600 $52,000 $259,600
2018 $398 $311,600 $52,000 $259,600
2017 $421 $52,000 $52,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3497479

Canopy MLS (Canopy Realtor® Association)

APN: 06-003-164