NOT LISTED FOR SALE

1016 Ellington Downs Way Unit 3 Monroe, NC 28110

Estimated Value: $626,156 - $683,000

4 Beds
3.5 Baths
3,173 Sq Ft
$206/Sq Ft Est. Value

Last Sold August 12, 2019

Last sale price $400,000 $126 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,684/month

41 Days on Market

Highlights

  • Newly Remodeled
  • Open Floorplan
  • Engineered Wood Flooring
  • Wesley Chapel Elementary School Rated A
  • Arts and Crafts Architecture
  • Screened Porch

About This Home

As of August 2019

Former Model Home for sale as is! Beautiful Shelby plan offers double stacked front porch, home office plus two pocket offices, owner’s bedroom, oversized media room, loft, screened rear patio, exterior patio with pavers and wood-burning fireplace overlooking wooded homesite. 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 Brokerage Email: contact.charlotte@meritagehomes.com License #263639 Listed on: 04/17/2019

Co-Listed By

Jebbie Zulka

Meritage Homes of the Carolinas Brokerage Email: contact.charlotte@meritagehomes.com License #89487

Last Buyer's Agent

Sudhakar Meenige

Sudhakar Homes License #298516

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.29 Acre Lot
  • Level Lot

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Arts and Crafts Architecture
  • Slab Foundation
  • Advanced Framing
  • Spray Foam Insulation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Tray Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Family Room with Fireplace
  • Screened Porch
  • Carbon Monoxide Detectors

Kitchen

  • Walk-In Pantry
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • ENERGY STAR Qualified Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Dual Flush Toilets

Laundry

  • Laundry Room
  • Washer

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights
  • No or Low VOC Paint or Finish
  • Fresh Air Ventilation System

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06-003-165

Community Details

Overview

  • Kuester Management Association, Phone Number (704) 552-1008
  • Built by Meritage Homes
  • Ellington Downs Subdivision, Shelby C Floorplan
  • Mandatory home owners association

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,322

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 2017
  • Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 126.06
  • Attribution Contact: contact.charlotte@meritagehomes.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cable Prewire, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling(s), Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1703
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 416
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 416
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1470
  • Appliances: Dishwasher, Disposal, Dual Flush Toilets, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Light Fixtures, Exhaust Hood, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Washer
  • Above Grade Finished Sq Ft: 3173
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 3173
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 11
  • Sq Ft Other: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding, Shingle/Shake
  • Patio And Porch Features: Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Heating: ENERGY STAR Qualified Equipment, Fresh Air Ventilation, Heat Pump, Zoned
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Sidewalks, Street Lights
  • Association Fee: 189
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Kuester Management
  • Phone: 704-552-1008
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Middle Or Junior School: Weddington
  • HOA Subject To: Required

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.29
  • Lot Size Units: Acres
  • Parcel Number: 06-003-165
  • Development Status: Completed
  • Lot Size Acres: 0.29
  • Lot Size Sq Ft: 12632
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Sustainability: Advanced Framing, Engineered Wood Products, Low VOC Coatings, Spray Foam Insulation

Building Info

  • Builder Name: Meritage Homes

MLS Schools

  • Elementary School: Wesley Chapel
  • High School: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2019
Closed on
Aug 12, 2019
Sold by
Meritage Homes Of The Carolinas Inc
Bought by
Sivan Monolisa
Seller's Agent
Jimmy McClurg
Meritage Homes of the Carolinas
Buyer's Agent
Sudhakar Meenige
Sudhakar Homes
List Price
$425,145
Sold Price
$400,000
Premium/Discount to List
-$25,145
-5.91%
Current Estimated Value
$653,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,289
Avg. Annual Appreciation
8.22%
Original Mortgage
$380,000
Outstanding Balance
$332,810
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$320,479

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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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
Sivan Monolisa $400,000 None Available
Meritage Homes Of The Carolinas Inc $252,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sivan Monolisa $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2019 08/12/19 Sold $400,000 -5.9% $126 / Sq Ft
05/28/2019 05/28/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $425,145 -- $134 / 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 $2,322 $369,900 $87,000 $282,900
2023 $2,418 $386,500 $87,000 $299,500
2022 $2,418 $386,500 $87,000 $299,500
2021 $2,412 $386,500 $87,000 $299,500
2020 $2,436 $316,300 $52,000 $264,300
2019 $2,424 $316,300 $52,000 $264,300
2018 $398 $316,300 $52,000 $264,300
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: 3497460

Canopy MLS (Canopy Realtor® Association)

APN: 06-003-165