NOT LISTED FOR SALE

1022 Lake Forest Dr Matthews, NC 28104

Estimated Value: $998,000 - $1,353,000

5 Beds
5 Baths
5,818 Sq Ft
$208/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $900,000 $155 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,959/month

3 Days on Market

Highlights

  • Open Floorplan
  • Community Lake
  • Private Lot
  • Weddington Elementary School Rated A
  • Clubhouse
  • Traditional Architecture

About This Home

As of September 2021

This stunning Weddington home boasts impressive curb appeal, an expansive floor plan, and nearly 1/2 acre of a meticulously manicured LEVEL LOT lot in the highly sought after Weddington School District! The open kitchen includes SS appl, expansive island & an oversized Breakfast Area filled with natural light. The expanded Great Room has a high vaulted ceiling, gas fireplace & floor to ceiling windows. The main level also features a huge, private WORK FROM HOME OFFICE SPACE & GUEST ROOM with EN SUITE! Upstairs you will find an over sized Primary bedroom with dual walk closets & sitting area, a separate flex space, and 3 additional bedrooms- one bedroom is oversized with an En Suite! The 3rd floor is ideal for an optional 6th bedroom or media/play room and is complete with its' own full bath. Be prepared to fall in love with the EXPANSIVE PRIVATE PARK-LIKE backyard which backs up the the HOA Preserves for extended privacy/enjoyment! Convenient location to Waverly, Ballantyne, & 485!

Last Agent to Sell the Property

Tina Kostelnik

Corcoran HM Properties License #301381 Listed on: 08/06/2021

Corcoran HM Properties

Co-Listed By

David Kostelnik

Corcoran HM Properties License #301380

Last Buyer's Agent

Kathryn Lancaster

Dickens Mitchener & Associates Inc License #119408

Dickens Mitchener & Associates Inc

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Private Lot
  • Level Lot
  • Irrigation
  • Many Trees

HOA Fees

  • $110 Monthly HOA Fees

Parking

  • 3

Home Design

  • Traditional Architecture

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Mud Room
  • Crawl Space
  • Breakfast Bar
  • Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 5 Full Bathrooms
  • Garden Bath

Listing and Financial Details

  • Assessor Parcel Number 06-099-273
  • Tax Block 1A

Community Details

Overview

  • Braesael Association, Phone Number (704) 847-3507
  • Built by Orleans
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Indoor Game Court
  • Recreation Facilities
  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$110 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 3 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.02857
  • Ratio Close Price By Original Li: 1.02857
  • Ratio Current Price By Acre: 2195121.95
  • Ratio Current Price By Sq Ft: 154.69
  • Year Built: 2006
  • Special Features: None
  • Stories: 3

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 2354
  • Full Bathrooms: 5
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Equipment: Cable Prewire, Ceiling Fan(s), Convection Oven, Cooktop Electric, Dishwasher, Disposal, Exhaust Fan, Microwave, Natural Gas, Self Cleaning Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-847-3507
  • Interior Amenities: Attic Walk-in, Breakfast Bar, Drop Zone, Garden Tub, Open Floorplan, Split BR Plan, Tray Ceiling, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 3
  • Main Level Sq Ft: 2883
  • Third Level Sq Ft: 581
  • Total Sq Ft: 5818

Exterior Features

  • Construction: Brick Full, Fiber Cement
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 3 Car, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: County Sewer
  • Water: County Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Game Court, Lake, Outdoor Pool, Playground, Recreation Area, Sidewalk, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 660.00
  • Association Fee Frequency: Semi-Annually
  • HOA Management Company: Braesael
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Weddington
  • Middle School: Weddington
  • High School: Weddington

Lot Info

  • Lot Features: Level, Private, Trees
  • Lot Size Area: 0.410
  • Parcel Number: 06-099-273
  • Plat Book Slide: I
  • Zoning Specification: r40

Building Info

  • Builder Name: Orleans

Tax Info

  • Tax Value: 740500.00
  • Tax Block: 1A
  • Tax Location: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Sep 27, 2021
Sold by
Seybold Gary L and Seybold Christine G
Bought by
Suarez David H and Suarez Tara S
Seller's Agent
Tina Kostelnik
Corcoran HM Properties
Buyer's Agent
Kathryn Lancaster
Dickens Mitchener & Associates Inc
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%
Current Estimated Value
$1,210,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,456
Avg. Annual Appreciation
7.61%
Original Mortgage
$548,250
Outstanding Balance
$499,953
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$710,503

Purchase Details

Closed on
Jun 21, 2007
Sold by
Parker & Orleans Homebuilders Inc
Bought by
Seybold Gary L and Seybold Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
6.16%
Mortgage Type
Unknown
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
Suarez David H $900,000 None Available
Seybold Gary L $670,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suarez David H $548,250
Previous Owner Seybold Gary L $410,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $900,000 +2.9% $155 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $875,000 -- $150 / 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 $5,172 $751,900 $124,500 $627,400
2023 $4,760 $751,900 $124,500 $627,400
2022 $4,710 $740,500 $124,500 $616,000
2021 $4,710 $740,500 $124,500 $616,000
2020 $4,663 $638,000 $93,000 $545,000
2019 $4,995 $638,000 $93,000 $545,000
2018 $4,663 $638,000 $93,000 $545,000
2017 $4,983 $638,000 $93,000 $545,000
2016 $4,890 $638,000 $93,000 $545,000
2015 $4,954 $638,000 $93,000 $545,000
2014 $4,709 $685,490 $100,000 $585,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3767756

Canopy MLS (Canopy Realtor® Association)

APN: 06-099-273