NOT LISTED FOR SALE

1023 Farm Creek Rd Waxhaw, NC 28173

Estimated Value: $1,180,000 - $1,429,000

3 Beds
3 Baths
3,725 Sq Ft
$343/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $975,000 $262 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,341/month

14 Days on Market

Highlights

  • Barn
  • Stables
  • Traditional Architecture
  • New Town Elementary School Rated A
  • In Ground Pool
  • Outdoor Fireplace

About This Home

As of August 2021

RARE FIND! Custom home located in the well sought after Fairfax Farms neighborhood in Waxhaw, NC. You are sure to be the envy of the neighborhood with this one of a kind backyard oasis. The outdoor kitchen is the perfect place to enjoy friends and family this Summer. Cool off in the salt water pool, listen to the tranquil pool fountain, or enjoy music while relaxing in the hot tub. Just a few steps away the unique barn makes you feel like you have taken a step back in time to a European villa. This gated property features over 2 1/2 acres but is close to top rated schools, restaurants and shopping. Hurry before this one is gone!

Last Agent to Sell the Property

Michael Alexander

Alexander Realty & Construction License #208794 Listed on: 06/15/2021

Last Buyer's Agent

Valérie Dulude

Premier Sotheby's International Realty License #320961

Premier Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • Irrigation
  • Cleared Lot
  • Many Trees

Parking

  • Attached Garage
  • Circular Driveway

Home Design

  • Traditional Architecture

Interior Spaces

  • Wet Bar
  • Gas Log Fireplace
  • Crawl Space
  • Kitchen Island
  • Attic

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Outdoor Fireplace
  • Outdoor Kitchen

Farming

  • Barn
  • Fenced For Cattle

Horse Facilities and Amenities

  • Stables

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06-105-091

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.98485
  • Ratio Close Price By Original Li: 0.84783
  • Ratio Current Price By Acre: 359778.60
  • Ratio Current Price By Sq Ft: 261.74
  • Year Built: 1988
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 1404
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Microwave, Trash Compactor, Wall Oven, Warming Drawer
  • Fireplace Description: Gas Logs, Great Room, Porch
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk-in, Built-Ins, Cable Available, Hot Tub, Kitchen Island, Split BR Plan, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Additional: 242
  • Main Level Sq Ft: 2321
  • Total Sq Ft: 3725

Exterior Features

  • Construction: Brick Full, Shingle
  • Construction Type: Site Built
  • Exterior Features: Barn(s), Fenced Pasture, Fenced Yard, Hot Tub, In-Ground Irrigation, Outdoor Fireplace, Outdoor Kitchen, Pool-In-Ground, Stable

Garage/Parking

  • Driveway: Circular, Cobblestone, Gated
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Parking Space - 4+

Utilities

  • Heating: Central Air, Electric Hot Air
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Schools

  • Elementary School: New Town
  • Middle School: Cuthbertson
  • High School: Cuthbertson

Lot Info

  • Lot Features: Cleared, Trees
  • Lot Size Area: 2.710
  • Parcel Number: 06-105-091
  • Zoning Specification: R-40

Tax Info

  • Tax Value: 687800.00
  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Aug 9, 2021
Sold by
Nye Kenneth M and Nye Sheila M
Bought by
Friedel Omri and Lemus Sandra Ponce
Seller's Agent
Michael Alexander
Alexander Realty & Construction
Buyer's Agent
Valérie Dulude
Premier Sotheby's International Realty
List Price
$1,150,000
Sold Price
$975,000
Premium/Discount to List
-$175,000
-15.22%
Current Estimated Value
$1,278,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$303,701
Avg. Annual Appreciation
7.87%
Original Mortgage
$750,000
Outstanding Balance
$693,080
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$633,218
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
Friedel Omri $975,000 Barristers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemus Sandra Ponce $100,000
Open Friedel Omri $750,000
Previous Owner Nye Kenneth M $29,035
Previous Owner Nye Kenneth M $121,100
Previous Owner Nye Sheila M $50,000
Previous Owner Nye Kenneth M $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Sold $975,000 -1.5% $262 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/27/2021 06/27/21 Price Changed $990,000 -13.9% $266 / Sq Ft
06/15/2021 06/15/21 For Sale $1,150,000 -- $309 / 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 $5,119 $815,400 $113,300 $702,100
2023 $4,302 $687,800 $113,300 $574,500
2022 $4,302 $687,800 $113,300 $574,500
2021 $4,293 $687,800 $113,300 $574,500
2020 $3,378 $438,550 $97,650 $340,900
2019 $3,361 $438,550 $97,650 $340,900
2018 $3,361 $438,550 $97,650 $340,900
2017 $3,554 $438,600 $97,700 $340,900
2016 $3,490 $438,550 $97,650 $340,900
2015 $3,529 $438,550 $97,650 $340,900
2014 $2,664 $387,770 $99,200 $288,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3749597

Canopy MLS (Canopy Realtor® Association)

APN: 06-105-091