NOT LISTED FOR SALE

1027 Ellington Downs Way Monroe, NC 28110

Estimated Value: $543,000 - $551,408

4 Beds
2.5 Baths
2,468 Sq Ft
$222/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $333,000 $135 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $3,124/month

76 Days on Market

Highlights

  • Under Construction
  • Open Floorplan
  • Engineered Wood Flooring
  • Wesley Chapel Elementary School Rated A
  • Traditional Architecture
  • Community Pool

About This Home

As of December 2019

Brand NEW energy-efficient home ready November 2019! Washer, dryer, blinds, refrigerator included! Send the kids up to play in the Brooklyn’s spacious loft while entertaining downstairs in the open kitchen. First-floor flex space makes a useful work area, while the luxurious owner’s suite is ideal for relaxing. 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.

Last Agent to Sell the Property

Jimmy McClurg

Meritage Homes of the Carolinas Brokerage Email: contact.charlotte@meritagehomes.com License #263639 Listed on: 09/27/2019

Co-Listed By

Jebbie Zulka

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

Last Buyer's Agent

Darlene Price

NorthGroup Real Estate LLC License #196927

NorthGroup Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 8,712

HOA Fees

  • $62 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Advanced Framing
  • Spray Foam Insulation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Gas Log Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Engineered Wood Flooring
  • Pull Down Stairs to Attic
  • Carbon Monoxide Detectors

Kitchen

  • Walk-In Pantry
  • Gas Oven
  • Gas Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level

Eco-Friendly Details

  • 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 Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • 8,712 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 06003195

Community Details

Overview

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

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2019 | Under Construction

Lot Details

0

HOA Fees

$62 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2019
  • Proposed Completion Date: 2019-12-15
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 134.93
  • Attribution Contact: contact.charlotte@meritagehomes.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Kitchen Island, Open Floorplan, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1085
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 434
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 434
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1383
  • Appliances: Electric Water Heater, Gas Oven, Gas Range
  • Above Grade Finished Sq Ft: 2468
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log
  • Living Area: 2468
  • Window Features: Insulated Window(s)
  • Bedroom Main: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding
  • Patio And Porch Features: Covered

Garage/Parking

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

Utilities

  • Heating: Forced Air, Fresh Air Ventilation, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Upper Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Sidewalks
  • Association Fee: 62
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Kuester Management
  • Phone: 704-552-1008
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06003195
  • Development Status: Under Construction
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712
  • 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
Sep 27, 2019
Closed on
Dec 30, 2019
Sold by
Meritage Homes Of The Carolinas Inc
Bought by
Schuetz Kelly J and Schuetz Scott D
Seller's Agent
Jimmy McClurg
Meritage Homes of the Carolinas
Buyer's Agent
Darlene Price
NorthGroup Real Estate LLC
List Price
$355,900
Sold Price
$333,000
Premium/Discount to List
-$22,900
-6.43%
Current Estimated Value
$545,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,214
Avg. Annual Appreciation
8.59%
Original Mortgage
$250,000
Outstanding Balance
$219,459
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$327,745

Purchase Details

Closed on
Feb 19, 2019
Sold by
Mrec Weddington Creek Llc
Bought by
Meritage Homes Of The Carolinas Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Schuetz Kelly J $333,000 None Available
Meritage Homes Of The Carolinas Inc $1,235,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schuetz Kelly J $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2019 12/31/19 Sold $333,000 -4.8% $135 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
12/03/2019 12/03/19 Price Changed $349,900 -0.7% $142 / Sq Ft
11/19/2019 11/19/19 Price Changed $352,400 -0.3% $143 / Sq Ft
10/29/2019 10/29/19 Price Changed $353,400 +1.4% $143 / Sq Ft
10/14/2019 10/14/19 Price Changed $348,400 -2.1% $141 / Sq Ft
09/27/2019 09/27/19 For Sale $355,900 -- $144 / 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
2025 $2,526 $543,600 $0 $0
2024 $2,156 $343,400 $87,000 $256,400
2023 $2,148 $343,400 $87,000 $256,400
2022 $2,148 $343,400 $87,000 $256,400
2021 $2,143 $343,400 $87,000 $256,400
2020 $2,026 $52,000 $52,000 $0
2019 $398 $52,000 $52,000 $0
2018 $398 $52,000 $52,000 $0
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: 3554613

Canopy MLS (Canopy Realtor® Association)

APN: 06-003-195