NOT LISTED FOR SALE

1031 Ellington Downs Way Monroe, NC 28110

Estimated Value: $613,712 - $671,000

4 Beds
3.5 Baths
3,270 Sq Ft
$193/Sq Ft Est. Value

Last Sold October 12, 2020

Last sale price $389,000 $119 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,609/month

44 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Community Pool
  • Wesley Chapel Elementary School Rated A
  • Wood Flooring
  • Walk-In Pantry

About This Home

As of October 2020

3D Tour https://my.matterport.com/show/?m=TT99zi3G26q&mls=1 View this immaculate 4 bedroom, 3.5 bath 2-story home on a large corner lot in the Ellington Downs subdivision! On the main floor, find gorgeous hardwood flooring throughout leading to a spacious family room and a luxurious kitchen. There, you will love the huge quartz island, ample cabinet storage, lots of counter space, and an additional pantry space. Master suite is on the main level and you can get together in the screened in porch out the eat-in area. Upstairs, find a spacious loft and an over-sized media/ bonus room, perfect for entertainment. All rooms are bright and spacious. The community offers a resort style swimming pool with cabana and playground. Schedule a private home tour today!

Last Agent to Sell the Property

Trent Corbin

Keller Williams South Park License #266315 Listed on: 07/30/2020

Keller Williams South Park

Co-Listed By

Brandon Young

Green Olive Realty, LLC License #295576

Last Buyer's Agent

Nick Tarcea

Coldwell Banker Realty License #290010

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019

Lot Details

  • 0.25

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Tray Ceiling
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06-003-194

Community Details

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2019

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.97494
  • Ratio Close Price By Original Li: 0.90676
  • Ratio Current Price By Acre: 1556000.00
  • Ratio Current Price By Sq Ft: 118.96
  • Year Built: 2019
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1589
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Cooktop Gas, Disposal, Exhaust Fan, Microwave, Natural Gas, Wall Oven
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cable Available, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1681
  • Total Sq Ft: 3270

Exterior Features

  • Construction: Hardboard Siding, Stone
  • Construction Type: Site Built

Garage/Parking

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

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Sidewalk, Street Lights
  • Association Fee: 188.50
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Parcel Number: 06-003-194
  • Zoning Specification: Res

Tax Info

  • Tax Value: 309900.00
  • Tax Location: Union

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Oct 12, 2020
Sold by
Park Seon H and Park James Y
Bought by
Modrak Nicholas James and Modrak Nicole Marie
Seller's Agent
Trent Corbin
Keller Williams South Park
Buyer's Agent
Nick Tarcea
Coldwell Banker Realty
List Price
$429,000
Sold Price
$389,000
Premium/Discount to List
-$40,000
-9.32%
Current Estimated Value
$631,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,678
Avg. Annual Appreciation
9.65%
Original Mortgage
$369,550
Outstanding Balance
$327,206
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$304,472

Purchase Details

Closed on
Jul 25, 2019
Sold by
Meritage Homes Of The Carolinas Inc
Bought by
Park Seon H and Park James Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,250
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2017
Sold by
Mrec Weddincton Creek Llc
Bought by
Meritage Bomes Of The Carolinas Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Modrak Nicholas James $389,000 Chicago Title
Park Seon H $355,000 None Available
Meritage Bomes Of The Carolinas Inc $428,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Modrak Nicholas James $369,550
Previous Owner Park Seon H $337,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2020 10/12/20 Sold $389,000 -2.5% $119 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/01/2020 09/01/20 Price Changed $399,000 -2.7% $122 / Sq Ft
08/13/2020 08/13/20 Price Changed $410,000 -4.4% $125 / Sq Ft
07/30/2020 07/30/20 For Sale $429,000 -- $131 / 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 $2,914 $627,100 $0 $0
2024 $2,415 $384,600 $87,000 $297,600
2023 $2,406 $384,600 $87,000 $297,600
2022 $2,384 $381,100 $87,000 $294,100
2021 $2,378 $381,100 $87,000 $294,100
2020 $2,387 $309,900 $52,000 $257,900
2019 $2,375 $309,900 $52,000 $257,900
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: CAR3646276

Canopy MLS (Canopy Realtor® Association)

APN: 06-003-194