NOT LISTED FOR SALE

1040 Torrens Dr Monroe, NC 28110

Estimated Value: $843,608 - $901,000

5 Beds
4.5 Baths
3,850 Sq Ft
$226/Sq Ft Est. Value

Last Sold July 12, 2023

Last sale price $785,000 $204 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,857/month

21 Days on Market

Highlights

  • Bar Fridge
  • Attached Garage
  • Zoned Heating and Cooling System
  • Wesley Chapel Elementary School Rated A
  • Laundry Room
  • Water Softener

About This Home

As of July 2023

BEAUTIFUL 5 bedroom 4.5 bath home in highly sought after Adelaide Estates community within the Weddington school district. On the main level you will find an office with gorgeous French doors and formal dining room. The open gourmet kitchen has wall oven and microwave, gas cooktop, stainless steel refrigerator, dishwasher, large island with granite countertops, upgraded cabinets and tile backsplash. The kitchen opens to a spacious great room with gas log fireplace and coffered ceiling. The breakfast area offers sliding glass doors to oversee the serene private fenced backyard. The main level also offers a generous guest suite with full bath. Upstairs leads to 3 sizable secondary bedrooms, 3 full baths, a bonus room and a remarkable primary suite with lots of natural lighting. The primary suite opens into a beautiful luxury bath with custom walk-in closet. This home is a rare find that affords a 3 car garage with convenient overhead storage racks and water softener system.

Last Agent to Sell the Property

Ervin Gordon

Keller Williams Connected License #295490 Listed on: 05/05/2023

Keller Williams Connected

Last Buyer's Agent

Kim Raymond

Ivester Jackson Christie's License #281273

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017

Lot Details

  • Irrigation
  • Property is zoned AJ0

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Bar Fridge
  • Pull Down Stairs to Attic

Kitchen

  • Self-Cleaning Convection Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Schools

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

Utilities

  • Air Filtration System
  • Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Water Softener
  • Cable TV Available

Community Details

  • Adelaide Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06-006-218

Home Details

Home Type

Single Family

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2017
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 203.90
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Interior Amenities: Attic Stairs Pulldown
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1788
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 600
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 600
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 2062
  • Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Exhaust Fan, Exhaust Hood, Filtration System, Gas Cooktop, Microwave, Refrigerator, Self Cleaning Oven, Water Softener
  • Above Grade Finished Sq Ft: 3850
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Living Area: 3850
  • Bedroom Main: 1

Exterior Features

  • Exterior Features: In-Ground Irrigation
  • New Construction: No
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Fiber Cement, Stone Veneer

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Heating: Zoned
  • Sewer: County Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Lower Level, Washer Hookup
  • Cooling: Central Air
  • Utilities: Cable Available, Cable Connected, Electricity Connected, Gas, Phone Connected, Underground Power Lines, Underground Utilities
  • Water Source: County Water

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-006-218
  • Zoning: AJ0
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AJ0

MLS Schools

  • Elementary School: Wesley Chapel
  • High School: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Jul 12, 2023
Sold by
Gordon Ervin N and Gordon Latonya C
Bought by
Kumar Burla Sravan and Kalyani Haridasyam Kalyani
Seller's Agent
Ervin Gordon
Keller Williams Connected
Buyer's Agent
Kim Raymond
Ivester Jackson Christie's
List Price
$845,000
Sold Price
$785,000
Premium/Discount to List
-$60,000
-7.1%
Current Estimated Value
$869,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,652
Avg. Annual Appreciation
4.11%
Original Mortgage
$723,000
Outstanding Balance
$704,318
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$165,334

Purchase Details

Listed on
Nov 2, 2018
Closed on
Jan 10, 2019
Sold by
Diprima Daniel and Diprima Te Sa Marie
Bought by
Gordon Ervin N and Gordon Latonya C
Seller's Agent
Jeanne Kemling
NorthGroup Real Estate LLC
Buyer's Agent
Ervin Gordon
Keller Williams Connected
List Price
$465,000
Sold Price
$465,500
Premium/Discount to List
$500
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.31%
Original Mortgage
$442,225
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2017
Closed on
Feb 27, 2018
Sold by
Bonterra Builders Llc
Bought by
Diprima Daniel and Deprima Te Sa Marie
Seller's Agent
Bobbi Sharpe
Southeastern Premier Properties LLC
Buyer's Agent
Jeanne Kemling
NorthGroup Real Estate LLC
List Price
$457,916
Sold Price
$424,900
Premium/Discount to List
-$33,016
-7.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.76%
Original Mortgage
$403,655
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Kumar Burla Sravan $785,000 None Listed On Document
Kumar Burla Sravan $785,000 None Listed On Document
Gordon Ervin N $465,500 None Available
Diprima Daniel $425,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Burla Sravan $723,000
Closed Kumar Burla Sravan $723,000
Previous Owner Gordon Ervin N $442,225
Previous Owner Diprima Daniel $403,655
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/12/2023 07/12/23 Sold $785,000 -7.1% $204 / Sq Ft
05/28/2023 05/28/23 For Sale $845,000 0.0% $219 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $845,000 -2.3% $219 / Sq Ft
05/13/2023 05/13/23 Price Changed $865,000 -3.4% $225 / Sq Ft
05/05/2023 05/05/23 For Sale $895,000 0.0% $232 / Sq Ft
04/27/2023 04/27/23 Price Changed $895,000 +92.3% $232 / Sq Ft
01/10/2019 01/10/19 Sold $465,500 +0.1% $121 / Sq Ft View Prior Sale
11/23/2018 11/23/18 Pending -- -- --
11/02/2018 11/02/18 For Sale $465,000 +9.4% $121 / Sq Ft
04/06/2018 04/06/18 Sold $424,900 -7.2% $110 / Sq Ft View Prior Sale
01/05/2018 01/05/18 Pending -- -- --
04/07/2017 04/07/17 For Sale $457,916 -- $119 / 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 $4,097 $841,000 $0 $0
2024 $3,670 $569,600 $99,000 $470,600
2023 $3,636 $569,600 $99,000 $470,600
2022 $3,636 $569,600 $99,000 $470,600
2021 $3,628 $569,600 $99,000 $470,600
2020 $2,937 $373,400 $64,000 $309,400
2019 $2,861 $373,400 $64,000 $309,400
2018 $2,861 $373,400 $64,000 $309,400
2017 $519 $64,000 $64,000 $0
2016 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4022053

Canopy MLS (Canopy Realtor® Association)

APN: 06-006-218