NOT LISTED FOR SALE

108 Somerled Way Unit 2 Waxhaw, NC 28173

Estimated Value: $882,000 - $998,000

4 Beds
3.5 Baths
3,757 Sq Ft
$248/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $470,965 $125 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $5,481/month

1 Day on Market

Highlights

  • Newly Remodeled
  • Open Floorplan
  • Traditional Architecture
  • Sandy Ridge Elementary School Rated A
  • Clubhouse
  • Engineered Wood Flooring

About This Home

As of April 2018

Beautiful owner's suite with Spa-Like bath and double closets on first floor. Gorgeous gourmet kitchen overlooks casual breakfast area and great room. The main level is rounded out with a formal dining room and additional sitting room. Upstairs offers 3 additional bedrooms, two baths, bonus room and a large loft.

Last Agent to Sell the Property

Lauren Landgraf

Lennar Sales Corp License #253624 Listed on: 10/21/2017

Lennar Sales Corp

Last Buyer's Agent

Bipin Parekh

Bipin Parekh Realty, LLC License #188637

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,557

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.37

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 2

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Fireplace
  • Insulated Windows
  • Pull Down Stairs to Attic

Kitchen

  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Engineered Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Listing and Financial Details

  • Assessor Parcel Number 06159380

Community Details

Overview

  • Firstservice Residential Association, Phone Number (704) 805-1799
  • Built by CalAtlantic

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,557

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$85 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Traditional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 1272878.38
  • Ratio Current Price By Sq Ft: 125.36
  • Year Built: 2018
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1539
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, CO Detector, Cooktop Gas, Dishwasher, Disposal, Microwave, Wall Oven
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Prefinished Wood, Tile
  • H O A Management Phone: 704-805-1799
  • Interior Amenities: Attic Stairs Pulldown, Garden Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 2218
  • Total Sq Ft: 3757
  • Sq Ft Unheated Main: 415
  • Sq Ft Unheated Total: 415

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built
  • New Construction: Yes
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Club House, Playground, Outdoor Pool, Walking Trails
  • Association Fee: 85.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: FirstService Residential
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Sandy Ridge
  • Middle School: Cuthbertson
  • High School: Cuthbertson

Lot Info

  • Lot Dimension: Per Plat
  • Lot Size Area: 0.370
  • Parcel Number: 06159380
  • Zoning: Residential
  • Zoning Specification: RA-40

Building Info

  • Builder Name: CalAtlantic

Tax Info

  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2017
Closed on
Apr 26, 2018
Sold by
Standard Pacific Of The Carolinas Llc
Bought by
Rachhadia Chirag and Vachhani Madhavi
Seller's Agent
Lauren Landgraf
Lennar Sales Corp
Buyer's Agent
Bipin Parekh
Bipin Parekh Realty, LLC
List Price
$470,965
Sold Price
$470,965
Current Estimated Value
$933,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,065
Avg. Annual Appreciation
9.54%
Original Mortgage
$271,215
Outstanding Balance
$229,913
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$703,117
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
Rachhadia Chirag $471,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rachhadia Chirag $271,215
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2018 04/26/18 Sold $470,965 0.0% $125 / Sq Ft
10/22/2017 10/22/17 Pending -- -- --
10/21/2017 10/21/17 For Sale $470,965 -- $125 / 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 $5,557 $542,000 $103,500 $438,500
2023 $5,501 $542,000 $103,500 $438,500
2022 $5,501 $542,000 $103,500 $438,500
2021 $5,492 $542,000 $103,500 $438,500
2020 $3,044 $388,500 $67,500 $321,000
2019 $4,547 $388,500 $67,500 $321,000
2018 $1,925 $245,100 $67,500 $177,600
2017 $798 $67,500 $67,500 $0
2016 $784 $67,500 $67,500 $0
2015 $550 $67,500 $67,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3332278

Canopy MLS (Canopy Realtor® Association)

APN: 06-159-380