NOT LISTED FOR SALE

Estimated Value: $685,000 - $990,000

2 Beds
1 Bath
1,012 Sq Ft
436 Sq Ft Lot

Last Sold May 16, 2012

Last sale price $400,000 $395 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $5,479/month

202 Days on Market

About This Home

As of May 2012

Location, location, location! This delightful 2 bedroom, 1 bath condo is updated & move-in ready! Fabulous cherry kitchen with SS & corian. Attached garage for easy loading. Laundry relocated to second bedroom closet to accommodate one floor living. Enjoy entertaining friends on your deck. Great community & neighborhood. Quick stroll to Lexington Center, Minuteman Bikeway, and Cary Library. Unit has potential to develop lower level. Start living the Lexington Center Lifestyle!

Last Agent to Sell the Property

Sheila Watson

Coldwell Banker Realty - Lexington Listed on: 09/08/2011

Coldwell Banker Realty - Lexington

Last Buyer's Agent

Karen Lovett

Compass

Compass

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,249

Year Built

1975

Lot Details

0

Listing Details

  • Unit Level: 1
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1975

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Primary Bathroom: No
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Bike Path, Conservation Area, Public School
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Tile, Hardwood
  • Insulation: Full
  • Interior Amenities: Security System, Cable Available
  • Bedroom 2: First Floor, 11X11
  • Kitchen: First Floor, 10X10
  • Laundry Room: First Floor
  • Living Room: First Floor, 16X12
  • Master Bedroom: First Floor, 15X12
  • Master Bedroom Description: Walk-in Closet, Hard Wood Floor
  • Dining Room: First Floor, 11X9

Exterior Features

  • Construction: Frame
  • Exterior: Clapboard

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3

Utilities

  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Water/Sewer: City/Town Water

Condo/Co-op/Association

  • Association Fee Includes: Snow Removal, Landscaping, Exterior Maintenance, Master Insurance
  • Management: Owner Association
  • No Units: 26
  • Unit Building: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2011
Closed on
May 16, 2012
Sold by
Watson Sheila M
Bought by
Shang Xiaoming and Qi Jianping
Seller's Agent
Sheila Watson
Coldwell Banker Realty - Lexington
Buyer's Agent
Karen Lovett
Compass
List Price
$459,900
Sold Price
$400,000
Premium/Discount to List
-$59,900
-13.02%
Current Estimated Value
$872,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,488
Avg. Annual Appreciation
5.99%
Original Mortgage
$610,000
Outstanding Balance
$404,378
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$468,110

Purchase Details

Closed on
May 12, 2011
Sold by
Watson Grace F
Bought by
Watson Sheila M

Purchase Details

Closed on
Sep 19, 2001
Sold by
Heyda Kenneth C
Bought by
Watson Grace F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
6.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shang Xiaoming $400,000 --
Watson Sheila M -- --
Watson Sheila M -- --
Watson Grace F $372,500 --
Watson Grace F $372,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shang Xiaoming $610,000
Closed Shang Xiaoming $20,000
Closed Watson Grace F $610,000
Previous Owner Watson Grace F $229,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2012 05/16/12 Sold $400,000 -5.9% $395 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
03/14/2012 03/14/12 Price Changed $425,000 -2.7% $420 / Sq Ft
10/10/2011 10/10/11 Price Changed $436,900 -5.0% $432 / Sq Ft
09/08/2011 09/08/11 For Sale $459,900 -- $454 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $10,249 $838,000 $0 $838,000
2024 $9,910 $809,000 $0 $809,000
2023 $9,750 $750,000 $0 $750,000
2022 $9,826 $712,000 $0 $712,000
2021 $9,613 $668,000 $0 $668,000
2020 $9,006 $641,000 $0 $641,000
2019 $8,486 $601,000 $0 $601,000
2018 $8,151 $570,000 $0 $570,000
2017 $7,202 $497,000 $0 $497,000
2016 $7,285 $499,000 $0 $499,000
2015 $7,267 $489,000 $0 $489,000
2014 $6,002 $387,000 $0 $387,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71284295

MLS Property Information Network (MLS PIN)

APN: LEXI-000057-000000-000145-000011