NOT LISTED FOR SALE

1101 Torrence Cir Unit 49 Davidson, NC 28036

Estimated Value: $530,000 - $565,000

2 Beds
2 Baths
1,128 Sq Ft
$259/mo HOA Fee

Last Sold September 14, 2020

Last sale price $325,000 $288 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,309/month

Highlights

  • Waterfront
  • Open Floorplan
  • Pond
  • Davidson Elementary School Rated A-
  • Community Lake
  • End Unit

About This Home

As of September 2020

Ground floor end unit condo in the Captains Watch complex of Davidson Landing. Excellent location with lots of updates and features. Large partially covered patio/deck with Lake Norman views. The end unit location provides more square footage and additional windows that make the condo feel very open and bright. Laminate wood floor throughout the living area, granite counter tops, tiled back splash, stainless steel appliances, recently new water heater. Master bathroom has large walk in shower. Both bedrooms have large walk in closets. Community amenities include the lake, leased boat slips, tennis, fitness/walking trails, and boardwalks. HOA has a 35lbs weight restriction for pets. Boat slips are leased from The Lake Norman company. Waterfront restaurant in community is only a short walk from the condo. Be sure to view the 3D virtual tour.

Last Agent to Sell the Property

Zach Stamey

NorthGroup Real Estate LLC License #192052 Listed on: 08/13/2020

NorthGroup Real Estate LLC

Last Buyer's Agent

Boston Reid

COMPASS License #265912

COMPASS

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1995

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $259 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Pond

Listing and Financial Details

  • Assessor Parcel Number 001-188-61

Community Details

Overview

  • Main Street Association, Phone Number (704) 255-1266
  • Mid-Rise Condominium
  • Community Lake

Recreation

  • Tennis Courts
  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Year Built

Built in 1995

Lot Details

0

HOA Fees

$259 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Mid-Rise
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98515
  • Ratio Close Price By Original Li: 0.98515
  • Ratio Current Price By Sq Ft: 288.12
  • Unit Floor Level: 1
  • Year Built: 1995
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Electric Oven, Electric Range, Ice Maker Connection, Microwave, Refrigerator
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl Plank
  • H O A Management Phone: 704-255-1266
  • Interior Amenities: Open Floorplan, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1128
  • Total Sq Ft: 1128

Exterior Features

  • Construction: Fiber Cement, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Assigned Parking Space - 1

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake, Outdoor Pool, Pond, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 258.59
  • Association Fee Frequency: Monthly
  • Complex Name: Captains Watch
  • HOA Management Company: Main Street
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Davidson
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Lot Features: End Unit, Water view, Waterfront
  • Parcel Number: 001-188-61
  • Zoning Specification: LPA

Tax Info

  • Tax Value: 261100.00
  • Tax Location: Davidson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Sep 14, 2020
Sold by
Murphy Larry James and Murphy Paula Leonard
Bought by
Martin Truex Jr Properties Llc
Seller's Agent
Zach Stamey
NorthGroup Real Estate LLC
Buyer's Agent
Boston Reid
COMPASS
List Price
$329,900
Sold Price
$325,000
Premium/Discount to List
-$4,900
-1.49%
Current Estimated Value
$539,690

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,690
Avg. Annual Appreciation
10.46%

Purchase Details

Listed on
Feb 2, 2019
Closed on
Mar 7, 2019
Sold by
Quinby Katherine Marion
Bought by
Murphy Larry James and Murphy Paula Leonard
Seller's Agent
Zach Stamey
NorthGroup Real Estate LLC
Buyer's Agent
Zach Stamey
NorthGroup Real Estate LLC
List Price
$279,900
Sold Price
$272,000
Premium/Discount to List
-$7,900
-2.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.34%
Original Mortgage
$217,600
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2016
Sold by
Willis Chad K and Willis Samantha
Bought by
Quinby Katherine Marion and Katherine Marion Quinby Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,100
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2006
Sold by
Musclow David and Musclow Darlene
Bought by
Willis Chad K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,600
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 2004
Sold by
Kennedy Gailyn Nancy and Barabe Timothy Craig
Bought by
Musclow David and Musclow Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,600
Interest Rate
5.85%
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
Martin Truex Jr Properties Llc $325,000 Investors Title
Murphy Larry James $272,000 None Available
Quinby Katherine Marion $225,000 None Available
Willis Chad K $238,000 None Available
Musclow David $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Larry James $217,600
Previous Owner Quinby Katherine Marion $50,100
Previous Owner Willis Chad K $47,600
Previous Owner Musclow David $109,600
Closed Musclow David $20,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2020 09/14/20 Sold $325,000 -1.5% $288 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $329,900 +21.3% $292 / Sq Ft
03/07/2019 03/07/19 Sold $272,000 -2.8% $241 / Sq Ft View Prior Sale
02/02/2019 02/02/19 Pending -- -- --
02/02/2019 02/02/19 For Sale $279,900 0.0% $248 / Sq Ft
01/09/2013 01/09/13 Rented $1,250 -10.7% --
12/10/2012 12/10/12 Under Contract -- -- --
08/10/2012 08/10/12 For Rent $1,400 -- --
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 -- $400,493 -- $400,493
2024 -- $400,493 -- $400,493
2023 $2,368 $400,493 $0 $400,493
2022 $2,368 $261,100 $0 $261,100
2021 $2,467 $261,100 $0 $261,100
2020 $2,407 $261,100 $0 $261,100
2019 $2,461 $261,100 $0 $261,100
2018 $2,443 $200,800 $70,000 $130,800
2017 $2,425 $200,800 $70,000 $130,800
2016 $2,421 $200,800 $70,000 $130,800
2015 $2,418 $200,800 $70,000 $130,800
2014 -- $200,800 $70,000 $130,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3650976

Canopy MLS (Canopy Realtor® Association)

APN: 001-188-61