NOT LISTED FOR SALE

1115 Torrence Cir Unit 63 Davidson, NC 28036

Estimated Value: $524,689 - $560,000

2 Beds
2 Baths
1,113 Sq Ft
2.36 Acres

Last Sold July 30, 2018

Last sale price $287,500 $258 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,096/month

Highlights

  • Assigned Boat Slip
  • Waterfront
  • Community Lake
  • Davidson Elementary School Rated A-
  • Open Floorplan
  • Deck

About This Home

As of November 2022

Rare opportunity! Beautiful 2 bed 2 bath, 3rd floor WATERFRONT PENTHOUSE CONDO with the availability of a BOAT SLIP for an additional fee. Located in the highly desired Davidson Landing community on Lake Norman. Condo unit is in a great location within the complex! Enjoy the great views of the lake and the pool. Condo has many upgraded features! Stainless steel kitchen appliances. Granite counter tops in kitchen and baths. Large walk-in shower with frameless door in primary bath. Vaulted smooth ceilings. Both bedrooms feature walk in closets. NO PETS and NO SMOKING allowed. 1 year minimum lease. Owners prefer a 2 year lease with possible renewal. The condo is currently available for move in. The condo unit owner also has newly constructed boat slips for rent. A 24' slip for an additional $230/month or a 30' slip for an additional $290/month. The boat slips are located at STONE HARBOR MARINA in Davidson Landing.

Last Agent to Rent the Property

Jack Beckman

Southern Homes of the Carolinas, Inc License #283036 Listed on: 08/19/2022

Last Renter's Agent

Jack Beckman

Southern Homes of the Carolinas, Inc License #283036 Listed on: 08/19/2022

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,994

Year Built

  • Built in 1995

Lot Details

  • Waterfront
  • Lawn

Parking

  • Parking Lot

Home Design

  • Entry on the 3rd floor
  • Slab Foundation

Interior Spaces

  • 1,113 Sq Ft Home
  • Open Floorplan
  • Window Treatments
  • Great Room with Fireplace

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Assigned Boat Slip
  • Deck

Schools

  • Davidson K-8 Elementary School
  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,000
  • Property Available on 10/1/21
  • Tenant pays for cable TV, all utilities
  • Assessor Parcel Number 001-188-75

Community Details

Overview

  • South Harbortowne Condos
  • Davidson Landing Subdivision
  • Community Lake

Recreation

  • Community Pool

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,994

Year Built

Built in 1995

Lot Details

0

Rental Info

  • Tenant Pays: Cable TV, All Utilities
  • Furnished: Unfurnished
  • Pets Allowed: No
  • Deposit Security: 2000
  • Smoking Allowed Yn: 0
  • Available Date: 2021-10-01

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Rental
  • Year Built: 1995
  • Unit Floor Level: 3
  • Road Surface Type: Asphalt
  • Structure Type: Condominium
  • ResoPropertyType: ResidentialLease
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Cable Available, Open Floorplan, Split Bedroom, Vaulted Ceiling, Walk-In Closet(s), Window Treatments
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1113
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Deck
  • Appliances: Cable Prewire, CO Detector, Dishwasher, Electric Oven, Plumbed For Ice Maker, Microwave, Refrigerator, Self Cleaning Oven, Washer/Dryer
  • Above Grade Finished Sq Ft: 1113
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Great Room
  • Living Area: 1113
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Lawn Maintenance
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Slip (Lease/License)

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Lot, Parking Space

Utilities

  • Sewer: County Sewer
  • Water Heater: Gas
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Lake, Outdoor Pool
  • Complex Name: South Harbortowne

Schools

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

Lot Info

  • Lot Features: Water View, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 001-188-75
  • Zoning Description: LPA
  • ResoLotSizeUnits: Acres

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Davidson K-8
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2022
Sold by
Lake Norman Company Inc
Bought by
Tibbetts Michael Ray and Tibbetts Marilynn A
Current Estimated Value
$538,422

Purchase Details

Listed on
Aug 15, 2018
Closed on
Jul 30, 2018
Sold by
Love Dennis E
Bought by
Tibbetts Michael R and Tibbetts Marilynn A
Seller's Agent
Jack Beckman
Southern Homes of the Carolinas, Inc
Buyer's Agent
Jack Beckman
Southern Homes of the Carolinas, Inc
Sold Price
$1,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%

Purchase Details

Closed on
Oct 9, 1998
Sold by
Crocker William B and Crocker Roberta
Bought by
Love Dennis E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,300
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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
Tibbetts Michael Ray -- --
Tibbetts Michael Ray -- --
Tibbetts Michael Ray -- --
Tibbetts Michael R $287,500 None Available
Love Dennis E $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Love Dennis E $146,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2022 11/15/22 Rented $2,000 0.0% --
10/23/2022 10/23/22 Price Changed $2,000 -4.8% $2 / Sq Ft
09/06/2022 09/06/22 For Rent $2,100 0.0% --
09/06/2022 09/06/22 Off Market $2,100 -- --
08/19/2022 08/19/22 For Rent $2,100 0.0% --
10/10/2021 10/10/21 Rented $2,100 0.0% --
09/10/2021 09/10/21 For Rent $2,100 +27.3% --
10/01/2020 10/01/20 Rented $1,650 +6.5% --
08/15/2020 08/15/20 For Rent $1,550 0.0% --
08/10/2020 08/10/20 Off Market $1,550 -- --
08/05/2020 08/05/20 For Rent $1,550 +14.8% --
09/16/2018 09/16/18 Rented $1,350 0.0% --
08/25/2018 08/25/18 Price Changed $1,350 -8.5% $1 / Sq Ft
08/15/2018 08/15/18 For Rent $1,475 0.0% --
07/30/2018 07/30/18 Sold $287,500 +7.7% $258 / Sq Ft View Prior Sale
07/13/2018 07/13/18 Pending -- -- --
05/26/2018 05/26/18 For Sale $267,000 -- $240 / 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 $2,994 $393,122 -- $393,122
2024 $2,994 $393,122 -- $393,122
2023 $2,950 $393,122 $0 $393,122
2022 $2,527 $264,100 $0 $264,100
2021 $2,495 $264,100 $0 $264,100
2020 $2,435 $264,100 $0 $264,100
2019 $2,489 $264,100 $0 $264,100
2018 $2,428 $199,500 $70,000 $129,500
2017 $2,410 $199,500 $70,000 $129,500
2016 $2,406 $199,500 $70,000 $129,500
2015 $2,403 $199,500 $70,000 $129,500
2014 $2,401 $199,500 $70,000 $129,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3895686

Canopy MLS (Canopy Realtor® Association)

APN: 001-188-75