NOT LISTED FOR SALE

119 N Faulkner Way Unit 37 Davidson, NC 28036

Estimated Value: $568,707 - $600,000

3 Beds
2.5 Baths
2,121 Sq Ft
$275/Sq Ft Est. Value

Last Sold August 29, 2022

Last sale price $495,000 $233 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,692/month

75 Days on Market

Highlights

  • Community Cabanas
  • Spa
  • Wood Flooring
  • Davidson Elementary School Rated A-
  • Open Floorplan
  • 4-minute walk to North and South Lawn Park

About This Home

As of August 2022

Beautiful 3 bedroom townhome in desirable New Neighborhood Old Davidson community. Updated hardwood floors throughout most of main level. Formal living room/sitting room leads to formal dining room with chair rail moldings. Kitchen has island and breakfast bar and is open to family room which is perfect for cooking while entertaining. Enjoy breakfast or snacks in the breakfast area which leads to the private back patio where you can sit and enjoy a cool drink or relax in the hot tub. Large, primary bedroom with dual closets and en suite bathroom is on the main level. Upstairs is a loft or sitting area, two nice sized bedrooms with generous closet space. Detached, oversized, 2-car garage behind the house. Close to Davidson College, Main St. Davidson, Lake Norman.

Last Agent to Sell the Property

Kris Rainey

Mark Spain Real Estate License #282941 Listed on: 06/14/2022

Mark Spain Real Estate

Last Buyer's Agent

Diane Maguire

RE/MAX Executive License #272399

RE/MAX Executive

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,612

Year Built

  • Built in 2002

Lot Details

  • 0.62

HOA Fees

  • $288 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • Living Room with Fireplace
  • Attic Fan
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Spa
  • Patio

Schools

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

Utilities

  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 003-157-37

Community Details

Overview

  • Main Street Management Association
  • Mandatory home owners association

Recreation

  • Community Cabanas
  • Dog Park

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,612

Year Built

Built in 2002

Lot Details

0

HOA Fees

$288 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2002
  • Ratio Current Price By Acre: 798387.10
  • Unit Floor Level: 1
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 233.38
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Fan, Attic Walk In, Cable Available, Hot Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1513
  • 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: 608
  • Porch: Back,Patio
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Disposal, Electric Oven, Exhaust Hood, Natural Gas, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 2121
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Davidson
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Garage - 2 Car

Utilities

  • Heating: Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Main Level, Closet
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Cabana, Dog Park, Sidewalks, Street Lights
  • Association Fee: 288
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: None
  • Association Name: Main Street Management
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 3456.00

Lot Info

  • Lot Size Area: 0.62
  • Lot Size Units: Acres
  • Parcel Number: 003-157-37
  • Land Included Yn: 1
  • Zoning Description: VIP
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.40731

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

Listed on
Jun 14, 2022
Closed on
Aug 29, 2022
Sold by
Yvonne Hinkley
Bought by
Patterson Ian R and Patterson Anne M
Seller's Agent
Kris Rainey
Mark Spain Real Estate
Buyer's Agent
Diane Maguire
RE/MAX Executive
List Price
$520,000
Sold Price
$495,000
Premium/Discount to List
-$25,000
-4.81%
Views
6
Current Estimated Value
$582,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,927
Avg. Annual Appreciation
5.42%
Original Mortgage
$189,000
Outstanding Balance
$180,199
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$402,728

Purchase Details

Listed on
Jun 14, 2022
Closed on
Aug 12, 2022
Sold by
Hinkley Mark C
Bought by
Hinkley Yvonne
Seller's Agent
Kris Rainey
Mark Spain Real Estate
Buyer's Agent
Diane Maguire
RE/MAX Executive
List Price
$520,000
Sold Price
$495,000
Premium/Discount to List
-$25,000
-4.81%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Outstanding Balance
$180,199
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$402,728

Purchase Details

Closed on
Jan 6, 2002
Sold by
The Cunnane Group Inc
Bought by
Nicopoulos Yvonne B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Patterson Ian R $495,000 --
Hinkley Yvonne -- --
Nicopoulos Yvonne B $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Ian R $189,000
Previous Owner Nicopoulos Yvonne B $188,000
Closed Nicopoulos Yvonne B $35,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2022 08/29/22 Sold $495,000 -4.8% $233 / Sq Ft
06/14/2022 06/14/22 For Sale $520,000 -- $245 / 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 $3,612 $475,600 $105,000 $370,600
2024 $3,612 $475,600 $105,000 $370,600
2023 $3,560 $475,600 $105,000 $370,600
2022 $3,351 $369,500 $105,000 $264,500
2021 $3,592 $369,500 $105,000 $264,500
2020 $3,592 $369,500 $105,000 $264,500
2019 $3,586 $369,500 $105,000 $264,500
2018 $3,506 $279,400 $60,000 $219,400
2017 $3,482 $279,400 $60,000 $219,400
2016 $3,478 $279,400 $60,000 $219,400
2015 -- $279,400 $60,000 $219,400
2014 $3,473 $299,000 $60,000 $239,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3871393

Canopy MLS (Canopy Realtor® Association)

APN: 003-157-37