NOT LISTED FOR SALE

120 Alder Springs Ln Mooresville, NC 28117

Estimated Value: $1,131,323 - $1,295,000

4 Beds
4 Baths
4,803 Sq Ft
$251/Sq Ft Est. Value

Last Sold November 27, 2018

Last sale price $647,000 $135 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $6,846/month

74 Days on Market

Highlights

  • Clubhouse
  • Transitional Architecture
  • Corner Lot
  • Woodland Heights Elementary School Rated A-
  • Wood Flooring
  • Community Pool

About This Home

As of November 2018

With the lowest priced home per sq foot in The Farms sits this exquisite 4/5 bedroom 4 full bath home situated on .85 acres. The charming covered front porch is a great place to greet guests as they enter the foyer and appreciate all the home has to offer. Whether its the great room, the formal dining room or the finished basement, each area make this home perfect for entertaining year round. The main level has an open floor plan that includes a guest bedroom & an enclosed porch overlooking a wonderful fenced in back yard. The upper level has the master suite plus 2 more bedrooms and a bonus room. But wait...you will absolutely love the recently finished 1626 sq ft lower level that leads to an outdoor patio. With its log cabin feel and beautiful fireplace you will enjoy relaxing there year round. The lower level also boasts bedroom #5, a full bath, a kitchen, a soundproofed office/gym, a workshop and a "hidden" wine cellar. The Farms...its not just a community but a lifestyle.

Last Agent to Sell the Property

Thomas Hocker

EXP Realty LLC Mooresville License #277977 Listed on: 07/31/2018

EXP Realty LLC Mooresville

Last Buyer's Agent

Lisa Mcrorie

Coldwell Banker Realty License #111374

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Corner Lot
  • Irrigation

HOA Fees

  • $123 Monthly HOA Fees

Parking

  • 3

Home Design

  • Transitional Architecture
  • Stone Siding

Interior Spaces

  • Wet Bar
  • Fireplace
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 4 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4626-37-7801.000

Community Details

Overview

  • Main Street Management Association, Phone Number (704) 255-1266

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$123 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98478
  • Ratio Close Price By Original Li: 0.89986
  • Ratio Current Price By Acre: 761176.47
  • Ratio Current Price By Sq Ft: 134.71
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 1743
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Gas, Dishwasher, Electric Dryer Hookup, Ice Maker Connection, Microwave, Wall Oven
  • Fireplace Description: FAMILYRM, Great Room, Natural Gas
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-255-1266
  • Interior Amenities: Attic Stairs Pulldown, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Additional: 762
  • Sq Ft Basement: 1434
  • Main Level Sq Ft: 1626
  • Total Sq Ft: 4803
  • Sq Ft Unheated Basement: 192
  • Sq Ft Unheated Main: 723
  • Sq Ft Unheated Total: 915

Exterior Features

  • Construction: Fiber Cement, Stone
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Irrigation
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 3 Car, Side Load Garage

Utilities

  • Heating: Gas Hot Air Furnace
  • Sewer: Septic Tank
  • Water: Community Well
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Club House, Playground, Outdoor Pool, Recreation Area, Tennis Court(s), Walking Trails
  • Association Fee: 1475.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Main Street Management
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 4626-37-7801.000
  • Zoning Specification: RA

Tax Info

  • Tax Value: 420470.00
  • Tax Location: Iredell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2018
Closed on
Nov 27, 2018
Sold by
Burks Robert M and Burks Katie
Bought by
Louie Brent and Louie Savannah
Seller's Agent
Thomas Hocker
EXP Realty LLC Mooresville
Buyer's Agent
Lisa Mcrorie
Coldwell Banker Realty
List Price
$719,000
Sold Price
$647,000
Premium/Discount to List
-$72,000
-10.01%
Current Estimated Value
$1,204,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,581
Avg. Annual Appreciation
9.40%
Original Mortgage
$350,000
Outstanding Balance
$223,540
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$981,041

Purchase Details

Closed on
Oct 30, 2014
Sold by
Wood Michael and Wood Rebekah
Bought by
Burks Robert M and Burks Katie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,750
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2010
Sold by
Crm Mid Atlantic Properties Llc
Bought by
Wood Michael and Wood Rebekah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2010
Sold by
Ds Rushing Inc
Bought by
Crm Mid Atlantic Properties Llc
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
Louie Brent $647,000 None Available
Burks Robert M $525,000 None Available
Wood Michael $420,000 Boston Natl Title Agency Llc
Crm Mid Atlantic Properties Llc $357,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Louie Brent $350,000
Previous Owner Burks Robert M $393,750
Previous Owner Wood Michael $336,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2018 11/27/18 Sold $647,000 -1.5% $135 / Sq Ft
10/13/2018 10/13/18 Pending -- -- --
09/10/2018 09/10/18 Price Changed $657,000 -6.1% $137 / Sq Ft
08/17/2018 08/17/18 Price Changed $699,900 -2.7% $146 / Sq Ft
07/31/2018 07/31/18 For Sale $719,000 -- $150 / 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 $5,011 $839,150 $120,000 $719,150
2023 $5,011 $839,150 $120,000 $719,150
2022 $3,993 $626,720 $72,000 $554,720
2021 $3,989 $626,720 $72,000 $554,720
2020 $3,989 $626,720 $72,000 $554,720
2019 $3,926 $626,720 $72,000 $554,720
2018 $2,854 $469,000 $56,000 $413,000
2017 $2,564 $420,470 $56,000 $364,470
2016 $2,564 $420,470 $56,000 $364,470
2015 $2,564 $420,470 $56,000 $364,470
2014 $2,266 $398,970 $56,000 $342,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3419012

Canopy MLS (Canopy Realtor® Association)

APN: 4626-37-7801.000