NOT LISTED FOR SALE

1202 Torrence Cir Unit 3 Davidson, NC 28036

Estimated Value: $640,000 - $687,000

3 Beds
2 Baths
1,433 Sq Ft
$232/mo HOA Fee

Last Sold May 01, 2017

Last sale price $345,000 $241 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,015/month

89 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Cathedral Ceiling
  • Davidson Elementary School Rated A-
  • Engineered Wood Flooring
  • End Unit

About This Home

As of May 2017

End unit, 4 walls of glass, completely renovated, garage for sale, very open concept for entertaining. This quiet penthouse condo with vaulted ceilings has lots of natural light, custom kitchen cabinets with granite and subway backsplash. Newly painted, new carpet, smooth ceilings, hardwood floors, custom closets designed for Master BR and guest BR. Also, there is an office/bedroom. Both baths are renovated with tiles. Boardwalk around complex-great for walking and restaurant is on property

Last Agent to Sell the Property

Ann Payne

Team Thomas & Associates Realty Inc. License #38550 Listed on: 12/27/2016

Last Buyer's Agent

Ann Payne

Team Thomas & Associates Realty Inc. License #38550 Listed on: 12/27/2016

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1996

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $232 Monthly HOA Fees

Parking

  • 1

Home Design

  • Slab Foundation

Interior Spaces

  • 2 Full Bathrooms
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Window Treatments
  • Storage Room

Flooring

  • Engineered Wood
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 001-189-03

Community Details

Overview

  • Gpm Group Association, Phone Number (704) 896-7224
  • Mid-Rise Condominium
  • Community Lake

Recreation

  • Recreation Facilities
  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Year Built

Built in 1996

Lot Details

0

HOA Fees

$232 per month

Parking

1

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Mid-Rise
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98600
  • Ratio Close Price By Original Li: 0.98600
  • Ratio Current Price By Sq Ft: 240.75
  • Unit Floor Level: 3
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: CO Detector, Cooktop Electric, Dishwasher, Disposal, Electric Dryer Hookup, Exhaust Fan, Ice Maker Connection, Microwave, Refrigerator, Self Cleaning Oven
  • Fireplace Description: Gas Logs
  • Fireplace: Yes
  • Flooring: Prefinished Wood, Tile, Carpet
  • H O A Management Phone: 704-896-7224
  • Interior Amenities: Cathedral Ceiling(s), Window Treatments
  • Laundry Location: Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1433
  • Total Sq Ft: 1433

Exterior Features

  • Construction: Fiber Cement, Hard Stucco
  • Construction Type: Site Built
  • Exterior Features: Boat Slip (Lease/License), Storage Unit

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 1 Car, Keypad Entry, Parking Space - 2

Utilities

  • Heating: Gas Water Heater
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake, Outdoor Pool, Recreation Area, Walking Trails
  • Association Fee: 232.00
  • Association Fee Frequency: Monthly
  • Complex Name: Newport
  • HOA Management Company: GPM Group
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: End Unit, Waterfront
  • Parcel Number: 001-189-03
  • Zoning Specification: LPA

Tax Info

  • Tax Value: 235200.00
  • Tax Location: Davidson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 27, 2016
Closed on
May 1, 2017
Sold by
Payne Ann Gray and Payne Charles R
Bought by
Weller Edward L and Weller Kathleen Carter
Seller's Agent
Ann Payne
Team Thomas & Associates Realty Inc.
Buyer's Agent
Ann Payne
Team Thomas & Associates Realty Inc.
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%
Current Estimated Value
$658,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,409
Avg. Annual Appreciation
7.92%
Original Mortgage
$276,000
Outstanding Balance
$230,776
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$427,633

Purchase Details

Closed on
Jun 12, 2013
Sold by
Edwards Ann F and Payne Ann Gray
Bought by
Payne Ann Gray and Payne Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,500
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2006
Sold by
Tobias Chester W and Tobias Patricia L
Bought by
Edwards Ann F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 23, 2006
Sold by
Reim Andrew J and Reim Robin G
Bought by
Tobias Chester W and Tobias Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.23%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 25, 2001
Sold by
Burden Dennis L and Burden Virginia M
Bought by
Reim Andrew James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,200
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Weller Edward L $345,000 Master Title
Payne Ann Gray -- None Available
Edwards Ann F $315,000 None Available
Tobias Chester W $244,900 Old Republic National Title
Reim Andrew James $206,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weller Edward L $276,000
Previous Owner Payne Ann Gray $211,500
Previous Owner Edwards Ann F $228,000
Previous Owner Tobias Chester W $195,920
Previous Owner Reim Andrew James $165,200
Closed Reim Andrew James $30,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2017 05/01/17 Sold $345,000 -1.4% $241 / Sq Ft
03/26/2017 03/26/17 Pending -- -- --
12/27/2016 12/27/16 For Sale $349,900 -- $244 / 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 $3,630 $478,020 -- $478,020
2024 $3,630 $478,020 -- $478,020
2023 $3,578 $478,020 $0 $478,020
2022 $3,146 $329,800 $0 $329,800
2021 $3,090 $329,800 $0 $329,800
2020 $3,030 $329,800 $0 $329,800
2019 $3,084 $329,800 $0 $329,800
2018 $2,847 $235,200 $90,000 $145,200
2017 $2,826 $235,200 $90,000 $145,200
2016 $2,822 $235,200 $90,000 $145,200
2015 $2,819 $235,200 $90,000 $145,200
2014 $2,817 $287,900 $100,000 $187,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3238392

Canopy MLS (Canopy Realtor® Association)

APN: 001-189-03