NOT LISTED FOR SALE

121 Alder Springs Ln Mooresville, NC 28117

Estimated Value: $1,088,375 - $1,268,000

4 Beds
4.5 Baths
4,513 Sq Ft
$258/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $1,050,000 $233 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $6,661/month

6 Days on Market

Highlights

  • Spa
  • Clubhouse
  • Wooded Lot
  • Woodland Heights Elementary School Rated A-
  • Fireplace in Primary Bedroom
  • Transitional Architecture

About This Home

As of July 2023

Located in The Farms, this beautiful custom home is located on a large and meticulously landscaped lot with charming curb appeal and ample privacy. Inside you will find a thoughtfully designed open floor plan with the owner's suite and a study located on the main floor. Hardwood and tile flooring throughout the main floor as well as extensive molding and trim work reflecting the detailed craftsmanship in this home. The owner's suite is a cozy retreat with a fireplace and sitting area. The heart of the home is the gourmet chef’s kitchen with double ovens, custom cabinetry, a large central island, and stainless steel appliances. The upper story is comprised of 3 spacious bedrooms, 3 full baths and a bonus room. The outdoor living areas and the expansive fenced back yard offer the perfect backdrop for entertaining or just relaxing and enjoying the peaceful surroundings. The Farms has an impressive amenities center to include an outdoor pool, clubhouse, sport courts and playground.

Last Agent to Sell the Property

Lisa Stroud

EXP Realty LLC Mooresville Brokerage Email: lisa.stroud@exprealty.com License #315526 Listed on: 05/25/2023

EXP Realty LLC Mooresville

Last Buyer's Agent

Pamela Sullivan

DR Horton Inc License #320534

DR Horton Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,138

Year Built

  • Built in 2005

Lot Details

  • Fenced
  • Irrigation
  • Wooded Lot
  • Property is zoned RA

HOA Fees

  • $131 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Transitional Architecture

Interior Spaces

  • 2-Story Property
  • Sound System
  • Tray Ceiling
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Crawl Space
  • Walk-In Attic
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Double Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Walk-In Closet

Outdoor Features

  • Spa
  • Patio
  • Front Porch

Schools

  • Woodland Heights Elementary And Middle School
  • Lake Norman High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Community Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4626-37-6524.000

Community Details

Overview

  • Csi Community Management Association, Phone Number (704) 892-1660
  • The Farms Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Recreation Facilities
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,138

Year Built

Built in 2005

Lot Details

0

HOA Fees

$131 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2005
  • Restrictions: Subdivision
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 232.66
  • Geocode Confidence: High
  • Attribution Contact: lisa.stroud@exprealty.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk In, Cathedral Ceiling(s), Tray Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2492
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 2021
  • Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, Gas Cooktop, Microwave, Refrigerator
  • Other Equipment: Surround Sound
  • Above Grade Finished Sq Ft: 4513
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas Log, Primary Bedroom
  • Living Area: 4513
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1

Exterior Features

  • Exterior Features: Hot Tub, In-Ground Irrigation
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Fenced
  • Exclusions: Fitness Eqptmnt in Garage
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: Main Level, Sink
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Utilities: Gas
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground, Recreation Area, Sport Court, Street Lights, Tennis Court(s)
  • Association Fee: 787.5
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: CSI Community Management
  • Phone: 704-892-1660
  • ResoAssociationFeeFrequency: SemiAnnually

Association/Amenities

  • Association Annual Expense: 1575.00

Schools

  • Middle Or Junior School: Woodland Heights
  • HOA Subject To: Required

Lot Info

  • Lot Features: Wooded
  • Lot Size Units: Acres
  • Parcel Number: 4626-37-6524.000
  • Zoning: RA
  • Lot Size: Per Plat
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RA

MLS Schools

  • Elementary School: Woodland Heights
  • High School: Lake Norman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Jul 18, 2023
Sold by
Torres Kenneth D and Torres Melanie P
Bought by
Russler David Michael
Seller's Agent
Lisa Stroud
EXP Realty LLC Mooresville
Buyer's Agent
Pamela Sullivan
DR Horton Inc
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Views
63
Current Estimated Value
$1,165,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,844
Avg. Annual Appreciation
4.70%

Purchase Details

Closed on
Aug 15, 2016
Sold by
Hoffman Howard J and Hoffman Alba Frances
Bought by
Torres Kenneth D and Torres Melanie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2007
Sold by
Whitfield Robert Joel and Whitfield Wanda Pruden
Bought by
Hoffman Howard J and Hoffman Alba Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2005
Sold by
Strom Construction Inc
Bought by
Whitfield Robert Joel and Whitfield Wanda Pruden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
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
Russler David Michael $1,050,000 Lm Title
Torres Kenneth D $690,000 None Available
Hoffman Howard J $685,000 None Available
Whitfield Robert Joel $679,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Torres Kenneth D $405,000
Previous Owner Torres Kenneth D $96,000
Previous Owner Hoffman Howard J $350,000
Previous Owner Whitfield Robert Joel $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2023 07/18/23 Sold $1,050,000 -4.5% $233 / Sq Ft
05/25/2023 05/25/23 For Sale $1,100,000 -- $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
2024 $5,138 $860,660 $120,000 $740,660
2023 $5,138 $860,660 $120,000 $740,660
2022 $3,943 $618,800 $72,000 $546,800
2021 $3,939 $618,800 $72,000 $546,800
2020 $3,939 $618,800 $72,000 $546,800
2019 $3,877 $618,800 $72,000 $546,800
2018 $3,923 $647,800 $56,000 $591,800
2017 $3,923 $647,800 $56,000 $591,800
2016 $3,923 $647,800 $56,000 $591,800
2015 $3,923 $647,800 $56,000 $591,800
2014 $3,411 $605,300 $56,000 $549,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4032377

Canopy MLS (Canopy Realtor® Association)

APN: 4626-37-6524.000