NOT LISTED FOR SALE

1306 Torrence Cir Unit 7 Davidson, NC 28036

Estimated Value: $532,423 - $585,000

3 Beds
2 Baths
1,330 Sq Ft
1996 Built

Highlights

  • Open Floorplan
  • Lawn
  • Walk-In Closet
  • Davidson Elementary School Rated A-
  • Fireplace
  • Breakfast Bar

About This Home

As of May 2021

WELCOME HOME to this RARE SUNSET VIEW WATERFRONT - POOLSIDE - GROUND FLOOR CONDO w/BOAT SLIP AND GARAGE in an Award Winning School District on the LAKE NORMAN WATERFRONT side of Davidson. Feel like you're on vacation while enjoying an entertainer's dream patio, living space with fireplace and master bedroom w/access to patio, all overlooking the lake and pool! Brand new carpeting & freshly painted interior in neutral colors. Large master walk-in closet w/built-ins. Enjoy neighborhood walking/jogging/biking trails around the lake, pool, dock and tennis courts. Minutes from Downtown Davidson, Davidson College, shopping, restaurants and Lowes Corporate Headquarters. Walk or boat to North Harbor Club. Boat or waverunner docked in boatslip must be registered to renter. The hydraulic boat lift is adjusted for a waverunner right now, but can be adjusted for a boat. Garage #28 & parking spot #16 come w/condo.

Last Agent to Rent the Property

Terry Foland

Vacations on Lake Norman LLC License #296567 Listed on: 01/12/2021

Vacations on Lake Norman LLC

Last Renter's Agent

Vickie Barrett

Dazcon Properties License #257546

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,733

Year Built

  • Built in 1996

Parking

  • 1

Interior Spaces

  • Open Floorplan
  • Fireplace

Kitchen

  • Breakfast Bar
  • Oven

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Lawn
  • Cable TV Available

Community Details

  • Pet Deposit $350

Listing and Financial Details

  • Security Deposit $3,200
  • Tenant pays for electricity, gas
  • Available 1/12/21
  • Assessor Parcel Number 00118940

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,733

Year Built

Built in 1996

Lot Details

0

Parking

1

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: 1 Year, 2 Year
  • Available Date: 01/12/2021
  • Pet Deposit: 350
  • Deposit Security: 3200
  • Pets Allowed: Conditional

Listing Details

  • Property Type: Rentals
  • Property Sub Type: Condominium
  • Ratio Close Price By List Price: 0.93750
  • Ratio Close Price By Original Li: 0.93750
  • Ratio Current Price By Sq Ft: 2.26
  • Unit Floor Level: 1
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Disposal, Electric Dryer Hookup, Gas Dryer Hookup, Microwave, Oven, Refrigerator, Washer Connection
  • Fireplace: Yes
  • Interior Amenities: Breakfast Bar, Cable Available, Open Floorplan, Pantry, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Total Sq Ft: 1330

Exterior Features

  • Exterior Features: Lawn Maintenance

Garage/Parking

  • Driveway: Asphalt
  • Parking: Detached Garage, Garage - 1 Car, On-Street Parking, Parking Space - 1

Utilities

  • Heating: Central Air, Gas Hot Air Furnace

Condo/Co-op/Association

  • Complex Name: Emerald Bay

Schools

  • Elementary School: Davidson
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Parcel Number: 00118940

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2020
Sold by
Shaw William Lemartinez and Shaw Carol May
Bought by
Shaw Carol May
Current Estimated Value
$565,106

Purchase Details

Closed on
Mar 29, 2019
Sold by
Koons Jeffrey A and Koons Tonja J
Bought by
Shaw William Lemartinez and Shaw Carol Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Outstanding Balance
$217,596
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$347,510

Purchase Details

Closed on
Nov 6, 2003
Sold by
Lumpkin Robert T and Lumpkin Sheila
Bought by
Koons Jeffery A and Koons Tonja J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1998
Sold by
Livingston Cynthia A
Bought by
Lumpkin Robert T and Lumpkin Sheila D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,500
Interest Rate
6.97%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Shaw Carol May -- None Available
Shaw William Lemartinez $330,000 None Available
Koons Jeffery A $198,000 --
Lumpkin Robert T $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw William Lemartinez $247,500
Previous Owner Koons Jeffery A $60,000
Previous Owner Lumpkin Robert T $120,500
Closed Koons Jeffery A $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Rented $3,000 -6.3% --
04/15/2021 04/15/21 Price Changed $3,200 0.0% $2 / Sq Ft
04/15/2021 04/15/21 For Rent $3,200 +6.7% --
04/09/2021 04/09/21 Rented $3,000 -6.3% --
01/12/2021 01/12/21 For Rent $3,200 -- --
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 $2,733 $358,174 -- $358,174
2024 $2,733 $358,174 -- $358,174
2023 $2,733 $358,174 $0 $358,174
2022 $2,653 $277,500 $0 $277,500
2021 $2,616 $277,500 $0 $277,500
2020 $2,556 $277,500 $0 $277,500
2019 $2,610 $277,500 $0 $277,500
2018 $2,516 $207,000 $70,000 $137,000
2017 $2,497 $207,000 $70,000 $137,000
2016 $2,494 $207,000 $70,000 $137,000
2015 $2,490 $207,000 $70,000 $137,000
2014 $2,488 $275,500 $100,000 $175,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3694933

Canopy MLS (Canopy Realtor® Association)

APN: 001-189-40