NOT LISTED FOR SALE

1331 N Terrace Ln Monroe, NC 28110

Estimated Value: $786,000 - $882,000

4 Beds
3 Baths
3,036 Sq Ft
$272/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $434,900 $143 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $4,729/month

100 Days on Market

Highlights

  • Under Construction
  • Open Floorplan
  • Transitional Architecture
  • Wesley Chapel Elementary School Rated A
  • Wooded Lot
  • Engineered Wood Flooring

About This Home

As of April 2018

Open, transitional, and very functional Somerset plan. This home has 42" cabinets, granite countertops, hardwood floors on main living areas, 10' ceilings, coffered ceilings in family room, and a lot of details.
Please see sales associate for clarification on roads.

Last Agent to Sell the Property

Bobbi Sharpe

Southeastern Premier Properties LLC Brokerage Email: info@bonterrabuilders.com License #272869 Listed on: 12/08/2017

Last Buyer's Agent

David Upchurch

David Upchurch Real Estate License #256677

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,562

Year Built

  • Built in 2017 | Under Construction

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 85x184x101x200
  • Corner Lot
  • Sloped Lot
  • Irrigation
  • Wooded Lot

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Transitional Architecture
  • Arts and Crafts Architecture
  • Slab Foundation
  • Stone Veneer

Interior Spaces

  • 1.5-Story Property
  • Open Floorplan
  • Gas Fireplace
  • Insulated Windows

Kitchen

  • Built-In Self-Cleaning Convection Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • ENERGY STAR Qualified Dishwasher
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms
  • Low Flow Plumbing Fixtures
  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights
  • No or Low VOC Paint or Finish
  • Fresh Air Ventilation System

Outdoor Features

  • Covered Patio or Porch

Schools

  • Wesley Chapel Elementary School
  • Weddington Middle School
  • Weddington High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06006280

Community Details

Overview

  • Cedar Management Group Association, Phone Number (980) 256-1005
  • Built by Bonterra Builders
  • Adelaide Estates Subdivision, Somerset A Floorplan
  • Mandatory home owners association

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,562

Year Built

Built in 2017 | Under Construction

Lot Details

0

HOA Fees

$54 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts, Transitional
  • Year Built: 2017
  • Proposed Completion Date: 2018-04-01
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One and One Half
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 143.25
  • Attribution Contact: info@bonterrabuilders.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Attic Walk In, Cable Prewire, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling(s), Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2483
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 600
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 600
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 553
  • Appliances: Convection Oven, Electric Oven, Electric Water Heater, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Light Fixtures, Exhaust Hood, Gas Cooktop, Gas Range, Low Flow Fixtures, Microwave, Plumbed For Ice Maker, Self Cleaning Oven, Wall Oven
  • Above Grade Finished Sq Ft: 3036
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Gas Log, Gas Vented
  • Living Area: 3036
  • Window Features: Insulated Window(s)
  • Bedroom Main: 3
  • Room Count: 11
  • Sq Ft Other: 0

Exterior Features

  • Exterior Features: In-Ground Irrigation
  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Waterfront Features: Lake
  • Construction Type: Fiber Cement, Stone Veneer
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Side

Utilities

  • Heating: Central, ENERGY STAR Qualified Equipment, Forced Air, Fresh Air Ventilation, Heat Pump, Natural Gas, Zoned
  • Sewer: County Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Heat Pump, Zoned
  • Utilities: Gas
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Walking Trails
  • Association Fee: 650
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Cedar Management Group
  • Phone: 980-256-1005
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually
  • Association Email: wmontoya@mycmg.com

Schools

  • Middle Or Junior School: Weddington
  • HOA Subject To: Required

Lot Info

  • Lot Features: Corner Lot, Sloped, Wooded
  • Lot Size Area: 0.46
  • Lot Size Units: Acres
  • Parcel Number: 06006280
  • Development Status: Under Construction
  • Lot Size Acres: 0.46
  • Lot Size: 85x184x101x200
  • Lot Size Sq Ft: 20037
  • ResoLotSizeUnits: Acres
  • Zoning Specification: Res

Green Features

  • Green Sustainability: Engineered Wood Products, Low VOC Coatings
  • Green Verification Count: 1

Building Info

  • Builder Name: Bonterra Builders

MLS Schools

  • Elementary School: Wesley Chapel
  • High School: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2017
Closed on
Apr 30, 2018
Sold by
Bonterra Builders Llc
Bought by
Hurlbut Jeffrey Lee and Hurlbut Lisa Elizabeth
Seller's Agent
Bobbi Sharpe
Southeastern Premier Properties LLC
Buyer's Agent
David Upchurch
David Upchurch Real Estate
List Price
$421,230
Sold Price
$434,900
Premium/Discount to List
$13,670
3.25%
Current Estimated Value
$825,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,897
Avg. Annual Appreciation
8.64%
Original Mortgage
$391,410
Interest Rate
4.44%
Mortgage Type
New Conventional
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
Hurlbut Jeffrey Lee $435,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hurlbut Jeffrey Lee $391,410
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $434,900 +3.2% $143 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
12/08/2017 12/08/17 For Sale $421,230 -- $139 / 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 $3,562 $552,900 $99,000 $453,900
2023 $3,530 $552,900 $99,000 $453,900
2022 $3,530 $552,900 $99,000 $453,900
2021 $3,522 $552,900 $99,000 $453,900
2020 $2,651 $337,000 $64,000 $273,000
2019 $2,582 $337,000 $64,000 $273,000
2018 $490 $64,000 $64,000 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3342060

Canopy MLS (Canopy Realtor® Association)

APN: 06-006-280