NOT LISTED FOR SALE

1331 Torrence Cir Davidson, NC 28036

Estimated Value: $494,501 - $534,000

2 Beds
2 Baths
1,087 Sq Ft
$238/mo HOA Fee

Last Sold November 20, 2018

Last sale price $281,000 $259 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $3,201/month

6 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Wood Flooring
  • Davidson Elementary School Rated A-
  • Community Lake
  • Community Pool

About This Home

As of November 2018

Excellent ground floor two bedroom condo in Emerald Bay. Enjoy the sunset lake view from the large covered patio with gate access to boat slips and pool. Ground floor provides easy access to the lake and pool. This condo has many updates that included kitchen cabinets, granite countertops, tile back splash, stainless steel appliances, and wood floors through out the living area. Both bathrooms have been updated with new vanities, tile floors and fixtures. The HVAC system was installed in 2013 and a new tankless gas water heater was installed in 2017. Great opportunity in Davidson Landing where amenities include a waterfront pool, boat slips, tennis courts, fitness trail, and a restaurant. Seller has a boatslip that can be purchased in addition to the condo. Kayak/canoe/paddle board storage located next to building.

Last Agent to Sell the Property

Zach Stamey

NorthGroup Real Estate LLC License #192052 Listed on: 10/18/2018

NorthGroup Real Estate LLC

Last Buyer's Agent

Zach Stamey

NorthGroup Real Estate LLC License #192052 Listed on: 10/18/2018

NorthGroup Real Estate LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1996

Lot Details

  • Waterfront

HOA Fees

  • $238 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 001-189-55

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Year Built

Built in 1996

Lot Details

0

HOA Fees

$238 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Mid-Rise
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96897
  • Ratio Close Price By Original Li: 0.96897
  • Ratio Current Price By Sq Ft: 258.51
  • Special Assessment Description: 2018 assessment $125/month
  • Special Assessment Yn: Yes
  • Unit Floor Level: 1
  • Year Built: 1996
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Ice Maker Connection, Microwave
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-896-7224
  • Interior Amenities: Open Floorplan, Walk-In Closet(s)
  • Laundry Location: Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1087
  • Total Sq Ft: 1087

Exterior Features

  • Construction: Fiber Cement, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 1

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Lake, Outdoor Pool, Tennis Court(s), Walking Trails
  • Association Fee: 238.00
  • Association Fee Frequency: Monthly
  • Complex Name: Emerald Bay
  • HOA Management Company: GPM
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Water view, Waterfront
  • Parcel Number: 001-189-55
  • Zoning Specification: LPA

Tax Info

  • Tax Value: 196500.00
  • Tax Location: Davidson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2018
Closed on
Nov 19, 2018
Sold by
Mucher Nathan and Mucher Kristine
Bought by
Espinosa Carlos and Espinosa Maureen
Seller's Agent
Zach Stamey
NorthGroup Real Estate LLC
Buyer's Agent
Zach Stamey
NorthGroup Real Estate LLC
List Price
$290,000
Sold Price
$281,000
Premium/Discount to List
-$9,000
-3.1%
Current Estimated Value
$523,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,625
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Aug 10, 2012
Sold by
Tilson Margarette S
Bought by
Mucher Nathan and Mucher Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,375
Interest Rate
3.68%
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
Espinosa Carlos $281,000 None Available
Mucher Nathan $172,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mucher Nathan $129,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2018 11/20/18 Sold $281,000 -3.1% $259 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $290,000 -- $267 / 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 -- $339,003 -- $339,003
2024 -- $339,003 -- $339,003
2023 $2,334 $339,003 $0 $339,003
2022 $2,334 $257,400 $0 $257,400
2021 $2,434 $257,400 $0 $257,400
2020 $2,374 $257,400 $0 $257,400
2019 $2,333 $257,400 $0 $257,400
2018 $2,333 $196,500 $70,000 $126,500
2017 $2,375 $196,500 $70,000 $126,500
2016 $2,371 $196,500 $70,000 $126,500
2015 $2,368 $196,500 $70,000 $126,500
2014 $2,366 $261,900 $100,000 $161,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3444737

Canopy MLS (Canopy Realtor® Association)

APN: 001-189-55