NOT LISTED FOR SALE

Estimated Value: $696,695 - $796,000

3 Beds
3.5 Baths
2,030 Sq Ft
$365/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $725,000 $357 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,483/month

20 Days on Market

Highlights

  • Open Floorplan
  • Covered Patio or Porch
  • 2 Car Attached Garage
  • Selwyn Elementary Rated A-
  • Balcony
  • Walk-In Closet

About This Home

As of October 2023

Incredible 2021 townhome located in HIGHLY sought after Park Road Shopping Center Area. Why wait for new construction when you can move right in!! Hardwood floors throughout this light filled open floor plan home. Nice size 2-car garage, guest suite on the main floor. Entertainers kitchen, dining area, large family room and outdoor balcony, perfect for grilling or enjoying morning coffee. Third floor primary guest suite with large walk-in closet and primary bath. Laundry on third floor along with 3rd guest suite. Plenty of storage throughout each floor and closet on each level that could be converted to an elevator shaft. Massive attic space that could be finished for future use. This is walkable to so many fantastic restaurants, shops and freedom park. Easy access to the greenway. Agent is owner, washer/dryer, stainless fridge and all furnishings can be conveyed with acceptable offer. Property will be repainted white prior to closing.

Last Agent to Sell the Property

Heather Gibbs

Corcoran HM Properties Brokerage Email: heathergibbs@hmproperties.com License #295336 Listed on: 08/14/2023

Corcoran HM Properties

Last Buyer's Agent

Nello Gorgan

Keller Williams Lake Norman License #348412

Keller Williams Lake Norman

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2021

Lot Details

  • 1,307

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Insulated Windows
  • Insulated Doors
  • Entrance Foyer

Kitchen

  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Selwyn Elementary School
  • Alexander Graham Middle School
  • Myers Park High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 17518257

Community Details

Overview

  • Park Terrace Towns HOA
  • Park Terrace Towns Condos
  • Park Terrace Towns Subdivision
  • Mandatory home owners association

Security

  • Card or Code Access

Townhouse Details

Home Type

Townhome

Year Built

Built in 2021

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2021
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Three
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 357.14
  • Geocode Confidence: Low
  • Attribution Contact: heathergibbs@hmproperties.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: No
  • Interior Amenities: Attic Other, Entrance Foyer, Kitchen Island, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 380
  • Third Level Sq Ft: 825
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 825
  • Appliances: Dishwasher
  • Above Grade Finished Sq Ft: 2030
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Door(s)
  • Living Area: 2030
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Bedroom Third: 2

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Partial
  • Patio And Porch Features: Balcony, Covered, Front Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener, Garage Faces Rear, Keypad Entry, On Street

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Third Level
  • Cooling: Central Air
  • Utilities: Electricity Connected, Gas
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Park Terrace Towns
  • Senior Community: No
  • Association Name: Park Terrace Towns HOA
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 3000.00

Schools

  • Middle Or Junior School: Alexander Graham
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 17518257
  • Plat Book Slide: M69-996
  • Land Included Yn: 1
  • ResoLotSizeUnits: Acres
  • Zoning Specification: N5

Rental Info

  • Pets Allowed: Yes

MLS Schools

  • Elementary School: Selwyn
  • High School: Myers Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Oct 2, 2023
Sold by
Reece Road Clt Llc
Bought by
Gorgan Alin Claudiu
Seller's Agent
Heather Gibbs
Corcoran HM Properties
Buyer's Agent
Nello Gorgan
Keller Williams Lake Norman
List Price
$775,000
Sold Price
$725,000
Premium/Discount to List
-$50,000
-6.45%
Views
26
Current Estimated Value
$740,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,674
Avg. Annual Appreciation
0.93%
Original Mortgage
$616,250
Outstanding Balance
$600,481
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$140,193

Purchase Details

Closed on
Jun 28, 2022
Sold by
Randall Gibbs Ty and Randall Heather
Bought by
Reece Road Clt Llc

Purchase Details

Listed on
Feb 4, 2021
Closed on
Jan 26, 2022
Sold by
Reece Road Lp
Bought by
Gibbs Ty Randall and Gibbs Heather
Seller's Agent
Matt Claxton
My Townhome LLC
Buyer's Agent
Heather Gibbs
Corcoran HM Properties
List Price
$585,000
Sold Price
$598,418
Premium/Discount to List
$13,418
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$538,576
Interest Rate
3.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gorgan Alin Claudiu $225,000 None Listed On Document
Gorgan Alin Claudiu $225,000 None Listed On Document
Reece Road Clt Llc -- Terry Law Firm Pllc
Gibbs Ty Randall $598,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorgan Alin Claudiu $616,250
Closed Gorgan Alin Claudiu $616,250
Previous Owner Gibbs Ty Randall $538,576
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2023 10/02/23 Sold $725,000 -3.3% $357 / Sq Ft
08/19/2023 08/19/23 Price Changed $750,000 -3.2% $369 / Sq Ft
08/14/2023 08/14/23 For Sale $775,000 +29.5% $382 / Sq Ft
01/27/2022 01/27/22 Sold $598,418 0.0% $313 / Sq Ft View Prior Sale
05/12/2021 05/12/21 Pending -- -- --
04/01/2021 04/01/21 Price Changed $598,418 +2.3% $313 / Sq Ft
02/04/2021 02/04/21 For Sale $585,000 -- $306 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,601 $601,100 $185,000 $416,100
2024 $4,601 $601,100 $185,000 $416,100
2023 $4,454 $601,100 $185,000 $416,100
2022 $4,540 $466,400 $202,500 $263,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4059549

Canopy MLS (Canopy Realtor® Association)

APN: 175-182-57