NOT LISTED FOR SALE

1338 Torrence Cir Unit 29 Davidson, NC 28036

Estimated Value: $446,627 - $536,000

2 Beds
2 Baths
1,155 Sq Ft
$238/mo HOA Fee

Last Sold July 12, 2018

Last sale price $255,000 $221 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,132/month

16 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Tennis Courts
  • Davidson Elementary School Rated A-
  • Community Pool
  • Walk-In Closet

About This Home

As of July 2018

FULLY FURNISHED, MOVE-IN READY waterfront condo with year-round stunning lake views! Access the balcony from both the great room and the master bedroom. Kitchen upgrades include stainless steel appliances, granite counter tops and updated cabinets. HVAC replaced in 2017. Master bathroom features a garden tub and dual vanity with vessel sinks. Walk-in closets in both bedrooms. Condo is MOVE-IN READY and is PRICED TO SELL! Community amenities include pool, tennis/basketball courts, walking/fitness trails and leased boat slips.

Last Agent to Sell the Property

Courtney Rogers

Southern Homes of the Carolinas, Inc License #290112 Listed on: 05/17/2018

Last Buyer's Agent

Mike Spruell

Southern Homes of the Carolinas, Inc License #219364

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1997

Lot Details

  • 3.64

HOA Fees

  • $238 Monthly HOA Fees

Interior Spaces

  • Open Floorplan
  • Gas Log Fireplace

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms
  • Garden Bath

Additional Features

  • Waterfront
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-189-62

Community Details

Overview

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

Recreation

  • Tennis Courts
  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Year Built

Built in 1997

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: 0.98456
  • Ratio Close Price By Original Li: 0.94796
  • Ratio Current Price By Sq Ft: 220.78
  • Special Assessment Description: Paid by seller prior to closing. $1500 for CY18
  • Special Assessment Yn: Yes
  • Unit Floor Level: 2
  • Year Built: 1997
  • Special Features: None

Interior Features

  • Foundation Details: Concrete
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Doors and Windows: Screen Door(s)
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Cable Prewire, Cooktop Electric, Disposal, Dryer, Dishwasher, Electric Dryer Hookup, Electric Range, Exhaust Fan, Ice Maker Connection, Microwave, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Wood, Tile
  • H O A Management Phone: 704-896-7224
  • Interior Amenities: Cable Available, Garden Tub, Open Floorplan, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 1
  • Sq Ft Additional: 16
  • Main Level Sq Ft: 1155
  • Total Sq Ft: 1155

Exterior Features

  • Construction: Hard Stucco, Wood
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Asphalt
  • Parking: Parking Space - 2

Utilities

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

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Sidewalk, Tennis Court(s), Walking Trails
  • Association Fee: 238.00
  • Association Fee Frequency: Monthly
  • Complex Name: Emerald Bay
  • HOA Management Company: GPM Group
  • 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: 001-189-62
  • Plat Reference Section Pages: 644-645
  • Zoning Specification: LPA

Tax Info

  • Tax Value: 196500.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2018
Closed on
Jun 13, 2018
Sold by
Goode Matthew A and Goode Linda M
Bought by
Troutman Donald E and Troutman Beverly A
Seller's Agent
Courtney Rogers
Southern Homes of the Carolinas, Inc
Buyer's Agent
Mike Spruell
Southern Homes of the Carolinas, Inc
List Price
$269,000
Sold Price
$255,000
Premium/Discount to List
-$14,000
-5.2%
Current Estimated Value
$493,407

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,407
Avg. Annual Appreciation
9.70%
Original Mortgage
$204,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2012
Sold by
Hatherlee Bruce and Hatherlee Cherly
Bought by
Goode Matthew A and Goode Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,500
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2010
Sold by
Johnson Ryan Browning
Bought by
Hatherlee Bruce L and Hatherlee Cheryl M

Purchase Details

Closed on
Jun 17, 2002
Sold by
Milam Christopher Lee
Bought by
Johnson Ryan Browning

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 20, 2001
Sold by
Meriweather Beth C and Meriweather Edward D
Bought by
Milam Christopher Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,555
Interest Rate
7.06%
Mortgage Type
FHA
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
Troutman Donald E $255,000 None Available
Goode Matthew A $189,000 None Available
Hatherlee Bruce L $173,000 None Available
Johnson Ryan Browning $134,000 --
Milam Christopher Lee $131,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troutman Donald E $200,250
Closed Troutman Donald E $204,000
Previous Owner Goode Matthew A $166,500
Previous Owner Davis William H $324,000
Previous Owner Milam Christopher Lee $127,555
Previous Owner Meriweather Edward D $101,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2018 07/12/18 Sold $255,000 -1.5% $221 / Sq Ft
06/02/2018 06/02/18 Pending -- -- --
06/02/2018 06/02/18 Price Changed $259,000 -3.7% $224 / Sq Ft
05/17/2018 05/17/18 For Sale $269,000 -- $233 / 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 $2,464 $322,336 -- $322,336
2023 $2,427 $322,336 $0 $322,336
2022 $2,464 $257,400 $0 $257,400
2021 $2,434 $257,400 $0 $257,400
2020 $2,374 $257,400 $0 $257,400
2019 $2,428 $257,400 $0 $257,400
2018 $2,393 $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: CAR3391567

Canopy MLS (Canopy Realtor® Association)

APN: 001-189-62