NOT LISTED FOR SALE

1503 Cedar Tree Dr Unit 58 Belmont, NC 28012

Estimated Value: $494,356 - $571,000

3 Beds
2.5 Baths
2,328 Sq Ft
$233/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $498,000 $214 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,266/month

52 Days on Market

Highlights

  • Under Construction
  • Open Floorplan
  • Covered Patio or Porch
  • Belmont Central Elementary School Rated A-
  • Traditional Architecture
  • 2 Car Attached Garage

About This Home

As of September 2023

Introducing the Elmhurst, a sought-after gem in the real estate market. This remarkable home features 3 generously sized bdrms, 2.5 ba, a loft, ext breakfast area, and a covered porch! The open kitchen and family rm concept create a seamless flow, perfect for modern living. The kitchen is a culinary haven with a contrast colored island, gourmet SS appliances, SS hood, 5-burner gas cooktop, wall oven, and microwave. The Desert Silver Quartz c-tops, upgraded cabinets, Herringbone Tile Backsplash, SS Undermount sink, and pantry add elegance and functionality. The main floor showcases a dining rm with a tray ceiling and a great rm with a fireplace. Upstairs, the primary bdrm impresses with a tray ceiling, while the primary bath offers a fully tiled shower, soaking tub, dual raised vanity sinks, water closet, and a large walk-in closet. The secondary bdrms open to the loft area and share a hall bath with a double bowl vanity and tile floor. A laundry rm on the 2nd level adds convenience.

Last Agent to Sell the Property

Suzanne Roth

DRB Group of North Carolina, LLC License #223968 Listed on: 05/21/2023

Last Buyer's Agent

Lexi Cai

Coldwell Banker Realty License #308796

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,711

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 7,405

HOA Fees

  • $68 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Family Room with Fireplace
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Garden Bath

Schools

  • Belmont Central Elementary School
  • Belmont Middle School
  • South Point High School

Utilities

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

Additional Features

  • Covered Patio or Porch
  • Property is zoned RD-I, GR

Community Details

  • Cams Association, Phone Number (704) 731-5560
  • Built by DRB Homes
  • Smith Farms Subdivision, Elmhurst 2 Floorplan
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 309069

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,711

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$68 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2023
  • Restrictions: Architectural Review,Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Proposed Completion Date: 2023-10-09
  • Special Assessment Description: No
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 213.92
  • Geocode Confidence: Low
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, 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: 1022
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 121
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 121
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1306
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Gas Cooktop, Microwave, Wall Oven
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 2328
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Log
  • Living Area: 2328
  • Bedroom Main: 0
  • Room Count: 12

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 407
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air, Natural Gas, Zoned
  • Sewer: Private Sewer
  • Laundry Features: Laundry Room, Upper Level
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association Fee: 816
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: CAMS
  • Phone: 704-731-5560
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 816.00

Schools

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

Lot Info

  • Lot Size Area: 0.17
  • Lot Size Units: Acres
  • Parcel Number: 309069
  • Zoning: GR
  • Plat Reference Section Pages: 099/008
  • Development Status: Under Construction
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RD-I

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: DRB Homes

MLS Schools

  • Elementary School: Belmont Central
  • High School: South Point (NC)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2023
Closed on
Sep 20, 2023
Sold by
Drb Group North Carolina Llc
Bought by
Shahrivar Fardis and Guo Zhen
Seller's Agent
Suzanne Roth
DRB Group of North Carolina, LLC
Buyer's Agent
Lexi Cai
Coldwell Banker Realty
List Price
$494,900
Sold Price
$498,000
Premium/Discount to List
$3,100
0.63%
Views
76
Current Estimated Value
$542,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,839
Avg. Annual Appreciation
4.34%
Original Mortgage
$348,600
Outstanding Balance
$341,385
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$201,454
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
Shahrivar Fardis $498,000 Keystone Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shahrivar Fardis $348,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2023 09/27/23 Sold $498,000 -1.0% $214 / Sq Ft
07/12/2023 07/12/23 Pending -- -- --
06/08/2023 06/08/23 Price Changed $502,900 +1.6% $216 / Sq Ft
05/21/2023 05/21/23 For Sale $494,900 -- $213 / 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 $3,711 $352,120 $45,000 $307,120
2024 $3,711 $352,120 $45,000 $307,120
2023 -- $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4033038

Canopy MLS (Canopy Realtor® Association)

APN: 309069