NOT LISTED FOR SALE

1605 Medlin Rd Unit 1 Monroe, NC 28112

Estimated Value: $688,000 - $1,037,547

5 Beds
6 Baths
5,535 Sq Ft
$158/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $520,000 $94 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,166/month

42 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Wooded Lot
  • Rock Rest Elementary School Rated A-
  • Community Lake
  • Wood Flooring

About This Home

As of October 2019

Beautiful, all brick custom built home on over an acre of land that backs up to Lake Lee. Open floor plan boasts real hardwood floors throughout main floor, a grand 2-story great room with fireplace and separate living room off of kitchen with a secondary fireplace. Master Bedroom on main floor looks out to wooded area leading down to Lake Lee. Enjoy a quiet evening on back deck overlooking the water. Retaining wall built to create more of a back yard space at bottom of deck stairs. Loft area upstairs with 3 ample size, secondary bedrooms for more space. Finished basement adds 2200+ sq. ft in livable space with secondary master suite that also looks out on the lake and wooded area. You will find this home has plenty of storage and parking. 5 minutes from the hospital and HWY 74. 10 minutes from Monroe Country Club and right along the quiet, scenic drive down Medlin Rd.

Last Agent to Sell the Property

Danny King

Keller Williams Select License #283192 Listed on: 06/14/2019

Keller Williams Select

Co-Listed By

Ben King

Dragonfly Home Team License #108687

Last Buyer's Agent

Ray Black

Ray Black Real Estate License #210654

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Waterfront
  • Level Lot
  • Wooded Lot
  • Many Trees

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • Attached Garage

Interior Spaces

  • Open Floorplan
  • Fireplace
  • Insulated Windows

Kitchen

  • Oven
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Community Details

  • Bridgewater HOA
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 09-161-077

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$17 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.95413
  • Ratio Close Price By Original Li: 0.95413
  • Ratio Current Price By Acre: 305882.35
  • Ratio Current Price By Sq Ft: 93.95
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance
  • Upper Level Sq Ft: 950
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Total Bedrooms: 5
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Double Oven, Electric Dryer Hookup, Exhaust Fan, Ice Maker Connection, Microwave, Natural Gas, Oven
  • Fireplace Description: FAMILYRM, Kitchen
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Fan, Attic Stairs Pulldown, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 2267
  • Main Level Sq Ft: 2318
  • Total Sq Ft: 5535
  • Sq Ft Unheated Main: 580
  • Sq Ft Unheated Total: 580

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 3 Car, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Heat Pump - Heat, Multizone A/C, MultiZone Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 200.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Bridgewater HOA
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Unspecified
  • Middle School: Monroe
  • High School: Monroe

Lot Info

  • Lot Features: Lake Access, Level, Sloping, Trees, Water view, Waterfront, Wooded
  • Lot Size Area: 1.700
  • Parcel Number: 09-161-077
  • Plat Reference Section Pages: 683
  • Zoning Specification: R20

Tax Info

  • Tax Value: 486530.00
  • Tax Location: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Oct 25, 2019
Sold by
Budko Peter and Budko Carol
Bought by
Shaw Robert Wesley and Shaw Terry
Seller's Agent
Danny King
Keller Williams Select
Buyer's Agent
Ray Black
Ray Black Real Estate
List Price
$545,000
Sold Price
$520,000
Premium/Discount to List
-$25,000
-4.59%
Current Estimated Value
$874,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,137
Avg. Annual Appreciation
9.09%
Original Mortgage
$416,000
Outstanding Balance
$365,240
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$508,897

Purchase Details

Closed on
Aug 27, 2013
Sold by
Christiana Trust
Bought by
Budko Peter

Purchase Details

Closed on
May 7, 2013
Sold by
Johnson Jackie H and Johnson Barbara R
Bought by
Christiana Trust

Purchase Details

Closed on
Jun 11, 2007
Sold by
Orr Gerald and Orr Martha P
Bought by
Johnson Jackie H and Johnson Barbara P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$561,000
Interest Rate
7%
Mortgage Type
Construction
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
Shaw Robert Wesley $520,000 None Available
Budko Peter $290,000 None Available
Christiana Trust -- None Available
Christiana Trust $603,000 None Available
Johnson Jackie H $115,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaw Robert Wesley $416,000
Previous Owner Johnson Jackie H $561,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2019 10/28/19 Sold $520,000 -4.6% $94 / Sq Ft
07/27/2019 07/27/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $545,000 -- $98 / 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 $6,172 $566,000 $104,900 $461,100
2023 $6,172 $566,000 $104,900 $461,100
2022 $6,172 $566,000 $104,900 $461,100
2021 $6,172 $566,000 $104,900 $461,100
2020 $6,735 $499,930 $77,130 $422,800
2019 $6,735 $499,930 $77,130 $422,800
2018 $3,081 $499,930 $77,130 $422,800
2017 $6,835 $499,900 $77,100 $422,800
2016 $6,581 $486,530 $77,130 $409,400
2015 $3,778 $486,530 $77,130 $409,400
2014 $6,210 $511,650 $112,900 $398,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3516146

Canopy MLS (Canopy Realtor® Association)

APN: 09-161-077