NOT LISTED FOR SALE

1623 Margaret Ridge Dr Unit 32 Matthews, NC 28105

Estimated Value: $1,849,772 - $1,956,000

5 Beds
4.5 Baths
4,689 Sq Ft
$406/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $1,500,000 $320 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $11,189/month

101 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Arts and Crafts Architecture
  • Elizabeth Lane Elementary Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of July 2021

New Construction in sought after south charlotte neighborhood of Stevens Grove. 10 ft. ceilings with custom moldings, large open floor plan with built-ins in family room overlooking a screened porch with wooded view. Chef's kitchen with custom cabinetry, large island and professional grade gas range, SS refrigerator, microwave and walk-in pantry with custom barn sliding doors. Master suite on main features large shower, free-standing soaking tub and closet with built-in shelving. Laundry room on main with decorative tile and custom cabinetry. 4 spacious additional bedrooms upstairs all with direct access to a bathroom and large closets. Extra large bonus room over finished 3 car garage. Professionally designed, sodded landscape with stone firepit. One of the last remaining new construction homes in this neighborhood.

Last Agent to Sell the Property

Karen Webb

Carolina Home Buyers Realty License #213604 Listed on: 02/25/2021

Last Buyer's Agent

Heather Montgomery

COMPASS License #268254

COMPASS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,517

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.54

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • 3

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Pocket Doors
  • Mud Room
  • Crawl Space
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Fire Pit
  • Wooded Lot
  • Cable TV Available

Community Details

  • Built by Ashland Custom Homes

Listing and Financial Details

  • Assessor Parcel Number 22706513

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,517

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$60 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.97466
  • Ratio Close Price By Original Li: 0.94044
  • Ratio Current Price By Acre: 2777777.78
  • Ratio Current Price By Sq Ft: 319.90
  • Year Built: 2021
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 2260
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Doors and Windows: g-Insulated Door(s), Insulated Windows, Pocket Doors
  • Equipment: Cable Prewire, CO Detector, Cooktop Gas, Dishwasher, Disposal, Ice Maker Connection, Microwave, Natural Gas, Refrigerator
  • Fireplace Description: FAMILYRM, Gas Logs, Gas Unvented
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-Ins, Cable Available, Drop Zone, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 2429
  • Total Sq Ft: 4689

Exterior Features

  • Construction: Brick Full, Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: Fire pit
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 3 Car, Garage Door Opener, Keypad Entry, Side Load Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 725.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Elizabeth Lane
  • Middle School: South Charlotte
  • High School: Providence

Lot Info

  • Lot Dimension: 206.67x202.88x141x89.92
  • Lot Features: Wooded
  • Lot Size Area: 0.540
  • Parcel Number: 22706513
  • Plat Book Slide: 34266/729
  • Zoning Specification: R

Building Info

  • Builder Name: Ashland Custom Homes

Tax Info

  • Tax Location: Matthews

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2024
Sold by
Brovitz Justin and Brovitz Judith
Bought by
Agarwal Rishab Rajkumar and Agarwal Rohini Rishab
Current Estimated Value
$1,902,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,260,000
Outstanding Balance
$1,243,156
Interest Rate
7.13%
Mortgage Type
New Conventional
Estimated Equity
$659,287

Purchase Details

Listed on
Feb 25, 2021
Closed on
Jul 13, 2021
Sold by
Ashland Custom Homes Inc
Bought by
Brovitz Justin and Brovitz Judith
Seller's Agent
Karen Webb
Carolina Home Buyers Realty
Buyer's Agent
Heather Montgomery
COMPASS
List Price
$1,595,000
Sold Price
$1,500,000
Premium/Discount to List
-$95,000
-5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.74%
Original Mortgage
$1,200,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2020
Sold by
Matthews Arborfield Llc
Bought by
Ashland Custom Homes Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Agarwal Rishab Rajkumar $1,800,000 None Listed On Document
Brovitz Justin $1,500,000 Harbor City Title
Ashland Custom Homes Llc $520,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agarwal Rishab Rajkumar $1,260,000
Previous Owner Brovitz Justin $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $1,500,000 -2.5% $320 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
04/20/2021 04/20/21 Price Changed $1,539,000 -3.5% $328 / Sq Ft
02/25/2021 02/25/21 For Sale $1,595,000 -- $340 / 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 $12,517 $1,663,200 $308,800 $1,354,400
2024 $12,517 $1,663,200 $308,800 $1,354,400
2023 $12,346 $1,663,200 $308,800 $1,354,400
2022 $12,533 $1,397,400 $265,000 $1,132,400
2021 $7,020 $769,800 $265,000 $504,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3709895

Canopy MLS (Canopy Realtor® Association)

APN: 227-065-13