$820,000
SOLD DEC 20, 2024

1641 Chestnut Ln Unit 1 & 2 Matthews, NC 28104

4 Beds
3 Baths
2,872 Sq Ft
4.5 Acres

Recently Sold

$286 Per Sq Ft

8% Below List Price

Highlights

  • Equestrian Center
  • Barn
  • 2 Car Attached Garage
  • Indian Trail Elementary School Rated A
  • Covered patio or porch
  • Pasture

About This Home

As of December 2024

Picturesque equestrian property w 4+ acres (2 parcels) with 246 feet of road frontage located in the Indian Trail Village Center Overlay district. The Village Center Overlay Zone is hereby established to provide for the designation of areas within the Town where mixed-use centers may be established. Village Center Overlay Districts may be established with different mixes of land uses and different densities consistent with the broad guidelines established by the Comprehensive Plan. The following businesses would likely be allowed to be built (upon city approval) on this lot zoned SF-1 / Overlay Site built home / Two family dwelling / Greenhouse / Animal Services (limited) / Artist work or sales space / Day care (adults & children) / private school / Bed & breakfast / Religious Assembly / Wireless tower.
Other uses may be allowed under a conditional rezoning. Water / Sewer capabilities may be confirmed by calling UCPW 704-283-3500.

Last Agent to Sell the Property

Keith Hensel

Helen Adams Realty Brokerage Email: khensel@helenadamsrealty.com License #255905 Listed on: 11/06/2024

Helen Adams Realty

Last Buyer's Agent

Danielle Santella

EXP Realty LLC Ballantyne License #244027

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,159

Year Built

  • Built in 1987

Lot Details

  • Lot Dimensions are 246x476x463x511
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Family Room with Fireplace
  • Crawl Space

Kitchen

  • Built-In Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Outdoor Features

  • Covered patio or porch

Schools

  • Indian Trail Elementary School
  • Sun Valley Middle School
  • Sun Valley High School

Farming

  • Barn
  • Pasture

Horse Facilities and Amenities

  • Equestrian Center
  • Tack Room

Utilities

  • Forced Air Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 07-147-131-D

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,159

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1987
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 285.52
  • Geocode Confidence: High
  • Attribution Contact: khensel@helenadamsrealty.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2036
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 836
  • Appliances: Dishwasher, Wall Oven
  • Above Grade Finished Sq Ft: 2872
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2872
  • Bedroom Main: 3
  • Room Count: 11

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Exclusions: Wagon Wheel light fixture on back porch
  • Construction Type: Wood
  • Other Structures: Barn(s), Other - See Remarks
  • Patio And Porch Features: Covered

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 456
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: Septic Installed
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Utilities: Electricity Connected, Gas
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Sun Valley
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Pasture
  • Lot Size Area: 4.5
  • Lot Size Units: Acres
  • Parcel Number: 07-147-131-D
  • Zoning: RES
  • Horse Amenities: Barn, Boarding Facilities, Equestrian Facilities, Horses Allowed, Pasture, Tack Room
  • Lot Size: 246x476x463x511
  • Additional Parcels Description: #2 Simpson
  • ResoLotSizeUnits: Acres
  • Zoning Specification: SFR

MLS Schools

  • Elementary School: Indian Trail
  • High School: Sun Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Dec 20, 2024
Sold by
Kelly Michele M
Bought by
Pelusio Albert M
Seller's Agent
Keith Hensel
Helen Adams Realty
Buyer's Agent
Danielle Santella
EXP Realty LLC Ballantyne
List Price
$895,000
Sold Price
$820,000
Premium/Discount to List
-$75,000
-8.38%
Views
4
Current Estimated Value
$850,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,722
Avg. Annual Appreciation
7.63%
Original Mortgage
$756,000
Outstanding Balance
$571,764
Interest Rate
6.78%
Mortgage Type
Construction
Estimated Equity
$278,958

Purchase Details

Closed on
Apr 18, 2018
Sold by
Kelly Scott F and Kelly Michele M
Bought by
Kelly Michele M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $820,000 Ballantyne Title
Warranty Deed $820,000 Ballantyne Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $756,000 Construction
Closed $756,000 Construction
Previous Owner $322,000 Unknown
Previous Owner $92,000 Credit Line Revolving
Previous Owner $198,612 Unknown
Previous Owner $50,000 Credit Line Revolving
Previous Owner $150,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2024 12/20/24 Sold $820,000 -8.4% $286 / Sq Ft
11/06/2024 11/06/24 For Sale $895,000 -- $312 / 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 $3,159 $374,500 $83,700 $290,800
2023 $3,138 $374,500 $83,700 $290,800
2022 $2,381 $374,500 $83,700 $290,800
2021 $3,135 $374,500 $83,700 $290,800
2020 $1,668 $212,290 $35,390 $176,900
2019 $2,115 $212,290 $35,390 $176,900
2018 $1,658 $212,290 $35,390 $176,900
2017 $2,221 $212,300 $35,400 $176,900
2016 $1,734 $212,290 $35,390 $176,900
2015 $1,757 $212,290 $35,390 $176,900
2014 $1,441 $203,540 $93,250 $110,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4192159

Canopy MLS (Canopy Realtor® Association)

APN: 07-147-131-D