NOT LISTED FOR SALE

1701 Lake Monroe Dr Monroe, NC 28112

Estimated Value: $579,000 - $694,625

4 Beds
4 Baths
3,032 Sq Ft
$214/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $480,000 $158 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,731/month

17 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Transitional Architecture
  • Rock Rest Elementary School Rated A-
  • Community Lake
  • Engineered Wood Flooring

About This Home

As of May 2021

Panoramic view of Lake Monroe from your Breakfast table! Custom built full brick home, with basement, on 2.29 acres. Foyer, with curved staircase, Office on main level with a raised patio and built-in bookshelves. Master on main with large walk-in closet, Master upstairs has his & her closets. Travertine floors in Foyer, Dining, kitchen and hardwood floors in two story great room. Unfinished basement has so much space potential and is plumbed for a full bath. Walk out and take the stone walkway down to the lake and your floating pier. There is a 14x19 unfinished attic storage on upper level. Circular drive with tons of parking! Seller motivated Price reductions is in lieu of needed updates. Multiple offers. All offers must be in by 7:00 p.m. Sunday 3/28

Last Agent to Sell the Property

Mark McClain

GR8REALTY4U Inc License #167734 Listed on: 03/12/2021

Co-Listed By

Patricia L. Nedvesky

GR8REALTY4U Inc License #220425

Last Buyer's Agent

Jude Beard

EXP Realty LLC License #303695

EXP Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • Waterfront

Parking

  • Attached Garage
  • Circular Driveway

Home Design

  • Transitional Architecture
  • Brick Exterior Construction

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Cathedral Ceiling
  • Fireplace
  • Attic

Kitchen

  • Walk-In Pantry
  • Oven
  • Kitchen Island

Flooring

  • Engineered Wood
  • Carpet
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

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

Utilities

  • Heating System Uses Propane
  • Septic Tank

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 09-207-005-A

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Transitional
  • Ratio Close Price By List Price: 0.96000
  • Ratio Close Price By Original Li: 0.80000
  • Ratio Current Price By Acre: 209606.99
  • Ratio Current Price By Sq Ft: 158.31
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 1294
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Cooktop Electric, Dishwasher, Disposal, Downdraft Cooktop, Dryer, Electric Dryer Hookup, Electric Range, Ice Maker Connection, Microwave, Network Ready, Oven, Propane, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Laminate Wood, Linoleum, Prefinished Wood, Tile
  • Interior Amenities: Attic Walk-in, Cathedral Ceiling(s), Garden Tub, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Upper, Laundry Room
  • Room Count: 3
  • Main Level Sq Ft: 1738
  • Total Sq Ft: 3032
  • Sq Ft Unheated Basement: 1710
  • Sq Ft Unheated Main: 45
  • Sq Ft Unheated Total: 2021
  • Sq Ft Unheated Upper: 266

Exterior Features

  • Construction: Brick Full, Fiber Cement
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Circular
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Garage Door Opener, Parking Space - 4+, Side Load Garage

Utilities

  • Heating: Central Air, Electric Hot Air, Multizone A/C, Propane
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake

Lot Info

  • Lot Dimension: 339x292x210x132x110x132
  • Lot Features: Waterfront
  • Parcel Number: 09-207-005-A
  • Zoning Specification: R-40

Tax Info

  • Tax Value: 633900.00
  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
May 14, 2021
Sold by
Freehling Anthony Kent and Freehling Terena Lynn
Bought by
Cataneo Ubaldo Varela and Varela Laura B
Seller's Agent
Mark McClain
GR8REALTY4U Inc
Buyer's Agent
Jude Beard
EXP Realty LLC
List Price
$600,000
Sold Price
$480,000
Premium/Discount to List
-$120,000
-20%
Current Estimated Value
$648,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,156
Avg. Annual Appreciation
6.70%
Original Mortgage
$300,000
Outstanding Balance
$224,123
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$424,033

Purchase Details

Closed on
Jan 19, 2021
Sold by
Freehling Anthony Kent and Estate Of Mary Jane Freehling
Bought by
Freehling Anthony Kent and Freehling Terena Lynn

Purchase Details

Closed on
Dec 4, 1997
Sold by
White Iii Eugene F and White Stephanie H
Bought by
Clarke Philip Safford
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cataneo Ubaldo Varela $480,000 None Available
Freehling Anthony Kent -- Chicago Title Insurance Co
Clarke Philip Safford $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cataneo Ubaldo Varela $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $480,000 -4.0% $158 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/26/2021 03/26/21 Price Changed $499,999 -9.1% $165 / Sq Ft
03/22/2021 03/22/21 Price Changed $550,000 -8.3% $181 / Sq Ft
03/12/2021 03/12/21 For Sale $600,000 -- $198 / 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 $4,017 $840,000 $0 $0
2024 $3,277 $513,000 $36,400 $476,600
2023 $3,195 $513,000 $36,400 $476,600
2022 $3,195 $554,100 $36,400 $517,700
2021 $4,016 $633,900 $36,400 $597,500
2020 $3,457 $436,500 $81,500 $355,000
2019 $3,290 $436,500 $81,500 $355,000
2018 $3,290 $436,500 $81,500 $355,000
2017 $3,509 $436,500 $81,500 $355,000
2016 $3,446 $436,500 $81,500 $355,000
2015 $3,489 $436,500 $81,500 $355,000
2014 $2,612 $380,950 $63,890 $317,060
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3717106

Canopy MLS (Canopy Realtor® Association)

APN: 09-207-005-A