NOT LISTED FOR SALE

1701 Watersmark Dr Monroe, NC 28112

Estimated Value: $951,000 - $1,160,000

4 Beds
4.5 Baths
4,510 Sq Ft
$226/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $759,950 $169 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $6,107/month

4 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Wooded Lot
  • Rock Rest Elementary School Rated A-
  • Community Lake
  • Vaulted Ceiling

About This Home

As of May 2021

Lake Lee- Union County- Contemporary, European style estate offers 1.41 ac. waterfront , stone and stucco masterpiece offers the finest of materials and finishes. 8' tall mahogany door welcomes you to breathtaking entrance hall, double archways lead to formal Living and Dining . A wall of windows in the Great Room Bay wall commands you to the waterview- Large fireplace flanked by bookcases, Note the intricate moldings and gleaming oak floors throughout the living areas - large light filled Kitchen w granite counters, stainless appliances, and BK w water view/ walk in pantry and french doors to the magnificent lakefront screened porch and decks- down the hall on level one find a lavish master suite w walk in closets, heated marble floors bath , and more water views, main level guest suite, service areas toward the garage will please with a drop zone/storage and big laundry room, floor two has two ensuite bedrooms & expansive rec room that floats above the lake impeccably maintained

Last Agent to Sell the Property

James Kerr

J Kerr and Co LLC License #162467 Listed on: 04/06/2021

Last Buyer's Agent

Deborah Richter

Carolina Right Way Realty LLC License #42647

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Waterfront
  • Wooded Lot
  • Many Trees

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2

Home Design

  • European Architecture
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Crawl Space
  • Attic

Kitchen

  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Community Details

  • Built by Centralina
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 09-161-091

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: European
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.02703
  • Ratio Current Price By Acre: 538971.63
  • Ratio Current Price By Sq Ft: 168.50
  • Year Built: 2007
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Upper Level Sq Ft: 1170
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: Cooktop Gas, Dishwasher, Disposal, Downdraft Cooktop, Dryer, Ice Maker Connection, Refrigerator, Washer
  • Fireplace Description: Gas Logs, Great Room
  • Fixture Exception Description: Dining Room chandelier
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Marble, Tile, Wood
  • Interior Amenities: Attic Walk-in, Basement Shop, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry, Window Treatments
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 3340
  • Total Sq Ft: 4510
  • Sq Ft Unheated Basement: 387
  • Sq Ft Unheated Total: 387

Exterior Features

  • Construction: Hard Stucco, Stone, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Garage - 2 Car, Garage Door Opener, On-Street Parking, Parking Space - 4+, Side Load Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 250.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 121x41x291x111x156x195x89
  • Lot Features: Paved Frontage, Sloping, Trees, Views, Waterfront, Wooded, Year Round View
  • Parcel Number: 09-161-091
  • Plat Reference Section Pages: 406
  • Zoning Specification: res

Building Info

  • Builder Name: Centralina

Tax Info

  • Tax Value: 632600.00
  • Tax Location: Monroe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 28, 2021
Sold by
Lee James Allen and Lee Kristie Stearns
Bought by
Costain Thomas Andrew and Costain Connie Violet
Seller's Agent
James Kerr
J Kerr and Co LLC
Buyer's Agent
Deborah Richter
Carolina Right Way Realty LLC
List Price
$759,950
Sold Price
$759,950
Current Estimated Value
$1,020,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,714
Avg. Annual Appreciation
6.56%
Original Mortgage
$484,950
Outstanding Balance
$436,901
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$583,763

Purchase Details

Closed on
Sep 1, 2017
Sold by
Elliott Claude F and Elliott Jane
Bought by
Stearns Lee Iii James Allen and Stearns Lee Kristie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.85%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Costain Thomas Andrew $760,000 None Available
Stearns Lee Iii James Allen $587,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costain Thomas Andrew $484,950
Previous Owner Stearns Lee Iii James Allen $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $759,950 0.0% $169 / Sq Ft
04/11/2021 04/11/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $759,950 0.0% $169 / Sq Ft
03/26/2021 03/26/21 Price Changed $759,950 -- $169 / 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 $8,984 $1,027,700 $0 $0
2024 $6,899 $632,600 $101,400 $531,200
2023 $6,899 $632,600 $101,400 $531,200
2022 $6,899 $632,600 $101,400 $531,200
2021 $6,899 $632,600 $101,400 $531,200
2020 $8,000 $593,790 $73,990 $519,800
2019 $8,000 $593,790 $73,990 $519,800
2018 $3,660 $593,790 $73,990 $519,800
2017 $8,119 $593,800 $74,000 $519,800
2016 $8,033 $593,790 $73,990 $519,800
2015 $4,611 $593,790 $73,990 $519,800
2014 $7,802 $639,470 $101,800 $537,670
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3722350

Canopy MLS (Canopy Realtor® Association)

APN: 09-161-091