NOT LISTED FOR SALE

1725 Margaret Ridge Dr Unit 26 Matthews, NC 28105

Estimated Value: $2,435,000 - $2,609,000

5 Beds
7 Baths
5,898 Sq Ft
$430/Sq Ft Est. Value

Last Sold February 13, 2020

Last sale price $1,720,638 $292 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $14,850/month

Highlights

  • Under Construction
  • Open Floorplan
  • Engineered Wood Flooring
  • Elizabeth Lane Elementary Rated A-
  • Wooded Lot
  • European Architecture

About This Home

As of February 2020

LOCATION, LOCATION, LOCATION! Arthur Rutenberg Homes Award Winning Silver Oak Plan currently under construction. Comfortable and open floor plan: Master on main, 4 additional bdrms upstairs, large bonus rm, + media rm! Kitchen features large island, and granite counter tops. Great rm features fabulous coffered ceilings, 16ft. collapsing door that leads to outdoor living area with fireplace that is covered and ideal for family gatherings; outdoor living also features pool.

Last Agent to Sell the Property

Christopher Dillard

Paragon Homes Realty NC LLC License #8370 Listed on: 01/29/2019

Last Buyer's Agent

John Siddons

Berkshire Hathaway HomeServices Carolinas Realty License #271515

Berkshire Hathaway HomeServices Carolinas Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018 | Under Construction

Lot Details

  • 0.82

HOA Fees

  • $54 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • European Architecture

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Gas Log Fireplace
  • Crawl Space

Kitchen

  • Oven
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Wooded Lot
  • Heating System Uses Natural Gas

Community Details

  • Built by Arthur Rutenberg Homes

Listing and Financial Details

  • Assessor Parcel Number 227-065-22
  • Tax Block Phase 2

Home Details

Home Type

Single Family

Year Built

Built in 2018 | Under Construction

Lot Details

0

HOA Fees

$54 per month

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: European
  • Construction Status: Under Construction
  • Ratio Close Price By List Price: 1.07540
  • Ratio Close Price By Original Li: 1.07540
  • Ratio Current Price By Acre: 2095783.19
  • Ratio Current Price By Sq Ft: 291.73
  • Year Built: 2018
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 2502
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Total Bathrooms: 7.00
  • Total Bedrooms: 5
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Convection Oven, Cooktop Gas, Dishwasher, Disposal, Exhaust Fan, Ice Maker Connection, Microwave, Network Ready, Oven, Refrigerator
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Prefinished Wood, Tile
  • Interior Amenities: Attic Other, Built-Ins, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Upper, Laundry Room, Utility Room
  • Room Count: 2
  • Main Level Sq Ft: 3396
  • Total Sq Ft: 5898
  • Sq Ft Unheated Main: 1566
  • Sq Ft Unheated Total: 1566

Exterior Features

  • Construction: Brick Partial, Stone Veneer
  • Construction Type: Site Built
  • New Construction: Yes

Garage/Parking

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

Utilities

  • Heating: Multizone A/C, MultiZone Heat, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 650.00
  • 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: 127x187x181x200
  • Lot Features: Cul-de-sac Lot, Wooded
  • Lot Size Area: 0.821
  • Parcel Number: 227-065-22
  • Plat Book Slide: 227-065-44
  • Plat Reference Section Pages: 26
  • Zoning Specification: R

Building Info

  • Builder Name: Arthur Rutenberg Homes

Tax Info

  • Tax Value: 220000.00
  • Tax Block: Phase 2
  • Tax Location: Matthews

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2022
Sold by
Cioffi Christopher C and Cioffi Robert Charles
Bought by
Kim Soo Hyun and Paik Charles
Current Estimated Value
$2,535,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,979,780
Outstanding Balance
$1,884,831
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$650,731

Purchase Details

Closed on
Jun 21, 2018
Sold by
Paragon Homes Of Charlotte Inc
Bought by
Cioffi Christopher C and Medlin Charles Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 15, 2018
Sold by
Matthews Arborfield Llc
Bought by
Paragon Homes Charlotte Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Kim Soo Hyun $2,200,000 Chicago Title
Cioffi Christopher C $304,000 None Available
Paragon Homes Charlotte Inc $295,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Soo Hyun $1,979,780
Previous Owner Cioffi Christopher C $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2020 02/13/20 Sold $1,720,638 +7.5% $292 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $1,600,000 -- $271 / 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 $16,233 $2,158,900 $357,500 $1,801,400
2024 $16,233 $2,158,900 $357,500 $1,801,400
2023 $16,012 $2,158,900 $357,500 $1,801,400
2022 $13,064 $1,456,600 $291,500 $1,165,100
2021 $13,322 $1,456,600 $291,500 $1,165,100
2020 $8,686 $291,500 $291,500 $0
2019 $2,614 $291,500 $291,500 $0
2018 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3469610

Canopy MLS (Canopy Realtor® Association)

APN: 227-065-22