NOT LISTED FOR SALE

2003 Formosa Dr Monroe, NC 28110

Estimated Value: $488,000 - $525,000

5 Beds
3 Baths
3,058 Sq Ft
$167/Sq Ft Est. Value

Last Sold July 26, 2021

Last sale price $410,000 $134 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $2,945/month

29 Days on Market

Highlights

  • Fireplace
  • Attached Garage
  • Tile Flooring
  • Shiloh Valley Primary School Rated A-

About This Home

As of July 2021

This Monroe two-story home offers a patio, granite countertops, and a two-car garage. This home has been virtually staged to illustrate its potential.

Last Agent to Sell the Property

Verria Hairston

Opendoor Brokerage LLC License #309654 Listed on: 05/11/2021

Last Buyer's Agent

Michelle Han

Keller Williams Ballantyne Area License #209431

Keller Williams Ballantyne Area

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 0.27

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Fireplace

Flooring

  • Carpet
  • Tile

Community Details

  • Braesael Management Company Association, Phone Number (704) 847-3507

Listing and Financial Details

  • Assessor Parcel Number 07-093-277

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

HOA Fees

$48 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98558
  • Ratio Close Price By Original Li: 0.98558
  • Ratio Current Price By Acre: 1485507.25
  • Ratio Current Price By Sq Ft: 134.07
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1672
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 5
  • Equipment: Ceiling Fan(s), Dishwasher, Gas Range, Microwave
  • Fireplace Description: Natural Gas
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • H O A Management Phone: 7048473507
  • Laundry Location: Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 1386
  • Total Sq Ft: 3058

Exterior Features

  • Construction: Brick Partial, Vinyl, Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

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

Condo/Co-op/Association

  • Association Fee: 143.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Braesael Management Company
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Shiloh
  • Middle School: Sun Valley
  • High School: Sun Valley

Lot Info

  • Lot Size Area: 0.276
  • Parcel Number: 07-093-277
  • Zoning Specification: AR0

Tax Info

  • Tax Value: 228900.00
  • Tax Location: Indian Trail

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jul 23, 2021
Sold by
Opendoor Proerty J Llc
Bought by
Heo Man Jong and Heo Eun Nam
Seller's Agent
Verria Hairston
Opendoor Brokerage LLC
Buyer's Agent
Michelle Han
Keller Williams Ballantyne Area
List Price
$416,000
Sold Price
$410,000
Premium/Discount to List
-$6,000
-1.44%
Current Estimated Value
$509,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,179
Avg. Annual Appreciation
5.22%
Original Mortgage
$300,000
Outstanding Balance
$272,453
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$236,726

Purchase Details

Closed on
Apr 29, 2021
Sold by
Schwenk Kelsey L and Schwenk Nathan A
Bought by
Opendoor Property J Lllc

Purchase Details

Listed on
Sep 22, 2017
Closed on
Nov 9, 2017
Sold by
S & B Real Estate Investments Llc
Bought by
Schwenk Kelsey L and Schwenk Nathan A
Seller's Agent
Brian Haigler
Keller Williams Select
Buyer's Agent
Mark Zoltanski
Z1 Realty
List Price
$275,000
Sold Price
$277,000
Premium/Discount to List
$2,000
0.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$268,690
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2017
Sold by
Goodwin Denine and Goodwin Bobby
Bought by
S & B Real Estate Investments Llc

Purchase Details

Closed on
Apr 30, 2003
Sold by
Cambridge Homes Of North Carolina Lp
Bought by
Goodwin Bobby and Goodwin Denine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
5.79%
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
Heo Man Jong $410,000 Chicago Title Insurance Co
Opendoor Property J Lllc $379,000 Chicago Title
Opendoor Property J Llc -- None Listed On Document
Schwenk Kelsey L $277,000 None Available
S & B Real Estate Investments Llc -- None Available
Goodwin Bobby $221,000 --
Cambridge Homes Of North Carolina Lp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heo Man Jong $300,000
Previous Owner Schwenk Kelsey L $268,690
Previous Owner Goodwin Bobby $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/26/2021 07/26/21 Sold $410,000 -1.4% $134 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $416,000 +50.2% $136 / Sq Ft
11/10/2017 11/10/17 Sold $277,000 +0.7% $90 / Sq Ft View Prior Sale
09/23/2017 09/23/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $275,000 -- $90 / 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 $2,718 $318,500 $54,600 $263,900
2023 $2,681 $318,500 $54,600 $263,900
2022 $1,982 $318,500 $54,600 $263,900
2021 $2,622 $318,500 $54,600 $263,900
2020 $1,795 $228,900 $35,000 $193,900
2019 $2,250 $228,900 $35,000 $193,900
2018 $1,773 $228,900 $35,000 $193,900
2017 $2,364 $228,900 $35,000 $193,900
2016 $1,841 $228,900 $35,000 $193,900
2015 $1,864 $228,900 $35,000 $193,900
2014 $1,666 $240,800 $44,000 $196,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3738843

Canopy MLS (Canopy Realtor® Association)

APN: 07-093-277