NOT LISTED FOR SALE

2007 Formosa Dr Monroe, NC 28110

Estimated Value: $501,000 - $540,000

6 Beds
3 Baths
3,055 Sq Ft
$171/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $475,000 $155 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,026/month

18 Days on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Cul-De-Sac
  • Shiloh Valley Primary School Rated A-
  • Community Pool
  • Community Playground

About This Home

As of March 2022

***MULTIPLE OFFERS HAVE BEEN RECEIVED! PLEASE SUBMIT HIGHEST AND BEST BY SUNDAY 3/6 AT 4PM***
Welcome Home to this 6BR beauty in Brook Valley nestled in a cul-de-sac with rocking chair front porch and 3 car garage! Gleaming hardwood floors extend from the 2 story Foyer to the Great Room. Huge backyard is completely fenced in and would accommodate a pool! Check out the Bocce Ball Court in the backyard as well! Kitchen and breakfast area has tiled flooring, lots of cabinets and Corian countertops. This home is perfect for entertaining as the spacious kitchen opens up to the Great Room. There is a main floor bedroom with a full bath. Upstairs you will find a spacious primary bedroom with 4 additional bedrooms with great closet space! The Bed/Bonus room is huge that has lots of possibilities! New Roof in 2018, HVAC replaced in 2013 and is still under warranty. Close to shopping, entertainment, restaurants and neighborhood schools.

Last Agent to Sell the Property

Lisha Maxwell

Keller Williams Ballantyne Area License #292496 Listed on: 03/04/2022

Keller Williams Ballantyne Area

Last Buyer's Agent

Helen-Alyona Harp

Keller Williams Ballantyne Area License #298217

Keller Williams Ballantyne Area

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,894

Year Built

  • Built in 2002

Lot Details

  • Lot Dimensions are 73x145x159x140
  • Cul-De-Sac
  • Level Lot
  • Property is zoned ARO, AR0

HOA Fees

  • $48 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Great Room with Fireplace
  • Home Security System

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Schools

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

Utilities

  • Central Heating
  • Vented Exhaust Fan
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 07-093-279

Community Details

Overview

  • Braesael Mgmt Association, Phone Number (704) 847-3507
  • Brook Valley Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,894

Year Built

Built in 2002

Lot Details

0

HOA Fees

$48 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2002
  • Ratio Current Price By Acre: 1357142.86
  • Restrictions: Architectural Review
  • Doors and Windows: Insulated Windows,Storm Door(s)
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Fixture Exception Yn: 1
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1387
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1668
  • Fixture Exception Description: attached desk and 2 end units in office- sentimental as Dad made for his daughter
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal, Electric Dryer Hookup, Electric Range, Exhaust Fan, Plumbed For Ice Maker, Microwave, Security System, Self Cleaning Oven
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Great Room
  • Living Area: 3055
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: Union
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 730
  • Parking Features: Garage - 3 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Gas
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground, Sidewalks, Street Lights
  • Association Fee: 142.5
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Association Name: Braesael Mgmt
  • Phone: 704-847-3507
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Middle Or Junior School: Sun Valley
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cul-De-Sac, Level
  • Lot Size Area: 0.35
  • Lot Size Units: Acres
  • Parcel Number: 07-093-279
  • Lot Size: 73x145x159x140
  • Zoning Description: AR0

Tax Info

  • RATIO List Price By Tax Amount: 1.40669

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Shiloh
  • High School: Sun Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Mar 30, 2022
Sold by
Sutton Laura L and Sutton Dennis L
Bought by
Javadzade Jahir and Javadzade Aynur
Seller's Agent
Lisha Maxwell
Keller Williams Ballantyne Area
Buyer's Agent
Helen-Alyona Harp
Keller Williams Ballantyne Area
List Price
$450,000
Sold Price
$475,000
Premium/Discount to List
$25,000
5.56%
Current Estimated Value
$521,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,802
Avg. Annual Appreciation
2.66%
Original Mortgage
$427,500
Outstanding Balance
$402,271
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$119,531

Purchase Details

Closed on
Aug 8, 2006
Sold by
Sirva Relocation Llc
Bought by
Sutton Dennis L and Sutton Laura L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 17, 2006
Sold by
Colcord E Kevin and Colcord Amy J
Bought by
Sirva Relocation Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 26, 2002
Sold by
Cambridge Homes Of Nc Ltd Prtnrshp
Bought by
Colcord E Kevin and Colcord Amy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.15%
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
Javadzade Jahir $475,000 Clements Jonathon L
Sutton Dennis L $263,000 Stewart National Title Svcs
Sirva Relocation Llc $263,000 Stewart National Title Svcs
Colcord E Kevin $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Javadzade Jahir $427,500
Previous Owner Sutton Dennis L $130,000
Previous Owner Colcord E Kevin $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $475,000 +5.6% $155 / Sq Ft
03/07/2022 03/07/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $450,000 0.0% $147 / Sq Ft
03/02/2022 03/02/22 For Sale $450,000 0.0% $147 / Sq Ft
02/26/2022 02/26/22 For Sale $450,000 0.0% $147 / Sq Ft
02/22/2022 02/22/22 For Sale $450,000 0.0% $147 / Sq Ft
02/19/2022 02/19/22 For Sale $450,000 0.0% $147 / Sq Ft
02/17/2022 02/17/22 For Sale $450,000 0.0% $147 / Sq Ft
02/16/2022 02/16/22 For Sale $450,000 -- $147 / 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 $2,894 $339,500 $54,600 $284,900
2023 $2,693 $319,900 $35,000 $284,900
2022 $2,636 $319,900 $54,600 $265,300
2021 $2,633 $319,900 $54,600 $265,300
2020 $1,807 $230,500 $35,000 $195,500
2019 $2,264 $230,500 $35,000 $195,500
2018 $1,785 $230,500 $35,000 $195,500
2017 $2,380 $230,500 $35,000 $195,500
2016 $1,854 $230,500 $35,000 $195,500
2015 $1,876 $230,500 $35,000 $195,500
2014 $1,657 $239,340 $44,000 $195,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3829517

Canopy MLS (Canopy Realtor® Association)

APN: 07-093-279