NOT LISTED FOR SALE

240 S Faulkner Way Davidson, NC 28036

Estimated Value: $620,000 - $648,866

3 Beds
2.5 Baths
2,087 Sq Ft
$280/mo HOA Fee

Last Sold November 04, 2021

Last sale price $511,000 $245 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,053/month

5 Days on Market

About This Home

As of November 2021

Fall in love with this charming 3 bedrooms, 2.5 bathroom home in highly desirable Davidson! Entering the home from the brick porch you are lead to the spacious living room featuring a cozy fireplace perfect for chilly nights. The dine-in kitchen area includes a breakfast bar and ample counter space, making entertaining friends a breeze! Retreat to the main bedroom featuring an en suite bathroom with a glassed-in steam shower and jetted soaking tub. Take dinner outside to the private brick patio and enjoy the breeze after a long day. Minutes from Downtown Davidson, I-77, and Lake Norman with easy access to multiple restaurants and shopping choices. Do not miss the chance to call this home yours!

Last Agent to Sell the Property

Mary Keller

Zillow Homes Inc License #351480 Listed on: 10/01/2021

Last Buyer's Agent

Mary Lib Richards

Keller Williams Lake Norman License #246140

Keller Williams Lake Norman

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2001

Lot Details

  • 3,049

HOA Fees

  • $280 Monthly HOA Fees

Parking

  • 2

Home Design

  • Slab Foundation

Bedrooms and Bathrooms

Community Details

  • Main Street Management Group Association, Phone Number (704) 255-1266

Listing and Financial Details

  • Assessor Parcel Number 003-157-06

Property Details

Home Type

Condominium

Year Built

Built in 2001

Lot Details

0

HOA Fees

$280 per month

Parking

2

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1.5 Story
  • Ratio Close Price By List Price: 1.01530
  • Ratio Close Price By Original Li: 1.01530
  • Ratio Current Price By Acre: 7300000.00
  • Ratio Current Price By Sq Ft: 244.85
  • Unit Floor Level: 1
  • Year Built: 2001
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 594
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: Dishwasher, Electric Oven, Microwave, Refrigerator
  • H O A Management Phone: 704-255-1266
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1493
  • Total Sq Ft: 2087
  • Sq Ft Unheated Main: 530
  • Sq Ft Unheated Total: 530

Exterior Features

  • Construction: Brick Partial, Concrete Block
  • Construction Type: Site Built

Garage/Parking

  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 280.00
  • Association Fee Frequency: Monthly
  • Complex Name: Old Davidson
  • HOA Management Company: Main Street Management Group
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Davidson
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Land Included Yn: Yes
  • Lot Size Area: 0.070
  • Parcel Number: 003-157-06
  • Zoning Specification: VIP

Tax Info

  • Tax Value: 382400.00
  • Tax Location: Davidson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Nov 4, 2021
Sold by
Zillow Homes Property Trust
Bought by
Grubbs Richard S and Grubbs Deirdre S
Seller's Agent
Mary Keller
Zillow Homes Inc
Buyer's Agent
Mary Lib Richards
Keller Williams Lake Norman
List Price
$503,300
Sold Price
$511,000
Premium/Discount to List
$7,700
1.53%
Current Estimated Value
$632,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,467
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Aug 13, 2021
Sold by
Conway Edward D and Conway Jilinda L
Bought by
Zillow Homes Property Trust

Purchase Details

Closed on
Apr 17, 2017
Sold by
Patil Arvind S and Patil Helen R
Bought by
Conway Edward D and Conway Jilinda L

Purchase Details

Closed on
Oct 10, 2001
Sold by
The Cunnane Group Inc
Bought by
Patil Arvind S and Patil Helen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
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
Grubbs Richard S $511,000 Zillow Closing Services Llc
Zillow Homes Property Trust $492,000 Zillow Closing Services Llc
Conway Edward D $300,000 None Available
Patil Arvind S $296,500 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patil Arvind S $203,000
Previous Owner Patil Helen R $45,000
Previous Owner Patil Arvind S $228,000
Previous Owner Patil Arvind S $20,000
Previous Owner Patil Arvind S $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2021 11/04/21 Sold $511,000 +1.5% $245 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $503,300 -- $241 / 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 $3,922 $517,000 $130,000 $387,000
2023 $3,866 $517,000 $130,000 $387,000
2022 $3,641 $382,400 $105,000 $277,400
2021 $3,708 $382,400 $105,000 $277,400
2020 $3,708 $382,400 $105,000 $277,400
2019 $3,702 $382,400 $105,000 $277,400
2018 $3,714 $297,100 $60,000 $237,100
2017 $3,688 $297,100 $60,000 $237,100
2016 $3,685 $297,100 $60,000 $237,100
2015 $3,681 $297,100 $60,000 $237,100
2014 $3,679 $318,300 $60,000 $258,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3792031

Canopy MLS (Canopy Realtor® Association)

APN: 003-157-06