NOT LISTED FOR SALE

242 Park Square Place Unit 242 Matthews, NC 28105

Estimated Value: $267,000 - $315,000

2 Beds
2 Baths
995 Sq Ft
$279/mo HOA Fee

Last Sold February 09, 2024

Last sale price $295,000 $296 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,138/month

1 Day on Market

Highlights

  • Balcony
  • 1-Story Property
  • Central Heating and Cooling System
  • Crestdale Middle School Rated A-
  • Four Sided Brick Exterior Elevation
  • 4-minute walk to Stumptown Park

About This Home

As of February 2024

Seller is offering a $5,000 carpet and painting allowance with acceptable offer. Incredible live/work condo in downtown Matthews. The split bedroom floorplan with 2 bedrooms and 2 full ensuite bathrooms makes for a perfect roommate setup. The open floorplan and high ceilings make a spacious living area that flows nicely to both the kitchen and the balcony. Walk to everything Matthews has to offer including restaurants, bars, shopping, the farmers market, etc. Schedule your showing today and select your own carpet/flooring and paint colors. Great investment in booming downtown Matthews!

Last Agent to Sell the Property

Zann Hawkins

Coldwell Banker Realty Brokerage Email: ZannHawkins@gmail.com License #277526 Listed on: 01/25/2024

Coldwell Banker Realty

Last Buyer's Agent

Ily Munoz

Helen Adams Realty License #87104

Helen Adams Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,122

Year Built

  • Built in 2004

Lot Details

  • 1.65

HOA Fees

Parking

  • Parking Lot

Home Design

  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 995 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • One Alliance Association, Phone Number (704) 765-4620
  • Park Square Condos
  • Park Square Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 227-015-21

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,122

Year Built

Built in 2004

Lot Details

0

HOA Fees

$279 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2004
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 296.48
  • Property Sub Type Additional: Live/Work
  • Geocode Confidence: High
  • Attribution Contact: ZannHawkins@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 2
  • Fireplace: No
  • Flooring: Carpet, Laminate, Linoleum
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 995
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Range
  • Above Grade Finished Sq Ft: 995
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 995
  • Bedroom Main: 2
  • Room Count: 1

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Full
  • Patio And Porch Features: Balcony

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot, Parking Space(s)

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 450
  • Association Fee Frequency: Quarterly
  • Association #2 Fee: 387
  • Association #2 Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Park Square
  • Senior Community: No
  • Association: One Alliance
  • Association Name: One Alliance
  • Phone: 704-765-4620
  • ResoAssociationFeeFrequency: Quarterly
  • Association Email: office@onealliancecompanies.com

Association/Amenities

  • Association Annual Expense: 3348.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 227-015-21
  • Land Included Yn: 0
  • Zoning Specification: B1CD

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Conditional

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2024
Closed on
Feb 9, 2024
Sold by
Drehs Paul L
Bought by
Jem1 Properties Llc
Seller's Agent
Zann Hawkins
Coldwell Banker Realty
Buyer's Agent
Ily Munoz
Helen Adams Realty
List Price
$285,000
Sold Price
$295,000
Premium/Discount to List
$10,000
3.51%
Total Days on Market
1
Views
17
Current Estimated Value
$301,109

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,109
Avg. Annual Appreciation
1.53%

Purchase Details

Closed on
Sep 19, 2014
Sold by
Alexa Residential Llc
Bought by
Drehs Paul L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2005
Sold by
Mckenna Sandman Teresa and Sandman Scott H
Bought by
Alexa Residential Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2004
Sold by
The Downtown Group Llc
Bought by
Sandman Scott H and Mckenna Sandman Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
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
Jem1 Properties Llc $295,000 Cardinal Title
Drehs Paul L $112,000 Morehead Title
Alexa Residential Llc -- --
Sandman Scott H $131,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Drehs Paul L $89,600
Previous Owner Sandman Scott H $81,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $295,000 +3.5% $296 / Sq Ft
01/25/2024 01/25/24 For Sale $285,000 -- $286 / 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
2023 $2,122 $280,940 $0 $280,940
2022 $1,328 $141,300 $0 $141,300
2021 $1,328 $141,300 $0 $141,300
2020 $1,307 $141,800 $0 $141,800
2019 $1,305 $141,800 $0 $141,800
2018 $1,407 $117,100 $30,000 $87,100
2017 $1,377 $117,100 $30,000 $87,100
2016 $1,374 $117,100 $30,000 $87,100
2015 $1,370 $117,100 $30,000 $87,100
2014 $1,342 $119,400 $30,000 $89,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4103679

Canopy MLS (Canopy Realtor® Association)

APN: 227-015-21