NOT LISTED FOR SALE

2701 Cedar Trail Ln Unit 49 Wingate, NC 28174

Estimated Value: $613,000 - $695,000

3 Beds
3.5 Baths
3,463 Sq Ft
$189/Sq Ft Est. Value

Last Sold October 28, 2019

Last sale price $335,100 $97 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $3,914/month

23 Days on Market

Highlights

  • Barn
  • Contemporary Architecture
  • Cathedral Ceiling
  • Greenhouse
  • Wooded Lot
  • Wood Flooring

About This Home

As of October 2019

Welcome to what might be the most unique property in all of Union County and, at this price, perhaps the best value in the county too! Despite being in a private, rural area, the home is only ten minutes from the Monroe Connector-Bypass, which puts you only a short drive from Charlotte. Situated on 10 acres of mixed hardwoods and evergreens, with a natural spring and creek, this property is a nature lover's paradise. On the property is the main residence with a sprawling open floor plan as well as a secondary building used as a workshop but designed to be converted to a finished guest home. Although the home is structurally sound and move-in ready, the price reflects the assumption that the buyer may want to make upgrades to modernize certain aspects. The buyer will enjoy many large bedrooms, an over-sized 3 car garage, beautiful hardwood & brick flooring, a spacious kitchen, and seating areas with many windows and screened porches to honor and enjoy the nature outside.

Last Agent to Sell the Property

Heather Reagor

Real Broker, LLC License #302487 Listed on: 08/20/2019

Co-Listed By

Richard Price

R.W Price Realty LLC License #80808

Last Buyer's Agent

Michelle Orr

United Real Estate-Queen City License #196268

United Real Estate-Queen City

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 10.45

Parking

  • Attached Garage
  • Gravel Driveway

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2.5-Story Property
  • Cathedral Ceiling

Flooring

  • Wood
  • Brick
  • Carpet
  • Tile

Outdoor Features

  • Greenhouse
  • Separate Outdoor Workshop

Additional Features

  • Wooded Lot
  • Barn
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 02-230-059

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2.5 Story
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.95743
  • Ratio Close Price By Original Li: 0.95743
  • Ratio Current Price By Acre: 32066.99
  • Ratio Current Price By Sq Ft: 96.77
  • Year Built: 1981
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 535
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Dryer Hookup, Electric Range, Ice Maker Connection, Refrigerator, Electric Oven
  • Flooring: Brick, Carpet, Tile, Wood
  • Interior Amenities: Basement Shop, Built-Ins, Cathedral Ceiling(s)
  • Laundry Location: Upper, Laundry Room
  • Room Count: 4
  • Lower Level Sq Ft: 568
  • Main Level Sq Ft: 2178
  • Third Level Sq Ft: 182
  • Total Sq Ft: 3463

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Exterior Features: Barn(s), Workshop, Greenhouse

Garage/Parking

  • Driveway: Gravel
  • Parking: Attached Garage, Basement, Garage - 3 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Lot Info

  • Lot Features: Rolling, Wooded
  • Parcel Number: 02-230-059
  • Plat Reference Section Pages: 78
  • Zoning Specification: AF8

Tax Info

  • Tax Value: 301700.00
  • Tax Location: Wingate

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Oct 17, 2019
Sold by
Burns Elizabeth P
Bought by
Bingaman William I and Bingaman Laura
Seller's Agent
Heather Reagor
Real Broker, LLC
Buyer's Agent
Michelle Orr
United Real Estate-Queen City
List Price
$350,000
Sold Price
$335,100
Premium/Discount to List
-$14,900
-4.26%
Current Estimated Value
$698,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$363,691
Avg. Annual Appreciation
11.40%
Original Mortgage
$346,158
Outstanding Balance
$301,910
Interest Rate
3.5%
Mortgage Type
VA
Estimated Equity
$353,380
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bingaman William I $335,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bingaman William I $346,158
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2019 10/28/19 Sold $335,100 -4.3% $97 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $350,000 -- $101 / 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 $3,116 $615,600 $0 $0
2024 $2,505 $371,900 $89,900 $282,000
2023 $2,436 $371,900 $89,900 $282,000
2022 $2,436 $371,900 $89,900 $282,000
2021 $2,433 $371,900 $89,900 $282,000
2020 $2,452 $301,680 $79,480 $222,200
2019 $2,315 $301,680 $79,480 $222,200
2018 $2,315 $301,680 $79,480 $222,200
2017 $2,466 $301,700 $79,500 $222,200
2016 $2,423 $301,680 $79,480 $222,200
2015 $2,453 $301,680 $79,480 $222,200
2014 $1,974 $280,310 $81,970 $198,340
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3537065

Canopy MLS (Canopy Realtor® Association)

APN: 02-230-059