NOT LISTED FOR SALE

2938 Patten Hill Dr Unit 7 Matthews, NC 28105

Estimated Value: $674,000 - $700,890

0.53 Acre
$1,308,044 Price per Acre
22,869 Sq Ft Lot

Last Sold February 28, 2022

Last sale price $110,000

Est. 524% increase in value since last sale

Current estimated payment $4,029/month

74 Days on Market

About This Lot

As of February 2022

Back on the market - buyers' financing fell through. Great lot in popular community so close to downtown Matthews, Food Truck Fridays, Stumptown Park. Across the street from Squirrel Lake Park and the Four Mile Creek Greenway! One of the bigger lots in the neighborhood. Come build your dream home! Builder and Architectural approval required; see attached CCRs for more information, including minimum square footages for one and two story houses. Tap fee has been paid; capacity fee is $4391. Survey with max pad is in attachments.

Last Agent to Sell the Property

Susie Verrill

NextHome Paramount License #183294 Listed on: 11/03/2021

NextHome Paramount

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,552

Lot Details

  • Lot Dimensions are 14x21x55x173x97x20x174x127
  • Cul-De-Sac
  • Possible uses of the property include Residential
  • Property is zoned R-15, R15

HOA Fees

  • $9 Monthly HOA Fees

Home Design

  • Slab Foundation

Schools

  • Matthews Elementary School
  • Crestdale Middle School
  • Butler High School

Additional Features

  • Crawl Space
  • Water Tap or Transfer Fee

Community Details

  • Braesael Management Association, Phone Number (704) 845-0789
  • Thornblade Hills Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 227-611-57

Property Details

Property Type

Land

Est. Annual Taxes

$4,552

Lot Details

0

HOA Fees

$9 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 209523.81
  • Restrictions: Architectural Review,Livestock Restriction,Manufactured Home Not Allowed
  • Road Frontage Type: Paved Road
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space, Slab
  • Fixture Exception Yn: 0
  • Possible Use: Residential

Exterior Features

  • Tax Location: Matthews
  • Construction Type: Site Built

Utilities

  • Sewer: Public Sewer, Public Sewer, Tap Fee Required
  • Water Source: Public, Public, Tap Fee Required

Condo/Co-op/Association

  • Association Fee: 105
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Braesael Management
  • Phone: 704-845-0789
  • ResoAssociationFeeFrequency: Annually

Schools

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

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Area: 0.525
  • Lot Size Units: Acres
  • Parcel Number: 227-611-57
  • Out Buildings Yn: 0
  • Can Be Subdivided: 0
  • Lot Size: 14x21x55x173x97x20x174x127
  • Zoning Description: R15

Tax Info

  • RATIO List Price By Tax Amount: 1.56863

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Matthews
  • High School: Butler

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2023
Sold by
True Homes Llc
Bought by
Collins Sean and Foster Anna-Marie
Current Estimated Value
$686,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,920
Outstanding Balance
$461,534
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$225,189

Purchase Details

Listed on
Nov 3, 2021
Closed on
Feb 28, 2022
Sold by
Williams Gregory M and Williams Deborah J
Bought by
True Homes Llc
Seller's Agent
Susie Verrill
NextHome Paramount
Buyer's Agent
Non Member
Canopy Administration
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.62%

Purchase Details

Closed on
Nov 1, 2021
Sold by
T R Williams Builders Inc
Bought by
Williams Gregory M and Williams Deborah J

Purchase Details

Closed on
May 25, 2000
Sold by
Pearson Mcalpine Land Corp and Hayden V
Bought by
T R Williams Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,000
Interest Rate
8.14%
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
Collins Sean $600,000 --
True Homes Llc $220 Chicago Title
Williams Gregory M -- None Available
T R Williams Builders Inc $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Sean $479,920
Previous Owner T R Williams Builders Inc $24,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2022 02/28/22 Sold $110,000 -8.3% --
01/16/2022 01/16/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $120,000 0.0% --
11/19/2021 11/19/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $120,000 -- --
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 $4,552 $600,600 $108,000 $492,600
2024 $4,552 $600,600 $108,000 $492,600
2023 $3,375 $456,300 $108,000 $348,300
2022 $698 $76,500 $76,500 $0
2021 $698 $76,500 $76,500 $0
2020 $686 $76,500 $76,500 $0
2019 $686 $76,500 $76,500 $0
2018 $648 $55,000 $55,000 $0
2017 $636 $55,000 $55,000 $0
2016 $636 $55,000 $55,000 $0
2015 $636 $55,000 $55,000 $0
2014 $623 $55,000 $55,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3802032

Canopy MLS (Canopy Realtor® Association)

APN: 227-611-57