NOT LISTED FOR SALE

3107 Drake Ln Monroe, NC 28110

Estimated Value: $495,000 - $521,000

3 Beds
2.5 Baths
1,844 Sq Ft
$278/Sq Ft Est. Value

Last Sold June 27, 2022

Last sale price $510,000 $277 Per Sq Ft

Current estimated payment $2,986/month

30 Days on Market

Highlights

  • In Ground Pool
  • Ranch Style House
  • Rear Porch
  • Open Floorplan
  • Wood Flooring
  • Laundry in Mud Room

About This Home

As of June 2022

**Multiple Offers** This full brick ranch home, sitting on over an acre with NO HOA, is the one you have been waiting for! Enjoy your upcoming summer days and evenings on the private patio overlooking your SALT WATER POOL! Inside the house, you will love the upgraded kitchen with granite countertops, tile backsplash, white cabinets and eat-in breakfast area. With an open concept design and split bedroom floor plan, it doesn't get much better than this! The spacious Primary Suite features a tray ceiling, garden tub, shower, double vanity and large walk-in closet. The two additional bedrooms are connected with a 'Jack and Jill' bathroom. This home has convenient access to the Monroe Bypass, making it a quick commute to Charlotte! Don't wait to make this one YOURS!

Last Agent to Sell the Property

Kim Gushee

Home Team Realty License #252111 Listed on: 05/27/2022

Last Buyer's Agent

Jennifer Masucci

Sun Valley Realty License #264971

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1997

Lot Details

  • 1.16

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 1,844 Sq Ft Home
  • Open Floorplan
  • Tray Ceiling
  • Ceiling Fan
  • Window Treatments
  • Living Room with Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic
  • Storm Doors

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Garden Bath

Laundry

  • Laundry in Mud Room
  • Laundry Room

Parking

  • Garage
  • Side Facing Garage
  • Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Shed
  • Rear Porch

Schools

  • Wingate Elementary School
  • East Union Middle School
  • Forest Hills High School

Utilities

  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Mallard Landing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 09-105-126

Home Details

Home Type

Single Family

Year Built

Built in 1997

Lot Details

1.16 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1997
  • Ratio Current Price By Acre: 439655.17
  • Doors and Windows: Storm Door(s)
  • Road Surface Type: Concrete
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Vinyl, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Garden Tub, Open Floorplan, Pantry, Split Bedroom, Tray Ceiling, Window Treatments
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1844
  • 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: 0
  • Porch: Back
  • Appliances: Cable Prewire, Ceiling Fan(s), Electric Cooktop, Dishwasher
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1844
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: In Ground Pool, Shed(s)
  • New Construction: No
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: Moore
  • Construction Type: Site Built
  • Construction Type: Brick

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Garage - 2 Car, Garage Door Opener, Side Load Garage

Utilities

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

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: East Union
  • HOA Subject To: None

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 09-105-126
  • Lot Size: 0
  • Zoning Description: R

Tax Info

  • RATIO List Price By Tax Amount: 1.51072

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Wingate
  • High School: Forest Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jun 23, 2022
Sold by
Arnhold and Renee
Bought by
Cousins Alastair Mark and Cousins Amy
Seller's Agent
Kim Gushee
Home Team Realty
Buyer's Agent
Jennifer Masucci
Sun Valley Realty
List Price
$465,000
Sold Price
$510,000
Premium/Discount to List
$45,000
9.68%
Current Estimated Value
$512,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,153
Avg. Annual Appreciation
0.11%

Purchase Details

Listed on
Jun 2, 2017
Closed on
Sep 13, 2017
Sold by
Williams Lawrence Ralph
Bought by
Arnhold David and Arnhold Renee
Seller's Agent
Carol Bradley
Bradley Real Estate and Development
Buyer's Agent
Josh Phelps
ERA Live Moore
List Price
$287,900
Sold Price
$270,000
Premium/Discount to List
-$17,900
-6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%
Original Mortgage
$100,000
Interest Rate
3.89%
Mortgage Type
VA

Purchase Details

Closed on
Apr 5, 2004
Sold by
Lanier Richard C and Lanier Karen C
Bought by
Williams Lawrence Ralph and Williams Louise Almira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,300
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 1997
Sold by
Underwood William L and Wife Faye
Bought by
Lanier Richard C and Wife Karen C

Purchase Details

Closed on
May 28, 1997
Sold by
Craft Builders Inc
Bought by
Underwood William L and Wife Faye
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cousins Alastair Mark $510,000 South City Title
Arnhold David $270,000 None Available
Williams Lawrence Ralph $172,000 --
Lanier Richard C $161,000 --
Underwood William L $19,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arnhold David $100,000
Previous Owner Williams Lawrence Ralph $123,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2022 06/27/22 Sold $510,000 +9.7% $277 / Sq Ft
05/27/2022 05/27/22 For Sale $465,000 +72.2% $252 / Sq Ft
09/28/2017 09/28/17 Sold $270,000 -6.2% $149 / Sq Ft View Prior Sale
08/20/2017 08/20/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $287,900 -- $159 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $3,846 $440,000 $0 $0
2024 $3,541 $324,700 $53,000 $271,700
2023 $3,412 $312,900 $53,000 $259,900
2022 $3,357 $307,800 $53,000 $254,800
2021 $3,357 $307,800 $53,000 $254,800
2020 $2,905 $215,570 $46,170 $169,400
2019 $2,905 $215,570 $46,170 $169,400
2018 $1,329 $215,570 $46,170 $169,400
2017 $2,948 $215,600 $46,200 $169,400
2016 $2,917 $215,570 $46,170 $169,400
2015 $1,674 $215,570 $46,170 $169,400
2014 $2,935 $240,550 $45,000 $195,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3863745

Canopy MLS (Canopy Realtor® Association)

APN: 09-105-126

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