$1,550,000
SOLD MAY 29, 2025

3308 Forest Lawn Dr Matthews, NC 28104

12 Acres
$127,362 Price per Acre
530,125 Sq Ft Lot

Recently Sold

$692 Per Sq Ft

35% Below List Price

199 Days on Market

About This Lot

As of May 2025

Introducing a remarkable opportunity to acquire 12+ acres of pristine residential land, nestled in a tranquil and sought-after location. This expansive parcel of land offers an ideal canvas for your dream home or a potential development project. Situated in a serene and picturesque setting, this property combines the allure of rural living with convenient access to urban amenities. Spanning 12+ acres this generous piece of land provides ample space for various possibilities. The exact boundaries are meticulously demarcated, ensuring clarity and ease of planning. Lot can be purchased as a 6 acre lot - MLS # 4049591

Last Agent to Sell the Property

Erin Maldonado

NorthGroup Real Estate LLC Brokerage Email: erin@eliteestatepro.com License #290809 Listed on: 07/14/2023

NorthGroup Real Estate LLC

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,465

Lot Details

  • Possible uses of the property include Residential
  • Property is zoned AM7

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 06-063-001

Property Details

Property Type

Land

Est. Annual Taxes

$6,465

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: No
  • Restrictions: Other - See Remarks
  • Geocode Confidence: High
  • Attribution Contact: erin@eliteestatepro.com
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Residential

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Septic Needed
  • Water Source: Well Needed

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 12.17
  • Lot Size Units: Acres
  • Parcel Number: 06-063-001
  • Zoning: AM7
  • Zoning Specification: AM7

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2023
Closed on
May 29, 2025
Sold by
Warmath Richard and Warmath Sarah
Bought by
Weddington Grove Llc
Seller's Agent
Erin Maldonado
NorthGroup Real Estate LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$2,400,000
Sold Price
$1,550,000
Premium/Discount to List
-$850,000
-35.42%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-75.56%
Original Mortgage
$1,608,000
Outstanding Balance
$1,606,637
Interest Rate
6.83%
Mortgage Type
Construction
Estimated Equity
-$260,313

Purchase Details

Closed on
Jan 26, 2024
Sold by
Warmath Richard and Warmath Sarah
Bought by
B And T Land Llc

Purchase Details

Listed on
Apr 2, 2021
Closed on
Nov 1, 2021
Sold by
Timmons Richard Karl and Timmons Margie G
Bought by
Warmath Richard and Warmath Sarah
Seller's Agent
Erin Maldonado
NorthGroup Real Estate LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,521,250
Sold Price
$1,321,250
Premium/Discount to List
-$200,000
-13.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.51%
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 Type Sale Price Title Company
Quit Claim Deed -- Morehead Title
Warranty Deed $1,550,000 None Listed On Document
Contract Of Sale -- None Listed On Document
Warranty Deed $1,321,250 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,608,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 For Sale $2,197,540 +41.8% $460 / Sq Ft
05/29/2025 05/29/25 Sold $1,550,000 -35.4% $692 / Sq Ft
07/14/2023 07/14/23 For Sale $2,400,000 +81.6% $1,071 / Sq Ft
11/02/2021 11/02/21 Sold $1,321,250 -13.1% $590 / Sq Ft
10/02/2021 10/02/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $1,521,250 -- $679 / 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 $6,465 $990,300 $979,600 $10,700
2023 $6,269 $990,300 $979,600 $10,700
2022 $7,814 $1,228,600 $979,600 $249,000
2021 $7,814 $1,228,600 $979,600 $249,000
2020 $3,529 $482,760 $340,660 $142,100
2019 $3,780 $482,760 $340,660 $142,100
2018 $3,529 $482,760 $340,660 $142,100
2017 $3,771 $482,800 $340,700 $142,100
2016 $3,701 $482,760 $340,660 $142,100
2015 $3,749 $482,760 $340,660 $142,100
2014 $6,266 $912,090 $889,120 $22,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4049025

Canopy MLS (Canopy Realtor® Association)

APN: 06-063-001