NOT LISTED FOR SALE

3386 Merchant Ln Davidson, NC 28036

Estimated Value: $475,000 - $584,000

5 Beds
3.5 Baths
3,020 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $296,000 $98 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,200/month

6 Days on Market

Highlights

  • Clubhouse
  • Transitional Architecture
  • Tennis Courts
  • W.R. Odell Elementary School Rated A-
  • Community Pool
  • Fireplace

About This Home

As of June 2020

Wow! You will love this amazing home in a great neighborhood in West Concord. This home has so much to offer: Rocking chair front porch, 4 living areas on the main level including a stunning two story greatroom with fireplace, open to a huge kitchen with so much cabinetry plus a pantry and eating area ready for a large table and tons of counter space. Home office, dining room and beautiful sunroom add to the spacious downstairs as well as the master suite on the main level. The master suite has a charming trey ceiling, large closet, and master bath with garden tub and dual sinks. The upstairs has an additional 4 bedrooms or three bedrooms plus a bonus room with double closets. The waterfall in the back is amazing and the pond is full of koi fish who would love to stay with the new owner! Nice garage with tons of storage and workbench. Amazing amenities including pool, soccer field, basketball court, playground and much more! Seller will contribute $5,000 to a flooring allowance!

Last Agent to Sell the Property

Heather Littrell

EXP Realty LLC License #229124 Listed on: 05/08/2020

EXP Realty LLC

Last Buyer's Agent

Erica Helms

Premier South License #101993

Premier South

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 70x125
  • Irrigation

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Pull Down Stairs to Attic

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Garden Bath

Utilities

  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 4672-57-2147-0000

Community Details

Overview

  • Paragon Four Mgt Association, Phone Number (704) 402-5632

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0

HOA Fees

$65 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Transitional
  • Ratio Close Price By List Price: 0.98700
  • Ratio Close Price By Original Li: 0.98700
  • Ratio Current Price By Acre: 1480000.00
  • Ratio Current Price By Sq Ft: 98.01
  • Year Built: 2005
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 1191
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Equipment: Dishwasher, Disposal, Electric Oven, Electric Range, Ice Maker Connection
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • H O A Management Phone: 704-402-5632
  • Interior Amenities: Attic Stairs Pulldown, Garden Tub
  • Laundry Location: Main
  • Room Count: 2
  • Main Level Sq Ft: 1829
  • Total Sq Ft: 3020
  • Sq Ft Unheated Main: 275
  • Sq Ft Unheated Total: 275

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Gas Water Heater
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Community Features: Club House, Outdoor Pool, Playground, Recreation Area, Tennis Court(s), Walking Trails
  • Association Fee: 195.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Paragon Four Mgt
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 70x125
  • Parcel Number: 4672-57-2147-0000
  • Zoning Specification: RM-1

Tax Info

  • Tax Value: 225370.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2020
Closed on
Jun 12, 2020
Sold by
Draper Darlene M and Draper James A
Bought by
Campion Derrick Thomas and Reynolds Dawn D
Seller's Agent
Heather Littrell
EXP Realty LLC
Buyer's Agent
Erica Helms
Premier South
List Price
$299,900
Sold Price
$296,000
Premium/Discount to List
-$3,900
-1.3%
Current Estimated Value
$518,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,223
Avg. Annual Appreciation
10.50%
Original Mortgage
$287,120
Outstanding Balance
$252,249
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$265,974

Purchase Details

Closed on
Mar 31, 2006
Sold by
Dr Horton Inc
Bought by
Draper James A and Draper Darlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,168
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
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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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
Campion Derrick Thomas $296,000 None Available
Draper James A $223,000 Morehead Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campion Derrick Thomas $287,120
Previous Owner Draper James A $178,168
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2020 06/12/20 Sold $296,000 -1.3% $98 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
05/08/2020 05/08/20 For Sale $299,900 -- $99 / 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 $5,332 $469,550 $95,000 $374,550
2024 $5,332 $469,550 $95,000 $374,550
2023 $3,914 $285,720 $50,000 $235,720
2022 $3,894 $284,200 $50,000 $234,200
2021 $3,894 $284,200 $50,000 $234,200
2020 $3,810 $278,100 $50,000 $228,100
2019 $3,088 $225,370 $37,000 $188,370
2018 $3,042 $225,370 $37,000 $188,370
2017 $2,997 $225,370 $37,000 $188,370
2016 $2,997 $207,430 $26,000 $181,430
2015 $2,614 $207,430 $26,000 $181,430
2014 $2,614 $207,430 $26,000 $181,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3619057

Canopy MLS (Canopy Realtor® Association)

APN: 4672-57-2147-0000