NOT LISTED FOR SALE

3488 Delaware Dr Denver, NC 28037

Estimated Value: $536,131 - $571,000

4 Beds
3 Baths
2,445 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $500,000 $204 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,224/month

38 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Community Pool
  • Rock Springs Elementary School Rated A-
  • Traditional Architecture
  • Covered Patio or Porch

About This Home

As of August 2022

Lightly lived in Covington home w/ a large lot & 3 car garage! This stellar floor plan features a spacious family room w/ gas log Fireplace that opens to a breathtaking kitchen. Upgraded cream cabinets, gas stove, SS appliances & granite counter tops are highlights here. The formal dining room is perfectly positioned for formal or more personal entertaining. A BR w/ full bath is ideal for guests or as a private home office. Wood step treads lead the way to the upper level. The primary bedroom features a trey ceiling & adjoins a luxury bath w/ garden tub, double bowl vanity & separate shower. A large WIC is another feature here. Secondary BR's are spacious & the loft provides flex space to suit your preferences. Bath 3 also offers a double bowl vanity & tile flooring. Enjoy the view of the large back yard from your covered patio! Located a short walk or golf cart ride to the pool & playground, this is one of the most sought after communities in the area. Move in Ready, Immaculate!

Last Agent to Sell the Property

Michael Morgan

RE/MAX Executive License #219912 Listed on: 07/14/2022

RE/MAX Executive

Co-Listed By

Laura Cook

EXP Realty LLC Mooresville License #301039

Last Buyer's Agent

Michalle Parks

Carolina Living Associates LLC License #323067

Carolina Living Associates LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • Level Lot
  • Cleared Lot
  • Zoning described as PD-R

HOA Fees

  • $58 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Cedar

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Ceiling Fan
  • Family Room with Fireplace

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Rock Springs Elementary School
  • North Lincoln Middle School
  • North Lincoln High School

Utilities

  • Central Heating
  • Natural Gas Connected
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 92270

Community Details

Overview

  • Cedar Management Association
  • Covington At Lake Norman Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2016
  • Ratio Current Price By Acre: 1470588.24
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 204.50
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Laminate
  • Interior Amenities: Breakfast Bar, Cable Available, Garden Tub, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1112
  • 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: 1333
  • Porch: Back,Covered,Front,Patio
  • Appliances: Cable Prewire, Ceiling Fan(s), Gas Cooktop, Dishwasher, Disposal, Electric Dryer Hookup, Plumbed For Ice Maker, Microwave, Natural Gas
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2445
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • New Construction: No
  • Tax Location: Denver
  • Construction Type: Site Built
  • Construction Type: Cedar, Fiber Cement

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Garage - 3 Car

Utilities

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

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground
  • Association Fee: 175
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Association Name: Cedar Management
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Middle Or Junior School: North Lincoln
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 700.00

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Units: Acres
  • Parcel Number: 92270
  • Zoning Description: PD-R
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.56723

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Rock Springs
  • High School: North Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2022
Closed on
Aug 18, 2022
Sold by
Thomas Adams Shayne and Benfield Jenna
Bought by
Lee Jaerim
Seller's Agent
Michael Morgan
RE/MAX Executive
Buyer's Agent
Michalle Parks
Carolina Living Associates LLC
List Price
$499,900
Sold Price
$500,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$554,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,783
Avg. Annual Appreciation
3.15%
Original Mortgage
$400,000
Outstanding Balance
$381,773
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$173,010

Purchase Details

Closed on
Jun 23, 2016
Sold by
Eastwood Construction Llc
Bought by
Adams Shayne T and Adams Jenna B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,124
Interest Rate
3.57%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Lee Jaerim $500,000 Jonas Law Firm Pllc
Adams Shayne T $292,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Jaerim $400,000
Previous Owner Adams Shayne T $233,124
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2022 08/22/22 Sold $500,000 0.0% $204 / Sq Ft
07/14/2022 07/14/22 For Sale $499,900 -- $204 / 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 $3,102 $489,528 $82,000 $407,528
2024 $3,072 $489,528 $82,000 $407,528
2023 $3,067 $489,528 $82,000 $407,528
2022 $2,479 $318,971 $62,000 $256,971
2021 $2,456 $318,971 $62,000 $256,971
2020 $2,277 $318,971 $62,000 $256,971
2019 $2,277 $318,971 $62,000 $256,971
2018 $2,107 $276,279 $51,000 $225,279
2017 $2,006 $276,279 $51,000 $225,279
2016 $307 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3882180

Canopy MLS (Canopy Realtor® Association)

APN: 92270