NOT LISTED FOR SALE

416 Chestnut Ln Matthews, NC 28104

Estimated Value: $550,000 - $610,794

3 Beds
2.5 Baths
2,081 Sq Ft
$285/Sq Ft Est. Value

Last Sold November 08, 2019

Last sale price $365,000 $175 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,461/month

1 Day on Market

Highlights

  • 1-Story Property
  • Indian Trail Elementary School Rated A
  • Level Lot

About This Home

As of November 2019

Approximately 5.6 Acres in much sought after Matthews area that could be a prime location for future development. Home on property sold as-is. Land is currently zoned residential and per Union County, the future land use map for the area shows this parcel to be medium density residential. The county has a current request for townhomes adjacent to this parcel.

Last Agent to Sell the Property

Johana Troutman

Mackey Realty LLC License #287375 Listed on: 10/03/2019

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 5.6

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Crawl Space

Additional Features

  • Level Lot
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 07132039

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.97333
  • Ratio Close Price By Original Li: 0.78495
  • Ratio Current Price By Acre: 65178.57
  • Ratio Current Price By Sq Ft: 175.40
  • Year Built: 1972
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cable Prewire, Cooktop Electric
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 2081
  • Total Sq Ft: 2081
  • Sq Ft Unheated Main: 485
  • Sq Ft Unheated Total: 485

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Carport - 2 Car

Utilities

  • Heating: Central Air
  • Sewer: Septic Installed
  • Water: County Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 5.6 AC
  • Lot Features: Level
  • Parcel Number: 07132039
  • Zoning Specification: SFR

Tax Info

  • Tax Value: 182900.00
  • Tax Location: Union

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2019
Closed on
Nov 7, 2019
Sold by
Troutman W B W and Troutman William B
Bought by
Lee Chun Woo and Kim Sinae
Seller's Agent
Johana Troutman
Mackey Realty LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$465,000
Sold Price
$365,000
Premium/Discount to List
-$100,000
-21.51%
Current Estimated Value
$600,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$235,937
Avg. Annual Appreciation
8.15%
Original Mortgage
$273,750
Outstanding Balance
$181,544
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$411,155

Purchase Details

Closed on
Oct 23, 2018
Sold by
Todd David A and Gray Todd Bridget
Bought by
Troutman W B

Purchase Details

Closed on
Aug 3, 2015
Sold by
Todd Helen Massey
Bought by
Todd David A

Purchase Details

Closed on
May 10, 1999
Sold by
Todd George Allan
Bought by
Todd Helen Massey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lee Chun Woo -- None Available
Lee Chun Woo $365,000 None Available
Troutman W B $345,000 None Available
Todd David A -- Attorney
Todd Helen Massey -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Chun Woo $273,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2019 11/08/19 Sold $365,000 -21.5% $175 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $465,000 -- $223 / 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 $4,198 $635,800 $0 $0
2024 $3,230 $383,000 $155,600 $227,400
2023 $3,207 $383,000 $155,600 $227,400
2022 $3,207 $383,000 $155,600 $227,400
2021 $3,205 $383,000 $155,600 $227,400
2020 $1,447 $182,870 $61,570 $121,300
2019 $1,831 $182,870 $61,570 $121,300
2018 $1,429 $182,870 $61,570 $121,300
2017 $1,922 $182,900 $61,600 $121,300
2016 $1,494 $182,870 $61,570 $121,300
2015 $1,513 $182,870 $61,570 $121,300
2014 $2,408 $340,140 $201,400 $138,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3556619

Canopy MLS (Canopy Realtor® Association)

APN: 07-132-039