NOT LISTED FOR SALE

423 Saddlebred Ln Locust, NC 28097

Estimated Value: $408,000 - $553,000

4 Beds
2.5 Baths
2,175 Sq Ft
$216/Sq Ft Est. Value

Last Sold January 31, 2024

Last sale price $439,000 $202 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,929/month

4 Days on Market

Highlights

  • Community Cabanas
  • Under Construction
  • Traditional Architecture
  • Locust Elementary School Rated A-
  • Open Floorplan
  • Engineered Wood Flooring

About This Home

As of January 2024

Brand new community in the beautiful town of Locust. The Penwell is a gorgeous, two-story home that boasts an impressive level of comfort, luxury, and style. The home offers three bedrooms, two & a half bathrooms & two-car garage, making it the perfect home for you. Upon entering the home, you’ll be greeted by a foyer which invites that leads directly into the center of the home. At the heart of the home is a spacious great room that blends with kitchen, creating an expansive & airy feel. The kitchen is well equipped with a walk-in closet, stainless steel appliances, & breakfast bar, perfect for cooking and casual dining. The primary suite features a walk-in closet & en-suite bathroom with dual vanities. The additional two bedrooms provide comfort & privacy & have access to a secondary bathroom. The loft offers a flexible space. The laundry room completes the second floor. With its thoughtful design, spacious layout, & modern conveniences, the Penwell is the perfect place for you.

Last Listed By

Deanna Amin

DR Horton Inc Brokerage Email: dmamin@drhorton.com License #311883 Listed on: 12/12/2023

DR Horton Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,182

Year Built

  • Built in 2024 | Under Construction

Lot Details

  • Lot Dimensions are 70x139
  • Property is zoned OPS

HOA Fees

  • $61 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Insulated Windows
  • Family Room with Fireplace
  • Pull Down Stairs to Attic
  • Unfinished Basement

Kitchen

  • Self-Cleaning Oven
  • Electric Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Engineered Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Schools

  • Stanfield Elementary School
  • West Stanly Middle School
  • West Stanly High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • No or Low VOC Paint or Finish
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 557402785953

Community Details

Overview

  • Cusick Association
  • Built by DR Horton
  • Crossroads Subdivision, Penwell K Floorplan
  • Mandatory home owners association

Recreation

  • Community Playground
  • Community Cabanas
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,182

Year Built

Built in 2024 | Under Construction

Lot Details

0

HOA Fees

$61 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2024
  • Proposed Completion Date: 2024-01-31
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 201.84
  • Geocode Confidence: High
  • Attribution Contact: dmamin@drhorton.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 865
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 812
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 410
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1222
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1310
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 2175
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2175
  • Window Features: Insulated Window(s)
  • Bedroom Main: 0
  • Room Count: 9
  • Sq Ft Other: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Stone Veneer, Vinyl
  • Patio And Porch Features: Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 410
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Electric, Forced Air, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Upper Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Central Air
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Cabana, Outdoor Pool, Playground, Sidewalks
  • Association Fee: 726
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Cusick
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 726.00

Schools

  • Middle Or Junior School: West Stanly
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 557402785953
  • Zoning: OPS
  • Development Status: Under Construction
  • Lot Size: 70x139
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OPS

Green Features

  • Green Sustainability: Engineered Wood Products, Low VOC Coatings
  • Green Verification Count: 0

Building Info

  • Builder Name: DR Horton

MLS Schools

  • Elementary School: Stanfield
  • High School: West Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Jan 31, 2024
Sold by
D R Horton Inc
Bought by
Watson Dale and Watson Chanelle
Seller's Agent
Deanna Amin
DR Horton Inc
Buyer's Agent
Tricia Walker
Keller Williams Ballantyne Area
List Price
$439,000
Sold Price
$439,000
Total Days on Market
4
Views
5
Current Estimated Value
$469,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,519
Avg. Annual Appreciation
1.81%
Original Mortgage
$351,200
Outstanding Balance
$346,690
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$102,608

Range of Values:

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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
Watson Dale $439,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Dale $351,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2024 01/31/24 Sold $439,000 0.0% $202 / Sq Ft
12/16/2023 12/16/23 Pending -- -- --
12/12/2023 12/12/23 For Sale $439,000 -- $202 / 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 $3,182 $291,882 $55,000 $236,882
2023 $600 $55,000 $55,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4093837

Canopy MLS (Canopy Realtor® Association)

APN: 5574-02-78-5953