NOT LISTED FOR SALE

438 Watson St Unit 438 Davidson, NC 28036

Estimated Value: $335,000 - $402,000

3 Beds
2 Baths
1,177 Sq Ft
$120/mo HOA Fee

Last Sold March 05, 2018

Last sale price $180,000 $153 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $2,400/month

2 Days on Market

Highlights

  • Transitional Architecture
  • Fireplace
  • Vinyl Flooring
  • Davidson Elementary School Rated A-

About This Home

As of March 2018

Steps away from Davidson College, Brick House Tavern, Downtown, Shops & Restaurants, You Wont Find A Better Location Than This! Building Is Equipped With An Elevator. This Unit Has Been A Rental Property To College Students. There Are A Mixture Of Students And Owner Occupants That Live In The Complex Now. These Condos Don't come on the market often! Spectacular INVESTMENT OPPORTUNITY! This Condo Stays Rented. People Literally Hunt The Rental Units In This Building! You'll Start Making Money Right After Closing! Property Is Currently Occupied By Tenants Who's Lease Ends In May.

Last Agent to Sell the Property

Chris Zoghby

Real Broker, LLC License #292858 Listed on: 02/18/2018

Real Broker, LLC

Last Buyer's Agent

Chris Zoghby

Real Broker, LLC License #292858 Listed on: 02/18/2018

Real Broker, LLC

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1998

Lot Details

  • 0.7

HOA Fees

  • $120 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace
  • Vinyl Flooring

Community Details

  • Mid-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number 003-261-22

Property Details

Home Type

Condominium

Year Built

Built in 1998

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: Mid-Rise
  • Architectural Style: Transitional
  • Ratio Close Price By List Price: 1.02857
  • Ratio Close Price By Original Li: 1.02857
  • Ratio Current Price By Sq Ft: 152.93
  • Unit Floor Level: 2
  • Year Built: 1998
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), CO Detector, Cable Prewire, Cooktop Electric, Disposal, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Elevator
  • Laundry Location: Closet
  • Room Count: 1
  • Main Level Sq Ft: 1177
  • Total Sq Ft: 1177

Exterior Features

  • Construction: Brick Partial, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt
  • Parking: Carport - 1 Car, On-Street Parking, Parking Space - 2

Utilities

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

Condo/Co-op/Association

  • Association Fee: 120.00
  • Association Fee Frequency: Monthly
  • Complex Name: Linden Court
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Davidson
  • Middle School: Bailey
  • High School: William Amos Hough

Lot Info

  • Parcel Number: 003-261-22
  • Zoning Specification: VCP

Tax Info

  • Tax Value: 165600.00
  • Tax Location: Davidson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2018
Closed on
Mar 5, 2018
Sold by
Pfeffer Mark Christopher and Pfeffer Julia Ann
Bought by
Evanston Properties Llc
Seller's Agent
Chris Zoghby
Real Broker, LLC
Buyer's Agent
Chris Zoghby
Real Broker, LLC
List Price
$175,000
Sold Price
$180,000
Premium/Discount to List
$5,000
2.86%
Current Estimated Value
$374,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,312
Avg. Annual Appreciation
10.32%

Purchase Details

Closed on
Jan 12, 2007
Sold by
Kurti Johanan and Kurti Esther
Bought by
Pfeffer Mark Christopher and Pfeffer Julia Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,800
Interest Rate
6.06%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Evanston Properties Llc $180,000 None Available
Pfeffer Mark Christopher $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pfeffer Mark Christopher $135,800
Previous Owner Kurti Esther $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2018 03/05/18 Sold $180,000 +2.9% $153 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
02/18/2018 02/18/18 For Sale $175,000 -- $149 / 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
2023 $2,338 $310,312 $0 $310,312
2022 $1,478 $163,000 $0 $163,000
2021 $1,578 $163,000 $0 $163,000
2020 $1,518 $163,000 $0 $163,000
2019 $2,011 $163,000 $0 $163,000
2018 $2,030 $165,600 $60,000 $105,600
2017 $2,014 $165,600 $60,000 $105,600
2016 $2,011 $165,600 $60,000 $105,600
2015 $2,007 $165,600 $60,000 $105,600
2014 $2,005 $165,600 $60,000 $105,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3358645

Canopy MLS (Canopy Realtor® Association)

APN: 003-261-22