NOT LISTED FOR SALE

4505 Forest Cove Rd Belmont, NC 28012

Estimated Value: $897,000 - $1,029,000

3 Beds
2.5 Baths
2,762 Sq Ft
$352/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $562,000 $203 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $5,597/month

72 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Wood Flooring
  • Cramerton Middle School Rated A-
  • Traditional Architecture
  • Wet Bar

About This Home

As of September 2018

Your private haven on Lake Wylie! 3-bedroom WATERFRONT with big lake views, beautifully landscaped with lots natural areas for privacy. Designed to enjoy the outdoors with spacious main level deck, covered porch, 2 lakeside decks with seating area. Dock & boat lift on a protected short cove opening to the South Fork channel, a terrific area for boating and water sports. Formal dining with hardwood floors, kitchen with breakfast nook and lake views. Formal living room perfect for large office. Cozy great room with stone fireplace, wet bar, built-ins, and plenty of storage. Lovely main level master suite with access to outdoor living area. Lower level secondary bedrooms with deck access, nice storage area, and lake views. Tons of recent improvements including new roof, freshly painted interior and exterior, new carpet, and new light fixtures just to name a few. You’ll love beautiful Belmont, with a small town feel, but oh-so convenient to uptown Charlotte and the airport.

Last Agent to Sell the Property

Drew Choate

Keller Williams Connected License #169894 Listed on: 05/14/2018

Keller Williams Connected

Last Buyer's Agent

Cindy &Tony Altieri

RE/MAX Executive License #1427

RE/MAX Executive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 0.94

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2

Home Design

  • Traditional Architecture

Interior Spaces

  • Open Floorplan
  • Wet Bar
  • Wood Burning Fireplace

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Additional Features

  • Waterfront
  • Well

Community Details

  • Forest Cove HOA

Listing and Financial Details

  • Assessor Parcel Number 193566

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.93823
  • Ratio Close Price By Original Li: 0.89920
  • Ratio Current Price By Acre: 597872.34
  • Ratio Current Price By Sq Ft: 203.48
  • Year Built: 1985
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Dishwasher, Electric Range, Microwave, Electric Oven
  • Fireplace Description: Great Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Built-Ins, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Sq Ft Basement: 705
  • Main Level Sq Ft: 2057
  • Total Sq Ft: 2762

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Central Air, Electric Hot Air
  • Sewer: City Sewer
  • Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Association Fee: 300.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Forest Cove HOA
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: New Hope
  • Middle School: Cramerton
  • High School: South Point (NC)

Lot Info

  • Lot Features: Waterfront, Water view, Lake
  • Lot Size Area: 0.940
  • Parcel Number: 193566
  • Zoning Specification: R1

Tax Info

  • Tax Value: 431384.00
  • Tax Location: Belmont

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2018
Closed on
Sep 21, 2018
Sold by
Reliable Investments Lllp
Bought by
Schaffer Jessica and Dopson John Dopson
Seller's Agent
Drew Choate
Keller Williams Connected
Buyer's Agent
Cindy &Tony Altieri
RE/MAX Executive
List Price
$625,000
Sold Price
$562,000
Premium/Discount to List
-$63,000
-10.08%
Current Estimated Value
$971,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,091
Avg. Annual Appreciation
8.07%
Original Mortgage
$449,600
Outstanding Balance
$391,270
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$579,821

Purchase Details

Closed on
Jul 11, 2016
Sold by
Mckenney Ann B
Bought by
Reliable Investment Lllp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.64%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 16, 1994
Bought by
Mckenney Ann B
Source: Public Records

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
Schaffer Jessica $562,000 None Available
Reliable Investment Lllp $531,500 None Available
Mckenney Ann B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaffer Jessica $449,600
Previous Owner Reliable Investment Lllp $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Sold $562,000 -6.2% $203 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
06/06/2018 06/06/18 Price Changed $599,000 -4.2% $217 / Sq Ft
05/14/2018 05/14/18 For Sale $625,000 -- $226 / 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 $4,834 $677,040 $218,020 $459,020
2024 $4,834 $677,040 $218,020 $459,020
2023 $4,705 $677,040 $218,020 $459,020
2022 $3,919 $426,020 $123,880 $302,140
2021 $3,749 $426,020 $123,880 $302,140
2019 $3,732 $426,020 $123,880 $302,140
2018 $3,926 $431,384 $133,785 $297,599
2017 $3,926 $431,384 $133,785 $297,599
2016 $3,969 $431,384 $0 $0
2014 $4,647 $497,554 $248,500 $249,054
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3390338

Canopy MLS (Canopy Realtor® Association)

APN: 193566