$845,000
SOLD JAN 31, 2025

501 Northwest Dr Davidson, NC 28036

3 Beds
2 Baths
1,924 Sq Ft
$795/mo HOA Fee

Recently Sold

$439 Per Sq Ft

6% Below List Price

65 Days on Market

Highlights

  • Water Views
  • Covered Dock
  • Pier or Dock
  • Davidson Elementary School Rated A-
  • Assigned Boat Slip
  • Access To Lake

About This Home

As of January 2025

Rare opportunity! 1 of only 5 of the FREE STANDING units in North Point, this ranch home boasts over 1900+ HLA & will be offering a DEEDED BOAT SLIP. North Point sits on a peninsula & features 7 acres of land w/huge lawn maintained by HOA. Experience your piece of paradise - days spent on the water & walk to North Harbor Club for drinks & dinner. Or, simply take in the serenity of the evenings on the expansive community dock w/upper platform or sandy beach for sunset viewings! This 3BD/2BA ranch lives large featuring vaulted Great Room & Dining with a wall of windows, bringing in tons of natural light! Updated kitchen featuring quartz counters & SS appliances. Engineered Hardwoods & Tile Flooring throughout. NEW ROOF, HVAC & WINDOWS! Large primary w/walk-in closet & ample-sized secondary bedrooms. Located off Exit 30, this location offers convenience to so much - quick commute to Charlotte, walkability into quaint downtown Davidson. Community Pool, Sports Courts & Walking Trails.

Last Agent to Sell the Property

Rebecca Boan

Allen Tate Mooresville/Lake Norman Brokerage Email: becky.boan@allentate.com License #210269 Listed on: 09/14/2024

Allen Tate Mooresville/Lake Norman

Last Buyer's Agent

Michelle Ivester-Rhyne

Premier Sotheby's International Realty License #274051

Premier Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

Lot Details

  • Cul-De-Sac
  • Lawn

HOA Fees

Parking

  • 2 Open Parking Spaces

Home Design

  • Transitional Architecture
  • Patio Home
  • Entry on the 1st floor
  • Slab Foundation

Interior Spaces

  • 1,924 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Wired For Data
  • Skylights
  • Wood Burning Fireplace
  • Propane Fireplace
  • Insulated Windows
  • Window Treatments
  • French Doors
  • Great Room with Fireplace
  • Water Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Self-Cleaning Convection Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Access To Lake
  • Assigned Boat Slip
  • Boat Slip
  • Covered Dock
  • Covered Patio or Porch

Schools

  • Davidson K-8 Elementary And Middle School
  • William Amos Hough High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-182-23

Community Details

Overview

  • Main Street Management Association, Phone Number (704) 255-1266
  • Main Street Management Boat Slip Association, Phone Number (704) 255-1266
  • North Point Condos
  • Davidson Landing Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Pier or Dock
  • Tennis Courts
  • Sport Court
  • Indoor Game Court
  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

0

HOA Fees

$795 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Transitional
  • Year Built: 1984
  • Restrictions: Architectural Review,Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 1
  • Proposed Special Assessment Desc: Siding Assessment to be paid in full by seller
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 439.19
  • Property Sub Type Additional: Patio Home
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: becky.boan@allentate.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Cable Prewire, Open Floorplan, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1924
  • 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: 0
  • Appliances: Convection Oven, Dishwasher, Disposal, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator with Ice Maker, Self Cleaning Oven, Washer/Dryer
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 1924
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors, Storm Door(s)
  • Fireplace Features: Great Room, Propane, Wood Burning
  • Living Area: 1924
  • Window Features: Insulated Window(s), Skylight(s), Window Treatments
  • Bedroom Main: 3
  • Room Count: 9
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Lawn Maintenance, Storage
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Public, Boat Slip – Community, Boat Slip (Deed), Boat Slip (Lease/License), Covered structure, Paddlesport Launch Site - Community, Pier - Community
  • Construction Type: Cedar Shake
  • Patio And Porch Features: Covered, Front Porch, Rear Porch, Side Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Closet, Main Level, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Heat Pump
  • Utilities: Cable Connected, Electricity Connected, Wired Internet Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Game Court, Outdoor Pool, Picnic Area, Sidewalks, Sport Court, Street Lights, Tennis Court(s), Walking Trails, Lake Access
  • Association Fee: 712.47
  • Association Fee Frequency: Monthly
  • Association #2 Fee: 82.5
  • Association #2 Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: North Point
  • Senior Community: No
  • Association: Main Street Management - Boat Slip
  • Association Name: Main Street Management
  • Association Phone #2: 704-255-1266
  • Phone: 704-255-1266
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 9539.64

Schools

  • Middle Or Junior School: Davidson K-8
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cul-De-Sac, Level, Views
  • Parcel Number: 001-182-23
  • Zoning: SU
  • Land Included Yn: 0
  • Development Status: Completed
  • Zoning Specification: SU

Rental Info

  • Pets Allowed: Yes, Conditional

MLS Schools

  • Elementary School: Davidson K-8
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Jan 31, 2025
Sold by
John Petravice Trust and Leadingham Nancy P
Bought by
Gold Tracey Lc and Gold Jeffrey S
Seller's Agent
Rebecca Boan
Allen Tate Mooresville/Lake Norman
Buyer's Agent
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
List Price
$895,000
Sold Price
$845,000
Premium/Discount to List
-$50,000
-5.59%
Views
59
Current Estimated Value
$860,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,175
Avg. Annual Appreciation
2.96%
Original Mortgage
$515,000
Outstanding Balance
$511,825
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$348,350

Purchase Details

Closed on
Oct 2, 2014
Sold by
Sutphin Joann E and Sutphin John B
Bought by
Leadingham Nancy P and John Petravice Trust B

Purchase Details

Closed on
Jun 1, 2000
Sold by
Echols Joann P and Elberson Robert E
Bought by
Echols Joann P

Purchase Details

Closed on
Mar 21, 2000
Sold by
Galax Investments Llc
Bought by
Echols Joann P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,250
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 1998
Sold by
Dee Mary P
Bought by
Galax Investments Llc
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 Type Sale Price Title Company
Warranty Deed $845,000 Sterling Title Company
Warranty Deed $326,000 None Available
Interfamily Deed Transfer -- --
Warranty Deed $235,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $515,000 New Conventional
Previous Owner $192,000 Unknown
Previous Owner $223,250 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $845,000 0.0% $439 / Sq Ft
10/17/2024 10/17/24 Price Changed $845,000 -5.6% $439 / Sq Ft
09/14/2024 09/14/24 For Sale $895,000 -- $465 / 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 -- $679,800 -- $679,800
2024 -- $679,800 -- $679,800
2023 $4,038 $959,014 $0 $959,014
2022 $4,038 $445,200 $0 $445,200
2021 $4,038 $445,200 $0 $445,200
2020 $4,038 $445,200 $0 $445,200
2019 $4,222 $663,000 $0 $663,000
2018 $4,259 $355,600 $70,000 $285,600
2017 $4,229 $355,600 $70,000 $285,600
2016 -- $355,600 $70,000 $285,600
2015 $4,222 $355,600 $70,000 $285,600
2014 $4,220 $455,600 $170,000 $285,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4181172

Canopy MLS (Canopy Realtor® Association)

APN: 001-182-23