$1,225,000
SOLD SEP 16, 2025

5016 Groves Edge Ln Waxhaw, NC 28173

5 Beds
5.5 Baths
3,948 Sq Ft
0.72 Acres

Recently Sold

$310 Per Sq Ft

4% Below List Price

0 Day on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Clubhouse
  • Marvin Elementary School Rated A
  • Open Floorplan
  • Pond

About This Home

As of September 2025

Resort home w/ amazing backyard amenities including a heated salt water pool with grotto, waterfall, slide and covered cabana w/ swim up bar + additional covered porch! Backyard can be enjoyed year round thanks to the built in heaters at both the covered porch & cabana area. Cabana also features a full outdoor kitchen including 2 fridges, Lynx BBQ w/ sear station, sink, TV & sound system w/ built in speakers. The floor plan features a guest suite with full bath on the main, private study with french doors + beautiful 2 story Great Room. Upstairs includes a primary suite w/ 4 walk in closets, 3 additional secondary rooms + 2 full baths. The 3rd floor features an additional full bath plus a spacious bonus room. Other great features of this home include an expansive paver circular driveway, custom iron double doors, smart controlled outdoor lighting, smart irrigation w/ well, Control 4 smart home, tankless hot water heater (2019), newer Trane HVAC system (2018 & 2019), roof (2015).

Last Agent to Sell the Property

Gina Lorenzo

COMPASS Brokerage Email: Gina.lorenzo@compass.com License #247975 Listed on: 09/05/2025

COMPASS

Last Buyer's Agent

Chirag Santwani

Ram Realty LLC License #350453

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • Back Yard Fenced
  • Property is zoned AP2

HOA Fees

  • $165 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Circular Driveway

Home Design

  • Transitional Architecture
  • Stucco

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Crawl Space
  • Walk-In Attic
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Pond
  • Covered Patio or Porch
  • Terrace
  • Outdoor Gas Grill

Schools

  • Marvin Elementary School
  • Marvin Ridge Middle School
  • Marvin Ridge High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 06-222-357

Community Details

Overview

  • Cusick Community Association, Phone Number (704) 251-2433
  • Marvin Creek Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

HOA Fees

$165 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2006
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Three
  • Ratio CurrentPrice/TotalPropertyHLA: 310.28
  • Geocode Confidence: High
  • Attribution Contact: Gina.lorenzo@compass.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk In, Built-in Features, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1668
  • Third Level Sq Ft: 625
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1655
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 3948
  • Basement YN: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Gas Log, Great Room
  • Living Area: 3948
  • Bedroom Main: 1
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Gas Grill
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard
  • Pool Features: In Ground
  • Construction Type: Hard Stucco
  • Patio And Porch Features: Covered, Patio, Terrace

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Circular Driveway

Utilities

  • Heating: Central
  • Sewer: County Sewer
  • Laundry Features: Laundry Room, Main Level, Sink
  • Cooling: Central Air
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Outdoor Pool, Playground, Pond, Recreation Area, Sidewalks, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 165
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Cusick Community
  • Phone: 704-251-2433

Association/Amenities

  • Association Annual Expense: 1980.00

Schools

  • Middle Or Junior School: Marvin Ridge
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 06-222-357
  • Zoning: AP2
  • Development Status: Completed
  • Additional Parcels: No
  • Zoning Specification: AP2

MLS Schools

  • Elementary School: Marvin
  • High School: Marvin Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2025
Closed on
Sep 4, 2025
Sold by
Shogan Daniel M
Bought by
Shahjee Ashish and Ujjwala Lakhalgaonkar
Seller's Agent
Gina Lorenzo
COMPASS
Buyer's Agent
Chirag Santwani
Ram Realty LLC
List Price
$1,275,000
Sold Price
$1,225,000
Premium/Discount to List
-$50,000
-3.92%
Views
8
Current Estimated Value
$1,230,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,519
Avg. Annual Appreciation
1.19%
Original Mortgage
$980,000
Outstanding Balance
$980,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$250,519

Purchase Details

Closed on
Dec 7, 2022
Sold by
Shogan Sharyn L and Shogan Daniel M
Bought by
Shogan Daniel M and Shogan Sharyn L

Purchase Details

Closed on
Sep 25, 2006
Sold by
Nc Country Club Estates Lp
Bought by
Shogan Daniel M and Shogan Sharyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.52%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $1,225,000 None Listed On Document
Warranty Deed $1,225,000 None Listed On Document
Special Warranty Deed -- --
Special Warranty Deed -- None Listed On Document
Special Warranty Deed $603,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $980,000 New Conventional
Closed $980,000 New Conventional
Previous Owner $380,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2025 09/16/25 Sold $1,225,000 -3.9% $310 / Sq Ft
09/05/2025 09/05/25 Pending -- -- --
09/05/2025 09/05/25 For Sale $1,275,000 -- $323 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $5,963 $1,096,800 $0 $0
2024 $4,891 $655,700 $145,200 $510,500
2023 $4,745 $655,700 $145,200 $510,500
2022 $4,739 $655,700 $145,200 $510,500
2021 $4,547 $655,700 $145,200 $510,500
2020 $4,706 $576,500 $105,000 $471,500
2019 $4,706 $576,500 $105,000 $471,500
2018 $4,418 $576,500 $105,000 $471,500
2017 $4,960 $576,500 $105,000 $471,500
2016 $4,876 $576,500 $105,000 $471,500
2015 $4,639 $576,500 $105,000 $471,500
2014 $3,488 $507,750 $100,000 $407,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4286496

Canopy MLS (Canopy Realtor® Association)

APN: 06-222-357