NOT LISTED FOR SALE

5028 Townsend Rd Unit 26/Phase 1 Lancaster, SC 29720

Estimated Value: $1,095,740 - $1,210,000

1.01 Acres
$1,133,104 Price per Acre
43,996 Sq Ft Lot

Last Sold October 22, 2021

Last sale price $95,000

Est. 1,105% increase in value since last sale

Current estimated payment $7,073/month

29 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • Gated Community
  • Wooded Lot
  • Tennis Courts

About This Lot

As of October 2021

Come home to life as it was meant to be. Located just outside of Charlotte, Riverchase Estates is the perfect home for those who love to be in nature, surrounded by trees, and part of an active lifestyle community. Within the 2,000-acre planned community, residents can enjoy over 500 acres of woods, trails, and parks that border the shores of the Catawba River. The development also boasts a resort-style pool, tennis and pickleball courts, a well-outfitted fitness center, conference room, a playground, and a beautiful amphitheater created to capture special moments surrounded by nature. This homesite features a level building envelope, is beautifully wooded with pines and hardwoods, and is located in the front portion of the community... the amenities are just a quick golf cart ride away!

Last Agent to Sell the Property

Sharon Ostler

Rinehart Realty Corporation License #272897 Listed on: 07/23/2021

Last Buyer's Agent

Lynn Wansley

EXP Realty LLC Ballantyne License #185811

EXP Realty LLC Ballantyne

Property Details

Property Type

  • Land

Year Built

  • 2022

Lot Details

  • Wooded Lot

HOA Fees

  • $108 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 0030L-0E-004.00

Community Details

Overview

  • Key Community Mgmt Association, Phone Number (704) 321-1556

Amenities

  • Picnic Area
  • Clubhouse

Recreation

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

Security

  • Gated Community

Property Details

Property Type

Land

Year Built

2022

Lot Details

0

HOA Fees

$108 per month

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 0.91434
  • Ratio Close Price By Original Li: 0.91434
  • Ratio Current Price By Acre: 93688.36
  • Special Assessment Description: New Owner Cap Contrib $500
  • Special Assessment Yn: Yes
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None
  • Year Built (Public Record): 2022

Interior Features

  • H O A Management Phone: 704-321-1556

Utilities

  • Water: County Water

Condo/Co-op/Association

  • Community Features: Club House, Fitness Center, Gated Community, Outdoor Pool, Picnic Area, Playground, Street Lights, Tennis Court(s), Walking Trails
  • Association Fee: 1295.00
  • Association Fee Frequency: Annually
  • HOA Management Company: KEY Community Mgmt
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Erwin
  • Middle School: South Middle
  • High School: Lancaster

Lot Info

  • Lot Features: Wooded
  • Lot Size Area: 1.014
  • Parcel Number: 0030L-0E-004.00
  • Zoning Specification: LDR
  • Plat Reference Section Pages: 2008-809

Tax Info

  • Tax Value: 75000.00
  • Tax Location: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2023
Sold by
Classica Homes Llc
Bought by
Hughes Ellen and Hughes James
Total Days on Market
29
Current Estimated Value
$1,144,435

Purchase Details

Listed on
Jul 23, 2021
Closed on
Oct 21, 2021
Sold by
Tu Jennifer and Tu Michael
Bought by
Classica Homes Llc
Seller's Agent
Sharon Ostler
Rinehart Realty Corporation
Buyer's Agent
Lynn Wansley
EXP Realty LLC Ballantyne
List Price
$103,900
Sold Price
$95,000
Premium/Discount to List
-$8,900
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
98.20%
Original Mortgage
$10,000,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 2008
Sold by
Lgi Land Sc Llc
Bought by
Tu Michael and Tu Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,913
Interest Rate
5.89%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hughes Ellen $1,070,622 None Listed On Document
Classica Homes Llc $95,000 None Available
Tu Michael $77,902 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Classica Homes Llc $10,000,000
Previous Owner Tu Michael $69,913
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $95,000 -8.6% --
08/21/2021 08/21/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $103,900 -- --
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 $6,475 $41,612 $6,000 $35,612
2023 $3,966 $25,356 $6,000 $19,356
2022 $1,484 $4,500 $4,500 $0
2021 $387 $1,190 $1,190 $0
2020 $1,458 $4,500 $4,500 $0
2019 $352 $1,035 $1,035 $0
2018 $338 $1,035 $1,035 $0
2017 $318 $0 $0 $0
2016 $313 $0 $0 $0
2015 $244 $0 $0 $0
2014 $244 $0 $0 $0
2013 $244 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3765917

Canopy MLS (Canopy Realtor® Association)

APN: 0030L-0E-004.00