NOT LISTED FOR SALE

503 Park Meadows Dr Unit 40 Matthews, NC 28104

Estimated Value: $388,000 - $409,414

3 Beds
2.5 Baths
1,762 Sq Ft
$226/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $385,000 $219 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,557/month

33 Days on Market

Highlights

  • Open Floorplan
  • Pond
  • End Unit
  • Indian Trail Elementary School Rated A
  • Traditional Architecture
  • Corner Lot

About This Home

As of June 2022

Welcome home...to your new townhome that very convenient to both the Union Co. and the Meck Co. areas. This townhome is on a corner lot adjacent to the community common area and pond with a water fountain which can be heard from your back fenced in patio area. Inside, you'll find a grand entrance that starts at the front door and leads into an open floor plan which includes an up-to-date kitchen area with lots of cabinets and a sink/island combo that leads into a specious family area which leads to your dining area. Capped off with a main level BATH. Upstairs, you'll find a large primary BR featuring a vaulted ceiling that leads to a spacious primary BATH with huge walk-in closet. The upstairs also includes two other BR’s featuring plenty of closet space and ceiling fans along with their very own full BATH. Upstairs also has an oversized laundry area with a built-in folding table and storage area. Back downstairs, walk into your1-car garage with plenty of room for your car and storage.

Last Agent to Sell the Property

Brad Ray

Keller Williams Select License #326357 Listed on: 05/27/2022

Keller Williams Select

Last Buyer's Agent

John Davis

Allen Tate Charlotte South License #295039

Allen Tate Charlotte South

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,224

Year Built

  • Built in 2019

Lot Details

  • Lot Dimensions are 22x94x22x94
  • End Unit
  • Level Lot
  • Lawn

HOA Fees

  • $140 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Stone Veneer
  • Hardboard

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Ceiling Fan
  • Skylights
  • Home Security System
  • Gas Dryer Hookup

Kitchen

  • Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • Attached Garage
  • Driveway
  • On-Street Parking

Outdoor Features

  • Pond
  • Patio

Schools

  • Indian Trail Elementary School
  • Sun Valley Middle School
  • Sun Valley High School

Utilities

  • Central Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 07-132-540

Community Details

Overview

  • Cusick Association, Phone Number (704) 544-7779
  • Park Meadows Condos
  • Park Meadows Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Trails

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,224

Year Built

Built in 2019

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Traditional
  • Year Built: 2019
  • Ratio Current Price By Acre: 7700000.00
  • Restrictions: Architectural Review,Subdivision
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Unit Floor Level: 1
  • Restrictions Description: None
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Cable Available, Kitchen Island, Open Floorplan, Skylight(s), Tray Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 794
  • 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: 968
  • Porch: Back,Patio
  • Appliances: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Range, Exhaust Hood, Gas Dryer Hookup, Plumbed For Ice Maker, Microwave, Natural Gas, Oven, Refrigerator, Security System
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1762
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Tax Location: Stallings
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Hardboard Siding, Stone Veneer

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 217
  • Parking Features: Attached Garage, Driveway, Garage - 1 Car, On Street

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Upper Level
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Picnic Area, Pond, Sidewalks, Street Lights, Walking Trails, Other
  • Association Fee: 140
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Park Meadows
  • Association Name: Cusick
  • Phone: 704-544-7779
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Sun Valley
  • HOA Subject To: Required

Lot Info

  • Lot Features: Corner Lot, End Unit, Level, See Remarks
  • Lot Size Area: 0.05
  • Lot Size Units: Acres
  • Parcel Number: 07-132-540
  • Plat Reference Section Pages: 26
  • Land Included Yn: 1
  • Lot Size: 22X94X22X94
  • Zoning Description: AN5

Rental Info

  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.49066

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Indian Trail
  • High School: Sun Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jun 30, 2022
Sold by
William Markwat Erik and Ashley Kristen
Bought by
Luzanov Oleksandr
Seller's Agent
Brad Ray
Keller Williams Select
Buyer's Agent
John Davis
Allen Tate Charlotte South
List Price
$374,900
Sold Price
$385,000
Premium/Discount to List
$10,100
2.69%
Total Days on Market
33
Current Estimated Value
$398,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,707
Avg. Annual Appreciation
0.86%
Original Mortgage
$295,000
Outstanding Balance
$283,015
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$111,776

Purchase Details

Closed on
Apr 17, 2019
Sold by
Nvr Inc
Bought by
Markwat Erik William and Hammack Kristen Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,333
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 17, 2019
Sold by
Park Meadows Development Llc
Bought by
Nvr Inc
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
Luzanov Oleksandr $385,000 Hunter & Chandler Law Group Pl
Markwat Erik William $250,000 None Available
Nvr Inc $264,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luzanov Oleksandr $295,000
Previous Owner Markwat Erik William $239,750
Previous Owner Markwat Erik $240,350
Previous Owner Markwat Erik William $245,333
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $374,900 -2.6% $213 / Sq Ft
06/30/2022 06/30/22 Sold $385,000 +2.7% $219 / Sq Ft
05/30/2022 05/30/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $374,900 -- $213 / 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
2024 $2,224 $251,500 $47,700 $203,800
2023 $2,134 $251,500 $47,700 $203,800
2022 $2,113 $251,500 $47,700 $203,800
2021 $2,111 $251,500 $47,700 $203,800
2020 $1,563 $20,000 $20,000 $0
2019 $245 $20,000 $20,000 $0
2018 $245 $20,000 $20,000 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3865118

Canopy MLS (Canopy Realtor® Association)

APN: 07-132-540