NOT LISTED FOR SALE

504 Arborlea Ct Matthews, NC 28105

Estimated Value: $551,000 - $585,544

4 Beds
3 Baths
2,314 Sq Ft
$248/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $512,000 $221 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,495/month

3 Days on Market

Highlights

  • Cathedral Ceiling
  • Detached Garage
  • Walk-In Closet
  • Crestdale Middle School Rated A-
  • Cul-De-Sac
  • Laundry Room

About This Home

As of October 2022

**multiple offers received. Best offers due by 6:00 Saturday September 10** Beautifully renovated ranch home located on a quiet cul-de-sac in desirable Matthews neighborhood w/ NO HOA! The cozy, primary living space features 3 BRs, 2 BAs, mudroom, great kitchen w/island, breakfast area, wood burning fireplace, and cathedral ceilings. The oversized detached garage has been fully insulated w/ its own, brand new mini split HVAC & separate 2 story living area with a kitchen & full BA. No corners were skipped in this homes renovation. HVACs, duct work, energy efficient windows all replaced in 2018, insulated crawl space, new vinyl plank flooring, updated appliances & fixtures, new large back porch & patio, & new gutters in 2021. Located in a desirable school district, this home also offers an easy walk to downtown Matthews and located 2 blocks from 4 Mile Creek Trail.

Last Agent to Sell the Property

Marty Wilcox

Lake Norman Realty, Inc. License #294351 Listed on: 09/08/2022

Lake Norman Realty, Inc.

Last Buyer's Agent

Connie Ward

inCREDIBLE Realty Group License #205838

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,571

Year Built

  • Built in 1976

Lot Details

  • Cul-De-Sac
  • Fenced
  • Zoning described as R15

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 2,314 Sq Ft Home
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Workshop in Garage
  • Driveway

Schools

  • Matthews Elementary School
  • Crestdale Middle School
  • Butler High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Shed
  • Separate Entry Quarters

Community Details

  • Country Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 227-214-07

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,571

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1976
  • Ratio Current Price By Acre: 1383783.78
  • Restrictions: None
  • Second Living Quarters: Exterior Not Connected,Main Level Garage,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters
  • Road Surface Type: Concrete
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 221.26
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Laminate, Tile
  • Interior Amenities: Attic Stairs Pulldown, Cathedral Ceiling(s), Garage Shop, Kitchen Island, Pantry, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 528
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1786
  • 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
  • Second Living Quarters Hla: 528
  • Second Living Quarters Sq Ft: 0
  • Porch: Back
  • Appliances: Gas Cooktop, Dishwasher, Dryer, Electric Range, Gas Range, Natural Gas, Oven, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Living Room, Wood Burning
  • Living Area: 2314
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Fence, Shed(s)
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Matthews
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Wood Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 528
  • Parking Features: Detached, Driveway, Garage - 2 Car

Utilities

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

Schools

  • Middle Or Junior School: Crestdale
  • HOA Subject To: None

Lot Info

  • Lot Features: Cul-De-Sac
  • Lot Size Area: 0.37
  • Lot Size Units: Acres
  • Parcel Number: 227-214-07
  • Zoning Description: R15
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.82872

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Matthews
  • High School: Butler

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Oct 24, 2022
Sold by
Dondiego Michael A and Dondiego Morgan
Bought by
Gloekler Jordan R and Rich Morgan L
Seller's Agent
Marty Wilcox
Lake Norman Realty, Inc.
Buyer's Agent
Connie Ward
inCREDIBLE Realty Group
List Price
$489,000
Sold Price
$512,000
Premium/Discount to List
$23,000
4.7%
Views
12
Current Estimated Value
$573,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,886
Avg. Annual Appreciation
3.98%
Original Mortgage
$409,600
Outstanding Balance
$396,954
Interest Rate
6.02%
Mortgage Type
New Conventional
Estimated Equity
$170,827

Purchase Details

Listed on
Jun 3, 2017
Closed on
Oct 12, 2017
Sold by
David Jake E and David Phyllis J
Bought by
Dondiego Michael A
Seller's Agent
Art Parker
United Country Real Estate - The McLemore Group
Buyer's Agent
Morgan Deer
Keller Williams South Park
List Price
$289,900
Sold Price
$265,000
Premium/Discount to List
-$24,900
-8.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.96%
Original Mortgage
$212,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 1997
Sold by
Powell William J and Powell Sandra C
Bought by
Davis Jake E and Davis Phyllis J
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
Gloekler Jordan R $512,000 --
Dondiego Michael A $265,000 None Available
Davis Jake E $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gloekler Jordan R $409,600
Previous Owner Dondiego Michael A $212,000
Previous Owner Davis Jake E $26,000
Previous Owner Davis Jake E $153,600
Previous Owner Davis Jake E $19,200
Previous Owner Davis Jake E $47,000
Previous Owner Davis Jake E $116,000
Previous Owner Davis Jake E $10,000
Previous Owner Davis Jake E $104,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $512,000 +4.7% $221 / Sq Ft
09/11/2022 09/11/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $489,000 0.0% $211 / Sq Ft
08/28/2022 08/28/22 Price Changed $489,000 +84.5% $211 / Sq Ft
10/12/2017 10/12/17 Sold $265,000 -8.6% $148 / Sq Ft
08/30/2017 08/30/17 Pending -- -- --
06/03/2017 06/03/17 For Sale $289,900 -- $162 / 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
2023 $3,571 $476,800 $75,000 $401,800
2022 $2,398 $267,400 $75,000 $192,400
2021 $2,398 $267,400 $75,000 $192,400
2020 $2,395 $267,000 $75,000 $192,000
2019 $2,428 $267,000 $75,000 $192,000
2018 $2,231 $167,700 $45,000 $122,700
2017 $1,962 $167,700 $45,000 $122,700
2016 $1,959 $167,700 $45,000 $122,700
2015 $1,955 $167,700 $45,000 $122,700
2014 $1,991 $174,400 $45,000 $129,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3899378

Canopy MLS (Canopy Realtor® Association)

APN: 227-214-07