NOT LISTED FOR SALE

505 Palmerston Ln Waxhaw, NC 28173

Estimated Value: $802,000 - $896,000

5 Beds
3.5 Baths
4,979 Sq Ft
$171/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $750,000 $151 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,947/month

34 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Private Lot
  • Wesley Chapel Elementary School Rated A
  • Deck
  • Wooded Lot

About This Home

As of February 2024

Incredible Home UPDATED & READY just in time for the Holidays! Designer Barnwood Luxury Vinyl Plank throughout this ENTIRE HOME! Beautiful Light Fixtures all have all been UPDATED to the latest styles! Formal Dining Room perfect for Entertaining. HUGE OPEN FLOOR-Plan makes entertaining easy! Kitchen is all Updated w/Designer Painted Cabinets, Quartz Counter-tops, Tile Backsplash, NEW SS Appls including a Gas Cook-top, Vent Hood, Wall Oven w/Microwave, Center Island featuring bar seating & walk-in Pantry!
Up: Primary bed w/Tray Ceilings & Custom Closet. Primary bath w/Dual Quartz Vanity, Huge Soaking Tub & walk-in Shower. 3 Additional Guest Beds & Jack/ Jill Bathroom! Bonus-Bedroom too perfect for Kid's entertainment. Laundry on Upper for your Convenience! Basement is waiting for your touch! INCREDIBLE Space, also un-finish walk-in storage (265 sqft) additional bed & full bath. Outside has NEW Deck, Storage Unit & Rear covered Porch! NEW Roof, Weddington Schools! Come Tour this today!

Last Agent to Sell the Property

Cherie Burris

RE/MAX Executive Brokerage Email: cherieburris@gmail.com License #236844 Listed on: 11/16/2023

RE/MAX Executive

Last Buyer's Agent

Kyle Zapcic

Redfin Corporation License #337794

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,248

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 105 x 197 x 106 x 217
  • Private Lot
  • Open Lot
  • Wooded Lot
  • Property is zoned AJ0

HOA Fees

  • $51 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Tandem Parking
  • Garage Door Opener
  • Driveway
  • 4 Open Parking Spaces

Home Design

  • Transitional Architecture
  • Arts and Crafts Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Insulated Windows
  • Entrance Foyer
  • Great Room with Fireplace
  • Vinyl Flooring

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Down Draft Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Dual Flush Toilets
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Walk-Up Access
  • Interior Basement Entry
  • Sump Pump
  • Basement Storage

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Wesley Chapel Elementary School
  • Weddington Middle School
  • Weddington High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 06-048-444

Community Details

Overview

  • Kuester Management Association, Phone Number (704) 973-9019
  • Built by Custom
  • Wesley Oaks Subdivision, Primary On Upper Level Floorplan
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,248

Year Built

Built in 2006

Lot Details

0

HOA Fees

$51 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts, Transitional
  • Year Built: 2006
  • Restrictions: Architectural Review,Subdivision
  • Restrictions Description: CCR's Attached
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 150.63
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: cherieburris@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Vinyl
  • Interior Amenities: Attic Other, Breakfast Bar, Built-in Features, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Storage, Tray Ceiling(s), Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1642
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 265
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 676
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 941
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 2132
  • Appliances: Dishwasher, Disposal, Down Draft, Dual Flush Toilets, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 3774
  • Has Basement: Finished, Interior Entry, Storage Space, Sump Pump, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1205
  • Door Features: Insulated Door(s), Sliding Doors
  • Fireplace Features: Gas, Great Room
  • Living Area: 4979
  • Window Features: Insulated Window(s)
  • Bedroom Main: 0
  • Room Count: 18
  • Bedroom Basement: 1
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Storage
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Stone Veneer, Vinyl
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 675
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Side, Garage Shop, Tandem

Utilities

  • Heating: Central, Electric, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Common Area, Electric Dryer Hookup, In Hall, Laundry Room, Upper Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Utilities: Electricity Connected, Gas
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground, Sidewalks, Street Lights
  • Association Fee: 303
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Kuester Management
  • Phone: 704-973-9019
  • ResoAssociationFeeFrequency: SemiAnnually

Association/Amenities

  • Association Annual Expense: 606.00

Schools

  • Middle Or Junior School: Weddington
  • HOA Subject To: Required

Lot Info

  • Lot Features: Open Lot, Private, Wooded
  • Lot Size Area: 0.5
  • Lot Size Units: Acres
  • Parcel Number: 06-048-444
  • Zoning: AJ0
  • Development Status: Completed
  • Lot Size: 105 x 197 x 106 x 217
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AJ0

Building Info

  • Builder Name: Custom

MLS Schools

  • Elementary School: Wesley Chapel
  • High School: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 1, 2024
Sold by
Four Corners Of Charlotte Llc
Bought by
Bharti Reeta and Bharti Shivanand
Seller's Agent
Cherie Burris
RE/MAX Executive
Buyer's Agent
Kyle Zapcic
Redfin Corporation
List Price
$825,000
Sold Price
$750,000
Premium/Discount to List
-$75,000
-9.09%
Views
153
Current Estimated Value
$850,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,378
Avg. Annual Appreciation
6.28%
Original Mortgage
$550,000
Outstanding Balance
$522,492
Interest Rate
5.93%
Mortgage Type
New Conventional
Estimated Equity
$302,817

Purchase Details

Closed on
Jul 27, 2023
Sold by
Goddard & Peterson Pllc
Bought by
Four Corners Of Charlotte Llc and Henderson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$511,200
Interest Rate
6.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2006
Sold by
Centex Homes
Bought by
Drummond Bryan D and Henderson Teresa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,544
Interest Rate
6.5%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Bharti Reeta $750,000 None Listed On Document
Four Corners Of Charlotte Llc $568,026 None Listed On Document
Drummond Bryan D $454,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bharti Reeta $550,000
Previous Owner Four Corners Of Charlotte Llc $511,200
Previous Owner Drummond Bryan D $363,544
Previous Owner Drummond Bryan D $363,544
Previous Owner Drummond Bryan D $90,886
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2024 02/01/24 Sold $750,000 -3.2% $151 / Sq Ft
11/29/2023 11/29/23 Price Changed $775,000 -3.0% $156 / Sq Ft
11/22/2023 11/22/23 Price Changed $799,000 -3.2% $160 / Sq Ft
11/16/2023 11/16/23 For Sale $825,000 -- $166 / 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 $3,248 $517,300 $76,000 $441,300
2023 $3,236 $517,300 $76,000 $441,300
2022 $3,236 $517,300 $76,000 $441,300
2021 $3,228 $517,300 $76,000 $441,300
2020 $2,990 $388,270 $58,470 $329,800
2019 $2,976 $388,270 $58,470 $329,800
2018 $2,976 $388,270 $58,470 $329,800
2017 $3,146 $388,300 $58,500 $329,800
2016 $3,090 $388,270 $58,470 $329,800
2015 $3,125 $388,270 $58,470 $329,800
2014 $2,855 $415,600 $69,940 $345,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4088112

Canopy MLS (Canopy Realtor® Association)

APN: 06-048-444