NOT LISTED FOR SALE

5117 Laurel Grove Ln Matthews, NC 28104

Estimated Value: $884,000 - $1,591,000

4 Beds
6 Baths
4,967 Sq Ft
$253/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $910,000 $183 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $7,500/month

31 Days on Market

Highlights

  • Fruit Trees
  • Community Lake
  • Creek On Lot
  • Weddington Elementary School Rated A
  • Private Lot
  • Marble Flooring

About This Home

As of September 2021

ONE OF A KIND! Feel like you are living in the mountains with lakefront views, all in Weddington! Gorgeous, private, and fully custom home with over 2 3/4 acres. Two decks and a screened porch provide access to water, woods, and wildlife. Canoe or kayak around the private lake or sit by the stone fire pit overlooking the new pier. Circular foyer staircase, built-ins, 9 and 10+ ceilings, custom moldings & beautiful architectural details rarely found anymore. New windows 2018, HVACs replaced 2018, 2019, brand new double ovens, stainless steel appliances. 3 custom fireplaces, built-ins throughout, great for entertaining. Lots of privacy inside and out. Owner BR on main floor, three more BRs upstairs with a loft. Lower level has a bath, media room and excercise room that works for a pool table or another guest space with french doors to a brick patio. Note comments on the pictures. Weddington Schools and Union County taxes make this property something special and unique.
Agent owned.

Last Agent to Sell the Property

Mary Lynn Knowles

ProStead Realty License #310136 Listed on: 05/28/2021

ProStead Realty

Last Buyer's Agent

Chad Floyd

Keller Williams South Park License #290298

Keller Williams South Park

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988

Lot Details

  • Home fronts a stream
  • Private Lot
  • Fruit Trees
  • Wooded Lot
  • Many Trees

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • Wet Bar
  • Tray Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Attic

Flooring

  • Engineered Wood
  • Marble
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Creek On Lot
  • Fire Pit
  • Shed
  • Outdoor Gas Grill

Utilities

  • Heating System Uses Natural Gas
  • Septic Tank
  • Cable TV Available

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 06-069-074

Home Details

Home Type

Single Family

Year Built

Built in 1988

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 0.94802
  • Ratio Current Price By Acre: 320422.54
  • Ratio Current Price By Sq Ft: 183.21
  • Year Built: 1988
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished
  • Upper Level Sq Ft: 1279
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Total Bedrooms: 4
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Convection Oven, Cooktop Gas, Dishwasher, Disposal, Double Oven, Downdraft Cooktop, Exhaust Fan, Gas Range, Ice Maker Connection, Natural Gas, Self Cleaning Oven, Wall Oven
  • Fireplace Description: FAMILYRM, Gas Logs, Living Room, Primary Bedroom
  • Fixture Exception Description: brass fixtures in half bath under stairs
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Marble, Prefinished Wood, Tile, Vinyl, Wood
  • Interior Amenities: Attic Walk-in, Built-Ins, Cable Available, Tray Ceiling, Walk-In Closet(s), Wet Bar
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 802
  • Main Level Sq Ft: 2886
  • Total Sq Ft: 4967
  • Sq Ft Unheated Basement: 218
  • Sq Ft Unheated Main: 698
  • Sq Ft Unheated Total: 916

Exterior Features

  • Construction: Brick Full, Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fire pit, In-Ground Gas Grill, Shed(s)

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car, Garage Door Opener, Keypad Entry, Side Load Garage

Utilities

  • Heating: Central Air, Ductless/Mini-Split System, Gas Hot Air Furnace, Natural Gas
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee: 200.00
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Voluntary

Schools

  • Elementary School: Weddington
  • Middle School: Weddington
  • High School: Weddington

Lot Info

  • Lot Features: Creekfront, Cul-de-sac Lot, Fruit Trees, Lake, Lake Access, Private, Sloping, Stream/Creek, Trees, Views, Water view, Waterfront, Wooded, Year Round View
  • Lot Size Area: 2.840
  • Parcel Number: 06-069-074
  • Zoning Specification: Res

Tax Info

  • Tax Value: 606700.00
  • Tax Location: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Aug 26, 2021
Sold by
Knowles Mark and Knowles Mary Lynn
Bought by
Hollifield James Daniel and Hollifield Melissa Morrison
Seller's Agent
Mary Lynn Knowles
ProStead Realty
Buyer's Agent
Chad Floyd
Keller Williams South Park
List Price
$959,900
Sold Price
$910,000
Premium/Discount to List
-$49,900
-5.2%
Total Days on Market
31
Current Estimated Value
$1,256,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,341
Avg. Annual Appreciation
11.68%
Original Mortgage
$680,000
Outstanding Balance
$627,316
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$755,677

Purchase Details

Closed on
Mar 30, 2004
Sold by
Mcney William H and Mcney Arlene J
Bought by
Knowles Mark and Rogers Knowles Mary Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,250
Interest Rate
5.38%
Mortgage Type
Credit Line Revolving
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
Hollifield James Daniel $910,000 None Available
Knowles Mark $595,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hollifield James Daniel $680,000
Previous Owner Knowles Mary Lynn $546,500
Previous Owner Knowles Mark $96,000
Previous Owner Knowles Mark A $512,000
Previous Owner Knowles Mark A $115,250
Previous Owner Knowles Mark $115,250
Previous Owner Mcney William H $150,000
Previous Owner Knowles Mark A $450,000
Previous Owner Mcney William H $227,150
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $910,000 0.0% $183 / Sq Ft
07/08/2021 07/08/21 Price Changed $910,000 -5.2% $183 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $959,900 -- $193 / 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 $5,565 $812,000 $129,000 $683,000
2023 $5,115 $808,000 $129,000 $679,000
2022 $5,139 $808,000 $129,000 $679,000
2021 $5,139 $808,000 $129,000 $679,000
2020 $4,434 $606,660 $132,860 $473,800
2019 $4,750 $606,660 $132,860 $473,800
2018 $0 $606,660 $132,860 $473,800
2017 $4,738 $606,700 $132,900 $473,800
2016 $4,650 $606,660 $132,860 $473,800
2015 $4,711 $606,660 $132,860 $473,800
2014 $4,619 $672,360 $144,400 $527,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3740409

Canopy MLS (Canopy Realtor® Association)

APN: 06-069-074