NOT LISTED FOR SALE

515 Saddlebred Ln Locust, NC 28097

Estimated Value: $422,000 - $470,000

4 Beds
2.5 Baths
2,824 Sq Ft
$159/Sq Ft Est. Value

Last Sold October 20, 2023

Last sale price $409,990 $145 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,705/month

36 Days on Market

Highlights

  • Community Cabanas
  • Under Construction
  • Vaulted Ceiling
  • Locust Elementary School Rated A-
  • Open Floorplan
  • Traditional Architecture

About This Home

As of October 2023

This brand new construction home is designed for entertaining. A sizeable 2 story that has just what you need with a home office on the main level. There is so much flexibility with a total of 4 bedrooms, plus a loft upstairs and an office. Each bedroom has it's very own walk-in closet. This home is nestled in a new community in the quaint town Locust. This is a great time to get in to this up-and-coming town. Be sure to check out all of the new businesses on your way here. Conveniently located off of Albemarle Road, only 28 miles from uptown Charlotte. This home is an incredible value with all the benefits of new construction and a 10 yr. Home Warranty! Home is Connected package includes programmable thermostat, Z-Wave door lock and wireless switch, touchscreen control device, automation platform, video doorbell, and Amazon Echo Show and Echo Dot. All home features are subject to change without notice. Please ask agent for details!

Last Agent to Sell the Property

Michelle Womaski

DR Horton Inc License #272682 Listed on: 07/01/2023

DR Horton Inc

Co-Listed By

Deanna Amin

DR Horton Inc License #311883

Last Buyer's Agent

Mike Koman

EXP Realty LLC Ballantyne License #118306

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 0.25

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Insulated Windows
  • Window Treatments
  • Entrance Foyer
  • Family Room with Fireplace
  • Pull Down Stairs to Attic
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Walk-In Pantry
  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Plumbed For Ice Maker
  • Kitchen Island
  • Disposal

Flooring

  • Engineered Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Schools

  • Stanfield Elementary School
  • West Stanly Middle School
  • West Stanly High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • No or Low VOC Paint or Finish
  • Patio
  • Property is zoned OPS

Listing and Financial Details

  • Assessor Parcel Number 557402883642

Community Details

Overview

  • Built by DR Horton
  • Crossroads Subdivision, Wilmington C Floorplan
  • Mandatory home owners association

Recreation

  • Community Playground
  • Community Cabanas
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2023 | Under Construction

Lot Details

0

HOA Fees

$55 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2023
  • Proposed Completion Date: 2023-12-31
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 145.18
  • Geocode Confidence: High
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1225
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 411
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 411
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1599
  • Appliances: Disposal, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 2824
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2824
  • Window Features: Insulated Window(s), Window Treatments
  • Bedroom Main: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Stone Veneer, Vinyl
  • Patio And Porch Features: Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener

Utilities

  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Cabana, Outdoor Pool, Playground, Sidewalks, Walking Trails
  • Association Fee: 660
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 660.00

Schools

  • Middle Or Junior School: West Stanly
  • HOA Subject To: Required

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 557402883642
  • Zoning: OPS
  • Development Status: Under Construction
  • Lot Size: irregular
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OPS

Green Features

  • Green Sustainability: Engineered Wood Products, Low VOC Coatings

Building Info

  • Builder Name: DR Horton

MLS Schools

  • Elementary School: Stanfield
  • High School: West Stanly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2023
Closed on
Oct 20, 2023
Sold by
D R Horton Inc
Bought by
Marquez German Alfonso Argu and Dellemus Flora Del
Seller's Agent
Michelle Womaski
DR Horton Inc
Buyer's Agent
Mike Koman
EXP Realty LLC Ballantyne
List Price
$407,990
Sold Price
$409,990
Premium/Discount to List
$2,000
0.49%
Views
47
Current Estimated Value
$448,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,277
Avg. Annual Appreciation
4.14%
Original Mortgage
$290,000
Outstanding Balance
$283,757
Interest Rate
6.88%
Mortgage Type
Construction
Estimated Equity
$164,510
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Marquez German Alfonso Argu $410,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marquez German Alfonso Argu $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Sold $409,990 0.0% $145 / Sq Ft
08/01/2023 08/01/23 Price Changed $409,990 +0.5% $145 / Sq Ft
07/01/2023 07/01/23 For Sale $407,990 -- $144 / 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
2025 $3,696 $401,718 $65,000 $336,718
2024 $3,455 $316,973 $55,000 $261,973
2023 $600 $55,000 $55,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4043850

Canopy MLS (Canopy Realtor® Association)

APN: 5574-02-88-3642