NOT LISTED FOR SALE

517 Lorimer Rd Davidson, NC 28036

Estimated Value: $2,350,000 - $2,758,000

4 Beds
5 Baths
4,475 Sq Ft
$569/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $725,000 $162 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $14,324/month

About This Home

As of July 2017

STUNNING historic home located in the heart of Downtown Davidson, and it's a short walk or bike ride to shopping, library, restaurants, and the college! Built in the early 1920's, this estate was meticulously updated in 2019 to have modern amenities while keeping the charm of the early 1900's. The main house has just over 3,900 sq/ft with hardwoods, MAIN LEVEL OWNER'S SUITE, gourmet Kitchen with Breakfast, Office, & Laundry with Washer/Dryer. Upper level has additional Bedrooms, Bonus Room & built-in Loft area. Detached 2-Car Garage has a finished Apartment upstairs with its own entrance & Bedroom, Full Bath, Kitchen & Washer/Dryer! Front Covered Porch, Rear Covered Patio with Fireplace, In Ground Pool and Fenced Yard to enjoy! MAINTENANCE FREE LIVING WITH ALL UTILITIES, LAWN MAINTENANCE & POOL MAINTENANCE INCLUDED! No Smoking, No Cats are allowed and 1 Dog under 35-lbs at adult weight is conditional with a non-refundable pet fee. Homeowner will entertain a 6, 9 or 12 month lease.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2017
Closed on
Jul 28, 2017
Sold by
Roberts Edward S and Roberts Jeanette T
Bought by
Brown Charles Pahner and Brown Hailey Knight
Seller's Agent
Beth Sullivan
Allen Tate Davidson
Buyer's Agent
Judy Richardson
Allen Tate Huntersville
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$2,544,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,819,175
Avg. Annual Appreciation
17.29%
Original Mortgage
$580,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 10, 1978
Bought by
Roberts Edward S and Roberts Jeanette T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
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
Brown Charles Pahner $725,000 None Available
Roberts Edward S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Charles Palmer $757,150
Closed Brown Charles Palmer $415,000
Closed Palmer Charles $1,068,000
Closed Brown Charles Pahner $580,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Rented $9,000 0.0% --
08/03/2023 08/03/23 For Rent $9,000 0.0% --
07/28/2017 07/28/17 Sold $725,000 0.0% $263 / Sq Ft
06/07/2017 06/07/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $725,000 -- $263 / Sq Ft

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 $9,870 $1,329,350 $552,800 $776,550
2022 $8,298 $915,000 $360,000 $555,000
2021 $8,539 $915,000 $360,000 $555,000
2020 $8,034 $885,900 $360,000 $525,900
2019 $8,269 $885,900 $360,000 $525,900
2018 $5,682 $467,800 $240,000 $227,800
2017 $5,678 $467,800 $240,000 $227,800
2016 $5,675 $467,800 $240,000 $227,800
2015 $5,671 $467,800 $240,000 $227,800
2014 $5,669 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Angela Berrong

    Lake Norman Realty Inc

    (704) 662-6049

    Angela Berrong
    Section Image

  • S

    Buyer's Agent in 2023

    Sandra Lazcano

    United Real Estate-Queen City

    (305) 962-1785

    5 Total Sales

    Sandra Lazcano
    Section Image
  • Beth Sullivan

    Seller's Agent in 2017

    Beth Sullivan

    Allen Tate Realtors

    (704) 533-3475

    19 Total Sales

    Beth Sullivan
    Section Image
  • Judy Richardson

    Buyer's Agent in 2017

    Judy Richardson

    Allen Tate Realtors

    (704) 506-9799

    Section Image
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Map

North Carolina Mecklenburg County Davidson 28036

517 Lorimer Rd, Davidson, NC

This home is located at 517 Lorimer Rd, Davidson, NC 28036 and is currently estimated at $2,544,175, approximately $568 per square foot. 517 Lorimer Rd is a home located in Mecklenburg County with nearby schools including Davidson Elementary School, William Amos Hough High School, and Davidson Green School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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