NOT LISTED FOR SALE

517 Lorimer Rd Davidson, NC 28036

Estimated Value: $1,926,000 - $2,540,000

4 Beds
5 Baths
2,846 Sq Ft
$771/Sq Ft Est. Value

Last Sold July 28, 2017

Last sale price $725,000 $255 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $12,468/month

Highlights

  • In Ground Pool
  • Outdoor Fireplace
  • Covered Patio or Porch
  • Davidson Elementary School Rated A-
  • Lawn
  • Porte-Cochere

About This Home

As of August 2023

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.

Last Agent to Rent the Property

Angela Berrong

Lake Norman Realty Inc Brokerage Email: rentals@lakenormanrealty.com Listed on: 08/03/2023

Lake Norman Realty Inc

Last Renter's Agent

Sandra Lazcano

United Real Estate-Queen City License #343713

United Real Estate-Queen City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,008

Year Built

  • Built in 1926

Lot Details

  • Back Yard Fenced
  • Irrigation
  • Lawn
  • Property is zoned VIP

Parking

  • 2 Car Detached Garage
  • Porte-Cochere
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • 2 Open Parking Spaces

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Great Room with Fireplace
  • Laundry Room
  • Unfinished Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch
  • Outdoor Fireplace

Utilities

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

Listing and Financial Details

  • Security Deposit $9,000
  • Property Available on 8/10/23

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,008

Year Built

Built in 1926

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Conditional
  • Smoking Allowed Yn: 0
  • Lease Term: Other - See Remarks
  • Available Date: 2023-08-10
  • Pet Deposit: 500
  • Security Deposit: 9000

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Year Built: 1926
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • ResoPropertyType: ResidentialLease
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: rentals@lakenormanrealty.com
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Garden Tub, Kitchen Island, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 0
  • 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
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer/Dryer
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log, Great Room, Outside, Wood Burning
  • Bedroom Main: 1
  • Room Count: 21
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: In-Ground Irrigation, Lawn Maintenance, In Ground Pool, Porte-cochere
  • Fencing: Back Yard, Fenced
  • Patio And Porch Features: Covered, Front Porch, Patio

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: In Bathroom, Laundry Room, Main Level
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.594
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres
  • Zoning Specification: VIP

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

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
Howard Hanna Allen Tate Davidson
Buyer's Agent
Judy Richardson
Howard Hanna Allen Tate Huntersville
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$2,194,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,469,382
Avg. Annual Appreciation
13.12%
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:

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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
Brown Charles Pahner $725,000 None Available
Roberts Edward S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 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
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 $10,008 $1,374,850 $552,800 $822,050
2024 $10,008 $1,329,350 $552,800 $776,550
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

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4056299

Canopy MLS (Canopy Realtor® Association)

APN: 007-022-13