NOT LISTED FOR SALE

5377 Ridge Lane Cir Unit 10 Sherrills Ford, NC 28673

Estimated Value: $1,501,000 - $2,037,000

3 Beds
3.5 Baths
4,486 Sq Ft
$415/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $1,115,000 $249 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $10,327/month

117 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Wood Flooring
  • Sherrills Ford Elementary School Rated A-
  • Ranch Style House
  • Fireplace

About This Home

As of July 2019

Want to live like you are on vacation 365 days a year? YOU have arrived...Your Lake Norman Dream Home is here! This 3 car garage, brick ranch with a finished basement, BIG LAKE VIEWS, Covered dock & sandy beach has it all! Lower level includes a 2nd living area, extra bedrooms, a fabulous second kitchen & tons of storage. Over-the-top construction quality throughout will impress your most discriminating buyer from beautiful crown moldings throughout to commercial grade building products used in construction. You will love the bright & sunny feel w/lake views from every room, covered porches, open floor plan, Brazilian Teak floors up, soaring ceilings, walls of windows, gourmet kitchen, HUGE master suite & luxury bath. NO HOA gives flexibility to do what you want, including vacation rentals. LOW, LOW taxes & 3 minutes to the new Publix shopping area, & restaurants. 1 hr to Winston-Salem includes using the quick access to I-40 & also Charlotte & the airport via the new Hwy 16. HURRY!

Last Agent to Sell the Property

Nadine Wynn

Keller Williams Lake Norman License #222299 Listed on: 01/09/2019

Keller Williams Lake Norman

Last Buyer's Agent

Kristi Hand

Titan Realty, Inc. License #216815

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • Waterfront
  • Irrigation

Parking

  • Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Fireplace
  • Permanent Attic Stairs
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4606049072550000

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Architectural Style: Ranch
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96957
  • Ratio Close Price By Original Li: 0.89200
  • Ratio Current Price By Acre: 2144230.77
  • Ratio Current Price By Sq Ft: 248.55
  • Year Built: 2007
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dishwasher, Gas Range, Ice Maker Connection, Microwave, Exhaust Hood, Self Cleaning Oven, Surround Sound, Propane, Electric Oven
  • Fireplace Description: Great Room
  • Fireplace: Yes
  • Fixture Exception Description: Boat Lift does not convey
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Attic Stairs Fixed, Built-Ins, Kitchen Island, Open Floorplan, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 2
  • Second Living Quarters: Interior Connected
  • Sq Ft Basement: 1978
  • Main Level Sq Ft: 2508
  • Total Sq Ft: 4486
  • Sq Ft Unheated Basement: 530
  • Sq Ft Unheated Total: 530

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Garage - 3 Car, Parking Space - 4+

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Gas, Propane

Schools

  • Elementary School: Sherrills Ford
  • Middle School: Mill Creek
  • High School: Bandys

Lot Info

  • Lot Features: Waterfront, Year Round View
  • Lot Size Area: 0.520
  • Parcel Number: 4606049072550000
  • Zoning Specification: R-30

Tax Info

  • Tax Value: 847600.00
  • Tax Location: Sherrills Ford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2020
Sold by
Fenton Matthew R and Fenton Margaret M
Bought by
M & M Lake House Llc
Current Estimated Value
$1,862,234

Purchase Details

Closed on
Apr 21, 2020
Sold by
M And M Lake House Llc
Bought by
Fenton Matthew R and Fenton Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,750
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2019
Sold by
Fenton Matthew Russell and Fenton Margaret Mary
Bought by
M & M Lake House Llc

Purchase Details

Listed on
Jan 9, 2019
Closed on
Jul 15, 2019
Sold by
Vadnais Edmond and Vadnais Lisa
Bought by
Fenton Matthew Russell and Fenton Margaret Mary
Seller's Agent
Nadine Wynn
Keller Williams Lake Norman
Buyer's Agent
Kristi Hand
Titan Realty, Inc.
List Price
$1,199,000
Sold Price
$1,115,000
Premium/Discount to List
-$84,000
-7.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$892,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2006
Sold by
Mccall Lewis Grundy and Mccall Dorothy Griffin
Bought by
Vadnais Edmond and Vadnais Lisa
Source: Public Records

Range of Values:

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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
M & M Lake House Llc -- None Available
Fenton Matthew R -- None Available
M & M Lake House Llc -- None Available
Fenton Matthew Russell $1,115,000 City Of Oaks Title Llc
Vadnais Edmond $367,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fenton Matthew R $858,750
Previous Owner Fenton Matthew Russell $892,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2019 07/15/19 Sold $1,115,000 -3.0% $249 / Sq Ft
05/06/2019 05/06/19 Pending -- -- --
04/26/2019 04/26/19 Price Changed $1,150,000 -4.1% $256 / Sq Ft
04/26/2019 04/26/19 For Sale $1,199,000 0.0% $267 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
02/25/2019 02/25/19 Price Changed $1,199,000 -4.1% $267 / Sq Ft
01/09/2019 01/09/19 For Sale $1,250,000 -- $279 / 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 $6,952 $1,411,600 $461,800 $949,800
2024 $6,952 $1,411,600 $461,800 $949,800
2023 $6,811 $892,800 $277,100 $615,700
2022 $6,294 $892,800 $277,100 $615,700
2021 $6,294 $892,800 $277,100 $615,700
2020 $6,294 $892,800 $277,100 $615,700
2019 $5,976 $847,600 $0 $0
2018 $5,204 $759,700 $267,800 $491,900
2017 $5,204 $0 $0 $0
2016 $5,204 $0 $0 $0
2015 $4,732 $759,680 $267,800 $491,880
2014 $4,732 $788,600 $267,800 $520,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3462802

Canopy MLS (Canopy Realtor® Association)

APN: 4606049072550000