NOT LISTED FOR SALE

562 Arrow Point Ln Unit 19 Davidson, NC 28036

Estimated Value: $881,000 - $1,047,000

0.94 Acre
$1,016,356 Price per Acre
40,946 Sq Ft Lot

Last Sold April 06, 2017

Last sale price $39,000

Est. 2,350% increase in value since last sale

Current estimated payment $5,761/month

42 Days on Market

About This Lot

As of April 2017

Priced below tax value. Archer Ridge is conveniently located close to Davidson, Mooresville, Kannapolis and Concord. Recently permitted for 4 bedrooms by Rowan County Health Department. Bring your own builder.

Last Agent to Sell the Property

Michael Klyn

COMPASS Brokerage Email: mike@homescharlotte.com License #262103 Listed on: 02/08/2017

COMPASS

Last Buyer's Agent

Roz Sirbu

LKN Property Pros LLC License #174063

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,017

Lot Details

  • 0.94 Acre Lot
  • Lot Dimensions are 104x411x110x375
  • Paved or Partially Paved Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Zoning described as Residential Lot

HOA Fees

  • $21 Monthly HOA Fees

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Garage
  • Basement Garage

Schools

  • Millbridge Elementary School
  • Corriher-Lipe Middle School
  • South Rowan High School

Utilities

  • Septic Tank

Community Details

  • Archer Ridge Owners Assoc Association, Phone Number (704) 564-4680
  • Archer Ridge Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 249I009

Property Details

Property Type

Land

Est. Annual Taxes

$5,017

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Manufactured Home Not Allowed,Modular Not Allowed,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Attribution Contact: mike@homescharlotte.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Possible Use: Residential
  • Has Basement: Basement
  • Basement YN: Yes
  • Room Count: 0

Exterior Features

  • Construction Type: Site Built
  • Road Frontage: 104
  • Other Structures: None

Utilities

  • Sewer: Septic Installed
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Archer Ridge Owners Assoc
  • Phone: 704-564-4680
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Corriher-lipe
  • HOA Subject To: Required

Lot Info

  • Lot Features: Paved, Wooded
  • Lot Size Area: 0.94
  • Lot Size Units: Acres
  • Parcel Number: 249I009
  • Can Be Subdivided: 0
  • Lot Size Acres: 0.94
  • Lot Size: 104x411x110x375
  • Lot Size Sq Ft: 40946
  • Zoning Description: Residential Lot
  • ResoLotSizeUnits: Acres

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Millbridge
  • High School: South Rowan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2020
Sold by
Preece Ryan J and Ballowe Donald Wesley
Bought by
Ballowe Donald Wesley and Ballowe Catherine Lopez
Current Estimated Value
$955,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$478,000
Interest Rate
3.1%
Mortgage Type
VA

Purchase Details

Closed on
Dec 4, 2018
Sold by
Albu Cornel and Albu Delia
Bought by
Preece Ryan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,400
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 8, 2017
Closed on
Apr 4, 2017
Sold by
Guilford Kenneth and Guilford Tracy
Bought by
Albu Cornel and Albu Delia
Seller's Agent
Michael Klyn
COMPASS
Buyer's Agent
Roz Sirbu
LKN Property Pros LLC
List Price
$55,000
Sold Price
$39,000
Premium/Discount to List
-$16,000
-29.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
45.66%

Purchase Details

Listed on
Apr 2, 2016
Closed on
Jun 6, 2016
Sold by
Capital River Llc
Bought by
Guilford Tracy and Guilford Kenneth
Seller's Agent
Michael Klyn
COMPASS
Buyer's Agent
Michael Klyn
COMPASS
List Price
$45,000
Sold Price
$27,500
Premium/Discount to List
-$17,500
-38.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
52.34%
Original Mortgage
$16,000
Interest Rate
3.59%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 2015
Sold by
First Troy Spe Llc
Bought by
Capital River Llc

Purchase Details

Closed on
Jan 26, 2012
Sold by
Wynsor Homes Inc
Bought by
First Troy Spe Llc

Purchase Details

Closed on
Aug 10, 2007
Sold by
Topaz Development Inc
Bought by
Wynsor Homes Inc
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
Ballowe Donald Wesley $570,000 None Available
Preece Ryan J $527,000 None Available
Albu Cornel $39,000 None Available
Guilford Tracy $27,500 None Available
Capital River Llc $11,000 None Available
First Troy Spe Llc $33,111 None Available
Wynsor Homes Inc $360,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballowe Donald Wesley $471,969
Closed Ballowe Donald Wesley $478,000
Previous Owner Preece Ryan J $410,400
Previous Owner Albu Cornel $239,500
Previous Owner Guilford Tracy $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2017 04/06/17 Sold $39,000 -29.1% --
03/22/2017 03/22/17 Pending -- -- --
02/08/2017 02/08/17 For Sale $55,000 +100.0% --
06/06/2016 06/06/16 Sold $27,500 -38.9% --
05/02/2016 05/02/16 Pending -- -- --
04/02/2016 04/02/16 For Sale $45,000 -- --
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 $5,017 $740,569 $76,000 $664,569
2023 $5,017 $740,569 $76,000 $664,569
2022 $3,524 $466,778 $68,000 $398,778
2021 $3,209 $436,593 $68,000 $368,593
2020 $3,209 $436,593 $68,000 $368,593
2019 $3,209 $436,593 $68,000 $368,593
2018 $421 $57,800 $57,800 $0
2017 $421 $57,800 $57,800 $0
2016 $421 $57,800 $57,800 $0
2015 $428 $57,800 $57,800 $0
2014 $409 $57,800 $57,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3249321

Canopy MLS (Canopy Realtor® Association)

APN: 249-I009