$513,000
SOLD DEC 4, 2018

562 Arrow Point Ln Davidson, NC 28036

4 Beds
4 Baths
2,844 Sq Ft
0.94 Acres

Recently Sold

$180 Per Sq Ft

5% Below List Price

55 Days on Market

Highlights

  • Newly Remodeled
  • Wooded Lot
  • Wood Flooring
  • Open Floorplan
  • Arts and Crafts Architecture
  • Card or Code Access

About This Home

As of July 2020

Your Finest Opportunity! Custom New Home well located in Davidson/ Rowan County. Rocking chair front porch. Entertainment size Dining Room offers custom trim work. Huge Gourmet Kitchen with oversize island, lots of counter space, generous size pantry, & sunny morning room perfect for informal dining. Kitchen with granite, tile backsplash, 42" cabinets, & gas range. Spacious Great Room highlighted by stone fireplace overlooks backyard. 1st floor offers a bedroom/office, Laundry, Pantry closet, & a bath with tiled shower, 2nd floor Bonus/Media Room. Spacious Owner's Suite on main floor is a touch of luxury, Owner's Bath has dual sinks, soaking tub great for winding the day down, HUGE tiled shower, & large closet. Builder spares no expense when it comes to the custom features, heavy molding, tile baths, & wood flooring on 1st & 2nd level, Covered back porch makes evening entertaining comfortable & easy, 3 car garage, unfinished basement will make a great space in future.

Last Agent to Sell the Property

Michelle Ivester-Rhyne

Premier Sotheby's International Realty License #274051 Listed on: 08/23/2018

Premier Sotheby's International Realty

Last Buyer's Agent

Jen Gabehart

Coldwell Banker Realty License #271856

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,017

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 110x411x104x375
  • Wooded Lot

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Arts and Crafts Architecture
  • Wood Siding
  • Stone Siding

Interior Spaces

  • Open Floorplan
  • Family Room with Fireplace
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 249I009

Community Details

Overview

  • Archer Ridge Association, Phone Number (704) 641-7885
  • Built by Yotta Earth Homes LLC
  • Archer Ridge Subdivision
  • Mandatory home owners association

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,017

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Arts and Crafts
  • Year Built: 2018
  • Ratio Current Price By Acre: 545744.68
  • Doors and Windows: Insulated Windows
  • Road Surface Type: Concrete
  • Structure Type: Two Story/Basement
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Foundation Details: Basement Partially Finished
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Kitchen Island, Open Floorplan, Pantry
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1668
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1322
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 762
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 2231
  • Sq Ft Unheated Upper: 147
  • Sq Ft Upper: 1176
  • Second Living Quarters Hla: 0
  • Second Living Quarters Sq Ft: 0
  • Porch: Covered,Front
  • Appliances: Dishwasher, Gas Range, Network Ready, Gas Oven
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room
  • Living Area: 2844
  • Full Bathrooms: 4
  • Total Bedrooms: 2
  • Half Bathrooms: 0
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Fiber Cement, Stone, Wood Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Garage - 3 Car, Keypad Entry, Parking Space - 2

Utilities

  • Heating: Central
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 250
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Archer Ridge
  • Phone: 704-641-7885
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Wooded, Views, Wooded
  • Lot Size Area: 0.94
  • Lot Size Units: Acres
  • Parcel Number: 249I009
  • Lot Size: 110X411X104X375
  • Zoning Description: RES

Building Info

  • Builder Name: Yotta Earth Homes LLC

Tax Info

  • RATIO List Price By Tax Amount: 9.32526

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Jul 10, 2020
Sold by
Preece Ryan J and Ballowe Donald Wesley
Bought by
Ballowe Donald Wesley and Ballowe Catherine Lopez
Seller's Agent
Jen Gabehart
Coldwell Banker Realty
Buyer's Agent
Regina Vance
Coldwell Banker Realty
List Price
$570,000
Sold Price
$570,000
Current Estimated Value
$956,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$386,127
Avg. Annual Appreciation
10.27%
Original Mortgage
$478,000
Interest Rate
3.1%
Mortgage Type
VA

Purchase Details

Listed on
Aug 23, 2018
Closed on
Dec 4, 2018
Sold by
Albu Cornel and Albu Delia
Bought by
Preece Ryan J
Seller's Agent
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
Buyer's Agent
Jen Gabehart
Coldwell Banker Realty
List Price
$539,000
Sold Price
$513,000
Premium/Discount to List
-$26,000
-4.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%
Original Mortgage
$410,400
Interest Rate
5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 4, 2017
Sold by
Guilford Kenneth and Guilford Tracy
Bought by
Albu Cornel and Albu Delia

Purchase Details

Closed on
Jun 6, 2016
Sold by
Capital River Llc
Bought by
Guilford Tracy and Guilford Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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 Type Sale Price Title Company
Warranty Deed $570,000 None Available
Warranty Deed $527,000 None Available
Warranty Deed $39,000 None Available
Warranty Deed $27,500 None Available
Special Warranty Deed $11,000 None Available
Trustee Deed $33,111 None Available
Warranty Deed $360,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $471,969 VA
Closed $478,000 VA
Previous Owner $410,400 Adjustable Rate Mortgage/ARM
Previous Owner $239,500 Adjustable Rate Mortgage/ARM
Previous Owner $16,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2020 07/10/20 Sold $570,000 0.0% $200 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $570,000 +11.1% $200 / Sq Ft
12/04/2018 12/04/18 Sold $513,000 -4.8% $180 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $539,000 -- $190 / 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
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: 3427303

Canopy MLS (Canopy Realtor® Association)

APN: 249-I009