NOT LISTED FOR SALE

618 N Lake Dr Monroe, NC 28112

Estimated Value: $833,000 - $1,041,000

3 Beds
2.5 Baths
4,786 Sq Ft
$188/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $850,000 $178 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,893/month

89 Days on Market

Highlights

  • Spa
  • Waterfront
  • Deck
  • Rock Rest Elementary School Rated A-
  • Colonial Architecture
  • Wooded Lot

About This Home

As of August 2022

DON'T MISS THIS INCREDIBLE OPPORTUNITY TO CALL THIS SPECTACULAR WATERFRONT PROPERTY HOME!! Approx 12 acre estate on Lake Monroe! This one owner home has been consistently maintained and improved, ideal for entertaining or relaxing on multitiered deck overlooking koi pond, lake, or surrounding gardens.Meandering paths throughout property for full enjoyment of all the gardens, or leading to dock to launch kayaks, paddle board, or to fish. Three car attached garage plus detached garage for workshop of additional parking with its own bathroom.
Glassed sunroom is usable year round and heated by auxillary heat.

Last Agent to Sell the Property

Ginny Brock

Coldwell Banker Realty License #169764 Listed on: 05/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Chris McGowan

Howard Hanna Allen Tate Charlotte South License #96372

Howard Hanna Allen Tate Charlotte South

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

  • Waterfront
  • Wooded Lot

Home Design

  • Colonial Architecture

Interior Spaces

  • Family Room with Fireplace
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Workshop in Garage
  • Side Facing Garage

Outdoor Features

  • Spa
  • Deck
  • Enclosed Glass Porch

Utilities

  • Heat Pump System
  • Geothermal Heating and Cooling
  • Septic Tank

Community Details

  • North Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 09-207-004-G

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Year Built: 1978
  • Ratio Current Price By Acre: 70715.47
  • Road Surface Type: Asphalt, Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 177.60
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Breakfast Bar, Garage Shop, Kitchen Island, Walk-In Closet(s), Walk-In Pantry
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2517
  • 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: 2269
  • Porch: Back,Deck,Glass
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Living Area: 4786
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Hot Tub
  • New Construction: No
  • Roof: Shingle
  • Tax Location: Union
  • Construction Type: Site Built
  • Water Body Name: Lake Monroe
  • Waterfront Features: Dock
  • Construction Type: Fiber Cement

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Attached Garage, Detached, Side Load Garage

Utilities

  • Heating: Geothermal, Heat Pump, Heat Pump
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Laundry Room
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: None

Schools

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

Lot Info

  • Lot Features: Lake On Property, Lake Access, Waterfront, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 09-207-004-G
  • Zoning Description: r

Tax Info

  • RATIO List Price By Tax Amount: 1.55790

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2023
Sold by
Sowden Richard G and Sowden Margaret M
Bought by
Alexander Isaac and Alexander Christine
Current Estimated Value
$877,275

Purchase Details

Listed on
May 3, 2022
Closed on
Aug 1, 2022
Sold by
Sowden Richard G and Sowden Margaret M
Bought by
Alexander Isaac and Alexander Christine
Seller's Agent
Ginny Brock
Coldwell Banker Realty
Buyer's Agent
Chris McGowan
Howard Hanna Allen Tate Charlotte South
List Price
$1,250,000
Sold Price
$850,000
Premium/Discount to List
-$400,000
-32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.70%
Original Mortgage
$620,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Alexander Isaac -- None Listed On Document
Alexander Isaac -- None Listed On Document
Alexander Isaac $850,000 Shoaf Law Firm Pa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander Isaac $620,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2022 08/01/22 Sold $850,000 -5.6% $178 / Sq Ft
05/25/2022 05/25/22 Price Changed $900,000 -7.7% $188 / Sq Ft
05/16/2022 05/16/22 Price Changed $975,000 -22.0% $204 / Sq Ft
05/03/2022 05/03/22 For Sale $1,250,000 -- $261 / 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 $4,055 $848,000 $0 $0
2024 $3,023 $473,200 $32,300 $440,900
2023 $2,947 $473,200 $32,300 $440,900
2022 $3,598 $577,700 $95,800 $481,900
2021 $3,660 $577,700 $95,800 $481,900
2020 $4,137 $522,340 $164,340 $358,000
2019 $3,927 $522,340 $164,340 $358,000
2018 $3,927 $522,340 $164,340 $358,000
2017 $4,189 $522,300 $164,300 $358,000
2016 $4,113 $522,340 $164,340 $358,000
2015 $4,166 $522,340 $164,340 $358,000
2014 $3,214 $470,240 $170,670 $299,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3846626

Canopy MLS (Canopy Realtor® Association)

APN: 09-207-004-G