NOT LISTED FOR SALE

7028 Willow Trace Ln Matthews, NC 28104

Estimated Value: $2,762,789 - $3,357,000

6 Beds
8 Baths
8,852 Sq Ft
$340/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $1,970,000 $223 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $17,077/month

9 Days on Market

Highlights

  • In Ground Pool
  • Private Lot
  • Outdoor Fireplace
  • Antioch Elementary School Rated A
  • Pond
  • Wood Flooring

About This Home

As of July 2020

Timeless Elegance & exquisite craftsmanship awaits on this custom home with striking street presence, located on a private cul-de-sac in Highgate. Warm, inviting open floorplan filled with Travertine, marble, Brazilian Walnut hardwoods, custom cabinetry, extensive millwork & stone accents throughout. Formal and casual dining and living spaces abound! Fabulous Chef’s kitchen with huge gathering island- opens to hearthroom & breakfast area. Master suite on main w/NEW Spa bath. Lower level is an entertainers paradise - Billiards, Theater, Bar & guest suite. Two levels of covered & open Verandas extend to the paver patio, pool, hotub & outdoor Fireplace. Upstairs are 4 more bedrooms each w/ensuite bathrooms, Office, and gym! 4-car garage with circular drive- side vestibule enters the amazing mudroom/dropzone for family organization. The outdoor grounds are stunning with multi-seasonal plantings. This outstanding residence is designed for both personal relaxation & vibrant entertaining!

Last Agent to Sell the Property

Christine Hotham

Helen Adams Realty License #276624 Listed on: 06/05/2020

Helen Adams Realty

Last Buyer's Agent

Samuel Grogan

Coldwell Banker Realty License #190359

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • Private Lot
  • Level Lot
  • Irrigation
  • Many Trees

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • Attached Garage
  • Circular Driveway

Interior Spaces

  • Fireplace
  • Mud Room
  • Attic

Kitchen

  • Breakfast Bar
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • In Ground Pool
  • Pond
  • Outdoor Fireplace

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06-174-125

Community Details

Overview

  • First Services Residenital Association, Phone Number (704) 527-2314

Recreation

  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$79 per month

Parking

4

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Ratio Close Price By List Price: 0.96098
  • Ratio Close Price By Original Li: 0.96098
  • Ratio Current Price By Acre: 2102454.64
  • Ratio Current Price By Sq Ft: 222.55
  • Year Built: 2004
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement
  • Upper Level Sq Ft: 3284
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Total Bathrooms: 8.00
  • Total Bedrooms: 6
  • Equipment: Cable Prewire, Ceiling Fan(s), Central Vacuum, Convection Oven, Cooktop Gas, Dishwasher, Disposal, Double Oven, Microwave
  • Fireplace Description: FAMILYRM, Great Room
  • Fireplace: Yes
  • Fixture Exception Description: Mounted TV's, car lift in garage
  • Fixture Exception Yn: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-527-2314
  • Interior Amenities: Attic Walk-in, Breakfast Bar, Built-Ins, Cable Available, Drop Zone, Kitchen Island, Pantry, Vaulted Ceiling, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Main
  • Room Count: 3
  • Sq Ft Basement: 2353
  • Main Level Sq Ft: 3215
  • Total Sq Ft: 8852
  • Sq Ft Unheated Basement: 806
  • Sq Ft Unheated Total: 1006
  • Sq Ft Unheated Upper: 200

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Irrigation, Outdoor Fireplace, Pool-In-Ground

Garage/Parking

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

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: County Sewer
  • Water: County Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: Pond, Street Lights, Walking Trails
  • Association Fee: 950.00
  • Association Fee Frequency: Annually
  • HOA Management Company: First Services Residenital
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Antioch
  • Middle School: Weddington
  • High School: Weddington

Lot Info

  • Lot Dimension: 411x240x203x60x60
  • Lot Features: Cul-de-sac Lot, Level, Private, Trees
  • Lot Size Area: 0.937
  • Parcel Number: 06-174-125
  • Plat Reference Section Pages: 751
  • Zoning Specification: R-40 Wed

Tax Info

  • Tax Value: 1383800.00
  • Tax Location: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Jul 27, 2020
Sold by
Zillsch James R and Zillsch Janice E
Bought by
Bancroft Philip Jonathan and Bancroft Blaire Jenkins
Seller's Agent
Christine Hotham
Helen Adams Realty
Buyer's Agent
Samuel Grogan
Coldwell Banker Realty
List Price
$2,050,000
Sold Price
$1,970,000
Premium/Discount to List
-$80,000
-3.9%
Current Estimated Value
$3,010,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,040,197
Avg. Annual Appreciation
8.46%

Purchase Details

Closed on
Dec 8, 2004
Sold by
Kumar Pavan and Kumar Kokila
Bought by
Zilisch James R and Zilisch Janice E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 3, 2004
Sold by
First Group Properties Inc
Bought by
Kumar Pavan and Kumar Kokila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 4, 2004
Sold by
Kumar Pavan and Kumar Kokila
Bought by
First Group Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 16, 2002
Sold by
Harrington Dowd Realty Company
Bought by
Kokula Kumar Pavan and Kokula Kumar
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
Bancroft Philip Jonathan $1,970,000 Millennial Title Partners
Zilisch James R $1,213,000 Chicago Title Insurance Comp
Kumar Pavan -- --
First Group Properties Inc -- --
Kokula Kumar Pavan $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zilisch James R $650,000
Closed Zilisch James R $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2020 07/27/20 Sold $1,970,000 -3.9% $223 / Sq Ft
06/14/2020 06/14/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $2,050,000 -- $232 / 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 $12,458 $1,868,000 $268,700 $1,599,300
2023 $11,824 $1,868,000 $268,700 $1,599,300
2022 $11,880 $1,868,000 $268,700 $1,599,300
2021 $11,880 $1,868,000 $268,700 $1,599,300
2020 $10,114 $1,383,810 $211,610 $1,172,200
2019 $10,834 $1,383,810 $211,610 $1,172,200
2018 $10,114 $1,383,810 $211,610 $1,172,200
2017 $10,807 $1,383,800 $211,600 $1,172,200
2016 $11,326 $1,383,810 $211,610 $1,172,200
2015 $10,745 $1,383,810 $211,610 $1,172,200
2014 $9,708 $1,444,860 $230,000 $1,214,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3624712

Canopy MLS (Canopy Realtor® Association)

APN: 06-174-125