NOT LISTED FOR SALE

705 Circle Trace Rd Monroe, NC 28110

Estimated Value: $581,103 - $647,000

5 Beds
2.5 Baths
3,204 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $540,000 $169 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,483/month

5 Days on Market

Highlights

  • Open Floorplan
  • Family Room with Fireplace
  • Cathedral Ceiling
  • Wesley Chapel Elementary School Rated A
  • Traditional Architecture
  • Attached Garage

About This Home

As of June 2022

Move in ready home almost new kitchen cabinets ,island with granite counters w/ gas stove.Luxury vinyl plank flooring throughout main floor. Formal dinning room and second living space for those large gathering. Family room on back of home is open to the kitchen. Sun room over looking your large flat lot with common area behind home. Upstairs master bath recently updated with one of the larger walk-in in showers his & her sinks, large walk in closet 5 bedrooms total upstairs each with ceiling fans and privacy. Owners have taken very good care of home neutral paint in most areas.
Bring your buyers owners are ready to show off their home

Last Agent to Sell the Property

Peter Hatheway

RE/MAX Executive License #216425 Listed on: 05/12/2022

RE/MAX Executive

Last Buyer's Agent

Jocelyn Marrero

EXP Realty LLC Ballantyne License #317812

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,042

Year Built

  • Built in 2003

Lot Details

  • Lot Dimensions are 81x182x80x170
  • Property is zoned R-40, R-40

HOA Fees

  • $37 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Built-In Features
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • Laminate Flooring
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Parking

  • Attached Garage
  • Driveway

Schools

  • Wesley Chapel Elementary School
  • Weddington Middle School
  • Weddington High School

Utilities

  • Central Heating
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 06-006-164

Community Details

Overview

  • Key Management Association, Phone Number (704) 321-1556
  • Potters Trace Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,042

Year Built

Built in 2003

Lot Details

0

HOA Fees

$37 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2003
  • Ratio Current Price By Acre: 1542857.14
  • Restrictions: Architectural Review,Subdivision
  • Doors and Windows: Insulated Windows,Screen Door(s)
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Flooring: Carpet, Laminate
  • Interior Amenities: Attic Stairs Pulldown, Built Ins, Cathedral Ceiling(s), Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s)
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1632
  • 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: 1572
  • Appliances: Cable Prewire, Ceiling Fan(s), Dishwasher, Disposal
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas Log
  • Living Area: 3204
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Fiberglass
  • Tax Location: Wesley Chapel
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding, Wood Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 461
  • Parking Features: Attached Garage, Driveway, Garage - 2 Car, Parking Space - 2

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: County Sewer
  • Water Heater: Gas
  • Laundry Features: Main Level, Laundry Room
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Picnic Area, Playground, Sidewalks, Walking Trails
  • Association Fee: 220
  • Association Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Key Management
  • Phone: 7043211556
  • ResoAssociationFeeFrequency: SemiAnnually

Schools

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

Lot Info

  • Lot Size Area: 0.35
  • Lot Size Units: Acres
  • Parcel Number: 06-006-164
  • Lot Size: 81x182x80x170
  • Additional Parcels Description: 06-006-164
  • Zoning Description: R-40

Tax Info

  • RATIO List Price By Tax Amount: 1.70233

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Wesley Chapel
  • High School: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jun 13, 2022
Sold by
Arthur-Wong Mairym N and Arthur-Wong Nikolas M
Bought by
Luttrell John and Luttrell Angelique
Seller's Agent
Peter Hatheway
RE/MAX Executive
Buyer's Agent
Jocelyn Marrero
EXP Realty LLC Ballantyne
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%
Current Estimated Value
$618,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,026
Avg. Annual Appreciation
4.17%
Original Mortgage
$513,000
Outstanding Balance
$487,392
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$130,634

Purchase Details

Closed on
Jan 21, 2011
Sold by
Potters Trace Owners Association Inc
Bought by
Arthur Wong Nikolas M and Arthur Wong Mairym

Purchase Details

Closed on
Dec 5, 2003
Sold by
Nvr Inc
Bought by
Arthur Wong Nikolas M and Arthur Wong Mairym N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,128
Interest Rate
5.25%
Mortgage Type
Unknown
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
Luttrell John $540,000 Soto Claudia
Luttrell John $540,000 Soto Claudia
Arthur Wong Nikolas M $500 None Available
Arthur Wong Nikolas M $238,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luttrell John $513,000
Closed Luttrell John $513,000
Previous Owner Arthur Wong Nikolas M $214,128
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $540,000 +2.9% $169 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $525,000 -- $164 / 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 $2,042 $316,900 $56,600 $260,300
2023 $1,969 $308,400 $56,600 $251,800
2022 $1,969 $308,400 $56,600 $251,800
2021 $1,965 $308,400 $56,600 $251,800
2020 $1,742 $221,400 $33,500 $187,900
2019 $1,733 $221,400 $33,500 $187,900
2018 $1,733 $221,400 $33,500 $187,900
2017 $1,831 $221,400 $33,500 $187,900
2016 $1,798 $221,400 $33,500 $187,900
2015 $1,818 $221,400 $33,500 $187,900
2014 $1,809 $257,210 $50,000 $207,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3845846

Canopy MLS (Canopy Realtor® Association)

APN: 06-006-164