NOT LISTED FOR SALE

720 Eastway St Davidson, NC 28036

Estimated Value: $1,323,000 - $2,711,000

0.65 Acre
$3,456,794 Price per Acre
28,314 Sq Ft Lot

Sale Details

Date Sold: June 10, 2022

Last sale price $1,015,000

Est. 121% increase in value since last sale

Current estimated payment $12,728 / mo

3 Days on Market

Highlights

  • Wooded Lot
  • High Speed Internet
  • Paved or Partially Paved Lot
  • Davidson Elementary School Rated A-

About This Lot

As of June 2022

Hard to find subdividable property in the Davidson Village Infill area. This level .64 acre parcel currently features a ranch duplex built in 1986. The interior of the property is in poor condition & it is being sold "as is." The property could be used for an upgraded duplex (units A&B each measuring just under 900 square feet); for a larger home on a level lot in the Village Infill; or be subdivided into two .32 acre parcels w/ just under 70 linear road footage for each property. Subdivision of the parcel & subsequent tear down of the duplex will require plan approval of the Town Planning Department. A single family residence in the Village Infill Yellow Overlay District would allow for a single residence of roughly 4180 heated square feet. Two single family homes on individual .32 acre parcels would allow approximately 3,539 heated square feet for each dwelling. Basement square footage nor detached garages are counted toward the FAR compilation. Please see docs in the attachments.

Last Agent to Sell the Property

Mary Lib Richards

Keller Williams Lake Norman License #246140 Listed on: 05/13/2022

Keller Williams Lake Norman

Last Buyer's Agent

Michael Orlando

TSG Residential License #236972

Property Details

Property Type

  • Land

Lot Details

  • Lot Dimensions are 137x272x73x237
  • Infill Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Wooded Lot
  • Possible uses of the property include Multi-Family, Residential, Subdevelopment
  • Zoning described as VIP

Schools

  • Davidson K-8 Elementary And Middle School
  • William Amos Hough High School

Utilities

  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 007-025-02

Property Details

Property Type

Land

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: Yes
  • Ratio Current Price By Acre: 1585937.50
  • Restrictions: Architectural Review,Square Feet
  • Proposed Special Assessment Yn: 0
  • Restrictions Description: Town Of Davidson Village Infill
  • Additional Information: Other
  • Road Frontage Type: City Street, Paved Road
  • Road Surface Type: Paved
  • Structure Type: Lot
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Multi-Family, Residential, Subdevelopment

Exterior Features

  • Exterior Features: Satellite Internet Available, Wired Internet Available
  • Tax Location: Davidson
  • Construction Type: Site Built
  • Wooded Acres: 0.24

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Telephone On-Site
  • Water Source: Public

Schools

  • Middle Or Junior School: Davidson K-8
  • HOA Subject To: None

Lot Info

  • Lot Features: Infill Lot, Level, Paved, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 007-025-02
  • Out Buildings Yn: 0
  • Can Be Subdivided: 1
  • Cleared Acres: 0.40
  • Lot Size: 137x272x73x237
  • Zoning Description: VIP

Tax Info

  • RATIO List Price By Tax Amount: 1.62835

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Davidson K-8
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 1983
Bought by
Couch Thomas W B
Current Estimated Value
$2,246,916
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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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
Couch Thomas W B $10,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2022 06/10/22 Sold $1,015,000 +19.4% --
05/16/2022 05/16/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $850,000 -- --
Source: Canopy MLS

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 $9,792 $1,560,000 $368,500 $1,191,500
2024 $9,792 $1,293,900 $368,500 $925,400
2023 $5,148 $684,500 $368,500 $316,000
2022 $4,996 $522,000 $360,000 $162,000
2021 $5,215 $522,000 $360,000 $162,000
2020 $5,215 $522,000 $360,000 $162,000
2019 $5,203 $522,000 $360,000 $162,000
2018 $4,304 $327,900 $216,000 $111,900
2017 $4,272 $327,900 $216,000 $111,900
2016 $4,265 $327,900 $216,000 $111,900
2015 $4,258 $327,900 $216,000 $111,900
2014 $4,254 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 3856204

Canopy MLS

APN: 007-025-02

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