NOT LISTED FOR SALE

725 Spring St Davidson, NC 28036

Estimated Value: $2,066,000 - $2,843,000

5 Beds
4.5 Baths
4,706 Sq Ft
$496/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $1,185,000 $252 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $13,290/month

98 Days on Market

Highlights

  • Spa
  • Open Floorplan
  • Wood Flooring
  • Davidson Elementary School Rated A-
  • Outdoor Fireplace
  • Attic

About This Home

As of November 2018

One of the finest examples of Greek Revival architecture in the Lake Norman area just blocks from historic downtown Davidson and the Davidson College campus. This hand-crafted 5 bedroom, 4.5 bath home was built by premier builder CM Knight Fine Homes whose thoughtful details created the character of a 100 year old house while having the conveniences and low maintenance of modern construction. This house warmly welcomes guests with multiple gathering spots for conversations, an open gourmet kitchen and ample room for a large celebration. The outdoor fireplace and patio add another wonderful gathering spot. Don't miss the elevator that transports you from the basement garage, recreation room and guest suite to the main level of the house. With approx. 2000 SQ' of covered porches, this house offers an incredible indoor / outdoor living experience. House sits on a 0.256 acre lot.

Last Agent to Sell the Property

Mike Kessler

TSG Residential License #214998 Listed on: 02/15/2018

Last Buyer's Agent

Jennifer Rolles

Lake Norman Realty, Inc. License #207577

Lake Norman Realty, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2009

Lot Details

  • 0.25

Parking

  • 2

Home Design

  • Slab Foundation
  • Spray Foam Insulation

Interior Spaces

  • Elevator
  • Open Floorplan
  • Gas Log Fireplace
  • Insulated Windows
  • Laundry Chute
  • Attic

Kitchen

  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Spa
  • Outdoor Fireplace

Additional Features

  • Irrigation
  • Heating System Uses Natural Gas

Community Details

  • Built by CM Knight Fine Homes

Listing and Financial Details

  • Assessor Parcel Number 007-014-12

Home Details

Home Type

Single Family

Year Built

Built in 2009

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story/Basement
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.94876
  • Ratio Close Price By Original Li: 0.94876
  • Ratio Current Price By Acre: 4628906.25
  • Ratio Current Price By Sq Ft: 251.81
  • Year Built: 2009
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Basement Garage Door, Basement Inside Entrance, Basement Outside Entrance, Basement Partially Finished, Concrete, Slab
  • Upper Level Sq Ft: 1183
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5.00
  • Total Bedrooms: 5
  • Doors and Windows: Insulated Windows
  • Equipment: Ceiling Fan(s), CO Detector, Convection Oven, Cable Prewire, Exhaust Fan, Gas Range, Ice Maker Connection, Microwave, Natural Gas, Gas Oven
  • Fireplace Description: FAMILYRM, Gas Logs, Living Room, Natural Gas
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk-in, Elevator, Hot Tub, Kitchen Island, Laundry Chute, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Basement
  • Room Count: 3
  • Sq Ft Basement: 1252
  • Main Level Sq Ft: 2271
  • Total Sq Ft: 4706
  • Sq Ft Unheated Basement: 1325
  • Sq Ft Unheated Total: 1325

Exterior Features

  • Construction: Fiber Cement, Wood
  • Construction Type: Site Built
  • Exterior Features: Hot Tub, In-Ground Irrigation, Outdoor Fireplace
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Basement, Garage - 2 Car, Garage Door Opener, Side Load Garage

Utilities

  • Green Building Features: g-Engineered Wood Products, g-Spray Foam Insulation
  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat, Natural Gas
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Lot Info

  • Lot Dimension: 75 x 149
  • Parcel Number: 007-014-12
  • Plat Book Slide: 42/265
  • Plat Reference Section Pages: 295
  • Zoning Specification: VIP

Building Info

  • Builder Name: CM Knight Fine Homes

Tax Info

  • Tax Value: 780200.00
  • Tax Location: Davidson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2018
Closed on
Nov 15, 2018
Sold by
Rubens Burry R and Rubens Sara E
Bought by
Miller Thomas A and Miller Kimberly A
Seller's Agent
Mike Kessler
TSG Residential
Buyer's Agent
Jennifer Rolles
Lake Norman Realty, Inc.
List Price
$1,249,000
Sold Price
$1,185,000
Premium/Discount to List
-$64,000
-5.12%
Current Estimated Value
$2,352,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,167,367
Avg. Annual Appreciation
10.02%
Original Mortgage
$300,000
Outstanding Balance
$189,505
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$2,146,342

Purchase Details

Closed on
Jan 4, 2008
Sold by
Royal Building Co Llc
Bought by
Rubens Barry R and Rubens Sara E

Purchase Details

Closed on
Nov 28, 2007
Sold by
Royal Building Co Llc
Bought by
Freeney Stephen P and Freeney Karri

Purchase Details

Closed on
May 26, 2005
Sold by
Kidd Judith B
Bought by
Studdard Kenneth R and Studdard Marianne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,200
Interest Rate
5.8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 10, 2002
Sold by
Kidd Gregory S and Kidd Judith B
Bought by
Kidd Judith B
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
Miller Thomas A $1,185,000 None Available
Rubens Barry R $170,000 None Available
Freeney Stephen P $165,000 None Available
Royal Building Co Llc -- None Available
Studdard Kenneth R $274,000 --
Kidd Judith B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Thomas A $300,000
Previous Owner Studdard Kenneth R $219,200
Closed Studdard Kenneth R $54,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2018 11/15/18 Sold $1,185,000 -5.1% $252 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $1,249,000 -- $265 / 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 $11,582 $1,539,500 $361,800 $1,177,700
2024 $11,582 $1,539,500 $361,800 $1,177,700
2023 $11,423 $1,539,500 $361,800 $1,177,700
2022 $10,637 $1,125,100 $300,000 $825,100
2021 $10,444 $1,125,100 $300,000 $825,100
2020 $10,444 $1,125,100 $300,000 $825,100
2019 $10,438 $1,125,100 $300,000 $825,100
2018 $9,382 $780,200 $168,000 $612,200
2017 $9,320 $780,200 $168,000 $612,200
2016 $9,316 $780,200 $168,000 $612,200
2015 $9,313 $780,200 $168,000 $612,200
2014 $9,311 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3360922

Canopy MLS (Canopy Realtor® Association)

APN: 007-014-12