NOT LISTED FOR SALE

7296 Albemarle Dr Denver, NC 28037

Estimated Value: $759,351 - $860,000

5 Beds
4.5 Baths
4,382 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $705,000 $161 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,614/month

8 Days on Market

Highlights

  • Open Floorplan
  • Clubhouse
  • Mud Room
  • Rock Springs Elementary School Rated A
  • Wood Flooring
  • Community Pool

About This Home

As of September 2023

Expansive 5 bedroom home on premium level lot in Covington. Great open floor plan with office and guest suite on main floor. Kitchen includes large island, walk-in pantry, double oven and gas cooktop. Primary suite has sitting area, walk in closet and spa like bathroom with large shower and tub. Bonus room could be used as 6th bedroom. Fresh neutral paint throughout home. Large covered patio overlooks the private backyard. Plenty of room for a pool! 3 car garage and abundant room for storage throughout the home. Excellent Denver schools and low Lincoln County taxes!

Last Agent to Sell the Property

Courtney Defruscio

Bespoke Realty Brokerage Email: BespokeRealtyNC@gmail.com License #274544 Listed on: 07/21/2023

Co-Listed By

Andrew DeFruscio

Bespoke Realty Brokerage Email: BespokeRealtyNC@gmail.com License #273010

Last Buyer's Agent

Kaila Lindsey

EXP Realty LLC Ballantyne License #285764

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,398

Year Built

  • Built in 2018

Lot Details

  • Back Yard Fenced
  • Level Lot
  • Irrigation
  • Property is zoned PD-R

HOA Fees

  • $64 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Slab Foundation
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Fireplace
  • Mud Room
  • Entrance Foyer

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on upper level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Rock Springs Elementary School
  • North Lincoln Middle School
  • North Lincoln High School

Utilities

  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 93552

Community Details

Overview

  • Cedar Management Association, Phone Number (704) 644-8808
  • Covington At Lake Norman Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,398

Year Built

Built in 2018

Lot Details

0

HOA Fees

$64 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2018
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 160.89
  • Geocode Confidence: High
  • Attribution Contact: BespokeRealtyNC@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Cable Prewire, Drop Zone, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1880
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 2502
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Cooktop, Microwave
  • Above Grade Finished Sq Ft: 4382
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Living Area: 4382
  • Bedroom Main: 1
  • Room Count: 4

Exterior Features

  • Exterior Features: In-Ground Irrigation
  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • Construction Type: Fiber Cement, Stone Veneer
  • Patio And Porch Features: Covered, Patio, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 701
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage, Garage Door Opener, Garage Faces Front

Utilities

  • Heating: Heat Pump
  • Sewer: County Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Upper Level, Washer Hookup
  • Cooling: Heat Pump
  • Utilities: Cable Available, Gas, Underground Power Lines
  • Water Source: County Water

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground
  • Association Fee: 192.5
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Cedar Management
  • Phone: 704-644-8808
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Annual Expense: 770.00

Schools

  • Middle Or Junior School: North Lincoln
  • HOA Subject To: Required

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.44
  • Lot Size Units: Acres
  • Parcel Number: 93552
  • Development Status: Completed
  • ResoLotSizeUnits: Acres
  • Zoning Specification: PD-R

MLS Schools

  • Elementary School: Rock Springs
  • High School: North Lincoln

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Sep 11, 2023
Sold by
Leborgne Thomas
Bought by
Peterson John Eric and Peterson Lindsay Nicole
Seller's Agent
Courtney Defruscio
Bespoke Realty
Buyer's Agent
Kaila Lindsey
EXP Realty LLC Ballantyne
List Price
$700,000
Sold Price
$705,000
Premium/Discount to List
$5,000
0.71%
Views
29
Current Estimated Value
$791,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,338
Avg. Annual Appreciation
5.60%
Original Mortgage
$564,000
Outstanding Balance
$551,698
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$239,640

Purchase Details

Closed on
Jul 24, 2018
Sold by
D R Horton Inc
Bought by
Leborgne Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,512
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2018
Sold by
Vjk Development Group Llc
Bought by
D R Horton Inc
Source: Public Records

Range of Values:

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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
Peterson John Eric -- Chicago Title
Leborgne Thomas $432,000 None Available
D R Horton Inc $422,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson John Eric $564,000
Previous Owner Leborgne Thomas $409,512
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2023 09/11/23 Sold $705,000 +0.7% $161 / Sq Ft
07/30/2023 07/30/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $700,000 -- $160 / 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 $4,398 $703,798 $82,000 $621,798
2024 $4,364 $703,798 $82,000 $621,798
2023 $4,359 $703,798 $82,000 $621,798
2022 $3,471 $452,961 $62,000 $390,961
2021 $3,440 $452,961 $62,000 $390,961
2020 $3,234 $452,961 $62,000 $390,961
2019 $3,177 $444,897 $62,000 $382,897
2018 $309 $42,500 $42,500 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4049707

Canopy MLS (Canopy Realtor® Association)

APN: 93552