NOT LISTED FOR SALE

7432 Albemarle Dr Denver, NC 28037

Estimated Value: $774,000 - $866,000

5 Beds
4 Baths
4,202 Sq Ft
$198/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $462,000 $110 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,807/month

17 Days on Market

Highlights

  • Clubhouse
  • Transitional Architecture
  • Community Pool
  • Rock Springs Elementary School Rated A-
  • Wood Flooring
  • Fireplace

About This Home

As of September 2019

This is the model home in Covington Estates at Lake Norman. It is the Eleanore Plan with 5 bedroom including the Master with a sitting room (upper Level) and a guest bedroom with full bath on the main level, Upgrades include 5" Hardwoods, level 3 granite, covered back patio, Grand 2 story foyer entrance and built in gas grille in the back yard.

Last Agent to Sell the Property

Henry Leston

DR Horton Inc License #205932 Listed on: 07/11/2019

DR Horton Inc

Last Buyer's Agent

Greg Martin

MartinGroup Properties Inc License #175016

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • Lot Dimensions are 93 x 200 87 x 200
  • Level Lot
  • Irrigation

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2

Home Design

  • Transitional Architecture
  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Full Bathrooms
  • Garden Bath

Outdoor Features

  • Outdoor Gas Grill

Listing and Financial Details

  • Assessor Parcel Number 92401

Community Details

Overview

  • Cedar Management Group Association, Phone Number (704) 644-8808
  • Built by DR Horton

Amenities

  • Clubhouse

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0.41 Acres

HOA Fees

$58 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98697
  • Ratio Close Price By Original Li: 0.98697
  • Ratio Current Price By Acre: 1118644.07
  • Ratio Current Price By Sq Ft: 109.95
  • Year Built: 2016
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Slab
  • Upper Level Sq Ft: 2242
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 5
  • Equipment: Cable Prewire, CO Detector, Dishwasher, Disposal, Double Oven, Electric Dryer Hookup, Grilltop, Microwave
  • Fireplace Description: Living Room, Primary Bedroom
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • H O A Management Phone: 704-644-8808
  • Interior Amenities: Attic Stairs Pulldown, Garden Tub, Kitchen Island, Pantry
  • Laundry Location: Upper
  • Room Count: 2
  • Main Level Sq Ft: 1960
  • Total Sq Ft: 4202
  • Sq Ft Unheated Main: 458
  • Sq Ft Unheated Total: 458

Exterior Features

  • Construction: Hardboard Siding, Stone Veneer
  • Construction Type: Site Built
  • Exterior Features: In-Ground Gas Grill, In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Garage - 2 Car

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Club House, Playground, Outdoor Pool
  • Association Fee: 175.00
  • Association Fee Frequency: Quarterly
  • HOA Management Company: Cedar Management Group
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 93 x 200 87 x 200
  • Lot Features: Level
  • Parcel Number: 92401
  • Plat Book Slide: 16-320
  • Zoning Specification: PD-R CU

Building Info

  • Builder Name: DR Horton

Tax Info

  • Tax Location: Denver

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Sep 20, 2019
Sold by
D R Horton Inc
Bought by
Stover Scot W and Stover Shelley M
Seller's Agent
Henry Leston
DR Horton Inc
Buyer's Agent
Greg Martin
MartinGroup Properties Inc
List Price
$468,100
Sold Price
$462,000
Premium/Discount to List
-$6,100
-1.3%
Current Estimated Value
$833,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,216
Avg. Annual Appreciation
9.56%
Original Mortgage
$369,600
Outstanding Balance
$323,741
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$509,475

Purchase Details

Closed on
Feb 24, 2016
Sold by
Vjk Development Group Llc
Bought by
Dr Horton Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stover Scot W $462,000 Dhi Title
Dr Horton Inc $650,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stover Scot W $369,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2019 09/30/19 Sold $462,000 -1.3% $110 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $468,100 -- $111 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,952 $795,398 $82,000 $713,398
2024 $4,916 $795,398 $82,000 $713,398
2023 $4,911 $795,398 $82,000 $713,398
2022 $3,988 $533,283 $62,000 $471,283
2021 $3,676 $485,096 $62,000 $423,096
2020 $3,464 $485,096 $62,000 $423,096
2019 $3,464 $485,096 $62,000 $423,096
2018 $3,038 $404,494 $51,000 $353,494
2017 $2,937 $404,494 $51,000 $353,494
2016 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3528537

Canopy MLS (Canopy Realtor® Association)

APN: 92401

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