NOT LISTED FOR SALE

8906 New Town Rd Unit 1 Waxhaw, NC 28173

Estimated Value: $880,000 - $885,727

4 Beds
3.5 Baths
4,617 Sq Ft
$191/Sq Ft Est. Value

Last Sold July 06, 2023

Last sale price $825,650 $179 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,146/month

195 Days on Market

Highlights

  • New Construction
  • Open Floorplan
  • Mud Room
  • Marvin Elementary School Rated A
  • Traditional Architecture
  • 3-minute walk to Marvin Efird Park

About This Home

As of July 2023

Welcome to Marvil Villas! Beautiful, NEW CONSTRUCTION homes with NO HOA! LARGE, MODERN, OPEN FLOOR PLANS on 1 acre lots. Located across the street from beautiful Marvin Efird Park. This home offers stunning kitchen with white cabinetry, quartz countertops, beveled subway tile backsplash, and large island. Fabulous lighting throughout home. Owners suite has 2 substantial walk-in closets, gorgeous white/grey tiled bathroom with double sinks. Tremendois amount of storage in theses beautiful homes! Drop zone off garage entry by powder room and built-in desk. NEWEST community of 5 homes available in Marvin, TOP Rated school district, and VERY LOW TAXES. Trees were planted along fence, re-seeding and grading still to be done.

Last Listed By

Marci Kahan

EXP Realty LLC Brokerage Email: marcibkahan@gmail.com License #276983 Listed on: 10/10/2022

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,532

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.98 Acre Lot
  • Level Lot
  • Cleared Lot

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Crawl Space
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Self-Cleaning Convection Oven
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Schools

  • Marvin Elementary School
  • Marvin Ridge Middle School
  • Marvin Ridge High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Built by Schumacher
  • Marvin Villas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06-183-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,532

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2022
  • Restrictions: No Restrictions,Subdivision
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 178.83
  • Attribution Contact: marcibkahan@gmail.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Crawl Space, Other - See Remarks
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Attic Stairs Pulldown, Drop Zone, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2438
  • 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: 2179
  • Appliances: Convection Oven, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Exhaust Hood, Microwave, Oven, Self Cleaning Oven
  • Above Grade Finished Sq Ft: 4617
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Insulated Door(s)
  • Living Area: 4617
  • Window Features: Insulated Window(s)
  • Bedroom Main: 0
  • Room Count: 17
  • Sq Ft Other: 0

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 838
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Heat Pump, Zoned
  • Sewer: Septic Installed
  • Laundry Features: Mud Room, Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Heat Pump, Zoned
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Marvin Ridge
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Area: 0.98
  • Lot Size Units: Acres
  • Parcel Number: 06-183-001
  • Development Status: Completed
  • Lot Size Acres: 0.98
  • Lot Size Sq Ft: 42688
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Building Info

  • Builder Name: Schumacher

MLS Schools

  • Elementary School: Marvin
  • High School: Marvin Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Jul 5, 2023
Sold by
Good As New Ventures Llc
Bought by
Muduganti Shivani and Samala Srikanth Reddy
Seller's Agent
Marci Kahan
EXP Realty LLC
Buyer's Agent
Manjesh Gorajala
NorthGroup Real Estate LLC
List Price
$925,000
Sold Price
$825,650
Premium/Discount to List
-$99,350
-10.74%
Total Days on Market
195
Views
182
Current Estimated Value
$882,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,214
Avg. Annual Appreciation
3.71%
Original Mortgage
$660,520
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2022
Closed on
Jun 9, 2023
Sold by
Tomchin R Gregory
Bought by
Good As New Ventures Llc
Seller's Agent
Marci Kahan
EXP Realty LLC
Buyer's Agent
Manjesh Gorajala
NorthGroup Real Estate LLC
List Price
$925,000
Sold Price
$825,650
Premium/Discount to List
-$99,350
-10.74%
Views
182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,520
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2021
Sold by
Cottage Legacy Llc
Bought by
Marvin Villas Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,637,395
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2013
Sold by
Whitaker Deborah Joyce
Bought by
Cottage Legacy Llc

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
Muduganti Shivani $830,000 None Listed On Document
Good As New Ventures Llc $3,000,000 None Listed On Document
Marvin Villas Llc $425,000 None Available
Cottage Legacy Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muduganti Shivani $654,900
Closed Muduganti Shivani $660,520
Previous Owner Marvin Villas Llc $4,065,000
Previous Owner Marvin Villas Llc $115,000
Previous Owner Marvin Villas Llc $2,637,395
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $825,650 -6.1% $179 / Sq Ft
04/02/2023 04/02/23 Price Changed $879,000 -5.0% $190 / Sq Ft
03/29/2023 03/29/23 For Sale $925,000 +12.0% $200 / Sq Ft
03/28/2023 03/28/23 Off Market $825,650 -- --
03/16/2023 03/16/23 Price Changed $925,000 -5.5% $200 / Sq Ft
10/10/2022 10/10/22 For Sale $979,000 -- $212 / 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 $5,532 $746,200 $96,200 $650,000
2023 $5,115 $746,200 $96,200 $650,000
2022 $602 $96,200 $96,200 $0
2021 $1,601 $256,500 $256,500 $0
2020 $0 $217,870 $217,870 $0
2019 $1,670 $217,870 $217,870 $0
2018 $1,670 $217,870 $217,870 $0
2017 $1,766 $217,900 $217,900 $0
2016 $1,734 $217,870 $217,870 $0
2015 $1,753 $217,870 $217,870 $0
2014 -- $423,000 $423,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3912247

Canopy MLS (Canopy Realtor® Association)

APN: 06-183-001