NOT LISTED FOR SALE

3229 Elmwood Dr Monroe, NC 28110

Estimated Value: $551,534 - $652,000

5 Beds
3 Baths
3,016 Sq Ft
$200/Sq Ft Est. Value

Last Sold March 30, 2020

Last sale price $365,000 $121 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,614/month

31 Days on Market

Highlights

  • Under Construction
  • Transitional Architecture
  • Community Pool
  • Wesley Chapel Elementary School Rated A
  • Engineered Wood Flooring
  • Front Porch

About This Home

As of March 2020

Brand NEW energy-efficient home ready NOW! The Jackson’s impressive two-story foyer gives way to the gourmet kitchen and open-concept living area. Two flex spaces on the main level, plus a large loft upstairs, allow you to customize the layout to fit your needs. Washer, dryer, blinds, and refrigerator included. Private community amenities include a resort-style swimming pool with cabana & playground. Known for their energy-efficient features, our homes help you live a healthier and quieter lifestyle while saving thousands of dollars on utility bills.

Last Listed By

Jimmy McClurg

Meritage Homes of the Carolinas Brokerage Email: contact.charlotte@meritagehomes.com License #263639 Listed on: 11/01/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,371

Year Built

  • Built in 2019 | Under Construction

Lot Details

  • 0.25 Acre Lot

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Advanced Framing
  • Spray Foam Insulation
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Family Room with Fireplace
  • Engineered Wood Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Eco-Friendly Details

  • No or Low VOC Paint or Finish
  • Fresh Air Ventilation System

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Wesley Chapel Elementary School
  • Weddington Middle School
  • Weddington High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 06-003-263

Community Details

Overview

  • Kuester Management Association, Phone Number (704) 552-1008
  • Built by Meritage Homes
  • Ellington Downs Subdivision, Jackson Floorplan
  • Mandatory home owners association

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,371

Year Built

Built in 2019 | Under Construction

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Transitional
  • Year Built: 2019
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Proposed Completion Date: 2020-01-20
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 121.02
  • Attribution Contact: contact.charlotte@meritagehomes.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Interior Amenities: Attic Stairs Pulldown, Cable Prewire, Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 3016
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 434
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 434
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Water Heater, Gas Oven, Gas Range
  • Above Grade Finished Sq Ft: 3016
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Family Room, Gas Log
  • Living Area: 3016
  • Bedroom Main: 1
  • Room Count: 9

Exterior Features

  • Exterior Features: Other - See Remarks
  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Garage

Utilities

  • Heating: Forced Air, Fresh Air Ventilation, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Upper Level
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Central Air
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Outdoor Pool, Playground, Sidewalks
  • Association Fee: 189
  • Association Fee Frequency: Quarterly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Kuester Management
  • Phone: 704-552-1008
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Middle Or Junior School: Weddington
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.252
  • Lot Size Units: Acres
  • Parcel Number: 06-003-263
  • Development Status: Under Construction
  • Lot Size Acres: 0.252
  • Lot Size Sq Ft: 10977
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Sustainability: Advanced Framing, Engineered Wood Products, Low VOC Coatings, Spray Foam Insulation

Building Info

  • Builder Name: Meritage Homes

MLS Schools

  • Elementary School: Wesley Chapel
  • High School: Weddington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2023
Sold by
Shanmuganathan Shan R and Shanmuganathan Komala
Bought by
Shanmuganathan Family Trust and Shanmuganathan
Total Days on Market
31
Current Estimated Value
$601,767

Purchase Details

Listed on
Nov 1, 2019
Closed on
Mar 30, 2020
Sold by
Meritage Homes Of The Carolinas Inc
Bought by
Shanmuganathan Shan R and Shanmuganathan Komala
Seller's Agent
Jimmy McClurg
Meritage Homes of the Carolinas
Buyer's Agent
Tess Dalsing
Carolina Living Associates LLC
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$292,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2019
Sold by
Mrec Wedimngton Creek Llc
Bought by
Meritage Homes Of The Carolina Inc

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
Shanmuganathan Family Trust -- None Listed On Document
Shanmuganathan Shan R $345,000 None Available
Meritage Homes Of The Carolina Inc $428,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shanmuganathan Shan R $75,000
Previous Owner Shanmuganathan Shan R $287,000
Previous Owner Shanmuganathan Shan R $292,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2020 03/30/20 Sold $365,000 -3.9% $121 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
11/01/2019 11/01/19 For Sale $379,900 -- $126 / 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 $2,371 $377,600 $87,000 $290,600
2023 $2,362 $377,600 $87,000 $290,600
2022 $2,362 $377,600 $87,000 $290,600
2021 $2,352 $376,800 $87,000 $289,800
2020 $398 $52,000 $52,000 $0
2019 $398 $52,000 $52,000 $0
2018 $398 $52,000 $52,000 $0
2017 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3565495

Canopy MLS (Canopy Realtor® Association)

APN: 06-003-263