1725 Margaret Ridge Drive

1725 Margaret Ridge Drive

$2,363,397 (our value guesstimate)

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Matthews, NC 28105 ▪ (MLS # 3469610)

3-car garage ▪ Built: 2018 ▪ Primary on Main

5 bed ▪ 4 full & 3 half bath ▪ 5,898 Sq Ft

Sold for $1,720,638 on Feb 13, 2020

1725 Margaret Ridge Drive

$2,363,397 (our value guesstimate)

Matthews, NC 28105 ▪ (MLS # 3469610)

3-car garage ▪ Built: 2018 ▪ Primary on Main

5 bed ▪ 4 full & 3 half bath ▪ 5,898 Sq Ft

Sold for $1,720,638 on Feb 13, 2020

SOLD FEB 13, 2020

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SOLD FEB 13, 2020

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SOLD FEB 13, 2020

1 of 9

SOLD FEB 13, 2020

1 of 9

SOLD FEB 13, 2020

1 of 9

SOLD FEB 13, 2020

1 of 9

SOLD FEB 13, 2020

1 of 9

SOLD FEB 13, 2020

1 of 9

SOLD FEB 13, 2020

1 of 9

$1,720,638

(sales price)

5 bed ▪ 4 full & 3 half bath ▪ 5,898 Sq Ft

1725 Margaret Ridge Drive

Matthews, NC 28105 (MLS # 3469610)

.82 acres ▪ Built: 2018 ▪ Primary Bedroom on Main

Subdivision: Stevens Grove

Was New Construction

Matthews, NC / 28105

Our Value Guesstimate (from Computer Algorithm): $2,363,397

Our computer algorithm has estimated that this home would be likely to sell in a range between $2,008,887 and $2,717,907.

Sale Details

Was New Construction

Sales Price: $1,720,638
Closed: Feb 13, 2020 (1,764 days ago)
List Price: $1,600,000

Sold for: 108% of list price
Cumulative Days on Market: 0
Price/Sq Ft: $292

Remarks - 1725 Margaret Ridge Drive

(from previous listing) LOCATION, LOCATION, LOCATION! Arthur Rutenberg Homes Award Winning Silver Oak Plan currently under construction. Comfortable and open floor plan: Master on main, 4 additional bdrms upstairs, large bonus rm, + media rm! Kitchen features large island, and granite counter tops. Great rm features fabulous coffered ceilings, 16ft. collapsing door that leads to outdoor living area with fireplace that is covered and ideal for family gatherings; outdoor living also features pool.

General Info - MLS # 3469610

Master / Primary Bedroom: Main floor
3-car Garage: Attached, Garage - 3 Car
Year Built: 2018 (was new construction)
Property Type: Single Family Home
Listing Status: Sold
Location: Matthews / Mecklenburg County
Lot Size: .82 acres

Area Schools

/10

Elizabeth Lane Elementary School
Distance: 1.0 mi

/10

Providence High School
Distance: 0.4 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.

Neighborhood Info

Subdivision: Stevens Grove

Listing History

02/13/2020: MLS Sold for $1,720,638 (Canopy MLS)
Cumulative Days on Market: N/A
More details

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More Home Details

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See Sold Homes in Stevens Grove

SOLD SEP 17, 2024

Sold for $377/Sq Ft & 98% of list
43 cumulative days on market

$2,250,000 (sales price)
5 bed ▪ 5 full & 2 h. bath ▪ 5,971 SqFt

1031 Arborfield Dr

Matthews, NC 28105

Stevens Grove

0.1 mi.

SOLD JUL 26, 2024

Sold for $362/Sq Ft & 95% of list
17 cumulative days on market

$1,900,000 (sales price)
6 bed ▪ 4 full & 1 h. bath ▪ 5,243 SqFt

1034 Arborfield Dr

Matthews, NC 28105

Stevens Grove

0.1 mi.

SOLD MAY 9, 2024

Sold for $398/Sq Ft & 105% of list
2 cumulative days on market

$2,000,000 (sales price)
5 bed ▪ 5 full & 1 h. bath ▪ 5,024 SqFt

937 Arborfield Dr

Matthews, NC 28105

Stevens Grove

0.1 mi.

More Recently Sold Homes in Stevens Grove

Neighborhood Summary (single family)
Stevens Grove

Sales in:

Median $ / Sq Ft (single family)
Stevens Grove

28105 ZIP Code Trends

OUR RATING: MOST COMPETITIVE

#11

most competitive out of 64 ZIP Codes

In our ZIP Code Analysis (updated daily), we found that 28105 is the 11th most competitive area for buyers out of 64 ZIP codes analyzed in the Charlotte metro area.

In the 28105 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

20
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 20 cumulative days on market in the 28105 area. Compare this with the Charlotte metro area median of 22 days on market.

30%
Of Recently Sold Homes
Over Asking Price

30% of previously owned 28105-area homes sold over the asking price (versus 19% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28105.

48%
of Available Homes
Are Under Contract

48% of previously owned 28105-area homes are under contract – compared with 34% of all homes in the Charlotte metro area.

28105 Median Home Prices

$520k		Median Single Family Price*

$413k		Median Condo / Townhouse Price*

*Based on the last previous 90 days of home sales in the Canopy MLS. Previously owned homes only.

Price Per Square Foot Change
Period	28105 Area	Metro Area

1-year	+ 4%	+ 2%
3-year	+14%	+16%
5-year	+66%	+67%
7-year	+84%	+89%

The price per square foot of 28105-area re-sale homes has increased by approximately 66% over the past 5 years (versus a 67% increase for the entire Charlotte metro area). Homes have been selling at a median of $224 per square foot in 28105 over the past 90 days - as compared to $216 for the entire metro area. The numbers cited are based on the price per heated square foot for single family, townhomes, and condos combined.

20
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 20 cumulative days on market in the 28105 area. Compare this with the Charlotte metro area median of 22 days on market.

30%
Of Recently Sold Homes
Over Asking Price

30% of previously owned 28105-area homes sold over the asking price (versus 19% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28105.

Price Per Square Foot Change
Period	28105 Area	Metro Area

1-year	+ 4%	+ 2%
3-year	+14%	+16%
5-year	+66%	+67%
7-year	+84%	+89%

48%
of Available Homes
Are Under Contract

48% of previously owned 28105-area homes are under contract – compared with 34% of all homes in the Charlotte metro area.

Our Value Guesstimate: $2,363,397

Our computer algorithm has estimated that this home would be likely to sell in a range between $2,008,887 and $2,717,907.

Sale Details

Sales Price: $1,720,638
Closed: Feb 13, 2020 (1,764 days ago)
List Price: $1,600,000
Sold for: 108% of list price
Cumulative Days on Market: 0
Price/Sq Ft: $292

Remarks

General Info - MLS 3469610