NOT LISTED FOR SALE

Estimated Value: $321,296 - $341,000

2 Beds
2.5 Baths
1,200 Sq Ft
$252/mo HOA Fee

Last Sold February 05, 2021

Last sale price $225,000 $188 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,282/month

21 Days on Market

Highlights

  • In Ground Pool
  • Gated Community
  • Recreation Facilities
  • Myers Park High Rated A
  • Open Floorplan
  • Walk-In Closet

About This Home

As of February 2021

Investor real estate transaction. Tenants currently renting till April 30, 2021 at $1350 a month. Preston Flats is a gated community located in Madison Park close to Park Road Shopping Plaza. This 3rd floor 2 bdrm 2 bath condo overlooks a tree save area and has 9 ft ceilings. Large kitchen offers tile flooring, maple cabinets and much more. Community is gated and offer covered parking, pool, outside trellis and restrooms. Large recreation area allows for dogs to play. Contact listing agent for more information.

Last Agent to Sell the Property

Chris Martin

New Angle Realty License #227543 Listed on: 12/16/2020

Last Buyer's Agent

Brett Winter

Keller Williams South Park License #306462

Keller Williams South Park

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2008

Lot Details

  • 4

HOA Fees

  • $252 Monthly HOA Fees

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • Walk-In Closet

Pool

  • In Ground Pool
  • Outdoor Shower

Additional Features

  • Open Floorplan
  • Many Trees

Listing and Financial Details

  • Assessor Parcel Number 171-034-63

Community Details

Overview

  • Cedar Management Association

Amenities

  • Picnic Area
  • Elevator

Recreation

  • Recreation Facilities

Security

  • Gated Community

Property Details

Home Type

Condominium

Year Built

Built in 2008

Lot Details

0

HOA Fees

$252 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.95745
  • Ratio Close Price By Original Li: 0.95745
  • Ratio Current Price By Sq Ft: 187.50
  • Unit Floor Level: 3
  • Year Built: 2008
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Dryer, Electric Oven, Exhaust Hood, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Tile, Vinyl Plank
  • Interior Amenities: Elevator, Garden Tub, Open Floorplan, Pantry, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1200
  • Total Sq Ft: 1200

Exterior Features

  • Construction: Brick Partial, Fiber Cement
  • Construction Type: Site Built
  • Exterior Features: Elevator, Outdoor Shower, Pool-In-Ground

Garage/Parking

  • Parking: Parking Space - 2

Utilities

  • Heating: Central Air, Electric Hot Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Elevator, Gated Community, Outdoor Pool, Picnic Area, Recreation Area
  • Association Fee: 252.42
  • Association Fee Frequency: Monthly
  • Complex Name: Preston Flats
  • HOA Management Company: Cedar Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Pinewood Mecklenburg
  • Middle School: Alexander Graham
  • High School: Myers Park

Lot Info

  • Lot Features: Trees
  • Parcel Number: 171-034-63
  • Zoning Specification: R17MF

Tax Info

  • Tax Value: 207400.00
  • Tax Location: Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Feb 5, 2021
Sold by
Hord Robert E and Hord Traci E
Bought by
Barthel Thomas Eugene and Barthel Linda
Seller's Agent
Chris Martin
New Angle Realty
Buyer's Agent
Brett Winter
Keller Williams South Park
List Price
$235,000
Sold Price
$225,000
Premium/Discount to List
-$10,000
-4.26%
Current Estimated Value
$333,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,824
Avg. Annual Appreciation
9.25%
Original Mortgage
$168,750
Outstanding Balance
$152,401
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$181,423

Purchase Details

Closed on
Oct 3, 2008
Sold by
Gateway Homes Llc
Bought by
Hord Robert E and Hord Traci E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,333
Interest Rate
6.34%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Barthel Thomas Eugene $225,000 None Available
Hord Robert E $151,500 Meridian Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barthel Thomas Eugene $168,750
Previous Owner Hord Robert E $113,333
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $225,000 -4.3% $188 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
12/16/2020 12/16/20 For Sale $235,000 -- $196 / 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
2023 $2,171 $276,968 $0 $276,968
2022 $2,127 $207,400 $0 $207,400
2021 $2,116 $207,400 $0 $207,400
2020 $2,109 $207,400 $0 $207,400
2019 $2,191 $223,000 $0 $223,000
2018 $2,191 $161,400 $35,000 $126,400
2017 $2,152 $161,400 $35,000 $126,400
2016 -- $161,400 $35,000 $126,400
2015 -- $161,400 $35,000 $126,400
2014 -- $161,400 $35,000 $126,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3691762

Canopy MLS (Canopy Realtor® Association)

APN: 171-034-63