$229,000
SOLD OCT 31, 2019
2 Beds
2 Baths
1,153 Sq Ft
$252/mo HOA Fee

Recently Sold

$199 Per Sq Ft

4% Below List Price

53 Days on Market

Highlights

  • Gated Community
  • Open Floorplan
  • Engineered Wood Flooring
  • Myers Park High Rated A
  • Wooded Lot
  • Lawn

About This Home

As of October 2019

Premium 4th floor unit with balcony overlooks the pool and surrounding woods - no neighbors above and no road noise! One of the most desirable units in the building. Modern interior features freshly painted walls in neutral grays, gorgeous hand-scraped hardwood floors, eat-in kitchen with breakfast bar, and stainless steel appliances. Open floor plan has tons of natural light and split bedrooms for added privacy. Spacious Master bedroom features an ensuite bathroom with double sinks and large walk-in closet. Great amenities with pool and secured covered parking. HOA pays for water/sewer. Centrally located in Madison Park...one of Charlotte's most sought after neighborhoods. Walk to restaurants on Montford, Park Road Shopping Center, and the Blue Line light rail. Only 10 Minutes to Uptown and Ballantyne and 5 Minutes to Southend and SouthPark! SELLER WILL GIVE A $2500 DECORATING CREDIT for granite kitchen countertops or whatever improvement buyer prefers with a reasonable offer.

Last Agent to Sell the Property

Mary Sessoms

Keller Williams South Park License #278137 Listed on: 08/07/2019

Keller Williams South Park

Last Buyer's Agent

Jodi Sosna

Progressive Urban Real Estate LLC License #248153

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2008

Lot Details

  • Wooded Lot
  • Lawn

HOA Fees

  • $252 Monthly HOA Fees

Interior Spaces

  • Open Floorplan
  • Breakfast Bar

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms

Additional Features

  • Handicap Accessible
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 171-034-70

Community Details

Overview

  • Cedar Management Association, Phone Number (704) 644-8808
  • Mid-Rise Condominium

Recreation

  • Dog Park

Additional Features

  • Gated Community
  • Elevator

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: Mid-Rise
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98707
  • Ratio Close Price By Original Li: 0.96421
  • Ratio Current Price By Sq Ft: 198.61
  • Unit Floor Level: 4
  • Year Built: 2008
  • Special Features: None

Interior Features

  • Foundation Details: Concrete
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Ceiling Fan(s), Cable Prewire, Disposal, Dishwasher, Electric Dryer Hookup, Electric Range, Ice Maker Connection, Microwave, Electric Oven
  • Flooring: Carpet, Prefinished Wood, Tile
  • H O A Management Phone: 704-644-8808
  • Interior Amenities: Breakfast Bar, Cable Available, Elevator, Handicap Access, Open Floorplan, Split BR Plan, Walk-In Closet(s)
  • Laundry Location: Main
  • Room Count: 1
  • Sq Ft Additional: 75
  • Main Level Sq Ft: 1153
  • Total Sq Ft: 1153

Exterior Features

  • Construction: Brick Partial, Fiber Cement
  • Construction Type: Site Built
  • Exterior Features: Lawn Maintenance

Garage/Parking

  • Driveway: Asphalt
  • Parking: Assigned Parking Space - 1, Parking Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Dog Park, Elevator, Gated Community, Outdoor Pool
  • 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: Sedgefield
  • High School: Myers Park

Lot Info

  • Lot Features: Open Lot, Wooded
  • Parcel Number: 171-034-70
  • Zoning Specification: R17MF

Tax Info

  • Tax Value: 161400.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2019
Closed on
Oct 29, 2019
Sold by
Smith Karen
Bought by
Phelps Michael W
Seller's Agent
Mary Sessoms
Keller Williams South Park
Buyer's Agent
Jodi Sosna
Progressive Urban Real Estate LLC
List Price
$237,500
Sold Price
$229,000
Premium/Discount to List
-$8,500
-3.58%
Total Days on Market
53

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.50%
Original Mortgage
$149,000
Outstanding Balance
$132,456
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$211,396

Purchase Details

Closed on
Feb 26, 2014
Sold by
Evans Joshua and Evans Vanessa
Bought by
Smith Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2008
Sold by
Gateway Homes Llc
Bought by
Evans Joshua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,200
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $229,000 None Available
Warranty Deed $172,500 Integrated Title Svcs Llc
Warranty Deed $205,500 Meridian Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $149,000 New Conventional
Previous Owner $138,000 New Conventional
Previous Owner $162,500 New Conventional
Previous Owner $164,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 For Sale $325,000 +41.9% $290 / Sq Ft
10/31/2019 10/31/19 Sold $229,000 -1.3% $199 / Sq Ft
09/29/2019 09/29/19 Pending -- -- --
09/17/2019 09/17/19 Price Changed $232,000 -1.2% $201 / Sq Ft
08/29/2019 08/29/19 Price Changed $234,900 -1.1% $204 / Sq Ft
08/07/2019 08/07/19 For Sale $237,500 -- $206 / 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 $2,348 $289,747 $0 $289,747
2022 $2,278 $223,000 $0 $223,000
2021 $2,266 $223,000 $0 $223,000
2020 $2,259 $223,000 $0 $223,000
2019 $2,244 $223,000 $0 $223,000
2018 $2,191 $161,400 $35,000 $126,400
2017 $2,152 $161,400 $35,000 $126,400
2016 $2,143 $161,400 $35,000 $126,400
2015 $2,131 $161,400 $35,000 $126,400
2014 $2,112 $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: CAR3537948

Canopy MLS (Canopy Realtor® Association)

APN: 171-034-70