NOT LISTED FOR SALE

Estimated Value: $442,438 - $703,000

6 Beds
4 Baths
2,710 Sq Ft
$201/Sq Ft Est. Value

Last Sold October 24, 2017

Last sale price $225,000 $83 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $3,105/month

194 Days on Market

About This Home

As of October 2017

Do not miss this great duplex in South Charlotte (Walnut Creek) with tenants already in place. Both units feature 3 bedrooms, 1.5 bathrooms, large kitchen with island and eating area that lead to rear deck, full walkout basement, fireplace, tree-lined property, and enough parking space for 4+ cars. This building is minutes from Ballantyne, and down the street from shopping, dining and entertainment. Hurry and grab your chance to own a great investment in a phenomenal location!!!

Last Agent to Sell the Property

Bryan Palluck

Palluck Partners License #283604 Listed on: 03/02/2017

Last Buyer's Agent

Mike Soden

Prestige Properties of the Carolinas, LLC License #248516

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.32

Home Design

  • Duplex

Interior Spaces

  • Fireplace

Listing and Financial Details

  • Tenant pays for cable, electricity, gas, water
  • Rent includes garbage pick-up
  • Assessor Parcel Number 221-272-02

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ratio Close Price By List Price: 0.90036
  • Ratio Close Price By Original Li: 0.84906
  • Ratio Current Price By Acre: 703125.00
  • Ratio Current Price By Sq Ft: 83.03
  • Year Built: 1979
  • Property Features: Fireplace, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Equipment: Dishwasher, Electric Range, Refrigerator, Exhaust Hood, Electric Oven
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Laundry Location: Closet, Kitchen
  • Sq Ft Basement: 894
  • Total Sq Ft: 2710

Exterior Features

  • Construction Type: Site Built
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway, Parking Space - 4+

Utilities

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

Lot Info

  • Parcel Number: 221-272-02
  • Zoning Specification: R12CD

Rental Info

  • Rent Includes: Garbage Pick-up
  • Tenant Pays: Cable, Electricity, Gas, Water

Tax Info

  • Tax Value: 181800.00
  • Tax Location: Charlotte

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2020
Sold by
Wade Steven Forrest and Wade Stephanie Ann
Bought by
Loveit2leaseit Llc
Current Estimated Value
$544,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,700
Outstanding Balance
$276,975
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$267,171

Purchase Details

Closed on
Oct 16, 2019
Sold by
Srg Investments Llc
Bought by
Loveit2 Leavitt Llc

Purchase Details

Closed on
Jul 27, 2018
Sold by
Wade Ii Steven F and Mcelmurry Gregory Paul
Bought by
Srg Investments Llc

Purchase Details

Listed on
Mar 2, 2017
Closed on
Oct 24, 2017
Sold by
Habrat Cheryl H and Habrat Dan Andrew
Bought by
Wade Ii Steven F and Mcelmurry Gregory Paul
Seller's Agent
Bryan Palluck
Palluck Partners
Buyer's Agent
Mike Soden
Prestige Properties of the Carolinas, LLC
List Price
$265,000
Sold Price
$225,000
Premium/Discount to List
-$40,000
-15.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%
Original Mortgage
$168,750
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 1997
Sold by
Moon Henry C and Moon Ann W
Bought by
Habrat Cheryl H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Loveit2leaseit Llc -- None Available
Wade Steven Forrest -- None Available
Loveit2 Leavitt Llc -- None Available
Srg Investments Llc -- None Available
Wade Ii Steven F $225,000 None Available
Habrat Cheryl H $148,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wade Steven Forrest $310,700
Previous Owner Wade Ii Steven F $168,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2017 10/24/17 Sold $225,000 -15.1% $83 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $265,000 -- $98 / 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
2025 $3,457 $416,000 $80,000 $336,000
2024 $3,457 $416,000 $80,000 $336,000
2023 $2,847 $437,800 $80,000 $357,800
2022 $2,847 $269,000 $70,000 $199,000
2021 $2,825 $269,000 $70,000 $199,000
2020 $2,810 $269,000 $70,000 $199,000
2019 $2,779 $269,000 $70,000 $199,000
2018 $2,532 $181,800 $40,000 $141,800
2017 $2,479 $181,800 $40,000 $141,800
2016 $2,460 $181,800 $40,000 $141,800
2015 $2,437 $181,800 $40,000 $141,800
2014 $2,413 $181,800 $40,000 $141,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3256532

Canopy MLS (Canopy Realtor® Association)

APN: 221-272-02