$460,000
SOLD JUL 16, 2025
2 Beds
2.5 Baths
1,538 Sq Ft
2019 Built

Recently Sold

$299 Per Sq Ft

2% Above List Price

7 Days on Market

Highlights

  • Lawn
  • 1 Car Detached Garage
  • Forced Air Zoned Heating and Cooling System
  • Ardrey Kell High Rated A+
  • Walk-In Closet
  • Four Sided Brick Exterior Elevation

About This Home

As of July 2025

Don’t miss this rare opportunity to own a beautifully updated townhome in the heart of Ballantyne—one of Charlotte’s most sought-after communities—at an incredibly accessible price point. Located at 11546 Red Rust Lane, this turnkey 2-bedroom, 2-bath home features a stylishly updated kitchen with stainless steel appliances, gleaming hardwood floors, and fresh custom paint throughout. Step outside and enjoy walkable access to top-rated restaurants, vibrant nightlife, parks, and everyday conveniences. Homes at this price in Ballantyne are few and far between, especially as values in this thriving community continue to climb. Whether you’re a first-time buyer or looking to downsize without compromise, this home is a true gem!

Last Agent to Sell the Property

Matthew Means

COMPASS Brokerage Email: matthew.means@compass.com License #247529 Listed on: 06/13/2025

COMPASS

Last Buyer's Agent

Perry Butler

Better Homes and Gardens Real Estate Paracle License #154924

Better Homes and Gardens Real Estate Paracle

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,206

Year Built

  • Built in 2019

Lot Details

  • Lawn

Parking

  • 1 Car Detached Garage

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Rea Farms Condos
  • Rea Farms Subdivision
  • Mandatory Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 229-174-71

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,206

Year Built

Built in 2019

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2019
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Three
  • Ratio CurrentPrice/TotalPropertyHLA: 299.09
  • Geocode Confidence: High
  • Attribution Contact: matthew.means@compass.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Interior Amenities: Cable Prewire, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 593
  • Third Level Sq Ft: 361
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 584
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Plumbed For Ice Maker
  • Above Grade Finished Sq Ft: 1538
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1538
  • Bedroom Main: 0
  • Room Count: 9
  • Bedroom Third: 1

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Full

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 228
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Detached Garage

Utilities

  • Heating: Zoned
  • Sewer: Public Sewer
  • Laundry Features: Upper Level
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Rea Farms
  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 229-174-71
  • Land Included Yn: 1
  • Additional Parcels: No
  • Zoning Specification: MUDD-O

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2025
Closed on
Jul 16, 2025
Sold by
Patel Rupen
Bought by
Bareham Samuel James and Gundersen Hanneh Grace
Seller's Agent
Matthew Means
COMPASS
Buyer's Agent
Perry Butler
Better Homes and Gardens Real Estate Paracle
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.25%
Original Mortgage
$391,000
Outstanding Balance
$391,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$59,714

Purchase Details

Listed on
May 27, 2022
Closed on
Jul 13, 2022
Sold by
Shobe David P and Shobe Lioudmila P
Bought by
Patel Rupen
Seller's Agent
Daniel McKenna
Keller Williams Ballantyne Area
Buyer's Agent
Raj Patel
Tony Patel Realty LLC
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$324,000
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2019
Sold by
Calatlantic Group Inc
Bought by
Shobe David and Shobe Lioudmila P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,014
Interest Rate
3.8%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $460,000 Srec Title Company
Warranty Deed $460,000 Srec Title Company
Warranty Deed $405,000 Patel & Houston Pllc
Special Warranty Deed $316,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $391,000 New Conventional
Closed $391,000 New Conventional
Previous Owner $324,000 New Conventional
Previous Owner $215,014 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Sold $460,000 +2.2% $299 / Sq Ft
06/13/2025 06/13/25 For Sale $450,000 +11.1% $293 / Sq Ft
07/13/2022 07/13/22 Sold $405,000 -1.2% $262 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $410,000 -- $265 / 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 $3,206 $416,900 $125,000 $291,900
2024 $3,206 $416,900 $125,000 $291,900
2023 $3,206 $416,900 $125,000 $291,900
2022 $2,760 $281,900 $85,000 $196,900
2021 $2,760 $281,900 $85,000 $196,900
2020 $2,827 $85,000 $85,000 $0
2019 $820 $85,000 $85,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4269913

Canopy MLS (Canopy Realtor® Association)

APN: 229-174-71