NOT LISTED FOR SALE

11738 Red Rust Ln Unit 18 Charlotte, NC 28277

Providence Neighborhood

Estimated Value: $495,000 - $619,000

3 Beds
2.5 Baths
1,698 Sq Ft
$323/Sq Ft Est. Value

Last Sold June 24, 2020

Last sale price $377,149 $222 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $3,480/month

5 Days on Market

Highlights

  • Under Construction
  • Arts and Crafts Architecture
  • End Unit
  • Ardrey Kell High Rated A+
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of June 2020

You don't want to miss South Charlotte's premier community!! Introducing our popular Village (all brick) Townhomes.
This gorgeous two-story Andover plan (end unit) offers a spacious 3 bedrooms and two and a half bathrooms! The main level's open concept includes a stunning kitchen, great room, large dining area, beautiful owner’s suite with a large walk-in closet and laundry room. For those needing extra storage space, this plan also comes with a storage room off the covered patio. The 2nd level has a split bedroom setup with a loft in between; allowing good privacy to all. This is a full brick town home with a 1-car detached garage. Walk to the hottest area in town… Rea Farms Village featuring: shops, restaurants, a world-class fitness center and more.

Last Agent to Sell the Property

Bill Cotton

Tiara Homes LLC Brokerage Email: bill.cotton@lennar.com License #283323 Listed on: 04/30/2020

Last Buyer's Agent

Greg Asbury

Gold House Properties LLC License #65737

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,595

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • 2,831 Sq Ft Lot
  • End Unit

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • 1 Car Detached Garage

Home Design

  • Arts and Crafts Architecture
  • Property Attached
  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Electric Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

Outdoor Features

  • Patio

Schools

  • Polo Ridge Elementary School
  • J.M. Robinson Middle School
  • Ardrey Kell High School

Utilities

  • Central Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Rea Farms Condos
  • Built by Lennar
  • Rea Farms Subdivision, Andover Floorplan
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 22917159

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,595

Year Built

Built in 2020 | Under Construction

Lot Details

0

HOA Fees

$155 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Arts and Crafts
  • Year Built: 2020
  • Proposed Completion Date: 2020-06-09
  • Road Surface Type: Concrete
  • Unit Levels: Two
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 222.11
  • Attribution Contact: bill.cotton@lennar.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: No
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Cable Prewire
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1095
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 113
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 113
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 603
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave
  • Above Grade Finished Sq Ft: 1698
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: Main
  • Living Area: 1698
  • Bedroom Main: 1
  • Room Count: 10
  • Sq Ft Other: 0

Exterior Features

  • New Construction: Yes
  • Construction Type: Site Built
  • Construction Type: Brick Full
  • Patio And Porch Features: Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 220
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Detached Garage

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Upper Level
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association Fee: 155
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Rea Farms
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: J.M. Robinson
  • HOA Subject To: Required

Lot Info

  • Lot Features: End Unit
  • Lot Size Area: 0.065
  • Lot Size Units: Acres
  • Parcel Number: 22917159
  • Zoning: RES
  • Land Included Yn: 1
  • Development Status: Under Construction
  • Lot Size Acres: 0.065
  • Lot Size Sq Ft: 2831
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RES

Green Features

  • Green Verification Count: 2

Building Info

  • Builder Name: Lennar

MLS Schools

  • Elementary School: Polo Ridge
  • High School: Ardrey Kell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2020
Closed on
Jun 24, 2020
Sold by
Calatlantic Group Inc
Bought by
Asano Toshio
Seller's Agent
Bill Cotton
Tiara Homes LLC
Buyer's Agent
Greg Asbury
Gold House Properties LLC
List Price
$377,148
Sold Price
$377,149
Premium/Discount to List
$1
0.0%
Current Estimated Value
$547,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,601
Avg. Annual Appreciation
7.67%
Original Mortgage
$339,433
Outstanding Balance
$304,838
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$242,912
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
Asano Toshio $228,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asano Toshio $339,433
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2020 06/24/20 Sold $377,149 0.0% $222 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
04/30/2020 04/30/20 For Sale $377,148 -- $222 / 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 $3,595 $484,000 $155,000 $329,000
2022 $3,018 $308,700 $85,000 $223,700
2021 $3,018 $308,700 $85,000 $223,700
2020 $820 $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: 3616640

Canopy MLS (Canopy Realtor® Association)

APN: 229-171-59