NOT LISTED FOR SALE

1618 & 1620 Umstead St Charlotte, NC 28205

Belmont Neighborhood

Estimated Value: $487,000 - $525,000

4 Beds
2 Baths
1,200 Sq Ft
$422/Sq Ft Est. Value

Last Sold November 16, 2016

Last sale price $163,000 $136 Per Sq Ft

Est. 217% increase in value since last sale

Current estimated payment $3,113/month

12 Days on Market

About This Home

As of November 2016

Opportunity in Belmont area! Long term tenant in place in front unit paying $550 a month and is currently month to month with a 60 day notice. Rear unit is currently vacant but needs work to prepare for a new tenant. Was rented at $600/month. New water heaters in both units. Keep renting or tear down and build new. Lots of activity happening in this area of Belmont closest to Plaza Midwood. Nice elevated lot, a lot of homes on the street & immediate area have been improved or are in process

Last Agent to Sell the Property

Jill Sladoje

BlueBird Real Estate Services License #184545 Listed on: 08/08/2016

Last Buyer's Agent

Lana Laws

Savvy + Co Real Estate License #208165

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 8,712

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Traditional Architecture

Flooring

  • Wood
  • Vinyl

Additional Features

  • 2 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 081-165-42

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.93143
  • Ratio Close Price By Original Li: 0.93143
  • Ratio Current Price By Acre: 815000.00
  • Ratio Current Price By Sq Ft: 135.83
  • Year Built: 1967
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Electric Range, Electric Oven
  • Flooring: Vinyl, Wood
  • Total Sq Ft: 1200

Exterior Features

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

Garage/Parking

  • Driveway: Earth, Gravel
  • Parking: Driveway, Parking Space - 4+

Utilities

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

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 50 x 175
  • Lot Size Area: 0.200
  • Parcel Number: 081-165-42
  • Plat Book Slide: 173/377
  • Plat Reference Section Pages: 757
  • Zoning: Residential
  • Zoning Specification: R5

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 79300.00
  • Tax Location: Charlotte

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2016
Closed on
Oct 17, 2016
Sold by
Mussetter Jason P and Calupas Lorraine J
Bought by
Gardner Felicia M and Gardner James Lee
Seller's Agent
Jill Sladoje
BlueBird Real Estate Services
Buyer's Agent
Lana Laws
Savvy + Co Real Estate
List Price
$175,000
Sold Price
$163,000
Premium/Discount to List
-$12,000
-6.86%
Current Estimated Value
$516,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,500
Avg. Annual Appreciation
13.58%
Original Mortgage
$182,020
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2007
Sold by
Manno John C and Manno Lisa M
Bought by
Mussetter Jason P and Calupas Lorraine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 2, 2007
Sold by
Spielvogel Karl
Bought by
Manno John C

Purchase Details

Closed on
Mar 17, 2006
Sold by
Keene Michael and Keene Christina Elizabeth Ledwell
Bought by
Spielvogel Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,500
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 8, 2004
Sold by
Copenhaver Ashley Lamar Ledwell and Copenhaver Richard David
Bought by
Keene Christina Elizabeth
Source: Public Records

Range of Values:

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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
Gardner Felicia M $163,000 None Available
Mussetter Jason P $130,000 Independence Title Group Llc
Manno John C $80,000 None Available
Spielvogel Karl $48,000 None Available
Keene Christina Elizabeth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardner Felicia M $177,000
Closed Gardner Felicia M $182,020
Previous Owner Muissetter Jason P $113,690
Previous Owner Mussetter Jason P $117,000
Previous Owner Spielvogel Karl $50,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2016 11/16/16 Sold $163,000 -6.9% $136 / Sq Ft
08/20/2016 08/20/16 Pending -- -- --
08/08/2016 08/08/16 For Sale $175,000 -- $146 / 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 $3,415 $427,700 $350,000 $77,700
2022 $3,102 $295,400 $145,000 $150,400
2021 $3,080 $295,400 $145,000 $150,400
2020 $3,065 $295,400 $145,000 $150,400
2019 $3,034 $295,400 $145,000 $150,400
2018 $1,893 $79,300 $36,000 $43,300
2017 $1,152 $79,300 $36,000 $43,300
2016 $1,133 $79,300 $36,000 $43,300
2015 $1,110 $79,300 $36,000 $43,300
2014 $1,195 $87,000 $36,000 $51,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3205005

Canopy MLS (Canopy Realtor® Association)

APN: 081-165-42