NOT LISTED FOR SALE

Estimated Value: $898,000 - $954,000

6 Beds
3 Baths
2,175 Sq Ft
$422/Sq Ft Est. Value

Last Sold May 28, 2019

Last sale price $262,500 $121 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $5,377/month

3 Days on Market

About This Home

As of May 2019

This property is priced as a tear-down and is intended to be sold with the adjacent lot at 1917 Pegram Street (MLS#3485595 for a total price of $600k). Properties are not under any directive to be torn down. Both properties have 75' frontages and the presumption is that, together, they could potentially be divided into three lots. Buyer is to determine the viability of subdividing properties. All units are tenant occupied. 2 tenants are on month-to-month leases. 1 tenant's lease expires 12/31/19 and seller will approach tenant to buy out the lease for termination, if need be. Tenant's will not be approached about moving or given notices until after DDP has expired. Seller asks that at least 45 days be provided to tenants to move. NO SHOWINGS! Do not bother tenants or discuss sale with tenants.

Last Agent to Sell the Property

Tim Goetchius

Charlotte Metro Real Estate License #196730 Listed on: 03/19/2019

Last Buyer's Agent

Karen Gestwicki

HoneyBee Real Estate License #278067

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.25

Flooring

  • Wood
  • Vinyl

Additional Features

  • 3 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 08309612

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Ratio Close Price By List Price: 0.87500
  • Ratio Close Price By Original Li: 0.87500
  • Ratio Current Price By Acre: 1050000.00
  • Ratio Current Price By Sq Ft: 120.69
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Flooring: Vinyl, Wood
  • Laundry Location: Kitchen
  • Total Sq Ft: 2175

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Parking: Lot

Utilities

  • Heating: Gas Hot Air Furnace, Wall Unit Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Dimension: 75x150
  • Lot Size Area: 0.250
  • Parcel Number: 08309612
  • Zoning Specification: R-5

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 364800.00
  • Tax Location: Charlotte

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2020
Sold by
Um Holdings Llc
Bought by
Vittas Christina and Lewis Craig
Current Estimated Value
$918,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Outstanding Balance
$379,782
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$538,923

Purchase Details

Listed on
Mar 19, 2019
Closed on
May 28, 2019
Sold by
Spearman William Whitman
Bought by
Um Holdings Llc
Seller's Agent
Tim Goetchius
Charlotte Metro Real Estate
Buyer's Agent
Karen Gestwicki
HoneyBee Real Estate
List Price
$300,000
Sold Price
$262,500
Premium/Discount to List
-$37,500
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.04%
Original Mortgage
$324,000
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2002
Sold by
Loven Properties Iii Llc
Bought by
Spearman William Whitman and Spearman Arlene Burinski

Purchase Details

Closed on
Jan 9, 2001
Sold by
Loven James V and Loven Pamela A
Bought by
Loven Properties Iii Llc

Purchase Details

Closed on
Feb 4, 1999
Sold by
Ehmann Eugene K and Ehmann Elizabeth J
Bought by
Loven James and Loven Pamela A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.73%
Mortgage Type
Unknown
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
Vittas Christina $570,000 None Available
Um Holdings Llc $262,500 None Available
Spearman William Whitman $72,000 --
Loven Properties Iii Llc -- --
Loven James $48,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vittas Christina $427,500
Previous Owner Um Holdings Llc $324,000
Previous Owner Loven James $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2019 05/28/19 Sold $262,500 0.0% $121 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/20/2019 03/20/19 Off Market $262,500 -- --
03/19/2019 03/19/19 For Sale $300,000 -- $138 / 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 $5,781 $702,700 $399,000 $303,700
2024 $5,781 $702,700 $399,000 $303,700
2023 $5,572 $702,700 $399,000 $303,700
2022 $3,710 $384,500 $192,500 $192,000
2021 $3,710 $384,500 $192,500 $192,000
2020 $3,842 $364,800 $192,500 $172,300
2019 $3,795 $364,800 $192,500 $172,300
2018 $2,116 $144,500 $30,000 $114,500
2017 $2,059 $144,500 $30,000 $114,500
2016 $2,031 $144,500 $30,000 $114,500
2015 $1,996 $144,500 $30,000 $114,500
2014 $1,973 $144,500 $30,000 $114,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3485745

Canopy MLS (Canopy Realtor® Association)

APN: 083-096-12