NOT LISTED FOR SALE

2029 Union St Charlotte, NC 28205

Villa Heights Neighborhood

Estimated Value: $544,000 - $705,000

4 Beds
2 Baths
1,559 Sq Ft
$402/Sq Ft Est. Value

Sale Details

Date Sold: October 14, 2021

Last sale price $500,000 $321 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,671 / mo

14 Days on Market

About This Home

As of October 2021

Incredible opportunity for an investor or owner occupied “house hack” in Plaza Hills. Six duplexes, with twelve 2 bed/1 bath units bringing in over $202,000 in rental income per year. With close access to Uptown, Noda, Optimist Hall, and the light rail, Union Street is an unbeatable location. Current owner has taken meticulous care of the properties, from the upgraded interiors to the beautiful landscaping. Each unit is priced with appliances that convey, including refrigerators, washer and dryers, and microwaves. All units are currently rented, with lease information and terms available upon request. Please do not disturb tenants. Property being sold as-is. Duplexes available include 2000/2001/2006/2012/2018/2027 Union St. – owner will consider selling individually or as a package.

Last Agent to Sell the Property

J.J. Olszowy

Ivy Property Group LLC License #316193 Listed on: 09/01/2021

Last Buyer's Agent

Lauren Lowery

COMPASS License #291565

COMPASS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 8,276

Home Design

  • Duplex
  • Bungalow
  • Brick Exterior Construction

Additional Features

  • 2 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for cable, electricity, gas
  • Rent includes exterior maintenance
  • Assessor Parcel Number 083-103-09

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Bungalow
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 2631578.95
  • Ratio Current Price By Sq Ft: 320.72
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Dishwasher, Electric Range, Freezer, Microwave, Refrigerator, Washer
  • Laundry Location: Main
  • Total Sq Ft: 1559

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Parking: Driveway

Utilities

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

Lot Info

  • Parcel Number: 083-103-09
  • Zoning Specification: R5

Rental Info

  • Rent Includes: Exterior Maintenance
  • Tenant Pays: Cable, Electricity, Gas

Tax Info

  • Tax Value: 364000.00
  • 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
Sep 1, 2021
Closed on
Oct 14, 2021
Sold by
South Terrace Investors Llc
Bought by
Aldridge Donald Bo
Seller's Agent
J.J. Olszowy
Ivy Property Group LLC
Buyer's Agent
Lauren Lowery
COMPASS
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$627,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,274
Avg. Annual Appreciation
5.10%
Original Mortgage
$425,000
Outstanding Balance
$387,560
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$239,714

Purchase Details

Closed on
Apr 3, 2018
Sold by
Cassis & Cassis Capital Llc
Bought by
South Terrace Investors Llc

Purchase Details

Closed on
Dec 21, 2012
Sold by
Fannie Mae
Bought by
Casis & Casis Capital Llc

Purchase Details

Closed on
Sep 25, 2012
Sold by
Williams Joyce
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 25, 2008
Sold by
Paramount Realty Inc
Bought by
Williams Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2006
Sold by
Corey Quincy and Corey Shelia
Bought by
Paramount Realty Inc

Purchase Details

Closed on
Apr 24, 2006
Sold by
Corey Quincy and Corey Shelia
Bought by
Paramount Realty Inc

Purchase Details

Closed on
Jun 30, 2004
Sold by
Sutherland Frank and Sutherland Janice
Bought by
Corey Quincy and Corey Shelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,100
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2001
Sold by
Mcdonald Hugh D and Mcdonald Nell B
Bought by
Sutherland Frank R and Sutherland Janice W
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
Aldridge Donald Bo $500,000 None Available
South Terrace Investors Llc $1,785,000 None Available
Casis & Casis Capital Llc -- None Available
Federal National Mortgage Association $104,263 None Available
Williams Joyce $120,000 None Available
Paramount Realty Inc $48,300 None Available
Paramount Realty Inc $1,000 None Available
Corey Quincy $99,000 --
Sutherland Frank R $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aldridge Donald Bo $425,000
Previous Owner Williams Joyce $96,000
Previous Owner Corey Quincy $89,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2021 10/14/21 Sold $500,000 0.0% $321 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $500,000 -- $321 / Sq Ft
Source: Canopy MLS

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 $4,142 $506,400 $380,000 $126,400
2024 $4,142 $506,400 $380,000 $126,400
2023 $3,993 $506,400 $380,000 $126,400
2022 $3,764 $364,000 $200,000 $164,000
2021 $3,742 $364,000 $200,000 $164,000
2020 $3,727 $352,000 $200,000 $152,000
2019 $3,580 $375,000 $200,000 $175,000
2018 $1,514 $104,200 $21,000 $83,200
2017 $1,475 $104,200 $21,000 $83,200
2016 $1,456 $104,200 $21,000 $83,200
2015 $1,433 $104,200 $21,000 $83,200
2014 $1,907 $142,400 $50,000 $92,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    J.J. Olszowy

    Ivy Property Group LLC

    (704) 649-3540

    6 in this area

    15 Total Sales

    J.J. Olszowy
    Section Image
  • Lauren Lowery

    Buyer's Agent in 2021

    Lauren Lowery

    COMPASS

    (404) 641-4442

    1 in this area

    124 Total Sales

    Lauren Lowery
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3780478

Canopy MLS

APN: 083-103-09

North Carolina Mecklenburg County Charlotte 28205 Villa Heights

2029 Union St, Charlotte, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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