NOT LISTED FOR SALE

225 Orchard Trace Ln Unit 8 Charlotte, NC 28213

Hidden Valley Neighborhood

Estimated Value: $123,000 - $184,834

2 Beds
2 Baths
937 Sq Ft
$197/mo HOA Fee

Last Sold June 01, 2023

Last sale price $130,000 $139 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,071/month

14 Days on Market

About This Home

As of June 2023

UPDATE: THE PROPERTY IS IN A MULTIPLE-OFFER SITUATION.

CALLING FOR THE HIGHEST AND BEST OFFERS TO BE SUBMITTED BY WEDNESDAY 5/02/23 AT 6:00 PM. THE SELLER WILL MAKE A DECISION ONCE ALL OFFERS HAVE BEEN RECEIVED. SHOWINGS ARE ALLOWED ON TUESDAY 5/2/23. 9 AM,- 4: 30PM.

A great investment opportunity awaits in the growing university area. Tenant occupied. The current rent is $1,100.The lease Ends on 01/31/2024.

Two Bedroom Two Bathroom Condo. Located in the University. Just minutes away from UNC Charlotte. IKEA, Top Golf, and so much more. The Lynx Blue Line light rail is directly across the street.

The unit is all electric. The HOA pays for water /sewer

Last Agent to Sell the Property

Ivory Barber

EXP Realty LLC Ballantyne License #314896 Listed on: 04/19/2023

EXP Realty LLC Ballantyne

Last Buyer's Agent

Gian Hernandez

Keller Williams South Park License #138471

Keller Williams South Park

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $953

Year Built

  • Built in 1974

Lot Details

  • 0.7

HOA Fees

  • $197 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 937 Sq Ft Home
  • 2-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Newell Elementary School
  • Martin Luther King Jr Middle School
  • Julius L. Chambers High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • Greenway Realty Association
  • Orchard Trace Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 089-251-59

Property Details

Home Type

Condominium

Est. Annual Taxes

$953

Year Built

Built in 1974

Lot Details

0

HOA Fees

$197 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1974
  • Special Assessment Yn: 0
  • Road Surface Type: Asphalt, None
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 138.74
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 2
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 937
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Electric Range
  • Above Grade Finished Sq Ft: 937
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 937
  • Bedroom Main: 2
  • Room Count: 4

Exterior Features

  • New Construction: No
  • Roof: Flat
  • Construction Type: Site Built
  • Construction Type: Brick Full

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Central, Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Common Area
  • Cooling: Central Air, Electric
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 196.9
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Greenway Realty
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 2362.80

Schools

  • Middle Or Junior School: Martin Luther King Jr
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 089-251-59
  • Zoning: R17MF
  • Land Included Yn: 0
  • Zoning Specification: R17MF

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes

MLS Schools

  • Elementary School: Newell
  • High School: Julius L. Chambers

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
May 31, 2023
Sold by
Figueras Carlos L
Bought by
Morales Tunon Jorge L
Seller's Agent
Ivory Barber
EXP Realty LLC Ballantyne
Buyer's Agent
Gian Hernandez
Keller Williams South Park
List Price
$125,999
Sold Price
$130,000
Premium/Discount to List
$4,001
3.18%
Views
206
Current Estimated Value
$143,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,959
Avg. Annual Appreciation
4.95%
Source: Public Records

Range of Values:

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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
Morales Tunon Jorge L $130,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Figueras Carlos L $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $130,000 +3.2% $139 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $125,999 0.0% $134 / Sq Ft
04/23/2023 04/23/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $125,999 -- $134 / 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 $953 $110,896 $0 $110,896
2022 $615 $50,700 $0 $50,700
2021 $604 $50,700 $0 $50,700
2020 $489 $50,700 $0 $50,700
2019 $581 $50,700 $0 $50,700
2018 $505 $32,900 $4,500 $28,400
2017 $489 $32,900 $4,500 $28,400
2016 $479 $32,900 $4,500 $28,400
2015 $468 $32,900 $4,500 $28,400
2014 $462 $42,200 $7,500 $34,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4021867

Canopy MLS (Canopy Realtor® Association)

APN: 089-251-59