NOT LISTED FOR SALE

241 Orchard Trace Ln Unit 7 Charlotte, NC 28213

Hidden Valley Neighborhood

Estimated Value: $89,000 - $206,624

1 Bed
1.5 Baths
612 Sq Ft
$220/mo HOA Fee

Last Sold November 21, 2023

Last sale price $103,000 $168 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $992/month

52 Days on Market

About This Home

As of November 2023

An excellent investment prospect is ready for you in the thriving university location. This delightful one-bedroom, one-bathroom unit is on the second floor. A long-term tenant has been in place since 2016. This location is incredibly convenient to UNC Charlotte, IKEA, Top Golf, and numerous other attractions just minutes away. The Lynx Blue Line light rail station is across the street. The unit is fully powered by electricity, and the HOA covers water and sewer expenses. Don't miss out on this fantastic opportunity!

Last Agent to Sell the Property

Ivory Barber

EXP Realty LLC Ballantyne Brokerage Email: ivory@metricrealtycompany.com License #314896 Listed on: 08/25/2023

EXP Realty LLC Ballantyne

Last Buyer's Agent

Richard Esquer

The Advisor Group Carolinas License #282961

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $499

Year Built

  • Built in 1974

Lot Details

  • 7

HOA Fees

  • $220 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 612 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • Greenway Realty Management Association
  • Mid-Rise Condominium
  • Orchard Trace Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 089-251-80

Property Details

Home Type

Condominium

Est. Annual Taxes

$499

Year Built

Built in 1974

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1974
  • Road Surface Type: None
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 168.30
  • Property Sub Type Additional: Mid-Rise
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 2
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 612
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Water Heater
  • Above Grade Finished Sq Ft: 612
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 612
  • Bedroom Main: 1
  • Room Count: 4
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Tennis Court(s)
  • New Construction: No
  • 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 Space(s)

Utilities

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

Condo/Co-op/Association

  • Association Fee: 220.41
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Greenway Realty Management
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 2644.92

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 089-251-80
  • Zoning: R17MF
  • Land Included Yn: 0
  • Zoning Specification: R17MF

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Nov 17, 2023
Sold by
Orchard Trace Property Holdings Llc
Bought by
Esquer Todd J
Seller's Agent
Ivory Barber
EXP Realty LLC Ballantyne
Buyer's Agent
Richard Esquer
The Advisor Group Carolinas
List Price
$105,000
Sold Price
$103,000
Premium/Discount to List
-$2,000
-1.9%
Views
281
Current Estimated Value
$132,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,208
Avg. Annual Appreciation
16.33%
Original Mortgage
$150,000
Outstanding Balance
$148,158
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
-$15,950

Purchase Details

Closed on
Oct 3, 2018
Sold by
Ramirez Alvaro
Bought by
Orchard Trace Property Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 2006
Sold by
Tmr Associates
Bought by
Ramirez Alvaro
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
Esquer Todd J $103,000 None Listed On Document
Orchard Trace Property Holdings Llc $284,000 None Available
Ramirez Alvaro $51,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Esquer Todd J $150,000
Previous Owner Orchard Property Holdings Llc $215,000
Previous Owner Orchard Trace Property Holdings Llc $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2023 11/21/23 Sold $103,000 -1.9% $168 / Sq Ft
10/16/2023 10/16/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $105,000 -- $172 / 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 $499 $85,197 $0 $85,197
2022 $499 $38,700 $0 $38,700
2021 $488 $38,700 $0 $38,700
2020 $481 $38,700 $0 $38,700
2019 $465 $38,700 $0 $38,700
2018 $416 $26,100 $4,500 $21,600
2017 $401 $26,100 $4,500 $21,600
2016 $391 $26,100 $4,500 $21,600
2015 $380 $26,100 $4,500 $21,600
2014 $374 $26,100 $4,500 $21,600
Source: Public Records

Agents Affiliated with this Home

  • Ivory Barber

    Seller's Agent in 2023

    Ivory Barber

    EXP Realty LLC Ballantyne

    (516) 808-1918

    12 in this area

    31 Total Sales

    Ivory Barber
    Section Image

  • R

    Buyer's Agent in 2023

    Richard Esquer

    The Advisor Group Carolinas

    (980) 245-6170

    8 in this area

    77 Total Sales

    Richard Esquer
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4063376

Canopy MLS (Canopy Realtor® Association)

APN: 089-251-80

North Carolina Mecklenburg County Charlotte 28213 Hidden Valley

241 Orchard Trace Ln Unit 7, Charlotte, NC

This home is located at 241 Orchard Trace Ln Unit 7, Charlotte, NC 28213 since 25 August 2023 and is currently estimated at $132,208, approximately $216 per square foot. This property was built in 1974. 241 Orchard Trace Ln Unit 7 is a home located in Mecklenburg County with nearby schools including Newell Elementary School, Martin Luther King Jr Middle, and Julius L. Chambers High School.

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