NOT LISTED FOR SALE

2527 Eddington St Charlotte, NC 28208

Reid Park Neighborhood

Estimated Value: $191,000 - $380,000

2 Beds
1 Bath
644 Sq Ft
$452/Sq Ft Est. Value

Last Sold January 31, 2023

Last sale price $300,000 $466 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,775/month

81 Days on Market

Highlights

  • No HOA
  • Living Room
  • Laundry Room

About This Home

As of January 2023

Perfect opportunity to create or grow your investment portfolio! Parcel contains 1 Single family residence and 1 duplex. Addresses are 2527, 2529, and 2523 Eddington St. All units are 644 sq ft with 2 beds and 1 bath with tasteful updates inside. Incredible location near Carolina Golf Club and less than 10 minutes to uptown / Bank of America Stadium! Tenants are currently in place. Being sold as a standalone purchase or can be bundled as a larger investment portfolio with the following properties: 2519 & 2521 Eddington St. / 2533, 2535, 2545, & 2532 Eddington St. / 2507 Eddington St. / 2454 & 2452 Elmin St. / 2506 Hemphill St.

TENANT OCCUPIED

Last Agent to Sell the Property

Thomas Elrod

Keller Williams Ballantyne Area License #268537 Listed on: 07/20/2022

Keller Williams Ballantyne Area

Co-Listed By

Landon House

Keller Williams Ballantyne Area License #311561

Last Buyer's Agent

Ashley Jamerson

Ashley Lambert Realty License #252486

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,936

Year Built

  • Built in 1945

Lot Details

  • 0.33 Acre Lot

Parking

  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 644 Sq Ft Home
  • Living Room
  • Crawl Space
  • <<OvenToken>>

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Reid Park Elementary School
  • Piedmont Middle School
  • Harding University High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 117-073-07

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,936

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Other
  • Year Built: 1945
  • Road Surface Type: Dirt
  • ResoPropertyType: ResidentialIncome
  • Property Sub Type Additional: Other
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Room Other: Bathroom(s),Bedroom(s),Kitchen,Living Room
  • Appliances: Dryer, Oven, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 644
  • Room Count: 0
  • Sq Ft Other: 50

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Aluminum, Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Other - See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Piedmont
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.33
  • Lot Size Units: Acres
  • Parcel Number: 117-073-07
  • Zoning: R-5
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14374
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R5

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: Other
  • Pets Allowed: Conditional

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Reid Park
  • High School: Harding University

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Jan 31, 2023
Sold by
Magnolia Roots Real Estate Ii Llc
Bought by
Stowefield Llc
Seller's Agent
Thomas Elrod
Keller Williams Ballantyne Area
Buyer's Agent
Ashley Jamerson
Ashley Lambert Realty
List Price
$475,000
Sold Price
$300,000
Premium/Discount to List
-$175,000
-36.84%
Views
43
Current Estimated Value
$291,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,667
Avg. Annual Appreciation
0.13%
Original Mortgage
$630,000
Outstanding Balance
$613,463
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
-$312,463

Purchase Details

Closed on
Oct 21, 2020
Sold by
Ruby Street Llc
Bought by
Magnolia Roots Real Estate Ii Llc

Purchase Details

Closed on
May 31, 2016
Sold by
L & J Family Lp
Bought by
Ruby Street Llc

Purchase Details

Closed on
Feb 8, 2010
Sold by
Kelly William S and Munson Kelly Catherine L
Bought by
L&J Family Limited Partnership

Purchase Details

Closed on
Feb 17, 2005
Sold by
L & J Family Lp
Bought by
Kelly William S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$627,892
Interest Rate
5.6%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 28, 2003
Sold by
L & J Family Lp
Bought by
L & J Family Lp

Purchase Details

Closed on
Jan 15, 2003
Sold by
Lambeth Joyce R and Lambeth Lloyd M
Bought by
L & J Family Lp

Purchase Details

Closed on
Jun 1, 2001
Sold by
Lambeth Joyce R
Bought by
L & J Family Ltd Partnership
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
Stowefield Llc $900,000 Chicago Title
Magnolia Roots Real Estate Ii Llc $900,000 Chicago Title
Ruby Street Llc $850,000 None Available
L&J Family Limited Partnership -- None Available
Kelly William S $677,000 --
L & J Family Lp -- --
L & J Family Lp -- --
L & J Family Ltd Partnership $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stowefield Llc $630,000
Previous Owner Kelly William S $627,892
Closed Ruby Street Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2023 01/31/23 Sold $300,000 -33.3% $466 / Sq Ft
08/26/2022 08/26/22 Price Changed $450,000 -5.3% $699 / Sq Ft
07/20/2022 07/20/22 For Sale $475,000 -- $738 / 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 $1,936 $194,900 $75,000 $119,900
2022 $1,184 $110,400 $30,000 $80,400
2021 $1,184 $110,400 $30,000 $80,400
2020 $1,065 $110,400 $30,000 $80,400
2019 $1,340 $136,600 $30,000 $106,600
2018 $1,026 $61,400 $12,600 $48,800
2017 $984 $61,400 $12,600 $48,800
2016 $848 $61,400 $12,600 $48,800
2015 $1,005 $61,400 $12,600 $48,800
Source: Public Records

Agents Affiliated with this Home

  • Thomas Elrod

    Seller's Agent in 2023

    Thomas Elrod

    Keller Williams Ballantyne Area

    (704) 228-6900

    5 in this area

    612 Total Sales

    Thomas Elrod
    Section Image
  • Landon House

    Seller Co-Listing Agent in 2023

    Landon House

    Keller Williams Ballantyne Area

    (843) 368-2745

    6 in this area

    179 Total Sales

    Landon House
    Section Image
  • Ashley Jamerson

    Buyer's Agent in 2023

    Ashley Jamerson

    Ashley Lambert Realty

    (980) 319-3664

    5 in this area

    84 Total Sales

    Ashley Jamerson
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3886135

Canopy MLS (Canopy Realtor® Association)

APN: 117-073-07

North Carolina Mecklenburg County Charlotte 28208 Reid Park

2527 Eddington St, Charlotte, NC

This home is located at 2527 Eddington St, Charlotte, NC 28208 since 20 July 2022 and is currently estimated at $291,333, approximately $452 per square foot. This property was built in 1945. 2527 Eddington St is a home located in Mecklenburg County with nearby schools including Reid Park Academy, Wilson STEM Academy, and Harding University High School.

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