NOT LISTED FOR SALE

305 Orchard Trace Ln Unit 3 Charlotte, NC 28213

Hidden Valley Neighborhood

Estimated Value: $91,000 - $147,639

1 Bed
1 Bath
598 Sq Ft
$189/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $86,000 $144 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $817/month

24 Days on Market

Highlights

  • In Ground Pool
  • Traditional Architecture
  • Tennis Courts
  • Clubhouse
  • Lawn
  • Rear Porch

About This Home

As of December 2021

A hidden treasure in the University area. Super convenient condo located off North Tryon with direct access to Lynx light rail. Lots of retail shopping centers and restaurants nearby.

Tenant occupied. A great investment opportunity awaits.

This condo is located on the first floor overlooking the pool with outside storage space. Easy access to the laundry room in the same building.

All new carpet throughout the home was installed in 03/2021. New bottom kitchen cabinets and all new appliances installed in 04/2021. The kitchen floors were also newly installed in 2021. Bathroom floors are ceramic tiles.

Last Agent to Sell the Property

Ivory Barber

EXP Realty LLC Ballantyne Brokerage Email: ivorylrealestate@gmail.com License #314896 Listed on: 10/25/2021

EXP Realty LLC Ballantyne

Last Buyer's Agent

Amelia Fernandez

EXP Realty LLC License #325109

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $746

Year Built

  • Built in 1974

Lot Details

  • Lawn

HOA Fees

  • $156 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Property Attached
  • Entry on the 2nd floor
  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 598 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Patio
  • Rear Porch

Utilities

  • Forced Air Heating System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 08925191

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$746

Year Built

Built in 1974

Lot Details

0

HOA Fees

$156 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 1974
  • Restrictions: N/A
  • Special Assessment Yn: 1
  • Special Assessment Description: 12/2021 $55.12
  • Road Surface Type: Asphalt
  • Unit Levels: One
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 143.81
  • Attribution Contact: ivorylrealestate@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 2
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 598
  • 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: Dishwasher, Disposal, Electric Range, Electric Water Heater, Freezer, Refrigerator
  • Above Grade Finished Sq Ft: 598
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Entry Location: Main
  • Living Area: 598
  • Bedroom Main: 1
  • Room Count: 5

Exterior Features

  • Exterior Features: Lawn Maintenance, In Ground Pool, Storage, Tennis Court(s)
  • New Construction: No
  • Roof: None
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Brick Full
  • Patio And Porch Features: Patio, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Lot

Utilities

  • Heating: Central, Electric, Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Common Area
  • Security: Carbon Monoxide Detector(s)
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Outdoor Pool, Playground, Tennis Court(s)
  • Association Fee: 156.25
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Orchard Trace
  • Association Name: Greenway Realty
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly
  • Association Email: info@greenwayrm.com

Schools

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

Lot Info

  • Parcel Number: 08925191
  • Plat Reference Section Pages: 932
  • Land Included Yn: 0
  • Zoning Specification: R17MF

Green Features

  • Green Verification Count: 1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2024
Sold by
Griffith Brian
Bought by
Orchard Trace Lane Properties Llc
Current Estimated Value
$112,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$79,159
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$33,721

Purchase Details

Listed on
Oct 25, 2021
Closed on
Dec 22, 2021
Sold by
Glenn Properties Llc
Bought by
Griffith Brian
Seller's Agent
Ivory Barber
EXP Realty LLC Ballantyne
Buyer's Agent
Amelia Fernandez
EXP Realty LLC
List Price
$85,000
Sold Price
$86,000
Premium/Discount to List
$1,000
1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.46%
Original Mortgage
$56,000
Interest Rate
3.05%
Mortgage Type
New Conventional
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
Orchard Trace Lane Properties Llc $100,000 Tryon Title
Griffith Brian $86,000 Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orchard Trace Lane Properties Llc $80,000
Previous Owner Griffith Brian $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $86,000 +1.2% $144 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $85,000 -- $142 / 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 $746 $78,282 -- $78,282
2024 $746 $78,282 -- $78,282
2023 $713 $78,282 $0 $78,282
2022 $503 $39,100 $0 $39,100
2021 $492 $39,100 $0 $39,100
2020 $484 $39,100 $0 $39,100
2019 $469 $39,100 $0 $39,100
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

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3796984

Canopy MLS (Canopy Realtor® Association)

APN: 089-251-91