NOT LISTED FOR SALE

Estimated Value: $1,050,000 - $1,125,188

6 Beds
3 Baths
3,829 Sq Ft
$284/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $899,000 $235 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,237/month

112 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Central Heating
  • Olde Providence Elementary Rated A-
  • Cul-De-Sac

About This Home

As of December 2022

Almost 1.2 acres in South Charlotte with multiple options for the right investor. Option 1 - property is nearing completion of zoning approvals for the construction of a 10 unit townhome development. Final approvals for construction are expected at the first of November. Build to sell or build to rent - your call. Option 2 - all 3 units are currently rented with tenants on month to month leases. Just leave the tri-plex as-is and increase rents to market value. Option 3 - rehab the existing tri-plex and re-rent at higher rates to hold or sell. There's even space on the back to add a 4th unit. So many options on a great property! There are 2 other new developments under construction right around the corner from this one. Don't miss out!

Last Agent to Sell the Property

Josh Jolley

ProStead Realty License #289680 Listed on: 09/09/2022

ProStead Realty

Last Buyer's Agent

Miranda Wash

Choice Properties LLC License #264461

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • Cul-De-Sac
  • Sloped Lot

Home Design

  • Triplex
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • 3,829 Sq Ft Home
  • Den with Fireplace
  • Crawl Space
  • Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Parking Spaces
  • 1 to 5 Parking Spaces

Schools

  • Olde Providence Elementary School
  • Carmel Middle School
  • Myers Park High School

Utilities

  • Central Heating

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for all except water
  • Rent includes water
  • Assessor Parcel Number 21127314

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Ranch
  • Year Built: 1962
  • Ratio Current Price By Acre: 761864.41
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: Triplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Fixture Exception Yn: 0
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1272
  • Fireplace Features: Den
  • Living Area: 3829
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1285
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1272
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1272

Exterior Features

  • New Construction: No
  • Tax Location: Charlotte
  • Construction Type: Site Built
  • Property Features: Range/Oven,Refrigerator,W/D Connection
  • Waterfront Features: None
  • Construction Type: Brick

Garage/Parking

  • Total Parking Spaces: 6
  • Main Level Garage YN: 0
  • Parking Features: Parking Space - 4+

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Other
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Cul-De-Sac, Sloped
  • Lot Size Units: Acres
  • Parcel Number: 21127314
  • Zoning Description: R-12 MF
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: Water
  • Tenant Pays: All except water
  • Pets Allowed: No

Tax Info

  • RATIO List Price By Tax Amount: 1.99911

Multi Family

  • Number Of Units Total: 3
  • Unit Count: 3

MLS Schools

  • Elementary School: Olde Providence
  • High School: Myers Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2022
Closed on
Dec 28, 2022
Sold by
Widespread Capital Llc
Bought by
Seasons Realty Llc
Seller's Agent
Josh Jolley
ProStead Realty
Buyer's Agent
Miranda Wash
Choice Properties LLC
List Price
$899,000
Sold Price
$899,000
Views
213
Current Estimated Value
$1,086,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,396
Avg. Annual Appreciation
6.54%
Original Mortgage
$406,250
Outstanding Balance
$391,490
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$694,906

Purchase Details

Listed on
Jan 26, 2021
Closed on
Jul 23, 2021
Sold by
Amador Rueda Ofeli and The Ofelia Amador Rueda Revoca
Bought by
Widespread Capital Llc
Seller's Agent
Hattie Wheeler
Lyrubec Properties LLC
Buyer's Agent
Josh Jolley
ProStead Realty
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.37%
Original Mortgage
$399,200
Interest Rate
2.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2019
Sold by
Amador Rueda Ofelia
Bought by
Ofelia Amador Rueda Revocable Trust

Purchase Details

Listed on
Sep 15, 2014
Closed on
Nov 20, 2014
Sold by
Filip Ioan and Filip Daniela
Bought by
Amador Rueda Ofelia
Seller's Agent
Emma Oprea
Oprea Realty Group LLC
Buyer's Agent
Emma Oprea
Oprea Realty Group LLC
List Price
$199,000
Sold Price
$150,000
Premium/Discount to List
-$49,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.51%

Purchase Details

Listed on
Aug 26, 2013
Closed on
Nov 14, 2013
Sold by
Smith Dorothy B
Bought by
Filip Ioan and Filip Daniela
Seller's Agent
Roger Parham
Steel Skin Realty
Buyer's Agent
Emma Oprea
Oprea Realty Group LLC
List Price
$150,000
Sold Price
$122,000
Premium/Discount to List
-$28,000
-18.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.45%

Purchase Details

Closed on
Aug 17, 1983
Bought by
Smith Dorothy Beatty
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Seasons Realty Llc $899,000 --
Widespread Capital Llc $499,000 South City Title
Ofelia Amador Rueda Revocable Trust -- None Available
Amador Rueda Ofelia $150,000 None Available
Filip Ioan $122,000 None Available
Smith Dorothy Beatty -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seasons Realty Llc $406,250
Previous Owner Widespread Capital Llc $399,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2022 12/30/22 Sold $899,000 0.0% $235 / Sq Ft
09/09/2022 09/09/22 For Sale $899,000 +80.2% $235 / Sq Ft
07/29/2021 07/29/21 Sold $499,000 0.0% $151 / Sq Ft View Prior Sale
03/17/2021 03/17/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $499,000 0.0% $151 / Sq Ft
02/02/2021 02/02/21 Off Market $499,000 -- --
01/30/2021 01/30/21 Pending -- -- --
01/26/2021 01/26/21 For Sale $499,000 +232.7% $151 / Sq Ft
11/21/2014 11/21/14 Sold $150,000 -24.6% $45 / Sq Ft View Prior Sale
10/20/2014 10/20/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $199,000 +63.1% $60 / Sq Ft
11/14/2013 11/14/13 Sold $122,000 -18.7% $37 / Sq Ft View Prior Sale
10/15/2013 10/15/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $150,000 -- $45 / 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 -- $872,500 $720,000 $152,500
2024 -- $872,500 $720,000 $152,500
2023 $6,539 $872,500 $720,000 $152,500
2022 $4,465 $449,700 $131,300 $318,400
2021 $4,454 $449,700 $131,300 $318,400
2020 $4,447 $449,700 $131,300 $318,400
2019 $4,431 $449,700 $131,300 $318,400
2018 $3,528 $263,300 $120,000 $143,300
2017 $3,471 $263,300 $120,000 $143,300
2016 $3,462 $263,300 $120,000 $143,300
2015 $3,450 $263,300 $120,000 $143,300
2014 $3,421 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3902911

Canopy MLS (Canopy Realtor® Association)

APN: 211-273-14