NOT LISTED FOR SALE

332 Orchard Trace Ln Unit 4 Charlotte, NC 28213

Hidden Valley Neighborhood

Estimated Value: $101,000 - $149,544

2 Beds
1 Bath
828 Sq Ft
$248/mo HOA Fee

Last Sold September 30, 2020

Last sale price $65,000 $79 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $971/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Community Pool
  • Vinyl Flooring

About This Home

As of September 2020

MULTIPLE OFFERs Highest and Best Monday, 8-17-2020 2pm! Property is tenant-occupied through October 2020-subject to lease. Please DO NOT disturb tenants. Great opportunity within walking distance to light rail, Minutes to UNCC,shopping,restaurants and easy access to the interstate. 2 bedroom/1 bath main floor unit with refrigerator. Each building has a secure entry code and there is a laundry facility on site. Community has a pool. This has been an investment property, owner has never occupied. Great rental history- see attached property management fees and projected rent for this size unit. Second HOA payment of $64.58 runs through 12/31/2021 NO showings until offer has been accepted. See agent remarks for more info.

Last Agent to Sell the Property

Trisha Hamilton

NextHome Paramount License #218200 Listed on: 08/12/2020

NextHome Paramount

Last Buyer's Agent

Sarah Kennerly

Cottingham Chalk License #81208

Cottingham Chalk

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • 7

HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 089-253-34

Community Details

Overview

  • Kinley Properties Association, Phone Number (704) 335-4050

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0

HOA Fees

$248 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.08333
  • Ratio Close Price By Original Li: 1.08333
  • Ratio Current Price By Sq Ft: 78.50
  • Unit Floor Level: 2
  • Year Built: 1974
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Entry Level: Main
  • Equipment: Refrigerator
  • Flooring: Carpet, Laminate Wood, Vinyl
  • H O A Management Phone: 704-335-4050
  • Laundry Location: Common Facility
  • Room Count: 1
  • Sq Ft Additional: 24
  • Main Level Sq Ft: 828
  • Total Sq Ft: 828

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Heating: Central Air, Electric Hot Air
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Outdoor Pool
  • Association Fee: 182.92
  • Association Fee Frequency: Monthly
  • Complex Name: Orchard Trace
  • HOA Management Company: Kinley Properties
  • Hoa Subject To Dues: Mandatory
  • Association #2 Fee: 64.58
  • Association #2 Fee Frequency: Monthly

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Parcel Number: 089-253-34
  • Plat Reference Section Pages: 749
  • Zoning Specification: R17MF

Tax Info

  • Tax Value: 46200.00
  • Tax Location: Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Brr Orchard Trace Llc
Bought by
Flexwise Investments Llc
Current Estimated Value
$122,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,520
Outstanding Balance
$130,806
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
-$9,206

Purchase Details

Listed on
Aug 12, 2020
Closed on
Sep 30, 2020
Sold by
Simpson Ian Scott and Simpson Hannah Lynch
Bought by
Brr Orchard Trace Llc
Seller's Agent
Trisha Hamilton
NextHome Paramount
Buyer's Agent
Sarah Kennerly
Cottingham Chalk
List Price
$60,000
Sold Price
$65,000
Premium/Discount to List
$5,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
Jul 8, 2010
Sold by
Brandt Ann and Devane Rona
Bought by
Simpson Ian Scott and Simpson Hannah Lynch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
4.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 4, 2004
Sold by
Brandt Owen and Brandt Ann
Bought by
Brandt Ann and Devane Rona
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
Flexwise Investments Llc $180,000 Woodward & Woodward Pllc
Brr Orchard Trace Llc $65,000 None Available
Simpson Ian Scott $20,000 None Available
Brandt Ann -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flexwise Investments Llc $137,520
Previous Owner Simpson Ian Scott $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $65,000 +8.3% $79 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $60,000 -- $72 / 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 $571 $102,043 $0 $102,043
2022 $571 $46,200 $0 $46,200
2021 $560 $46,200 $0 $46,200
2020 $553 $46,200 $0 $46,200
2019 $537 $46,200 $0 $46,200
2018 $472 $30,400 $4,500 $25,900
2017 $456 $30,400 $4,500 $25,900
2016 $447 $30,400 $4,500 $25,900
2015 $435 $30,400 $4,500 $25,900
2014 $429 $36,200 $4,500 $31,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3650357

Canopy MLS (Canopy Realtor® Association)

APN: 089-253-34