NOT LISTED FOR SALE

Estimated Value: $267,000 - $330,000

3 Beds
2 Baths
1,292 Sq Ft
$155/mo HOA Fee

Last Sold October 31, 2018

Last sale price $125,000 $97 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $1,932/month

29 Days on Market

About This Home

As of October 2018

3 bedroom townhome in desirable "Raintree" subdivision. Steps away from the Arboretum w/shops, grocery, restaurants and movie theatre . Large great room opens to dining and kitchen area. Sliding doors leads to large patio and private courtyard. Home needs some TLC, but has amazing potential!! Hurry - this won't last long!

Last Agent to Sell the Property

Horace Bryan

Bryan & Associates Real Estate License #235975 Listed on: 08/29/2018

Last Buyer's Agent

Horace Bryan

Bryan & Associates Real Estate License #235975 Listed on: 08/29/2018

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • 3,485

HOA Fees

  • $155 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 2 Full Bathrooms
  • Fireplace

Community Details

  • Cedar Management Association, Phone Number (704) 644-8808

Listing and Financial Details

  • Assessor Parcel Number 225-152-58

Property Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

0

HOA Fees

$155 per month

Listing Details

  • Property Type: Condo/Townhouse
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 0.86207
  • Ratio Close Price By Original Li: 0.89286
  • Ratio Current Price By Acre: 1470588.24
  • Ratio Current Price By Sq Ft: 96.75
  • Unit Floor Level: 1
  • Year Built: 1974
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 3
  • Entry Level: Main
  • Equipment: Cable Prewire, Ceiling Fan(s)
  • Fireplace: Yes
  • H O A Management Phone: 704-644-8808
  • Laundry Location: Main
  • Room Count: 1
  • Main Level Sq Ft: 1292
  • Total Sq Ft: 1292
  • Sq Ft Unheated Main: 85
  • Sq Ft Unheated Total: 85

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 155.00
  • Association Fee Frequency: Monthly
  • Complex Name: The Fairways
  • HOA Management Company: Cedar Management
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Olde Providence
  • Middle School: South Charlotte
  • High School: Providence

Lot Info

  • Lot Dimension: 45x83x44x83
  • Lot Size Area: 0.085
  • Parcel Number: 225-152-58
  • Zoning Specification: R15PUD

Tax Info

  • Tax Value: 100000.00
  • Tax Location: Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 21, 2019
Sold by
Cp Property Acquisitions I Llc
Bought by
Cp Property Acquisitions Ii Llc
Current Estimated Value
$295,244

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 31, 2018
Sold by
Sistare Sherman Jr Abraham and Sistare Sherman Angela
Bought by
Cp Property Acquisitions I Llc
Seller's Agent
Horace Bryan
Bryan & Associates Real Estate
Buyer's Agent
Horace Bryan
Bryan & Associates Real Estate
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.04%
Original Mortgage
$3,000,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 29, 2018
Closed on
Oct 19, 2018
Sold by
Sherman Jeanette H and Sherman Abraham
Bought by
Sherman Abraham
Seller's Agent
Horace Bryan
Bryan & Associates Real Estate
Buyer's Agent
Horace Bryan
Bryan & Associates Real Estate
List Price
$140,000
Sold Price
$125,000
Premium/Discount to List
-$15,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
4.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1998
Sold by
Abraham Sherman
Bought by
Sherman Abraham and Sherman Jeannette H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
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
Cp Property Acquisitions Ii Llc -- Westcor Land Title Ins Co
Cp Property Acquisitions I Llc $125,000 None Available
Sherman Abraham -- None Available
Sherman Abraham -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cp Property Acquisitions I Llc $3,000,000
Previous Owner Sherman Abraham $100,000
Previous Owner Sherman Abraham $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2018 10/31/18 Sold $125,000 -13.8% $97 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
08/29/2018 08/29/18 Price Changed $145,000 +3.6% $112 / Sq Ft
08/29/2018 08/29/18 For Sale $140,000 -- $108 / 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
2024 $2,062 $252,100 $55,000 $197,100
2023 $1,988 $252,100 $55,000 $197,100
2022 $1,714 $164,600 $55,000 $109,600
2021 $1,703 $164,600 $55,000 $109,600
2020 $1,696 $164,600 $55,000 $109,600
2019 $1,680 $164,600 $55,000 $109,600
2018 $1,385 $100,000 $22,500 $77,500
2017 $1,357 $100,000 $22,500 $77,500
2016 $1,348 $100,000 $22,500 $77,500
2015 $1,336 $100,000 $22,500 $77,500
2014 $1,323 $100,000 $22,500 $77,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3425705

Canopy MLS (Canopy Realtor® Association)

APN: 225-152-58