NOT LISTED FOR SALE

3701 Commonwealth Ave Charlotte, NC 28205

Commonwealth Park Neighborhood

Estimated Value: $1,181,769 - $1,243,000

4 Beds
3 Baths
2,852 Sq Ft
$423/Sq Ft Est. Value

Sale Details

Date Sold: February 22, 2019

Last sale price $775,000 $272 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $7,306 / mo

39 Days on Market

Highlights

  • Built in 2018 | Newly Remodeled
  • Arts and Crafts Architecture
  • Cathedral Ceiling
  • Open Floorplan
  • Outdoor Fireplace
  • Wood Flooring

About This Home

As of February 2019

Amazing custom home in very desirable location. Everything high end in a home. Site Finished hardwood w/Loba oil made in Australia, Chefs kitchens with floor to ceiling cabinets, soft close drawers, Quartzite countertops, Thermador 6 burner gas range plus griddle cooktop, Double oven, built in refrigerator and beverage center in the butlers pantry. Massive Walk in pantry. Living room & dining feature custom coffered ceilings and built ins. Stroll on your back porch from the double sliding doors and enjoy the outdoor fireplace. This home was meant for entertaining! Downstairs bedroom can double as an office. Downstairs features 10 foot ceilings. Upstairs you will find an open loft/game room or playroom. two secondary bedrooms and a Master suite w/vaulted ceilings. Master bath boasts a luxury spa feeling with 72 in. custom tub, marble shower w/dual shower heads and a walk in closet that you will covet! Exterior construction with 2x6 studs for higher energy efficiency.

Last Agent to Sell the Property

Billy Shugart

Jason Mitchell Real Estate License #234695 Listed on: 12/03/2018

Jason Mitchell Real Estate

Last Buyer's Agent

Kathy Norman

Keller Williams South Park License #254349

Keller Williams South Park

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 50x250
  • Corner Lot
  • Irrigation

Parking

  • 2

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Windows
  • Storage Room
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 3 Full Bathrooms

Outdoor Features

  • Outdoor Fireplace
  • Shed
  • Outdoor Gas Grill

Community Details

  • Built by DPS Construction

Listing and Financial Details

  • Assessor Parcel Number 129-113-01

Home Details

Home Type

Single Family

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0.27 Acres

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.96996
  • Ratio Close Price By Original Li: 0.96875
  • Ratio Current Price By Acre: 2870370.37
  • Ratio Current Price By Sq Ft: 271.74
  • Year Built: 2018
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 1576
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Cooktop Gas, Dishwasher, Disposal, Double Oven, Electric Dryer Hookup, Ice Maker Connection, Microwave, Natural Gas, Refrigerator, Wall Oven
  • Fireplace Description: Gas Logs, Gas Unvented, Living Room, Porch
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Built-Ins, Cathedral Ceiling(s), Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
  • Laundry Location: Upper, Laundry Room, Utility Room
  • Room Count: 2
  • Sq Ft Additional: 825
  • Main Level Sq Ft: 1276
  • Total Sq Ft: 2852
  • Sq Ft Unheated Main: 592
  • Sq Ft Unheated Total: 592

Exterior Features

  • Construction: Hardboard Siding
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Gas Grill, In-Ground Irrigation, Outdoor Fireplace, Shed(s), Storage Unit
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Detached Garage, Garage - 2 Car, Keypad Entry, Parking Space - 2, Side Load Garage

Utilities

  • Heating: Central Air, Electric Hot Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas, g-On-Demand Water Heater

Lot Info

  • Lot Dimension: 50x250
  • Lot Features: Corner Lot
  • Parcel Number: 129-113-01
  • Zoning Specification: R4

Building Info

  • Builder Name: DPS Construction

Tax Info

  • Tax Value: 160700.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2018
Closed on
Feb 22, 2019
Sold by
Shugart William H and Shugart William H
Seller's Agent
Billy Shugart
Jason Mitchell Real Estate
Buyer's Agent
Kathy Norman
Keller Williams South Park
List Price
$800,000
Sold Price
$775,000
Premium/Discount to List
-$25,000
-3.12%
Current Estimated Value
$1,254,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,106
Avg. Annual Appreciation
6.41%
Original Mortgage
$697,500
Outstanding Balance
$608,216
Interest Rate
4.4%
Mortgage Type
FHA
Estimated Equity
$598,726

Purchase Details

Closed on
Jun 25, 2018
Sold by
Shugart William H and Epley John R
Bought by
Shugart William H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 2016
Sold by
Shane Gavin Realty & Investments
Bought by
Shugart William and Epley John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.48%

Purchase Details

Closed on
Apr 26, 2016
Sold by
Curran Janet S
Bought by
Shane Gavin Realty & Investments Inc

Purchase Details

Closed on
Mar 16, 1995
Sold by
Weckel Monty P and Weckel Caroline M
Bought by
Curran Janet S
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
-- $775,000 Bridgetrust Title Group
Shugart William H -- None Available
Shugart William -- --
Shane Gavin Realty & Investments Inc $160,000 Investors Title Insurance Co
Curran Janet S $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $697,500
Previous Owner Shugart William H $564,000
Previous Owner Shugart William $216,000
Previous Owner Shugart William --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2019 02/22/19 Sold $775,000 -3.0% $272 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
12/27/2018 12/27/18 Price Changed $799,000 -0.1% $280 / Sq Ft
12/03/2018 12/03/18 For Sale $800,000 -- $281 / Sq Ft
Source: Canopy MLS

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 $7,881 $1,020,500 $250,000 $770,500
2024 $7,881 $1,020,500 $250,000 $770,500
2023 $7,625 $1,020,500 $250,000 $770,500
2022 $6,506 $661,200 $175,000 $486,200
2021 $6,495 $661,200 $175,000 $486,200
2020 $6,353 $542,300 $175,000 $367,300
2019 $5,325 $542,300 $175,000 $367,300
2018 $1,754 $160,700 $80,000 $80,700
2017 $2,143 $160,700 $80,000 $80,700
2016 $2,139 $161,100 $80,000 $81,100
2015 $2,127 $161,100 $80,000 $81,100
2014 $2,350 $178,100 $80,000 $98,100
Source: Public Records

Agents Affiliated with this Home

  • Billy Shugart

    Seller's Agent in 2019

    Billy Shugart

    Jason Mitchell Real Estate

    (704) 780-5581

    1 in this area

    170 Total Sales

    Billy Shugart
    Section Image
  • Kathy Norman

    Buyer's Agent in 2019

    Kathy Norman

    Keller Williams South Park

    (704) 609-3728

    97 Total Sales

    Kathy Norman
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3455878

Canopy MLS

APN: 129-113-01

North Carolina Mecklenburg County Charlotte 28205 Commonwealth Park

3701 Commonwealth Ave, Charlotte, NC

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Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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