$120,000
SOLD JUL 8, 2024

401 Orchard Trace Ln Unit 4 Charlotte, NC 28213

Hidden Valley Neighborhood
2 Beds
1 Bath
829 Sq Ft
$258/mo HOA Fee

Recently Sold

$145 Per Sq Ft

2 Days on Market

Highlights

  • Patio
  • 1-Story Property
  • Central Heating and Cooling System
  • Laundry Room
  • Four Sided Brick Exterior Elevation

About This Home

As of July 2024

Are you a first time homebuyer or looking to expand your investment portfolio? Look no further!! This adorable 2 bedroom and 1 bathroom condo located less than 20 minute from center city Charlotte is ready for you! This adorable condo is located on the first floor. Enter into the home featuring an open floor plan with the dining area and living room. From the living room, a sliding glass door opens to the back patio area. Lease is month to month and $895/mo.

Last Agent to Sell the Property

Macy Jordan

CRE Management, LLC Brokerage Email: macyjordanrealestate@gmail.com License #340185 Listed on: 05/28/2024

CRE Management, LLC

Co-Listed By

Kirk Hanson

Coldwell Banker- CK Select Brokerage Email: macyjordanrealestate@gmail.com License #235328

Last Buyer's Agent

Richard Esquer

The Advisor Group Carolinas License #282961

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $446

Year Built

  • Built in 1974

HOA Fees

  • $258 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 829 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 1 Open Parking Space
  • Parking Lot

Schools

  • Newell Elementary School
  • Martin Luther King Jr Middle School
  • Julius L. Chambers High School

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • Greenway Realty Management Association, Phone Number (704) 940-0847
  • Orchard Trace Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 089-252-11

Property Details

Home Type

Condominium

Est. Annual Taxes

$446

Year Built

Built in 1974

Lot Details

0

HOA Fees

$258 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1974
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 144.75
  • Geocode Confidence: High
  • Attribution Contact: macyjordanrealestate@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 829
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 829
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 829
  • Bedroom Main: 2
  • Room Count: 6

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Full
  • Patio And Porch Features: Patio

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Parking Lot, Parking Space(s)

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 258.2
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Greenway Realty Management
  • Phone: 704-940-0847
  • ResoAssociationFeeFrequency: Monthly
  • Association Email: Ken@greenwayrm.com

Association/Amenities

  • Association Annual Expense: 3098.40

Schools

  • Middle Or Junior School: Martin Luther King Jr
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 089-252-11
  • Zoning: R17MF
  • Land Included Yn: 0
  • Zoning Specification: R17MF

Rental Info

  • Pets Allowed: Yes, Breed Restrictions

MLS Schools

  • Elementary School: Newell
  • High School: Julius L. Chambers

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2024
Closed on
Jul 2, 2024
Sold by
Regent Property Investment Llc
Bought by
Orchard Trace Lane Properties Llc
Seller's Agent
Macy Jordan
CRE Management, LLC
Buyer's Agent
Richard Esquer
The Advisor Group Carolinas
List Price
$120,000
Sold Price
$120,000
Total Days on Market
2
Views
35
Current Estimated Value
$125,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,698
Avg. Annual Appreciation
5.23%
Original Mortgage
$96,000
Outstanding Balance
$95,267
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
$30,431

Purchase Details

Closed on
Apr 16, 2010
Sold by
Btat Properties Llc
Bought by
Regent Property Investment Llc

Purchase Details

Closed on
Oct 10, 2008
Sold by
Andrews Brian T and Andrews Tara
Bought by
Btat Properties Llc

Purchase Details

Closed on
Apr 3, 2001
Sold by
Smalley Mona R
Bought by
Andrews Brian T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,800
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $120,000 None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $41,000 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $96,000 Credit Line Revolving
Previous Owner $32,800 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $120,000 0.0% $145 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $120,000 -- $145 / 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 $446 $102,043 $0 $102,043
2022 $446 $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: 4143218

Canopy MLS (Canopy Realtor® Association)

APN: 089-252-11