NOT LISTED FOR SALE

425 Walnut Ave Charlotte, NC 28208

Wesley Heights Neighborhood

Estimated Value: $587,000 - $867,000

5 Beds
3 Baths
2,199 Sq Ft
$325/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $424,900 $193 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,066/month

19 Days on Market

Highlights

  • Arts and Crafts Architecture
  • Corner Lot
  • Fireplace
  • Wood Flooring
  • Recreation Facilities
  • Trails

About This Home

As of December 2020

Check out this corner lot triplex located in the Wesley Heights Historic District! Middle of the neighborhood and in a row of beautiful Arts & Crafts style homes. This property is full of potential for homeowners or investors. Perfect for major renovation back into single family or keep as an income-producing multi-family. Currently set up as three rental units. Unit 1 is a 2 bedroom, 1 bathroom. Unit 2 is a 1 bedroom, 1 bathroom. Unit 3 is a 2 bedroom, 1 bathroom. Sold AS-IS.

Last Agent to Sell the Property

Michael Doney

5 Points Realty License #228949 Listed on: 11/05/2020

Last Buyer's Agent

Heather Smith

Yancey Realty, LLC License #319649

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Triplex
  • Arts and Crafts Architecture

Interior Spaces

  • 3 Full Bathrooms
  • Fireplace
  • Insulated Windows
  • Crawl Space

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Community Details

  • Recreation Facilities
  • Trails

Listing and Financial Details

  • Tenant pays for electricity
  • Rent includes sewer, water
  • Assessor Parcel Number 071-013-16

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Arts and Crafts
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.94443
  • Ratio Close Price By Original Li: 0.94443
  • Ratio Current Price By Acre: 2499411.76
  • Ratio Current Price By Sq Ft: 193.22
  • Year Built: 1935
  • Property Features: Porch/Patio
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Doors and Windows: g-Insulated Door(s), Insulated Windows
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Laundry Location: Main
  • Total Sq Ft: 2199

Exterior Features

  • Construction: Shingle
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Earth, Gravel
  • Parking: Driveway, On-Street Parking

Utilities

  • Heating: Electric Baseboard Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Recreation Area, Sidewalk, Street Lights, Walking Trails

Lot Info

  • Lot Dimension: 55*137
  • Lot Features: Corner Lot
  • Parcel Number: 071-013-16
  • Zoning Specification: R5

Rental Info

  • Rent Includes: Sewer, Water
  • Tenant Pays: Electricity

Tax Info

  • Tax Value: 371300.00
  • Tax Location: Charlotte

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 2024
Sold by
Gallagher Alexander and Gallagher Lauren
Bought by
Brawn Realty Llc
Current Estimated Value
$715,517

Purchase Details

Listed on
Nov 5, 2020
Closed on
Dec 30, 2020
Sold by
Markallen Enterprises Inc
Bought by
Gallagher Alexander
Seller's Agent
Michael Doney
5 Points Realty
Buyer's Agent
Heather Smith
Yancey Realty, LLC
List Price
$449,900
Sold Price
$424,900
Premium/Discount to List
-$25,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Original Mortgage
$318,675
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2020
Closed on
Nov 1, 2020
Sold by
Smith Jeffry A and Davis Terry M
Bought by
Mark Allen Enterprises Inc
Seller's Agent
Michael Doney
5 Points Realty
Buyer's Agent
Heather Smith
Yancey Realty, LLC
List Price
$449,900
Sold Price
$424,900
Premium/Discount to List
-$25,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,675
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Perry Linda C
Bought by
Davis Terry and Smith Jeffry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 1999
Sold by
Perry Linda C and Mccall James P
Bought by
Perry Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,050
Interest Rate
10.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brawn Realty Llc -- None Listed On Document
Gallagher Alexander $425,000 None Available
Mark Allen Enterprises Inc -- None Available
Davis Terry $115,000 --
Perry Linda C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gallagher Alexander $318,675
Previous Owner Davis Terry $92,000
Previous Owner Perry Linda C $76,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2020 12/31/20 Sold $424,900 -5.6% $193 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $449,900 0.0% $205 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $449,900 -- $205 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $4,613 $647,800 $300,000 $347,800
2024 $4,613 $548,400 $300,000 $248,400
2023 $5,060 $632,900 $300,000 $332,900
2022 $3,896 $364,700 $200,000 $164,700
2021 $3,927 $371,300 $200,000 $171,300
2020 $3,905 $371,300 $200,000 $171,300
2019 $3,858 $371,300 $200,000 $171,300
2018 $2,492 $173,100 $76,000 $97,100
2017 $2,430 $173,100 $76,000 $97,100
2016 $2,401 $173,100 $76,000 $97,100
2015 $2,367 $173,100 $76,000 $97,100
2014 $2,340 $173,100 $76,000 $97,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Doney

    Seller's Agent in 2020

    Michael Doney

    5 Points Realty

    (704) 819-3944

    1 in this area

    141 Total Sales

    Michael Doney
    Section Image

  • H

    Buyer's Agent in 2020

    Heather Smith

    Yancey Realty, LLC

    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3679701

Canopy MLS (Canopy Realtor® Association)

APN: 071-013-16

North Carolina Mecklenburg County Charlotte 28208 Wesley Heights

425 Walnut Ave, Charlotte, NC

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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