NOT LISTED FOR SALE

5000 Rea Rd Charlotte, NC 28226

Olde Providence South Neighborhood

Estimated Value: $1,613,000 - $3,242,868

5 Beds
6 Baths
5,969 Sq Ft
$411/Sq Ft Est. Value

About This Home

This home is located at 5000 Rea Rd, Charlotte, NC 28226 and is currently estimated at $2,455,717, approximately $411 per square foot. 5000 Rea Rd is a home located in Mecklenburg County with nearby schools including Olde Providence Elementary, Carmel Middle, and South Mecklenburg High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2016
Sold by
Werder Marlena M
Bought by
Shumate Mark A and Shumate Carla M
Current Estimated Value
$2,455,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Outstanding Balance
$534,059
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$1,921,658

Purchase Details

Closed on
Mar 2, 2015
Sold by
Werder Bruce C and Werder Marlena M
Bought by
Werder Marlena M

Purchase Details

Closed on
Dec 9, 2005
Sold by
Albers Russell C and Albers Nancy H
Bought by
Werder Bruce C and Werder Marlena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 7, 2003
Sold by
Albers Russell C and Albers Nancy H
Bought by
Albers Russell C and Albers Nancy H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.62%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 31, 1999
Sold by
Melvin Michael Shane and Melvin Rita B
Bought by
Albers Russell C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,700
Interest Rate
7.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 31, 1998
Sold by
Kessell Frederick C and Kessell Susan E
Bought by
Melvin Michael Shane and Melvin Rita B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.75%

Purchase Details

Closed on
Aug 27, 1998
Sold by
Shepherd Joseph C
Bought by
Kessell Frederick C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.75%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Shumate Mark A $950,000 Master Title Agency Llc
Werder Marlena M -- None Available
Werder Bruce C $1,275,000 --
Albers Russell C -- --
Albers Russell C $675,000 --
Melvin Michael Shane $625,000 --
Kessell Frederick C $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shumate Carla M $100,000
Open Shumate Mark A $665,000
Previous Owner Werder Marlena $100,900
Previous Owner Werder Bruce C $892,500
Previous Owner Albers Russell C $400,000
Previous Owner Albers Russell C $215,000
Previous Owner Albers Russell C $223,000
Previous Owner Albers Russell C $348,700
Previous Owner Albers Russell C $225,000
Previous Owner Melvin Michael Shane $500,000
Source: Public Records

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 $16,000 $2,092,800 $840,000 $1,252,800
2023 $15,490 $2,092,800 $840,000 $1,252,800
2022 $13,883 $1,425,600 $469,000 $956,600
2021 $13,872 $1,425,600 $469,000 $956,600
2020 $13,864 $1,425,600 $469,000 $956,600
2019 $13,849 $1,425,600 $469,000 $956,600
2018 $14,835 $1,125,200 $216,100 $909,100
2017 $14,628 $1,125,200 $216,100 $909,100
2016 $14,618 $1,125,200 $216,100 $909,100
2015 $14,607 $1,125,200 $216,100 $909,100
2014 $15,181 $0 $0 $0
Source: Public Records

Map

North Carolina Mecklenburg County Charlotte 28226 Olde Providence South

5000 Rea Rd, Charlotte, NC

This home is located at 5000 Rea Rd, Charlotte, NC 28226 and is currently estimated at $2,455,717, approximately $411 per square foot. 5000 Rea Rd is a home located in Mecklenburg County with nearby schools including Olde Providence Elementary, Carmel Middle, and South Mecklenburg High School.

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