NOT LISTED FOR SALE

5008 Chestnut Lake Dr Charlotte, NC 28227

Marlwood Neighborhood

Estimated Value: $365,000 - $395,033

4 Beds
2.5 Baths
2,070 Sq Ft
$185/Sq Ft Est. Value

Last Sold August 16, 2022

Last sale price $365,000 $176 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,323/month

50 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Vinyl Flooring
  • Traditional Architecture
  • Central Heating

About This Home

As of August 2022

Beautifully updated 4 bed 2.5 bath home in Charlotte. Fresh paint throughout. New LVP and carpet. Living room has brick fireplace. Kitchen features new cabinets, granite countertops, tile backsplash, SS appliances and beautiful open shelving. Lighting and plumbing fixtures have been updated. Bathrooms have new vanities, mirrors, tubs, and toilets. Primary has a tiled shower and ceramic tile flooring. Sunroom provides lots of natural light as you overlook the deck and fenced in backyard. Close to restaurants. 15 mins to Uptown.

Last Agent to Sell the Property

Tracey Vail

Vail Realty LLC License #284947 Listed on: 06/09/2022

Last Buyer's Agent

Mel Roy

EXP Realty LLC Ballantyne License #317094

EXP Realty LLC Ballantyne

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,891

Year Built

  • Built in 1977

Lot Details

  • 0.4

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Living Room with Fireplace
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Albemarle Road Elementary And Middle School
  • Independence High School

Utilities

  • Central Heating
  • Heat Pump System

Additional Features

  • Deck
  • Zoning described as R4

Community Details

  • Chestnut Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 135-072-33

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,891

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1977
  • Ratio Current Price By Acre: 912500.00
  • Road Surface Type: Concrete
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 176.33
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1098
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 972
  • Porch: Back,Deck
  • Appliances: CO Detector, Dishwasher, Disposal, Electric Range, Microwave
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Living Area: 2070
  • Full Bathrooms: 1
  • Total Bedrooms: 0
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: Charlotte
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Driveway

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: Albemarle Road
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.4
  • Lot Size Units: Acres
  • Parcel Number: 135-072-33
  • Zoning Description: R4
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.79035

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Albemarle Road
  • High School: Independence

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Aug 16, 2022
Sold by
Atmore Properties Llc
Bought by
Mailer Christen Rebekah Scot and Mailer Andrew H
Seller's Agent
Tracey Vail
Vail Realty LLC
Buyer's Agent
Mel Roy
EXP Realty LLC Ballantyne
List Price
$389,900
Sold Price
$365,000
Premium/Discount to List
-$24,900
-6.39%
Current Estimated Value
$382,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,008
Avg. Annual Appreciation
1.51%
Original Mortgage
$346,750
Outstanding Balance
$332,438
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$49,570

Purchase Details

Closed on
Mar 16, 2022
Sold by
Ruse Leveat A and Ruse Tracy A
Bought by
Atmore Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2016
Sold by
Middleton Bradford
Bought by
Ruse Leveat A and Ruse Tracy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,860
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 6, 2007
Sold by
Va
Bought by
Middleton Bradford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,100
Interest Rate
6.29%
Mortgage Type
VA

Purchase Details

Closed on
Sep 26, 2006
Sold by
Demello Gregory G
Bought by
Va

Purchase Details

Closed on
Jul 4, 2005
Sold by
Demello Gregory G
Bought by
Means Scott A
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
Mailer Christen Rebekah Scot $365,000 Law Office Of Robert Forquer P
Atmore Properties Llc $270,000 Investors Title
Atmore Properties Llc $270,000 Investors Title
Ruse Leveat A $165,000 Investors Title Ins
Middleton Bradford -- None Available
Va $90,526 None Available
Means Scott A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mailer Christen Rebekah Scot $346,750
Previous Owner Atmore Properties Llc $243,000
Previous Owner Ruse Leveat A $4,860
Previous Owner Middleton Bradford J $88,500
Previous Owner Middleton Bradford $93,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2022 08/16/22 Sold $365,000 -2.6% $176 / Sq Ft
07/29/2022 07/29/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $374,900 -3.8% $181 / Sq Ft
07/05/2022 07/05/22 For Sale $389,900 0.0% $188 / Sq Ft
06/21/2022 06/21/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $389,900 -- $188 / 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 $2,891 $361,500 $57,800 $303,700
2023 $2,891 $361,500 $57,800 $303,700
2022 $2,146 $209,400 $30,000 $179,400
2021 $2,135 $209,400 $30,000 $179,400
2020 $2,128 $209,400 $30,000 $179,400
2019 $2,112 $209,400 $30,000 $179,400
2018 $1,501 $108,800 $18,000 $90,800
2017 $1,471 $108,800 $18,000 $90,800
2016 $1,462 $108,800 $18,000 $90,800
2015 $1,450 $108,800 $18,000 $90,800
2014 $1,459 $108,800 $18,000 $90,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3870748

Canopy MLS (Canopy Realtor® Association)

APN: 135-072-33