501 King Edward Rd Charlotte, NC 28211
Sherwood Forest Neighborhood
6
Beds
6
Baths
3,406
Sq Ft
0.45
Acres
Highlights
- Transitional Architecture
- Corner Lot
- Laundry Room
- East Mecklenburg High Rated A-
- Wrap Around Porch
- Central Heating
About This Home
As of April 2025HUGE PRICE DROP!!! This charming home features a spacious wrap-around porch, perfect for enjoying cooler weather. Inside, the large living room seamlessly connects to the dining area and kitchen, providing an open layout that's ideal for entertaining. The kitchen offers ample workspace for food preparation and serving. Upstairs, you'll find three well-sized bedrooms and two full bathrooms, offering plenty of space for family or guests. Situated in a great location, the home is conveniently close to the highway and just a short distance from Uptown, making commuting and accessing amenities a breeze.
Last Agent to Sell the Property
C-A-RE Realty Brokerage Email: DonAnthonyRealty@gmail.com License #249687 Listed on: 09/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,959
Year Built
- Built in 1977
Lot Details
- Corner Lot
Home Design
- Duplex
- Transitional Architecture
- Slab Foundation
Interior Spaces
- 3,406 Sq Ft Home
- Property has 2 Levels
- Ceiling Fan
- Wood Burning Fireplace
- Insulated Windows
- Living Room with Fireplace
- Vinyl Flooring
- Pull Down Stairs to Attic
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
Parking
- Driveway
- 3 Open Parking Spaces
Outdoor Features
- Wrap Around Porch
- Patio
Schools
- Rama Road Elementary School
- Mcclintock Middle School
- East Mecklenburg High School
Utilities
- Central Heating
- Heat Pump System
Community Details
- Lincolnshire Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for management
- Assessor Parcel Number 185-155-09
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 19, 2024
Closed on
Apr 9, 2025
Sold by
Costanzo Brian and Costanzo Kathy
Bought by
Ghally George Wagdi and Meleka Maureen
Seller's Agent
Don Anthony
C-A-RE Realty
Buyer's Agent
Joel Serepca
RE/MAX Executive
List Price
$695,000
Sold Price
$615,000
Premium/Discount to List
-$80,000
-11.51%
Views
161
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,261
Avg. Annual Appreciation
74.66%
Original Mortgage
$584,250
Outstanding Balance
$584,250
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$142,750
Purchase Details
Closed on
Jun 1, 2017
Sold by
Mcquay Richard Leighton
Bought by
Constanzo Brian
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,000
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 8, 1988
Bought by
Mcquay Richard Leighton and Mcquay Marion C
Similar Homes in Charlotte, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $615,000 | None Listed On Document | |
| Warranty Deed | $615,000 | None Listed On Document | |
| Warranty Deed | $175,000 | None Available | |
| Deed | $118,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $584,250 | New Conventional | |
| Closed | $584,250 | New Conventional | |
| Previous Owner | $266,000 | New Conventional | |
| Previous Owner | $119,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $615,000 | -11.5% | $181 / Sq Ft |
| 03/12/2025 03/12/25 | For Sale | $695,000 | +13.0% | $204 / Sq Ft |
| 03/12/2025 03/12/25 | Off Market | $615,000 | -- | -- |
| 02/27/2025 02/27/25 | Price Changed | $695,000 | -10.3% | $204 / Sq Ft |
| 12/17/2024 12/17/24 | For Sale | $775,000 | +26.0% | $228 / Sq Ft |
| 12/13/2024 12/13/24 | Off Market | $615,000 | -- | -- |
| 10/22/2024 10/22/24 | Price Changed | $775,000 | -13.4% | $228 / Sq Ft |
| 09/19/2024 09/19/24 | For Sale | $895,000 | 0.0% | $263 / Sq Ft |
| 09/12/2022 09/12/22 | Rented | $1,995 | 0.0% | -- |
| 09/11/2022 09/11/22 | For Rent | $1,995 | -- | -- |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $4,959 | $623,500 | $255,000 | $368,500 |
| 2022 | $4,320 | $421,600 | $148,800 | $272,800 |
| 2021 | $4,297 | $421,600 | $148,800 | $272,800 |
| 2020 | $4,283 | $421,600 | $148,800 | $272,800 |
| 2019 | $4,438 | $440,900 | $148,800 | $292,100 |
| 2018 | $3,873 | $325,800 | $112,800 | $213,000 |
| 2017 | $4,343 | $325,800 | $112,800 | $213,000 |
| 2016 | $4,324 | $325,800 | $112,800 | $213,000 |
| 2015 | $4,301 | $325,800 | $112,800 | $213,000 |
| 2014 | $4,263 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2025
Don Anthony
C-A-RE Realty
-
J
Buyer's Agent in 2025
Joel Serepca
RE/MAX Executives Charlotte, NC
-
J
Seller's Agent in 2022
Jim Townsend
Townsend Realty Group
-
J
Buyer's Agent in 2022
James Smith
NorthGroup Real Estate LLC
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4184013
APN: 185-155-09
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