NOT LISTED FOR SALE

501 Olmsted Park Place Unit B Charlotte, NC 28203

Dilworth Neighborhood

Estimated Value: $292,000 - $318,000

1 Bed
1 Bath
712 Sq Ft
$265/mo HOA Fee

Last Sold August 07, 2023

Last sale price $305,000 $428 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,052/month

3 Days on Market

Highlights

  • Laundry Room
  • 1-Story Property
  • Wood Siding
  • Dilworth Elementary School: Latta Campus Rated A-
  • Washer and Dryer

About This Home

As of August 2023

Live in the heart of it all in this convenient condo, just steps from booming South End. First-floor living with nice views facing the single family homes of Olmsted Park. Just painted throughout, with the big ticket items already done with 2022 heat/air and a 2022 water heater. To make it even more move-in ready, the refrigerator and washer/dryer convey. There's a spacious living room, dining area, plus the kitchen with granite countertops and stainless appliances. A door from the kitchen leads to the back patio, with storage closet. The bedroom offers a spacious bath and closet. Relax at the complex pool, or take a stroll to the light rail or the countless restaurants nearby. Welcome home!

Last Agent to Sell the Property

Bobby Sisk

Nestlewood Realty, LLC Brokerage Email: bobby@nestlewoodrealty.com License #274388 Listed on: 07/21/2023

Last Buyer's Agent

Cynthia Pensiero-DeFazio

COMPASS License #193636

COMPASS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,134

Year Built

  • Built in 1991

Lot Details

  • 1.86

HOA Fees

  • $265 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Wood Siding
  • Hardboard

Interior Spaces

  • 712 Sq Ft Home
  • 1-Story Property

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Schools

  • Dilworth Latta Campus/Dilworth Sedgefield Campus Elementary School
  • Sedgefield Middle School
  • Myers Park High School

Utilities

  • Heat Pump System

Community Details

  • Meca Realty Association
  • Olmsted Park Condos
  • Dilworth Subdivision

Listing and Financial Details

  • Assessor Parcel Number 121-073-44

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,134

Year Built

Built in 1991

Lot Details

0

HOA Fees

$265 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1991
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 428.37
  • Geocode Confidence: High
  • Attribution Contact: bobby@nestlewoodrealty.com
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 712
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 712
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 712
  • Bedroom Main: 1

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding, Wood

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Unit
  • Cooling: Heat Pump
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 265
  • Association Fee Frequency: Monthly
  • Complex Name: Olmsted Park
  • Senior Community: No
  • Association Name: Meca Realty
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 3180.00

Schools

  • Middle Or Junior School: Sedgefield
  • HOA Subject To: Required

Lot Info

  • Parcel Number: 121-073-44
  • Zoning: UR3CD
  • Land Included Yn: 0
  • Zoning Specification: UR3CD

Rental Info

  • Pets Allowed: Conditional

MLS Schools

  • Elementary School: Dilworth Latta Campus/Dilworth Sedgefield Campus
  • High School: Myers Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 4, 2023
Sold by
Valaitis Vincas A
Bought by
Somers Anna Grace
Seller's Agent
Bobby Sisk
Nestlewood Realty, LLC
Buyer's Agent
Cynthia Pensiero-DeFazio
COMPASS
List Price
$310,000
Sold Price
$305,000
Premium/Discount to List
-$5,000
-1.61%
Views
42
Current Estimated Value
$306,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,915
Avg. Annual Appreciation
0.28%

Purchase Details

Listed on
Jul 14, 2017
Closed on
Aug 25, 2017
Sold by
Goodman Barbara M
Bought by
Valaitis Vincas A
Seller's Agent
Kim Pfleeger
Keller Williams South Park
Buyer's Agent
Bobby Sisk
Nestlewood Realty, LLC
List Price
$165,000
Sold Price
$170,000
Premium/Discount to List
$5,000
3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.32%
Original Mortgage
$110,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2014
Closed on
Mar 12, 2014
Sold by
Tabb Michael Glenn and Tabb Patricia Anne Clark
Bought by
Goodman Edward C and Goodman Barbara M
Seller's Agent
Kim Pfleeger
Keller Williams South Park
Buyer's Agent
Kaitlin Eller Wall
Long & Foster Real Estate Inc
Sold Price
$1,000

Purchase Details

Closed on
Jun 1, 2006
Sold by
Olmsted Park Development Llc
Bought by
Tabb Michael Glenn and Tabb Patricia Anne Clark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,980
Interest Rate
6.44%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Average Value
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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
Somers Anna Grace $305,000 None Listed On Document
Somers Anna Grace $305,000 None Listed On Document
Valaitis Vincas A $170,000 None Available
Goodman Edward C $134,000 None Available
Tabb Michael Glenn $151,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valaitis Vincas A $110,500
Previous Owner Tabb Michael Glenn $120,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/07/2023 08/07/23 Sold $305,000 -1.6% $428 / Sq Ft
07/21/2023 07/21/23 For Sale $310,000 +82.4% $435 / Sq Ft
08/25/2017 08/25/17 Sold $170,000 +3.0% $241 / Sq Ft View Prior Sale
07/15/2017 07/15/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $165,000 0.0% $234 / Sq Ft
04/01/2014 04/01/14 Rented $1,000 0.0% --
04/01/2014 04/01/14 For Rent $1,000 -- --
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
2025 $2,134 $261,562 -- $261,562
2024 $2,134 $261,562 -- $261,562
2023 $1,970 $261,562 $0 $261,562
2022 $1,970 $191,100 $0 $191,100
2021 $1,959 $191,100 $0 $191,100
2020 $1,951 $191,100 $0 $191,100
2019 $1,936 $191,100 $0 $191,100
2018 $1,898 $139,100 $49,000 $90,100
2017 $1,864 $139,100 $49,000 $90,100
2016 $1,854 $139,100 $49,000 $90,100
2015 $1,843 $139,100 $49,000 $90,100
2014 $1,826 $139,100 $49,000 $90,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4050658

Canopy MLS (Canopy Realtor® Association)

APN: 121-073-44