NOT LISTED FOR SALE

Estimated Value: $2,026,000 - $2,700,000

0.26 Acre
$8,830,796 Price per Acre
11,326 Sq Ft Lot

Last Sold May 07, 2020

Last sale price $385,000

Est. 496% increase in value since last sale

Current estimated payment $13,579/month

About This Lot

As of May 2020

This home is located at 5020 Gilchrist Rd Unit 3, Charlotte, NC 28211 since 22 March 2020 and is currently estimated at $2,296,007. 5020 Gilchrist Rd Unit 3 is a home located in Mecklenburg County with nearby schools including Billingsville Cotswold Elementary School, Billingsville Elementary School, and Alexander Graham Middle.

Last Agent to Sell the Property

Paul Sagadin

Charlotte Living Realty License #261223 Listed on: 03/22/2020

Last Buyer's Agent

Matt Ewers

Grandfather Homes Inc. License #265995

Property Details

Property Type

  • Land

Lot Details

Listing and Financial Details

  • Assessor Parcel Number 185-042-63

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Lot
  • Ratio Close Price By List Price: 1.00000
  • Ratio Current Price By Acre: 1431226.77
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
  • Special Features: None

Utilities

  • Sewer: City Sewer
  • Water: City Water

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Size Area: 0.269
  • Parcel Number: 185-042-63
  • Zoning Specification: R-3

Tax Info

  • Tax Value: 287500.00
  • Tax Location: Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2022
Sold by
Tamburello Mark Charles and Tamburello Annie
Bought by
Tamburello Living Trust
Current Estimated Value
$2,296,007

Purchase Details

Closed on
Mar 1, 2021
Sold by
Grandfather Homes Inc
Bought by
Tamburello Mark Charles and Tamburello Annie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,306,600
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 22, 2020
Closed on
May 7, 2020
Sold by
Pds Trinity Llc
Bought by
Grandfather Homes Inc
Seller's Agent
Paul Sagadin
Charlotte Living Realty
Buyer's Agent
Matt Ewers
Grandfather Homes Inc.
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.83%
Original Mortgage
$288,750
Interest Rate
3.5%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Tamburello Living Trust -- --
Tamburello Mark Charles $420,000 Chicago Title Insurance Co
Grandfather Homes Inc $385,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tamburello Mark Charles $1,306,600
Previous Owner Grandfather Homes Inc $288,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2020 05/07/20 Sold $385,000 0.0% --
03/22/2020 03/22/20 Pending -- -- --
03/22/2020 03/22/20 For Sale $385,000 -- --
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
2024 $13,981 $1,826,180 $540,000 $1,286,180
2023 $13,534 $1,826,180 $540,000 $1,286,180
2022 $13,446 $1,380,400 $375,000 $1,005,400
2021 $3,619 $375,000 $375,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3700728

Canopy MLS (Canopy Realtor® Association)

APN: 185-042-63