NOT LISTED FOR SALE

5024 Rea Rd Charlotte, NC 28226

Olde Providence South Neighborhood

Estimated Value: $841,000 - $850,000

6 Beds
6 Baths
2,944 Sq Ft
$287/Sq Ft Est. Value

Sale Details

Date Sold: August 16, 2021

Last sale price $630,000 $214 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,852 / mo

31 Days on Market

Highlights

  • Contemporary Architecture
  • Wood Flooring
  • Fireplace
  • Olde Providence Elementary Rated A-
  • Corner Lot

About This Home

As of August 2021

This fully renovated duplex comprised of two living units with leases in place to start August 1st is a rare find in South Charlotte. The building is on a .34 acre corner lot, each unit with a private fenced in yard. Each unit has it’s own 2 car parking pad. This is a wonderful opportunity to purchase a duplex in south Charlotte schools and close to shopping and grocery stores Each unit is completely renovated with new kitchens, new baths, new energy efficient windows, new stainless steel refrigerators, stainless steel dishwashers, stainless steel stoves, new roof, all new windows and doors and new HVAC systems & upgraded electrical panels. New toilets and bathroom fixtures, new light fixtures, new floor coverings and freshly painted. There is no HOA. This a great turn key operation for investors to grab a maintenance free income producing building.

Last Agent to Sell the Property

Harper Fox

Corcoran HM Properties License #261194 Listed on: 06/18/2021

Corcoran HM Properties

Last Buyer's Agent

Adam King

EXP Realty LLC Mooresville License #239767

EXP Realty LLC Mooresville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • Corner Lot

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • Fireplace
  • Insulated Windows

Flooring

  • Wood
  • Carpet
  • Tile

Listing and Financial Details

  • Assessor Parcel Number 211-232-38

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0.34 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Contemporary
  • Ratio Close Price By List Price: 0.92784
  • Ratio Close Price By Original Li: 0.90129
  • Ratio Current Price By Acre: 1852941.18
  • Ratio Current Price By Sq Ft: 213.99
  • Year Built: 1981
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Doors and Windows: Insulated Windows
  • Equipment: Dishwasher, Dryer, g-Energy Star® Clothes Washer
  • Fireplace Description: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Laundry Location: Main, Laundry Room
  • Total Sq Ft: 2944

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Driveway

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Lot Info

  • Lot Features: Corner Lot
  • Parcel Number: 211-232-38
  • Zoning Specification: R3

Tax Info

  • Tax Value: 314500.00
  • Tax Location: Charlotte

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Aug 16, 2021
Sold by
Bought by
Seller's Agent
Harper Fox
Corcoran HM Properties
Buyer's Agent
Adam King
EXP Realty LLC Mooresville
List Price
$699,000
Sold Price
$630,000
Premium/Discount to List
-$69,000
-9.87%
Current Estimated Value
$844,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$214,747
Avg. Annual Appreciation
6.10%
Original Mortgage
$472,500
Interest Rate
0.029%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
0.0479%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 30, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,200
Interest Rate
0.0665%
Mortgage Type
Unknown

Purchase Details

Closed on
May 17, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
0.0639%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 7, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,400
Interest Rate
0.0625%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$630,000 None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
$261,500 None Available
$265,000 None Available
$188,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,259,350
Closed $472,500
Previous Owner $328,565
Previous Owner $204,000
Previous Owner $203,200
Previous Owner $212,000
Previous Owner $184,000
Previous Owner $150,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $630,000 -7.2% $214 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/08/2021 07/08/21 Price Changed $679,000 -2.9% $231 / Sq Ft
06/18/2021 06/18/21 For Sale $699,000 -- $237 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,433 $544,900 $129,500 $415,400
2024 $4,433 $544,900 $129,500 $415,400
2023 $3,286 $598,800 $129,500 $469,300
2022 $3,286 $314,500 $66,000 $248,500
2021 $3,035 $314,500 $66,000 $248,500
2020 $3,249 $314,500 $66,000 $248,500
2019 $3,218 $314,500 $66,000 $248,500
2018 $3,599 $263,100 $75,000 $188,100
2017 $3,532 $263,100 $75,000 $188,100
2016 $3,513 $263,100 $75,000 $188,100
2015 $3,490 $263,100 $75,000 $188,100
2014 $3,457 $263,100 $75,000 $188,100
Source: Public Records

Agents Affiliated with this Home

  • Harper Fox

    Seller's Agent in 2021

    Harper Fox

    Corcoran HM Properties

    (704) 804-0101

    2 in this area

    64 Total Sales

    Harper Fox
    Section Image
  • Adam King

    Buyer's Agent in 2021

    Adam King

    EXP Realty LLC Mooresville

    (704) 858-2903

    1 in this area

    27 Total Sales

    Adam King
    Section Image
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Map

Source: Canopy MLS

MLS Number: CAR3751931

Canopy MLS

APN: 211-232-38

North Carolina Mecklenburg County Charlotte 28226 Olde Providence South

5024 Rea Rd, Charlotte, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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