NOT LISTED FOR SALE

509 Olin Dr Waxhaw, NC 28173

Estimated Value: $280,000 - $342,139

3 Beds
1 Bath
1,000 Sq Ft
$316/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $285,000 $285 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,901/month

2 Days on Market

Highlights

  • Wooded Lot
  • Wood Flooring
  • Bungalow
  • Waxhaw Elementary School Rated A-
  • Laundry Room
  • 2-minute walk to Waxhaw Downtown Park

About This Home

As of May 2023

Charming, all-brick ranch on 1/3 acre in Historic Waxhaw. Inviting kitchen & living room with plenty of natural light, hardwood floors throughout & a fully renovated bathroom. Newly painted kitchen cabinets, new kitchen faucet & tile floor, all new plumbing in crawl, new front door, new roof in 2015, new HVAC unit in 2022 & no HOA! With 3 cozy bedrooms & 1 bathroom, this home is perfect for anyone looking for an income producing property, or a comfortable & convenient living space. The open-concept living & dining area is perfect for entertaining, while the kitchen boasts plenty of counter space & storage. The brick exterior gives it a classic look & the large yard is perfect for outdoor gatherings or simply relaxing in the fresh air. With the historic downtown just a short walk away, you'll have easy access to Waxhaw's new Downtown Park (scheduled to open this Spring/Summer), as well as all the shops, restaurants, and events that Waxhaw has to offer. Airbnb and VRBO allowed!

Last Agent to Sell the Property

Lisa Giovanniello

Farms & Estates Realty Inc License #200210 Listed on: 04/06/2023

Last Buyer's Agent

Megan Despard

Dickens Mitchener & Associates Inc License #306898

Dickens Mitchener & Associates Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,942

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 100 x 150 x 100 x 150
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Property is zoned AK2

Home Design

  • Bungalow
  • Vinyl Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer

Parking

  • Driveway
  • On-Street Parking
  • 2 Open Parking Spaces

Schools

  • Waxhaw Elementary School
  • Parkwood Middle School
  • Parkwood High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 05-114-168

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,942

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1963
  • Restrictions: Building,Deed,Use
  • Road Surface Type: Gravel, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 285.00
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Other, Cable Prewire
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1000
  • 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: 0
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater
  • Above Grade Finished Sq Ft: 1000
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1000
  • Bedroom Main: 3
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Brick Full, Vinyl
  • Other Structures: None

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, On Street

Utilities

  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Main Level, Washer Hookup, Other - See Remarks
  • Cooling: Central Air, Electric
  • Utilities: Cable Connected, Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Parkwood
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level, Wooded, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 05-114-168
  • Zoning: AK2
  • Development Status: Completed
  • Horse Amenities: None
  • Lot Size: 100 x 150 x 100 x 150
  • ResoLotSizeUnits: Acres
  • Zoning Specification: AK2

MLS Schools

  • Elementary School: Waxhaw
  • High School: Parkwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
May 8, 2023
Sold by
Vaca Mary K and Vaca James P
Bought by
Whipple Christina and Whipple Daniel
Seller's Agent
Lisa Giovanniello
Farms & Estates Realty Inc
Buyer's Agent
Megan Despard
Dickens Mitchener & Associates Inc
List Price
$285,000
Sold Price
$285,000
Views
13
Current Estimated Value
$316,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,285
Avg. Annual Appreciation
4.29%
Original Mortgage
$228,000
Outstanding Balance
$221,695
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$94,590

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 15, 2022
Sold by
Pope and Kim
Bought by
Vaca Mary K and Vaca James P
Seller's Agent
Lauren Campbell
Howard Hanna Allen Tate Southpark
Buyer's Agent
Lisa Giovanniello
Farms & Estates Realty Inc
List Price
$240,000
Sold Price
$250,000
Premium/Discount to List
$10,000
4.17%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.66%

Purchase Details

Closed on
Nov 14, 2007
Sold by
Spencer Rodney L and Spencer Debra J
Bought by
Becnel Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,400
Interest Rate
6.36%
Mortgage Type
Unknown

Purchase Details

Closed on
May 8, 2006
Sold by
Brown Erin V and Watkins James Russell
Bought by
Spencer Rodney L and Spencer Debra J

Purchase Details

Closed on
Oct 20, 2000
Sold by
Spencer Debra J and Spencer Rodney L
Bought by
Watkins James Russell and Spencer Rodney L

Purchase Details

Closed on
Jan 5, 1999
Sold by
Rice Kenneth H and Rice Carol D
Bought by
Spencer Debra J and Brown Erin V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
6.87%
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
Whipple Christina $285,000 None Listed On Document
Whipple Christina $285,000 None Listed On Document
Vaca Mary K $250,000 Baker Law Pllc
Becnel Kim $90,000 None Available
Spencer Rodney L -- None Available
Watkins James Russell -- --
Spencer Debra J $73,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whipple Christina $228,000
Closed Whipple Christina $228,000
Previous Owner Becnel Kim $85,400
Previous Owner Spencer Debra J $62,000
Closed Spencer Debra J $4,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/08/2023 05/08/23 Sold $285,000 0.0% $285 / Sq Ft
04/06/2023 04/06/23 For Sale $285,000 +14.0% $285 / Sq Ft
08/15/2022 08/15/22 Sold $250,000 +4.2% $275 / Sq Ft View Prior Sale
07/06/2022 07/06/22 For Sale $240,000 0.0% $264 / Sq Ft
12/17/2015 12/17/15 Rented $895 0.0% --
12/15/2015 12/15/15 Under Contract -- -- --
11/20/2015 11/20/15 For Rent $895 0.0% --
06/19/2015 06/19/15 Rented $895 -3.2% --
06/17/2015 06/17/15 Under Contract -- -- --
04/29/2015 04/29/15 For Rent $925 +3.4% --
05/26/2012 05/26/12 Rented $895 0.0% --
05/26/2012 05/26/12 For Rent $895 -- --
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 $2,942 $286,900 $50,000 $236,900
2023 $1,377 $135,700 $50,000 $85,700
2022 $1,377 $135,700 $50,000 $85,700
2021 $1,375 $135,700 $50,000 $85,700
2020 $607 $77,480 $20,380 $57,100
2019 $907 $77,480 $20,380 $57,100
2018 $609 $77,480 $20,380 $57,100
2017 $916 $77,500 $20,400 $57,100
2016 $901 $77,480 $20,380 $57,100
2015 $631 $77,480 $20,380 $57,100
2014 $503 $71,600 $18,400 $53,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4006373

Canopy MLS (Canopy Realtor® Association)

APN: 05-114-168