NOT LISTED FOR SALE

515 Old Mill Rd Unit 1004B Charlotte, NC 28206

Optimist Park Neighborhood

Estimated Value: $527,000 - $608,000

2 Beds
2.5 Baths
1,370 Sq Ft
$418/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $353,155 $258 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,509/month

89 Days on Market

Highlights

  • New Construction
  • Traditional Architecture
  • Lawn
  • Open Floorplan
  • Engineered Wood Flooring
  • 2 Car Attached Garage

About This Home

As of March 2020

Luxurious living near NoDa and Uptown ! 3 story townhome with 2 BR, 2.5 Bath, 2 car garage. The entry level has a 2 car garage and plenty of storage space. The 2nd floor has a modern layout with gourmet kitchen, dining area and family room making the perfect setting for entertaining. Wood flooring throughout the main level. The 3rd level offers a lavish owner’s suite with double vanities, walk in shower with tile surround and walk in closet. This floor also has a secondary bedroom with its own private bathroom. Parkwood Square offers low maintenance townhome living in the center of where you want to be! Conveniently located just steps away from the Lynx light rail at Parkwood Station and just a short walk to the vibrant and booming NoDa area.

Last Agent to Sell the Property

Jerry Smith

NVR Homes, Inc./Ryan Homes Brokerage Email: jesmith@nvrinc.com License #126145 Listed on: 06/08/2019

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,046

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 784 Sq Ft Lot
  • Lawn

Parking

  • 2 Car Attached Garage
  • On-Street Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction
  • Slab Foundation
  • Advanced Framing

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Insulated Windows

Kitchen

  • Electric Oven
  • Electric Range
  • <<microwave>>
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Eco-Friendly Details

  • No or Low VOC Paint or Finish

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Parkwood Square Condos
  • Built by Ryan Homes
  • Parkwood Square Subdivision, Clarendon 3 Story Floorplan
  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08107750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,046

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Traditional
  • Year Built: 2019
  • Proposed Completion Date: 2020-01-01
  • Road Surface Type: Concrete
  • Unit Levels: Three
  • Property Attached Yn: Yes
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 257.78
  • Attribution Contact: jesmith@nvrinc.com
  • Special Features: NewHome

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 90
  • Main Level Sq Ft: 640
  • Third Level Sq Ft: 640
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 550
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 550
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Water Heater, Microwave, Oven, Plumbed For Ice Maker, Tankless Water Heater
  • Above Grade Finished Sq Ft: 1370
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Insulated Door(s)
  • Entry Location: Lower
  • Living Area: 1370
  • Window Features: Insulated Window(s)
  • Room Count: 7
  • Bedroom Third: 2

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: Yes
  • Construction Type: Site Built
  • Construction Type: Brick Partial

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 0
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached Garage, On Street

Utilities

  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Sewer: Public Sewer
  • Laundry Features: Upper Level
  • Cooling: Zoned
  • Utilities: Cable Available
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Parkwood Square
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Area: 0.018
  • Lot Size Units: Acres
  • Parcel Number: 08107750
  • Zoning: R-O
  • Land Included Yn: 1
  • Development Status: Proposed
  • Lot Size Acres: 0.018
  • Lot Size Sq Ft: 784
  • ResoLotSizeUnits: Acres
  • Zoning Specification: TOD-R(O)

Green Features

  • Green Sustainability: Advanced Framing, Engineered Wood Products, Low VOC Coatings, XeriscapinDrought Resist. Plnts

Building Info

  • Builder Name: Ryan Homes

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2019
Closed on
Mar 16, 2020
Sold by
Nvr Inc
Bought by
Manuelpillai Andrew
Seller's Agent
Jerry Smith
NVR Homes, Inc./Ryan Homes
Buyer's Agent
Non Member
Canopy Administration
List Price
$339,990
Sold Price
$353,155
Premium/Discount to List
$13,165
3.87%
Current Estimated Value
$572,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,677
Avg. Annual Appreciation
9.54%
Original Mortgage
$335,497
Outstanding Balance
$299,775
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$273,057

Purchase Details

Closed on
Nov 1, 2019
Sold by
Optimist Park Partners Llc
Bought by
Nvr Inc
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
Manuelpillai Andrew $353,500 None Available
Nvr Inc $2,130,000 Nvr Settlement Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manuelpillai Andrew $335,497
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $353,155 +3.9% $258 / Sq Ft
09/06/2019 09/06/19 Pending -- -- --
08/15/2019 08/15/19 For Sale $339,990 -3.7% $248 / Sq Ft
08/01/2019 08/01/19 Off Market $353,155 -- --
07/22/2019 07/22/19 Price Changed $339,990 -6.4% $248 / Sq Ft
06/08/2019 06/08/19 For Sale $363,165 -- $265 / Sq Ft
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
2023 $4,046 $545,500 $130,000 $415,500
2022 $3,912 $401,300 $150,000 $251,300
2021 $3,912 $401,300 $150,000 $251,300
2020 $1,448 $60,000 $60,000 $0
2019 $579 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3508769

Canopy MLS (Canopy Realtor® Association)

APN: 081-077-50