525 S Summit Ave Charlotte, NC 28208
Wesley Heights Neighborhood
5
Beds
4
Baths
1,970
Sq Ft
10,019
Sq Ft Lot
Highlights
- Guest House
- Open Floorplan
- Wood Flooring
- Under Construction
- Deck
- Covered patio or porch
About This Home
As of September 2024Amazing transformation of this sought after bungalow in Wesley Heights. Now almost 3000 sq ft of living space which boasts 4 brs, 3 baths in newly designed open floor plan. The home was taken down to the studs,added plenty of additional sq. ft. All new sheetrock, wiring, plumbing, mechanicals, cabinetry, fixtures, etc. Original windows were completely restored per Historic Commission requirements. New kitchen has great wood cabinets glass uppers to the ceiling. Primary suite has a large glamor bath with huge shower and W/I closet. You will have private access to the deck from your bedroom. This is one of the few properties that can boast separate garage with living quarters above. The ADU has a separate entrance from the garage to the studio above. The studio can provide rental revenue, Airbnb, home office or even private nanny quarters. The garage is heated and cooled should you could decide to turn it in to a dance studio, workshop or gym - Sky's the limit! Completion 6/1
Last Agent to Sell the Property
Fortner Bayko And Company Brokerage Email: sbayko@aol.com License #123948 Listed on: 03/24/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,526
Year Built
- Built in 1940 | Under Construction
Lot Details
- Lot Dimensions are 54x188x54x188
- Wood Fence
- Back Yard Fenced
- Level Lot
- Property is zoned R5, R-5
Parking
- 1 Car Detached Garage
- Garage Door Opener
- Driveway
- 2 Open Parking Spaces
Home Design
- Bungalow
- Brick Exterior Construction
- Wood Siding
Interior Spaces
- 1,970 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- Ceiling Fan
- French Doors
- Great Room with Fireplace
- Crawl Space
Kitchen
- Breakfast Bar
- Built-In Self-Cleaning Oven
- Gas Cooktop
- Range Hood
- Microwave
- Plumbed For Ice Maker
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms | 4 Main Level Bedrooms
- Split Bedroom Floorplan
- Walk-In Closet
- 4 Full Bathrooms
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Outdoor Features
- Deck
- Covered patio or porch
Additional Homes
- Guest House
Schools
- Bruns Avenue Elementary School
- Ranson Middle School
- West Charlotte High School
Utilities
- Multiple cooling system units
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Community Details
- Built by Frontline Construction
- Wesley Heights Subdivision, Rehab/New Adu Floorplan
Listing and Financial Details
- Assessor Parcel Number 073-241-09
- Tax Block 2
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 24, 2024
Closed on
Sep 26, 2024
Sold by
Frontline Construction Llc
Bought by
Sawhney Rajiv and Billek-Sawhney Barbara Jean
Seller's Agent
Sheryl Bayko
Fortner Bayko And Company
Buyer's Agent
Lana Laws
Savvy + Co Real Estate
List Price
$1,199,000
Sold Price
$1,140,000
Premium/Discount to List
-$59,000
-4.92%
Total Days on Market
139
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$69,706
Avg. Annual Appreciation
-8.74%
Original Mortgage
$1,140,000
Outstanding Balance
$1,133,720
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$63,426
Purchase Details
Listed on
Feb 27, 2023
Closed on
Aug 28, 2023
Sold by
Doney Michael J and Doney Michael
Bought by
Frontline Construction Llc
Seller's Agent
Michael Doney
5 Points Realty
Buyer's Agent
Sheryl Bayko
Fortner Bayko And Company
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Views
374
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
140.35%
Original Mortgage
$731,250
Interest Rate
6.81%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 2, 1994
Sold by
Morris Ernest C and Morris Donald W
Bought by
Tillman Sandy F and Tillman Ercell
Similar Homes in Charlotte, NC
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,140,000 | Investors Title Insurance Comp | |
| Warranty Deed | -- | None Listed On Document | |
| Deed | $42,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,140,000 | New Conventional | |
| Previous Owner | $731,250 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/27/2024 09/27/24 | Sold | $1,140,000 | -4.9% | $579 / Sq Ft |
| 08/10/2024 08/10/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $1,199,000 | +5.2% | $609 / Sq Ft |
| 07/31/2024 07/31/24 | Off Market | $1,140,000 | -- | -- |
| 03/25/2024 03/25/24 | For Sale | $1,199,000 | +5.2% | $609 / Sq Ft |
| 03/24/2024 03/24/24 | Off Market | $1,140,000 | -- | -- |
| 03/24/2024 03/24/24 | For Sale | $1,199,000 | +166.4% | $609 / Sq Ft |
| 09/07/2023 09/07/23 | Sold | $450,000 | -9.8% | $322 / Sq Ft |
| 02/27/2023 02/27/23 | For Sale | $499,000 | -- | $357 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $3,526 | $461,800 | $290,000 | $171,800 |
| 2022 | $3,558 | $355,700 | $200,000 | $155,700 |
| 2021 | $3,547 | $355,700 | $200,000 | $155,700 |
| 2020 | $3,433 | $355,700 | $200,000 | $155,700 |
| 2019 | $3,524 | $355,700 | $200,000 | $155,700 |
| 2018 | $2,253 | $166,100 | $76,000 | $90,100 |
| 2017 | $2,213 | $166,100 | $76,000 | $90,100 |
| 2016 | $2,204 | $166,100 | $76,000 | $90,100 |
| 2015 | $2,192 | $166,100 | $76,000 | $90,100 |
| 2014 | $2,195 | $166,100 | $76,000 | $90,100 |
Source: Public Records
Agents Affiliated with this Home
-
Sheryl Bayko
S
Seller's Agent in 2024
Sheryl Bayko
Fortner Bayko And Company
(704) 763-2221
2 in this area
31 Total Sales
-
Lana Laws
Buyer's Agent in 2024
Lana Laws
Savvy + Co Real Estate
(704) 779-9005
1 in this area
101 Total Sales
-
Michael Doney
Seller's Agent in 2023
Michael Doney
5 Points Realty
(704) 819-3944
2 in this area
151 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4121898
APN: 073-241-09
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