525 S Summit Ave Charlotte, NC 28208
Wesley Heights Neighborhood
3
Beds
2
Baths
1,398
Sq Ft
10,019
Sq Ft Lot
Highlights
- Arts and Crafts Architecture
- Covered patio or porch
- Four Sided Brick Exterior Elevation
- Wood Flooring
- 1-Story Property
- Wood Siding
About This Home
As of September 2024525 S Summit Avenue is centrally located in the Wesley Heights Historic District just steps away from the Wesley Heights Greenway Trail. This 1940 Craftsman bungalow needs a complete overhaul but could be an absolute stunner once restored. This brick home already has beautiful curb appeal and sits on a large lot but the structure will need everything. Bedroom 3 does not have a closet. If you are a person looking to create something special, this property is worth a look. Renovate in the current footprint or go back or up……the possibilities with this property are endless. S Summit Avenue is lined with 1920s, 1930s, and 1940s architecture and mature shade trees and is walkable to W Morehead’s shops and restaurants. SOLD AS-IS. Listing agent has ownership interest.
Last Agent to Sell the Property
5 Points Realty Brokerage Email: mikedoney@gmail.com License #228949 Listed on: 02/27/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,526
Year Built
- Built in 1940
Parking
- Driveway
Home Design
- Arts and Crafts Architecture
- Bungalow
- Wood Siding
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1,398 Sq Ft Home
- 1-Story Property
- Living Room with Fireplace
- Wood Flooring
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Basement
- Exterior Basement Entry
- Crawl Space
Schools
- Bruns Avenue Elementary School
- Ranson Middle School
- West Charlotte High School
Additional Features
- Covered patio or porch
- Property is zoned N1-C HDO, N1-C
Community Details
- Wesley Heights Subdivision
Listing and Financial Details
- Assessor Parcel Number 073-241-09
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%
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
-$37,416
Avg. Annual Appreciation
-10.20%
Original Mortgage
$1,140,000
Outstanding Balance
$1,131,581
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$91,166
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
Create a Home Valuation Report for This Property
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
-
S
Seller's Agent in 2024
Sheryl Bayko
Fortner Bayko And Company
-
L
Buyer's Agent in 2024
Lana Laws
Savvy + Co Real Estate
-
M
Seller's Agent in 2023
Michael Doney
5 Points Realty
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4005826
APN: 073-241-09
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