NOT LISTED FOR SALE

5401 Olivet Dr Charlotte, NC 28227

Estimated Value: $155,000 - $215,000

2 Beds
1 Bath
819 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 17, 2019

Last sale price $83,500 $102 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $1,105/month

2 Days on Market

About This Home

As of May 2019

Home is occupied. No sign. DO NOT Disturb tenant. Current rent is $895, Houses in the area rent between $900-$1000. Lease ends 3/31/2020. House is being sold as a package deal only with MLS # 3499851 Great investment opportunity in South East Charlotte on the Mint Hill/Charlotte Border and just 17 minutes from uptown Charlotte. You can rent both for cash-flow or live in one while the other rental pays for the mortgage. 8519 Lawyers is coming vacant on 5/31/2019. This is a 2Br, 1 bath. Don't miss this opportunity. This will not last! Showings only after offer is accepted. DD fees will be due after the initial walk-through.

Last Agent to Sell the Property

Sara Escobar

New View Realty Group License #274786 Listed on: 04/24/2019

Co-Listed By

William Orozco

New View Realty Group License #279063

Last Buyer's Agent

Khoa Nguyen

Dalton Wade, Inc. License #270857

Dalton Wade, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 8,712

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Flooring

  • Engineered Wood
  • Tile
  • Vinyl

Additional Features

  • 1 Full Bathroom
  • Crawl Space

Listing and Financial Details

  • Assessor Parcel Number 109-311-06

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.95977
  • Ratio Close Price By Original Li: 0.95977
  • Ratio Current Price By Acre: 413366.34
  • Ratio Current Price By Sq Ft: 101.95
  • Year Built: 1953
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Equipment: CO Detector, Cable Prewire, Electric Dryer Hookup, Electric Range, Exhaust Fan, Refrigerator, Exhaust Hood, Electric Oven
  • Flooring: Carpet, Prefinished Wood, Tile, Vinyl
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 819
  • Total Sq Ft: 819

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: per tax record 52,193,64,150
  • Lot Size Area: 0.202
  • Parcel Number: 109-311-06
  • Zoning Specification: R

Tax Info

  • Tax Value: 74800.00
  • Tax Location: Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
May 17, 2019
Sold by
Fleischer Eric W and Monaghan Ashley
Bought by
Nguyen Khoa M
Seller's Agent
Sara Escobar
New View Realty Group
Buyer's Agent
Khoa Nguyen
Dalton Wade, Inc.
List Price
$87,000
Sold Price
$83,500
Premium/Discount to List
-$3,500
-4.02%
Current Estimated Value
$189,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,441
Avg. Annual Appreciation
14.45%

Purchase Details

Closed on
Aug 15, 2001
Sold by
Ivie Mike and Ivie Dana C
Bought by
Fleischer Eric W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,200
Interest Rate
7.19%

Purchase Details

Closed on
Mar 19, 1998
Sold by
Stikeleather Richard W and Stikeleather Jeanette A
Bought by
Ivie Mike and Yarborough Hiram E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000
Interest Rate
6.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 22, 1998
Sold by
Cagle Jessie M and Cagle Patricia M
Bought by
Stikeleather Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000
Interest Rate
6.99%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Nguyen Khoa M $159,500 None Available
Fleischer Eric W $56,500 --
Ivie Mike $36,000 --
Stikeleather Richard W $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fleischer Eric W $45,200
Previous Owner Ivie Mike $4,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2019 05/17/19 Sold $83,500 -4.0% $102 / Sq Ft
04/26/2019 04/26/19 Pending -- -- --
04/24/2019 04/24/19 For Sale $87,000 -- $106 / 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
2024 $846 $120,700 $31,500 $89,200
2023 $829 $120,700 $31,500 $89,200
2022 $755 $84,400 $28,500 $55,900
2021 $755 $84,400 $28,500 $55,900
2020 $751 $84,400 $28,500 $55,900
2019 $745 $84,400 $28,500 $55,900
2018 $864 $74,800 $27,000 $47,800
2017 $855 $74,800 $27,000 $47,800
2016 $849 $72,200 $27,000 $45,200
2015 $809 $67,700 $27,000 $40,700
2014 $876 $79,800 $30,000 $49,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3499866

Canopy MLS (Canopy Realtor® Association)

APN: 109-311-06