NOT LISTED FOR SALE

5506 Fallon Ct Charlotte, NC 28226

Montibello Neighborhood

Estimated Value: $1,380,000 - $1,484,185

4 Beds
3.5 Baths
4,899 Sq Ft
$293/Sq Ft Est. Value

Sale Details

Date Sold: March 24, 2021

Last sale price $860,000 $176 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $8,550 / mo

128 Days on Market

Highlights

  • Hilly Lot
  • Private Lot
  • Transitional Architecture
  • Sharon Elementary Rated A-
  • Wooded Lot
  • Cathedral Ceiling

About This Home

As of March 2021

Breathtaking estate located in highly desirable Summerlake, with top rated schools! Coast up the drive to find a flat 1/2+ acre lot that is surrounded by trees and is completely private. Enter into the grand, 2 story foyer to find gleaming hardwoods and open floor plan. The stately study boasts pocket french doors, custom flooring and a fireplace. The 2-story great room has floor to ceiling windows and french doors that lead to the back patio. Chefs dream kitchen offers stainless appliances, a large island and sliding window for service al fresco to the huge screened porch. The master suite is absolutely stunning with custom shutters, tray ceiling and french doors that lead you to the bath with separate vanities and dual access to the shower. 2 different staircases will lead you upstairs where you will find 3 large bedrooms, 2 full baths, and a huge bonus room. All of this within minutes to upscale Southpark shopping and dining. This home is a CAN'T MISS!

Last Agent to Sell the Property

Brian Michaels

Coldwell Banker Realty License #272032 Listed on: 10/16/2020

Coldwell Banker Realty

Co-Listed By

Jennifer Barbin

Helen Adams Realty License #273945

Last Buyer's Agent

Patsy Wilson

Southern Homes of the Carolinas, Inc License #192103

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1992

Lot Details

  • Lot Dimensions are 209x211x179x80
  • Private Lot
  • Irrigation
  • Hilly Lot
  • Wooded Lot
  • Many Trees

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Transitional Architecture
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Tray Ceiling
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Walk-In Pantry
  • Oven
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub

Community Details

  • Summerlake HOA

Listing and Financial Details

  • Assessor Parcel Number 211-551-31

Home Details

Home Type

Single Family

Year Built

Built in 1992

Lot Details

0.54 Acres

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Transitional
  • Ratio Close Price By List Price: 0.95662
  • Ratio Close Price By Original Li: 0.95662
  • Ratio Current Price By Acre: 1592592.59
  • Ratio Current Price By Sq Ft: 175.55
  • Year Built: 1992
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Upper Level Sq Ft: 2157
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 4
  • Equipment: Cable Prewire, Ceiling Fan(s), Central Vacuum, Cooktop Gas, Dishwasher, Disposal, Microwave, Natural Gas, Oven, Wall Oven, Wine Refrigerator
  • Fireplace Description: Gas Logs, Great Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Built-Ins, Cathedral Ceiling(s), Kitchen Island, Pantry, Tray Ceiling, Walk-In Closet(s), Walk-In Pantry, Whirlpool
  • Laundry Location: Main, Laundry Room
  • Room Count: 2
  • Main Level Sq Ft: 2742
  • Total Sq Ft: 4899
  • Sq Ft Unheated Main: 257
  • Sq Ft Unheated Total: 257

Exterior Features

  • Construction: Hard Stucco
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car, Side Load Garage

Utilities

  • Heating: Central Air, Gas Hot Air Furnace, Multizone A/C, MultiZone Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Association Fee: 150.00
  • Association Fee Frequency: Annually
  • HOA Management Company: Summerlake HOA
  • Hoa Subject To Dues: Mandatory

Lot Info

  • Lot Dimension: 209x211x179x80
  • Lot Features: Cul-de-sac Lot, Hilly, Private, Trees, Views, Wooded
  • Parcel Number: 211-551-31
  • Zoning Specification: R3

Tax Info

  • Tax Value: 1041500.00
  • Tax Location: Charlotte

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2022
Sold by
Bought by
Current Estimated Value
$1,435,796

Purchase Details

Listed on
Oct 16, 2020
Closed on
Mar 24, 2021
Sold by
Bought by
Seller's Agent
Brian Michaels
Coldwell Banker Realty
Buyer's Agent
Patsy Wilson
Southern Homes of the Carolinas, Inc
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.92%
Original Mortgage
$688,000
Interest Rate
2.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$707,750
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Montibello, NC

  • Cynthia Wiley Real Estate Agent - Helen Adams Realty

    Cynthia Wiley

    Helen Adams Realty

    (980) 580-7215

    72 Total Sales

    1 in Montibello

    $1,090,000 Price

    Cynthia Wiley
     Section Image
  • Molly Zahn Harrison Real Estate Agent - Select Realty

    Molly Zahn Harrison

    Select Realty

    (980) 270-2464

    132 Total Sales

    8 in Montibello

    $575K - $1.3M Price Range

    Molly Zahn Harrison
     Section Image
  • Alison Alston Real Estate Agent - EXP Realty LLC Ballantyne

    Alison Alston

    EXP Realty LLC Ballantyne

    (267) 394-9909

    525 Total Sales

    1 in Montibello

    $1,655,000 Price

    Alison Alston
     Section Image
  • Adrienne Priest Real Estate Agent - Helen Adams Realty

    Adrienne Priest

    Helen Adams Realty

    (704) 368-3384

    112 Total Sales

    1 in Montibello

    $715,500 Price

    Adrienne Priest
     Section Image
  • Andy Griesinger Real Estate Agent - EXP Realty LLC Ballantyne

    Andy Griesinger

    Responds Quickly

    EXP Realty LLC Ballantyne

    (443) 601-4898

    461 Total Sales

    1 in Montibello

    $2,125,000 Price

    Andy Griesinger
     Section Image
  • Liz Young Real Estate Agent - RE/MAX Executive

    Liz Young

    RE/MAX Executive

    (980) 217-4377

    190 Total Sales

    1 in Montibello

    $1,200,000 Price

    Liz Young
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Soto Law Pllc
$860,000 None Available
$745,000 The Title Co Of North Caroli
$580,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $400,000
Previous Owner $688,000
Previous Owner $707,750
Previous Owner $237,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/24/2021 03/24/21 Sold $860,000 -4.3% $176 / Sq Ft
02/21/2021 02/21/21 Pending -- -- --
10/16/2020 10/16/20 For Sale $899,000 -- $184 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,924 $1,026,200 $220,000 $806,200
2024 $7,924 $1,026,200 $220,000 $806,200
2023 $9,419 $1,257,400 $275,000 $982,400
2022 $9,419 $963,000 $300,000 $663,000
2021 $9,078 $928,900 $300,000 $628,900
2020 $9,071 $928,900 $300,000 $628,900
2019 $9,055 $1,041,500 $300,000 $741,500
2018 $10,570 $800,100 $135,000 $665,100
2017 $10,420 $800,100 $135,000 $665,100
2016 $10,410 $800,100 $135,000 $665,100
2015 $10,399 $800,100 $135,000 $665,100
2014 $10,338 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brian Michaels

    Coldwell Banker Realty

    (704) 234-7880

    45 Total Sales

    Brian Michaels
    Section Image
  • Jennifer Barbin Real Estate Agent - Helen Adams Realty

    Seller Co-Listing Agent in 2021

    Jennifer Barbin

    Helen Adams Realty

    (704) 724-0230

    42 Total Sales

    Jennifer Barbin
    Section Image

  • P

    Buyer's Agent in 2021

    Patsy Wilson

    Southern Homes of the Carolinas, Inc

    Section Image
See All Agents

Map

Source: Canopy MLS

MLS Number: CAR3673433

Canopy MLS

APN: 211-551-31

North Carolina Mecklenburg County Charlotte 28226 Montibello

5506 Fallon Ct, Charlotte, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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