$980,000
SOLD JAN 21, 2025
0.85 Acre
$1,152,941 Price per Acre
37,026 Sq Ft Lot

Recently Sold

18% Below List Price

453 Days on Market

About This Lot

As of January 2025

Great SouthPark Location! Heavily wooded lot on cul-de-sac can be divided into two lots, offered at $550,000 each. Purchase one or both! Subdivided site plan and house renderings of two proposed homes and floor plans are in listing photographs. City water and sewer available at the property. Seller financing offered at 5.75 APR simple interest with 10% down for 3 year term giving ample time to finalize your house plan. Land to be subdivided into two 0.433 lots as outlined in surveyor’s report available in MLS attachments. Subdivision is approved by Charlotte Unified Development Ordnance (UDO) contingent on the removal of the existing house and other structures on the property. If purchaser desires one lot, seller will retain ownership of the other lot. Call listing agent to discuss details on the subdivision process. Property also listed as proposed home to be build MLS# 4183410.

Last Agent to Sell the Property

John McClave

Keller Williams South Park Brokerage Email: jmcclave49@gmail.com License #77102 Listed on: 09/30/2023

Keller Williams South Park

Last Buyer's Agent

Nina Tingle

Alpha Omega Realty License #342537

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,813

Lot Details

  • Lot Dimensions are 140x228x205x218
  • Infill Lot
  • Wooded Lot
  • Possible uses of the property include Development, Subdevelopment
  • Property is zoned R3

Utilities

  • Cable TV Available

Community Details

  • Southpark Subdivision

Listing and Financial Details

  • Assessor Parcel Number 171-252-27

Property Details

Property Type

Land

Est. Annual Taxes

$5,813

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: Yes
  • Restrictions: No Representation
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • ResoPropertyType: Land
  • Geocode Confidence: High
  • Attribution Contact: jmcclave49@gmail.com
  • Special Features: None

Interior Features

  • Possible Use: Development, Subdevelopment

Exterior Features

  • Road Frontage: 140
  • Other Structures: Other - See Remarks

Garage/Parking

  • Carport Y N: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Gas, Other - See Remarks
  • Water Source: City

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Infill Lot, Wooded
  • Lot Size Area: 0.854
  • Lot Size Units: Acres
  • Parcel Number: 171-252-27
  • Can Be Subdivided: 1
  • Lot Size: 140X228X205X218
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R3

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2023
Closed on
Jan 16, 2025
Sold by
Borachok Gregg and Borachok Elizabeth A
Bought by
J & J Custom Homes Llc
Seller's Agent
John McClave
Keller Williams South Park
Buyer's Agent
Nina Tingle
Alpha Omega Realty
List Price
$1,200,000
Sold Price
$980,000
Premium/Discount to List
-$220,000
-18.33%
Views
83
Current Estimated Value
$1,014,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,625
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Apr 3, 1998
Sold by
Gregg Borachok
Bought by
Borachok Gregg and Borachok Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.06%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $980,000 Morehead Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $105,745 Future Advance Clause Open End Mortgage
Previous Owner $81,000 Credit Line Revolving
Previous Owner $188,500 Unknown
Previous Owner $192,000 Construction
Previous Owner $100,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 Sold $980,000 -10.9% --
06/02/2024 06/02/24 Price Changed $1,100,000 -8.3% --
09/30/2023 09/30/23 For Sale $1,200,000 -- --
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 $5,813 $747,400 $512,200 $235,200
2023 $5,813 $747,400 $512,200 $235,200
2022 $5,644 $571,900 $389,300 $182,600
2021 $5,633 $571,900 $389,300 $182,600
2020 $5,626 $571,900 $389,300 $182,600
2019 $5,610 $571,900 $389,300 $182,600
2018 $4,399 $329,700 $180,000 $149,700
2017 $4,331 $329,700 $180,000 $149,700
2016 $4,321 $329,700 $180,000 $149,700
2015 $4,310 $329,700 $180,000 $149,700
2014 $5,139 $395,300 $200,000 $195,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4071651

Canopy MLS (Canopy Realtor® Association)

APN: 171-252-27