Seller's Agent in 2024
Scott Hosey
Trade & Tryon Realty
(828) 712-3966
2 in this area
82 Total Sales
625 S Summit Ave Charlotte, NC 28208
Wesley Heights NeighborhoodEstimated Value: $1,142,410 - $1,171,000
8
Beds
4
Baths
3,508
Sq Ft
$330/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Wood Flooring
- Balcony
- Outdoor Fireplace
- Covered Patio or Porch
- Living Room
About This Home
As of June 2024Rare quad-plex opportunity in Wesley Heights! This multi is in one of the the hottest districts and is adjacent to some of the best Charlotte has to offer. Each unit is 2 bed/1 bath with a private covered patio and in-unit laundry. The off-street parking makes for safe and secure parking for tenants, and there is additional green space behind the parking area, a great space for pets. There is a beautiful community patio with fire pit, and the entire building is joined by an interior hallway, but each unit also has it's own exterior access. This property is located in an Opportunity Zone, so if you're looking for some unique tax advantages definitely look into this! All 4 HVAC units replaced in 2021 and have been on monthly maintenance agreements.
Last Agent to Sell the Property
Trade & Tryon Realty Brokerage Email: scott@tradetryonrealty.com License #293968 Listed on: 04/30/2024
Last Buyer's Agent
Non Member
Canopy Administration
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 10,019
Parking
- 5 Car Garage
- On-Street Parking
- Parking Lot
Home Design
- Colonial Architecture
- Four Sided Brick Exterior Elevation
Interior Spaces
- 3,508 Sq Ft Home
- Property has 2 Levels
- Living Room
- Crawl Space
Kitchen
- Electric Range
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry Room
- Washer and Dryer
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outdoor Fireplace
- Fire Pit
Utilities
- Central Air
- Heat Pump System
Community Details
- Wesley Heights Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- The owner pays for interior common lights
- Assessor Parcel Number 073-241-17
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2024
Closed on
Jun 14, 2024
Sold by
Lighthouse On Summit Llc
Bought by
New Horizon Properties Llc
Seller's Agent
Scott Hosey
Trade & Tryon Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,299,900
Sold Price
$1,200,000
Premium/Discount to List
-$99,900
-7.69%
Views
64
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
-$65,573
Avg. Annual Appreciation
-2.07%
Purchase Details
Listed on
Sep 19, 2013
Closed on
Jan 6, 2014
Sold by
Thos F Kerr Co
Bought by
Lighthouse On Summit Llc
Seller's Agent
Holly Lam
Brown & Glenn Realty Co Inc
Buyer's Agent
Lyn Briggs
Ivester Jackson Christie's
List Price
$375,000
Sold Price
$332,000
Premium/Discount to List
-$43,000
-11.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.10%
Original Mortgage
$300,000
Interest Rate
4.29%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 1, 1975
Bought by
Kerr Thos F Company
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| New Horizon Properties Llc | $1,200,000 | None Listed On Document | |
| Lighthouse On Summit Llc | $337,500 | Bridge Trust Title Group | |
| Kerr Thos F Company | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lighthouse On Summit Llc | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/14/2024 06/14/24 | Sold | $1,200,000 | -7.7% | $342 / Sq Ft | |
| 06/04/2024 06/04/24 | Pending | -- | -- | -- | |
| 05/10/2024 05/10/24 | For Sale | $1,299,900 | +291.5% | $371 / Sq Ft | |
| 01/07/2014 01/07/14 | Sold | $332,000 | -11.5% | $95 / Sq Ft | View Prior Sale |
| 11/13/2013 11/13/13 | Pending | -- | -- | -- | |
| 09/19/2013 09/19/13 | For Sale | $375,000 | -- | $107 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
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 |
|---|---|---|---|---|
| 2025 | $5,665 | $667,000 | $290,000 | $377,000 |
| 2024 | $5,665 | $667,000 | $290,000 | $377,000 |
| 2023 | $5,665 | $667,000 | $290,000 | $377,000 |
| 2022 | $5,755 | $544,300 | $200,000 | $344,300 |
| 2021 | $5,711 | $544,300 | $200,000 | $344,300 |
| 2020 | $5,681 | $544,300 | $200,000 | $344,300 |
| 2019 | $5,619 | $544,300 | $200,000 | $344,300 |
| 2018 | $2,796 | $190,700 | $76,000 | $114,700 |
| 2017 | $2,720 | $190,700 | $76,000 | $114,700 |
| 2016 | $2,682 | $190,700 | $76,000 | $114,700 |
| 2015 | $2,636 | $190,700 | $76,000 | $114,700 |
| 2014 | $2,605 | $190,700 | $76,000 | $114,700 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Hosey
-
N
Buyer's Agent in 2024
Non Member
NC_CanopyMLS
-
H
Seller's Agent in 2014
Holly Lam
Brown & Glenn Realty Co Inc
-
Lyn Briggs
Buyer's Agent in 2014
Lyn Briggs
Ivester Jackson Christie's
(704) 728-9310
34 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4131848
APN: 073-241-17
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Based on information submitted to the MLS GRID
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