Seller's Agent in 2022
James Smith
NorthGroup Real Estate LLC
(704) 491-2870
2 in this area
20 Total Sales
638 Chipley Ave Unit 8 Charlotte, NC 28205
Coliseum Drive NeighborhoodEstimated Value: $180,000 - $209,000
1
Bed
1
Bath
686
Sq Ft
$284/Sq Ft
Est. Value
Highlights
- Private Lot
- Laundry Room
- Fenced
- Lawn
- Central Heating
- Vinyl Flooring
About This Home
As of June 2022This is too good to be true, the current owners are selling this profitable AirBnB investment located right behind Ovens Auditorium and Bojangles Coliseum. This unit is also located only 10 minutes from downtown charlotte, 8 minutes from freedom park, and 12 minutes from multiple medical facilities and I actually tried to convince them to keep it. This unit generates approx 2.8-3k per month a great place for traveling nurses. This 2 story condo is fully renovated and ready to go. The unit also has a second floor loft/flexible space that can be used as an office, workout space, or an area where a host could put a sitting area or food bar. This complex is even going through renovations currently, new roofs have been installed on the buildings and future projects include resurfacing parking area and updating the exterior. Along with the proposed upgrades to ovens and bojangles auditorium you wont be able to touch this community for the current price in a few short years.
Last Agent to Sell the Property
NorthGroup Real Estate LLC License #232733 Listed on: 05/17/2022
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,535
Year Built
- Built in 1970
Lot Details
- Fenced
- Level Lot
- Lawn
HOA Fees
- $174 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- Vinyl Flooring
Kitchen
- Oven
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
Parking
- On-Street Parking
- Parking Lot
Utilities
- Central Heating
Community Details
- Cam Association, Phone Number (704) 731-5560
- Birch Landing Condos
- Birch Landing Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 159-026-29
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2022
Closed on
Jun 27, 2022
Sold by
Barbara Johnson Tyima and Barbara Chris
Bought by
Martin James Rutland and Martin Teresa M
Seller's Agent
James Smith
NorthGroup Real Estate LLC
Buyer's Agent
Sara Ryan
Coldwell Banker Realty
List Price
$200,000
Sold Price
$198,000
Premium/Discount to List
-$2,000
-1%
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
-$2,862
Avg. Annual Appreciation
-0.47%
Original Mortgage
$148,500
Outstanding Balance
$141,475
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$53,552
Purchase Details
Listed on
Sep 17, 2020
Closed on
Oct 27, 2020
Sold by
Welch Nathan S and Welch Stephanie
Bought by
Johnson Tyima Barbara
Seller's Agent
Wydea Merchant
EXP Realty LLC
Buyer's Agent
James Smith
NorthGroup Real Estate LLC
List Price
$134,999
Sold Price
$135,000
Premium/Discount to List
$1
0.0%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.78%
Original Mortgage
$130,950
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2006
Sold by
Birch Forest Llc
Bought by
Dorrier Reese D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 31, 2006
Sold by
Birch Forest Llc
Bought by
Karaszkiewicz Neal J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 28, 2006
Sold by
Birch Forest Llc
Bought by
Welch Nathan J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martin James Rutland | $198,000 | Austin Title | |
| Johnson Tyima Barbara | $135,000 | None Available | |
| Dorrier Reese D | $115,000 | None Available | |
| Karaszkiewicz Neal J | $115,000 | None Available | |
| Welch Nathan J | $110,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martin James Rutland | $148,500 | |
| Previous Owner | Johnson Tyima Barbara | $130,950 | |
| Previous Owner | Dorrier Reese D | $115,000 | |
| Previous Owner | Karaszkiewicz Neal J | $115,000 | |
| Previous Owner | Welch Nathan J | $88,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/29/2022 06/29/22 | Sold | $198,000 | -1.0% | $289 / Sq Ft |
| 05/21/2022 05/21/22 | Pending | -- | -- | -- |
| 05/17/2022 05/17/22 | For Sale | $200,000 | +48.1% | $292 / Sq Ft |
| 10/27/2020 10/27/20 | Sold | $135,000 | 0.0% | $201 / Sq Ft |
| 09/19/2020 09/19/20 | Pending | -- | -- | -- |
| 09/17/2020 09/17/20 | For Sale | $134,999 | -- | $201 / 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 |
|---|---|---|---|---|
| 2025 | $1,535 | $182,480 | -- | $182,480 |
| 2024 | $1,535 | $182,480 | -- | $182,480 |
| 2023 | $1,478 | $182,480 | $0 | $182,480 |
| 2022 | $1,203 | $111,700 | $0 | $111,700 |
| 2021 | $1,192 | $111,700 | $0 | $111,700 |
| 2020 | $1,185 | $111,700 | $0 | $111,700 |
| 2019 | $1,169 | $111,700 | $0 | $111,700 |
| 2018 | $1,397 | $100,900 | $30,000 | $70,900 |
| 2017 | $1,369 | $100,900 | $30,000 | $70,900 |
| 2016 | $1,360 | $100,900 | $30,000 | $70,900 |
| 2015 | $1,348 | $100,900 | $30,000 | $70,900 |
| 2014 | $1,335 | $100,900 | $30,000 | $70,900 |
Source: Public Records
Agents Affiliated with this Home
-
James Smith
-
Sara Ryan
Buyer's Agent in 2022
Sara Ryan
Coldwell Banker Realty
(704) 281-6223
1 in this area
57 Total Sales
-
Wydea Merchant
W
Seller's Agent in 2020
Wydea Merchant
EXP Realty LLC
(704) 907-8487
2 in this area
13 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3861580
APN: 159-026-29
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