NOT LISTED FOR SALE

Estimated Value: $611,065 - $766,000

5 Beds
6 Baths
2,636 Sq Ft
$252/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $520,000 $197 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,880/month

41 Days on Market

Highlights

  • Contemporary Architecture
  • Screened Porch
  • Central Heating
  • South Charlotte Middle Rated A-
  • Laundry Room
  • Ceiling Fan

About This Home

As of August 2022

Wonderful Investment Opportunity in a Great Location with no HOA. Top notch tenants in place. Unit A is on a month-to-month lease with the current tenants in place for several years, and the primary bedroom is downstairs. Unit B tenant has been in place since January with approximately 6 months left on the current lease. Both sides are well-maintained and have a screened-in back porch! This location boasts access to McAlpine Creek and Four Mile Creek Greenway, loads of shopping and restaurants, easy access to 485 & 521, and is less than 10 mins from the Heart of Ballantyne!

Last Agent to Sell the Property

David Kennedy

Corcoran HM Properties License #255710 Listed on: 07/15/2022

Corcoran HM Properties

Last Buyer's Agent

Aaron Flowe

Western Upstate Keller Williams License #127679

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,146

Year Built

  • Built in 1991

Lot Details

  • Lot Dimensions are 87x120
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2,636 Sq Ft Home
  • Ceiling Fan
  • Screened Porch
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Mcalpine Elementary School
  • South Charlotte Middle School
  • South Mecklenburg High School

Utilities

  • Central Heating
  • Heat Pump System

Community Details

  • 2 Units
  • Bevington Pines Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 223-403-20

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,146

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Contemporary
  • Year Built: 1991
  • Ratio Current Price By Acre: 2166666.67
  • Road Surface Type: Concrete
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Screened
  • Appliances: Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Oven, Microwave
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Living Area: 2636
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Sq Ft: 1442
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Total Sq Ft: 1194

Exterior Features

  • New Construction: No
  • Construction Status: Complete
  • Tax Location: Charlotte
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 4
  • Main Level Garage YN: 0
  • Sq Ft Garage: 0
  • Parking Features: Parking Space - 2

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: South Charlotte
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.24
  • Lot Size Units: Acres
  • Parcel Number: 223-403-20
  • Lot Size: 87x120
  • Zoning Description: R20MF
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: None
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 1.57638

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2

MLS Schools

  • Elementary School: McAlpine
  • High School: South Mecklenburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Aug 23, 2022
Sold by
David Lari
Bought by
Paez Luke Anthony
Seller's Agent
David Kennedy
Corcoran HM Properties
Buyer's Agent
Aaron Flowe
Western Upstate Keller Williams
List Price
$550,000
Sold Price
$520,000
Premium/Discount to List
-$30,000
-5.45%
Views
14
Current Estimated Value
$663,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,355
Avg. Annual Appreciation
8.34%
Original Mortgage
$510,581
Outstanding Balance
$486,806
Interest Rate
5%
Mortgage Type
FHA
Estimated Equity
$176,549

Purchase Details

Closed on
Sep 29, 2009
Sold by
Anderson Anthony R and Willyerd Jane M
Bought by
Lari David

Purchase Details

Closed on
Sep 3, 2004
Sold by
Souther Julia J
Bought by
Anderson Anthony R and Willyerd Jane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,600
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Paez Luke Anthony $520,000 Meridian Title
Lari David $210,000 None Available
Anderson Anthony R $197,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paez Luke Anthony $510,581
Previous Owner Anderson Anthony R $157,600
Previous Owner Souther Julia J $177,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2022 08/25/22 Sold $520,000 -5.5% $197 / Sq Ft
07/15/2022 07/15/22 For Sale $550,000 0.0% $209 / Sq Ft
01/17/2018 01/17/18 Rented $995 0.0% --
01/16/2018 01/16/18 Under Contract -- -- --
01/05/2018 01/05/18 For Rent $995 -16.7% --
06/08/2017 06/08/17 Rented $1,195 0.0% --
05/30/2017 05/30/17 Under Contract -- -- --
05/04/2017 05/04/17 For Rent $1,195 -- --
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
2025 $4,146 $507,000 $125,000 $382,000
2024 $4,146 $507,000 $125,000 $382,000
2023 $4,146 $507,000 $125,000 $382,000
2022 $3,367 $348,900 $85,000 $263,900
2021 $3,596 $348,900 $85,000 $263,900
2020 $3,581 $348,900 $85,000 $263,900
2019 $3,550 $348,900 $85,000 $263,900
2018 $3,090 $224,300 $57,000 $167,300
2017 $3,029 $224,300 $57,000 $167,300
2016 $3,010 $224,300 $57,000 $167,300
2015 $2,987 $224,300 $57,000 $167,300
2014 $2,959 $224,300 $57,000 $167,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3876097

Canopy MLS (Canopy Realtor® Association)

APN: 223-403-20