NOT LISTED FOR SALE

Estimated Value: $882,000 - $1,323,000

10.27 Acres
$111,392 Price per Acre
447,361 Sq Ft Lot

Last Sold June 28, 2024

Last sale price $1,200,000 $455 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,646/month

6 Days on Market

Highlights

  • In Ground Pool
  • Wooded Lot
  • Feed Barn
  • 10.27 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of June 2024

Just over 10 acres of prime real estate in Charlotte close to the airport and booming area of Charlotte. Currently zoned R4 allowing up to 4 units per acre, but according to the city, "June 1st of next year this property as well as all other conventionally zoned properties in the city will translate to new districts when the new Unified Development Ordinance becomes effective. The current zoning of R-4 will translate to new N1-B place-type which would permit townhomes. Buyer to verify for accuracy. Survey attached. Home on property is as is where is. Please do not disturb the owners, call listing agent with any questions on the property or to walk it.

Last Agent to Sell the Property

Michelle Ivester-Rhyne

Premier Sotheby's International Realty Brokerage Email: michelle.rhyne@premiersir.com License #274051 Listed on: 11/29/2022

Premier Sotheby's International Realty

Last Buyer's Agent

Michelle Ivester-Rhyne

Premier Sotheby's International Realty Brokerage Email: michelle.rhyne@premiersir.com License #274051 Listed on: 11/29/2022

Premier Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,966

Lot Details

  • 10.27 Acre Lot
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Possible uses of the property include Other - See Remarks, Residential
  • Property is zoned R4

Additional Features

  • Feed Barn
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 055-123-01

Community Details

Overview

  • No Home Owners Association

Recreation

  • In Ground Pool
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$6,966

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Acreage
  • Habitable Residence Yn: Yes
  • Restrictions: No Representation
  • Road Frontage Type: City Street
  • ResoPropertyType: Land
  • Attribution Contact: michelle.rhyne@premiersir.com
  • Special Features: None

Interior Features

  • Possible Use: Other - See Remarks, Residential
  • Room Count: 0

Exterior Features

  • Exterior Features: In Ground Pool
  • Construction Type: Site Built
  • Exclusions: HVAC, appliances, light fixtures, bath tub, vanity
  • Other Structures: Barn(s), Feed Barn, House-As Is, Outbuilding, Other - See Remarks

Garage/Parking

  • Garage Yn: No
  • Open Parking: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Gas, Phone Connected
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Level, Open Lot, Wooded
  • Lot Size Area: 10.27
  • Lot Size Units: Acres
  • Parcel Number: 055-123-01
  • Can Be Subdivided: 1
  • Cleared Acres: 3.00
  • Lot Size Acres: 10.27
  • Lot Size Sq Ft: 447361
  • Wooded Area: 7.27
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R4

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Jun 28, 2024
Sold by
Painter Jason Darren and Painter Alexsandra Puskas
Bought by
Sullins Rd Clt Llc
Seller's Agent
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
Buyer's Agent
Michelle Ivester-Rhyne
Premier Sotheby's International Realty
List Price
$1,200,000
Sold Price
$1,200,000
Views
15
Current Estimated Value
$1,144,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,000
Avg. Annual Appreciation
-3.69%
Original Mortgage
$9,425,000
Outstanding Balance
$9,313,074
Interest Rate
7.02%
Mortgage Type
Construction
Estimated Equity
-$8,169,074

Purchase Details

Closed on
Apr 2, 1985
Bought by
Painter Jerry and Painter Brenda C
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 Buyer Sale Price Title Company
Sullins Rd Clt Llc -- None Listed On Document
Sullins Rd Clt Inc -- Morehead Title
Sullins Rd Clt Llc -- None Listed On Document
Sullins Rd Clt Llc $1,200,000 Morehead Title
Painter Jerry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullins Rd Clt Llc $9,425,000
Closed Sullins Rd Clt Llc $2,403,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $1,200,000 0.0% $455 / Sq Ft
12/05/2022 12/05/22 Pending -- -- --
11/29/2022 11/29/22 For Sale $1,200,000 -- $455 / Sq Ft
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 $6,966 $627,000 $627,000 --
2024 $6,966 $899,700 $517,600 $382,100
2023 $6,966 $899,700 $517,600 $382,100
2022 $4,557 $472,200 $257,700 $214,500
2021 $4,557 $472,200 $257,700 $214,500
2020 $4,557 $472,200 $257,700 $214,500
2019 $4,648 $472,200 $257,700 $214,500
2018 $3,877 $289,900 $141,700 $148,200
2017 $3,815 $289,900 $141,700 $148,200
2016 $3,806 $289,900 $141,700 $148,200
2015 $3,794 $289,900 $141,700 $148,200
2014 $3,785 $289,900 $141,700 $148,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3925825

Canopy MLS (Canopy Realtor® Association)

APN: 055-123-01