NOT LISTED FOR SALE

Estimated Value: $852,000 - $1,060,000

4 Beds
4 Baths
1,954 Sq Ft
$489/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $800,000 $409 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,609/month

5 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • Vinyl Flooring

About This Home

As of September 2022

Great investment in Wesley Heights! Each unique unit in this Fourplex has been updated in past 3-7 years. Convenient to downtown and newly developed FreeMoreWest area. All units are occupied, do not disturb tenants. NO showings until accepted offer.

Last Agent to Sell the Property

Joe Rempson

T. R. Lawing Realty, Inc. License #183970 Listed on: 08/19/2022

Last Buyer's Agent

Joe Rempson

T. R. Lawing Realty, Inc. License #183970 Listed on: 08/19/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,213

Year Built

  • Built in 1936

Lot Details

  • 10,454

Home Design

  • Stucco

Interior Spaces

  • 1,954 Sq Ft Home
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • On-Street Parking
  • Parking Lot

Schools

  • Bruns Avenue Elementary School
  • Ranson Middle School
  • West Charlotte High School

Additional Features

  • Lot Dimensions are 52x196x57x196
  • Forced Air Heating System

Community Details

  • 4 Units
  • Wesley Heights Subdivision

Listing and Financial Details

  • Tenant pays for all except water
  • Rent includes exterior maintenance, garbage pick-up, sewer, water
  • Assessor Parcel Number 071-023-16

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,213

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1936
  • Ratio Current Price By Acre: 3333333.33
  • Road Surface Type: Gravel
  • Structure Type: Fourplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Basement
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Fixture Exception Yn: 0
  • Porch: Covered
  • Appliances: CO Detector, Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 1954
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: Charlotte
  • Construction Type: Site Built
  • Construction Type: Stucco

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Lot, On Street

Utilities

  • Heating: Central, Forced Air
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: In Basement
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Laundry Room

Schools

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

Lot Info

  • Lot Size Area: 0.24
  • Lot Size Units: Acres
  • Parcel Number: 071-023-16
  • Lot Size: 52x196x57x196
  • Zoning Description: R5
  • ResoLotSizeUnits: Acres

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Sewer, Water
  • Tenant Pays: All except water
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 2.11260

Multi Family

  • Number Of Units Total: 4
  • Unit Count: 4

MLS Schools

  • Elementary School: Bruns Avenue
  • High School: West Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Sep 30, 2022
Sold by
Advance To Go Llc
Bought by
Song Bill
Seller's Agent
Joe Rempson
T. R. Lawing Realty, Inc.
Buyer's Agent
Joe Rempson
T. R. Lawing Realty, Inc.
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%
Views
7
Current Estimated Value
$956,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,432
Avg. Annual Appreciation
6.09%
Original Mortgage
$600,000
Outstanding Balance
$575,686
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$380,746

Purchase Details

Closed on
Mar 11, 2013
Sold by
Martella Matthew Dominick and Martella Jenny Ingraham
Bought by
Advance To Go Llc

Purchase Details

Closed on
Sep 10, 2012
Sold by
Advance To Go Llc
Bought by
Martella Matthew D and Martella Jenny I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,198
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2009
Sold by
Martella Matthew D and Martella Jenny I
Bought by
Advance To Go Llc

Purchase Details

Closed on
Jun 1, 2006
Sold by
Jackson Lateef H
Bought by
Martella Matthew D and Martella Jenny I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
6.44%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 30, 2003
Sold by
Gardner Clifford E and Titcomb Gordon N
Bought by
Jackson Lateef H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.43%
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 Buyer Sale Price Title Company
Song Bill $800,000 Investors Title
Advance To Go Llc -- None Available
Martella Matthew D -- None Available
Advance To Go Llc -- None Available
Martella Matthew D $280,000 None Available
Jackson Lateef H $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Song Bill $600,000
Previous Owner Martella Matthew D $21,198
Previous Owner Martella Matthew D $224,000
Previous Owner Jackson Lateef H $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $800,000 -5.9% $409 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $849,900 0.0% $435 / Sq Ft
02/07/2020 02/07/20 Rented $1,000 0.0% --
12/17/2019 12/17/19 For Rent $1,000 +17.6% --
06/25/2018 06/25/18 Rented $850 0.0% --
05/02/2018 05/02/18 For Rent $850 -10.5% --
11/09/2017 11/09/17 Rented $950 +11.8% --
11/06/2017 11/06/17 Under Contract -- -- --
10/19/2017 10/19/17 Rented $850 -10.5% --
10/18/2017 10/18/17 Under Contract -- -- --
10/05/2017 10/05/17 For Rent $950 +11.8% --
09/19/2017 09/19/17 For Rent $850 -10.5% --
04/25/2017 04/25/17 Rented $950 -17.4% --
04/21/2017 04/21/17 Under Contract -- -- --
03/07/2017 03/07/17 For Rent $1,150 +39.4% --
07/01/2016 07/01/16 Rented $825 -5.7% --
06/29/2016 06/29/16 Under Contract -- -- --
06/02/2016 06/02/16 For Rent $875 -- --
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 $6,213 $739,400 $290,000 $449,400
2024 $6,213 $739,400 $290,000 $449,400
2023 $5,980 $739,400 $290,000 $449,400
2022 $4,384 $402,300 $200,000 $202,300
2021 $4,340 $402,300 $200,000 $202,300
2020 $4,311 $402,300 $200,000 $202,300
2019 $4,248 $402,300 $200,000 $202,300
2018 $2,536 $182,100 $76,000 $106,100
2017 $2,483 $182,100 $76,000 $106,100
2016 $2,464 $182,100 $76,000 $106,100
2015 $2,441 $182,100 $76,000 $106,100
2014 $2,417 $182,100 $76,000 $106,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3896621

Canopy MLS (Canopy Realtor® Association)

APN: 071-023-16