NOT LISTED FOR SALE

7957 Shady Oak Trail Unit 58 Charlotte, NC 28210

Starmount Forest Neighborhood

Estimated Value: $139,000 - $157,000

2 Beds
1.5 Baths
1,048 Sq Ft
$204/mo HOA Fee

Last Sold October 27, 2022

Last sale price $126,600 $121 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,077/month

159 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • Laundry Room
  • South Mecklenburg High School Rated A-
  • Glass Enclosed
  • Tile Flooring

About This Home

As of October 2022

Great opportunity for an investor! Property is currently leased through 2/17/2023 for $1045 per month. Vinyl wood and tile on main level. Open floorpan. Very nicely maintained. Updated cabinets in kitchen. Enclosed patio. Pantry in kitchen. Laundry room in kitchen. Neutral paint throughout. Convenient to Light Rail, Bus Line, shopping, retail, I-485, I-77. These condos are non-warrantable per Fannie Mae and Freddie Mac due to the tenant vs occupancy rate. Buyer and Buyer agent to confirm with Lender.

Last Agent to Sell the Property

Sarah Kennerly

Cottingham Chalk License #81208 Listed on: 05/21/2022

Cottingham Chalk

Last Buyer's Agent

Claudia Charles

Coldwell Banker Realty License #302346

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,064

Year Built

  • Built in 1973

Lot Details

  • 5

HOA Fees

  • $204 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Features

  • Laundry Room
  • Glass Enclosed
  • Lawn
  • Forced Air Heating System

Community Details

  • Cedar Management Association, Phone Number (704) 644-8808
  • Quail Run Condos
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 173-312-08

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,064

Year Built

Built in 1973

Lot Details

0

HOA Fees

$204 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 1973
  • Restrictions: None
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Unit Floor Level: 1
  • Road Surface Type: None
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 120.80
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 535
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 513
  • Porch: Back,Enclosed Patio
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1048
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Lawn Maintenance, Storage
  • New Construction: No
  • Roof: Composition
  • Tax Location: Charlotte
  • Construction Type: Site Built
  • Construction Type: Aluminum Siding, Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Lot

Utilities

  • Heating: Central, Forced Air
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 204.11
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Quail Run
  • Association Name: Cedar Management
  • Phone: 7046448808
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required
  • CAR_YearlyHOAExpense: 2449.32

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 173-312-08
  • Land Included Yn: 0
  • Lot Size: 0
  • Zoning Description: R17MF
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 2.70661

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2022
Closed on
Oct 10, 2022
Sold by
Brr Quail Run Llc
Bought by
Wyche Properties Llc
Seller's Agent
Sarah Kennerly
Cottingham Chalk
Buyer's Agent
Claudia Charles
Coldwell Banker Realty
List Price
$131,000
Sold Price
$126,600
Premium/Discount to List
-$4,400
-3.36%
Views
24
Current Estimated Value
$147,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,067
Avg. Annual Appreciation
6.97%
Original Mortgage
$520,000
Outstanding Balance
$505,863
Interest Rate
6.92%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$352,863

Purchase Details

Closed on
May 22, 2014
Sold by
Adler Equities Llc
Bought by
Buffalo River Realty Llc

Purchase Details

Closed on
Aug 5, 2005
Sold by
Winters Matthew Kyle
Bought by
Adler Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,675
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 28, 2005
Sold by
Home Town Buyers Llc
Bought by
Winters Matthew Kyle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,675
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 16, 2004
Sold by
Parker Tina
Bought by
Home Town Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,000
Interest Rate
5.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 25, 2003
Sold by
Fannie Mae
Bought by
Burnette Lester

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,400
Interest Rate
6.24%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2003
Sold by
Kanos Fred J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 25, 2001
Sold by
Hawfield Stephen D
Bought by
Kanos Fred J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
6.89%
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
Wyche Properties Llc $650,000 --
Buffalo River Realty Llc $210,000 None Available
Adler Equities Llc -- --
Winters Matthew Kyle $56,500 --
Home Town Buyers Llc $543,500 --
Parker Tina $503,000 --
Burnette Lester -- Bb&T
Federal National Mortgage Association -- --
Kanos Fred J $90,000 --
Hawfield Stephen D $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wyche Properties Llc $520,000
Previous Owner Brr Quail Run Llc $5,682,225
Previous Owner Winters Matthew Kyle $53,675
Previous Owner Home Town Buyers Llc $545,000
Previous Owner Burnette Lester $454,400
Previous Owner Kanos Fred J $79,200
Previous Owner Desai Dipak A $45,000
Previous Owner Desai Dipak A $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2022 10/27/22 Sold $126,600 -3.4% $121 / Sq Ft
05/21/2022 05/21/22 For Sale $131,000 -- $125 / 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
2023 $1,064 $126,083 $0 $126,083
2022 $593 $48,400 $0 $48,400
2021 $582 $48,400 $0 $48,400
2020 $574 $48,400 $0 $48,400
2019 $559 $48,400 $0 $48,400
2018 $411 $25,700 $7,500 $18,200
2017 $396 $25,700 $7,500 $18,200
2016 $386 $25,700 $7,500 $18,200
2015 $375 $25,700 $7,500 $18,200
2014 $369 $25,700 $7,500 $18,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3862827

Canopy MLS (Canopy Realtor® Association)

APN: 173-312-08