NOT LISTED FOR SALE

7997 Shady Oak Trail Unit 118 Charlotte, NC 28210

Starmount Forest Neighborhood

Estimated Value: $108,000 - $134,656

2 Beds
1 Bath
826 Sq Ft
$188/mo HOA Fee

Last Sold August 03, 2023

Last sale price $112,000 $136 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $922/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Lawn
  • 1-Story Property
  • South Mecklenburg High School Rated A-
  • Tile Flooring
  • Central Heating and Cooling System

About This Home

As of August 2023

Great 2 bedroom, 1 bathroom condo located in Quail Run. Located on the 1st floor. Tenant occupied and tenant pays $961 through 12/23/2023. Updated cabinetry in kitchen and stainless steel range. Convenient to Light Rail, Bus Line, shopping, retail, and I-84 and I-77. These condos are non-warrantable per FNMA and Freddie Mac due to the tenant vs occupancy ratio...Buyer and Buyer agent to confirm with Lender.

Last Agent to Sell the Property

Sarah Kennerly

Cottingham Chalk License #81208 Listed on: 04/26/2023

Cottingham Chalk

Last Buyer's Agent

Richard Esquer

The Advisor Group Carolinas License #282961

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $562

Year Built

  • Built in 1973

Lot Details

  • Lawn

HOA Fees

  • $188 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Traditional Architecture
  • Garden Home
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 826 Sq Ft Home
  • 1-Story Property
  • Electric Range

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 173-312-69

Property Details

Home Type

Condominium

Est. Annual Taxes

$562

Year Built

Built in 1973

Lot Details

0

HOA Fees

$188 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 1973
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: None, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 135.59
  • Property Sub Type Additional: Garden
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Entry Level: 1
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 826
  • 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: 0
  • Appliances: Electric Range, Electric Water Heater, Exhaust Fan, Refrigerator
  • Above Grade Finished Sq Ft: 826
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 826
  • Bedroom Main: 2
  • Room Count: 6

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Construction Type: Aluminum, Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 188.49
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Quail Run
  • Senior Community: No
  • Association Name: cedar management
  • Phone: 704-644-8808
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Annual Expense: 2261.88

Schools

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

Lot Info

  • Parcel Number: 173-312-69
  • Zoning: R17MF
  • Land Included Yn: 0
  • Zoning Specification: R17MF

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Conditional

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Aug 3, 2023
Sold by
Brr Quail Run Llc
Bought by
Sharon Lakes Properties Llc
Seller's Agent
Sarah Kennerly
Cottingham Chalk
Buyer's Agent
Richard Esquer
The Advisor Group Carolinas
List Price
$104,500
Sold Price
$112,000
Premium/Discount to List
$7,500
7.18%
Views
245
Current Estimated Value
$125,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,442
Avg. Annual Appreciation
4.00%
Original Mortgage
$660,800
Outstanding Balance
$648,611
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
-$527,388

Purchase Details

Closed on
Feb 4, 2016
Sold by
Bell Steven
Bought by
Buffalo River Realty Llc

Purchase Details

Closed on
Jan 25, 2006
Sold by
First Charter Bank
Bought by
Bell Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,025
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2003
Sold by
Thomas Donn J
Bought by
First Charter Bank

Purchase Details

Closed on
Oct 29, 2002
Sold by
Hawfield Stephen D
Bought by
Thomas Donn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2002
Sold by
Stewart Renee O
Bought by
Hawfield Stephen D

Purchase Details

Closed on
Feb 15, 2000
Sold by
Stewart Adrian J
Bought by
Stewart Renee O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.17%
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
Sharon Lakes Properties Llc $235,000 None Listed On Document
Buffalo River Realty Llc $34,500 None Available
Bell Steven $29,500 None Available
First Charter Bank $146,000 --
Thomas Donn J $369,000 --
Hawfield Stephen D $44,500 --
Stewart Renee O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharon Lakes Properties Llc $660,800
Previous Owner Brr Quail Run Llc $5,682,225
Previous Owner Bell Steven $28,025
Previous Owner Thomas Donn J $295,200
Previous Owner Stewart Renee O $40,000
Previous Owner Stewart Adrian J $30,263
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $112,000 -2.2% $136 / Sq Ft
04/26/2023 04/26/23 Price Changed $114,500 +9.6% $139 / Sq Ft
04/26/2023 04/26/23 For Sale $104,500 -- $127 / 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 $562 $104,693 $0 $104,693
2022 $562 $45,200 $0 $45,200
2021 $551 $45,200 $0 $45,200
2020 $543 $45,200 $0 $45,200
2019 $528 $45,200 $0 $45,200
2018 $395 $24,500 $7,500 $17,000
2017 $380 $24,500 $7,500 $17,000
2016 $371 $24,500 $7,500 $17,000
2015 $359 $24,500 $7,500 $17,000
2014 $354 $24,500 $7,500 $17,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4024277

Canopy MLS (Canopy Realtor® Association)

APN: 173-312-69