NOT LISTED FOR SALE

8612 Rea Rd Waxhaw, NC 28173

Estimated Value: $362,140 - $846,000

1.81 Acres
$292,493 Price per Acre
78,713 Sq Ft Lot

Last Sold December 19, 2022

Last sale price $300,000

Est. 76% increase in value since last sale

Current estimated payment $3,031/month

152 Days on Market

Highlights

  • Gated Community
  • Rea View Elementary School Rated A
  • Level Lot

About This Lot

As of December 2022

Estate Lot For Sale in highly desired Marvin, located in Walden at Providence. Bring your own Builder and build your dream home. The lot of flat and has been cleared. Well and Septic will be required by Buyer. No City Water is available per Union County. Excellent location near Providence Road and Ballantyne. Community landscaped Burm on Rea provides a great buffer to the street and burm to property on the right. You will need to curb cut on Rea Road and per Seller the open area on right (if facing lot with back to Rea) is where drive would go (it’s before the burm starts).

Last Agent to Sell the Property

Debra Buck

Binaco Real Estate Brokerage Email: debra@binacorealestate.com License #257560 Listed on: 06/08/2022

Last Buyer's Agent

Ogor Ogene

Howard Hanna Allen Tate Charlotte South License #303910

Howard Hanna Allen Tate Charlotte South

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,852

Lot Details

  • 1.81 Acre Lot
  • Lot Dimensions are 323 x 150
  • Level Lot
  • Cleared Lot
  • Possible uses of the property include Residential
  • Property is zoned R-60

HOA Fees

  • $105 Monthly HOA Fees

Basement

  • Crawl Space

Schools

  • Rea View Elementary School
  • Marvin Ridge Middle School
  • Marvin Ridge High School

Utilities

  • Well Required
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 06-177-018
  • Tax Block 345A

Community Details

Overview

  • Cusick Company Association, Phone Number (704) 544-7779
  • Walden At Providence Subdivision
  • Mandatory home owners association

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,852

Lot Details

0

HOA Fees

$105 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Lot
  • Habitable Residence Yn: No
  • Restrictions: Architectural Review,Other - See Remarks,Square Feet
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • ResoPropertyType: Land
  • Attribution Contact: debra@binacorealestate.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Possible Use: Residential
  • Room Count: 0

Exterior Features

  • Waterfront Features: None
  • Other Structures: None

Utilities

  • Sewer: Septic Needed
  • Utilities: None
  • Water Source: Well Needed

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1265.9
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Cusick Company
  • Phone: 704-544-7779
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 1265.90

Schools

  • Middle Or Junior School: Marvin Ridge
  • HOA Subject To: Required

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Area: 1.807
  • Lot Size Units: Acres
  • Parcel Number: 06-177-018
  • Plat Book Slide: B
  • Can Be Subdivided: 0
  • Plat Reference Section Pages: 318
  • Lot Size Acres: 1.807
  • Lot Size: 323 x 150
  • Lot Size Sq Ft: 78712
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-60

Green Features

  • Green Verification Count: 1

Tax Info

  • Tax Block: 345A

MLS Schools

  • Elementary School: Rea View
  • High School: Marvin Ridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2022
Closed on
Dec 16, 2022
Sold by
Bhojwani Parul and Bhojwani Vijay
Bought by
Owumi Solomon and Owumi Winifred
Seller's Agent
Debra Buck
Binaco Real Estate
Buyer's Agent
Ogor Ogene
Howard Hanna Allen Tate Charlotte South
List Price
$424,900
Sold Price
$300,000
Premium/Discount to List
-$124,900
-29.4%
Views
24
Current Estimated Value
$528,535

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,535
Avg. Annual Appreciation
21.98%

Purchase Details

Closed on
Apr 29, 2021
Sold by
American Ira Llc
Bought by
Bhojwani Parul and Bhojwani Vijay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,750
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2018
Sold by
Roese James M and Roese Sherry L
Bought by
Tokhi Ahmad J and Tokhi Stephanie Love

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,900
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 26, 2015
Sold by
Cer Met Inc Propfit Sharing Plan
Bought by
American Ira Llc and John Lee Freeman Ira

Purchase Details

Closed on
May 1, 2014
Sold by
Cer Met Inc Profit Sharing Trust
Bought by
American Ira Llc
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
Owumi Solomon $300,000 --
Bhojwani Parul $349,000 None Available
Tokhi Ahmad J $775,000 Integrated Title Services Ll
American Ira Llc -- Attorney
American Ira Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bhojwani Parul $261,750
Previous Owner Tokhi Ahmad J $166,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2022 12/19/22 Sold $300,000 -14.0% --
08/18/2022 08/18/22 Price Changed $349,000 -17.9% --
06/08/2022 06/08/22 For Sale $424,900 -- --
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
2024 $1,852 $283,700 $283,700 $0
2023 $1,796 $283,700 $283,700 $0
2022 $1,804 $283,700 $283,700 $0
2021 $1,804 $283,700 $283,700 $0
2020 $1,135 $155,290 $155,290 $0
2019 $1,216 $155,290 $155,290 $0
2018 $1,135 $155,290 $155,290 $0
2017 $1,213 $155,300 $155,300 $0
2016 $1,190 $155,290 $155,290 $0
2015 $1,206 $155,290 $155,290 $0
2014 $1,695 $246,750 $246,750 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3867870

Canopy MLS (Canopy Realtor® Association)

APN: 06-177-018