NOT LISTED FOR SALE

8722 Festival Way Unit 274 Charlotte, NC 28215

Bradfield Farms Neighborhood

Estimated Value: $459,482 - $516,000

2 Beds
2 Baths
1,706 Sq Ft
$287/Sq Ft Est. Value

Last Sold October 22, 2020

Last sale price $325,960 $191 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,270/month

Highlights

  • Community Cabanas
  • New Construction
  • Open Floorplan
  • Fitness Center
  • Senior Community
  • Transitional Architecture

About This Home

As of October 2020

This home is located at 8722 Festival Way Unit 274, Charlotte, NC 28215 since 23 January 2020 and is currently estimated at $489,121, approximately $286 per square foot. This property was built in 2020. 8722 Festival Way Unit 274 is a home located in Mecklenburg County with nearby schools including Clear Creek Elementary, Northeast Middle, and Rocky River High School.

Last Agent to Sell the Property

Mike Mclendon

McLendon Real Estate Partners LLC License #60747 Listed on: 01/23/2020

Last Buyer's Agent

Belinda Carr

Elite Concept Realty License #184475

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Irrigation
  • Lawn

HOA Fees

  • $249 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Transitional Architecture
  • Slab Foundation

Interior Spaces

  • Open Floorplan
  • Tray Ceiling
  • Insulated Windows
  • Pull Down Stairs to Attic
  • Kitchen Island

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • 2 Full Bathrooms
  • Garden Bath

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 11120884

Community Details

Overview

  • Senior Community
  • Firstservice Residential Association, Phone Number (980) 237-3954
  • Built by KH Mint Hill LP

Recreation

  • Tennis Courts
  • Indoor Game Court
  • Fitness Center
  • Community Cabanas
  • Community Indoor Pool
  • Community Spa

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$249 per month

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Transitional
  • Construction Status: Complete
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 2050062.89
  • Ratio Current Price By Sq Ft: 191.07
  • Year Built: 2020
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Total Bedrooms: 2
  • Doors and Windows: Insulated Windows
  • Equipment: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Electric Dryer Hookup, Ice Maker Connection, Microwave, Network Ready, Security System
  • Flooring: Carpet, Prefinished Wood, Tile
  • H O A Management Phone: 980-237-3954
  • Interior Amenities: Attic Stairs Pulldown, Cable Available, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Tray Ceiling, Walk-In Closet(s)
  • Laundry Location: Main, Laundry Room
  • Room Count: 1
  • Main Level Sq Ft: 1706
  • Total Sq Ft: 1706
  • Sq Ft Unheated Main: 452
  • Sq Ft Unheated Total: 452

Exterior Features

  • Construction: Fiber Cement
  • Construction Type: Site Built
  • Exterior Features: In-Ground Irrigation, Lawn Maintenance
  • New Construction: Yes

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Garage, Driveway, Garage - 2 Car

Utilities

  • Heating: Central Air, Gas Hot Air Furnace
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Community Features: 55 and Older, Cabana, Fitness Center, Game Court, Hot Tub, Indoor Pool, Outdoor Pool, Sidewalk, Street Lights, Tennis Court(s)
  • Association Fee: 249.00
  • Association Fee Frequency: Monthly
  • HOA Management Company: FirstService Residential
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: Clear Creek
  • Middle School: Northeast
  • High School: Unspecified

Lot Info

  • Lot Size Area: 0.159
  • Parcel Number: 11120884
  • Zoning Specification: MX-1

Building Info

  • Builder Name: KH Mint Hill LP

Tax Info

  • Tax Value: 82000.00
  • Tax Location: Charlotte

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Oct 22, 2020
Sold by
Kh Mint Hill Lp
Bought by
Levy Patricia Diane
Seller's Agent
Mike Mclendon
McLendon Real Estate Partners LLC
Buyer's Agent
Belinda Carr
Elite Concept Realty
List Price
$325,960
Sold Price
$325,960
Total Days on Market
0
Current Estimated Value
$489,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,161
Avg. Annual Appreciation
9.06%
Original Mortgage
$297,471
Outstanding Balance
$267,709
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$219,255
Source: Public Records

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Range of Values:

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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
Levy Patricia Diane $326,000 Harvey & Vallini Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levy Patricia Diane $297,471
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2020 10/22/20 Sold $325,960 0.0% $191 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $325,960 -- $191 / 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 $3,317 $433,200 $100,000 $333,200
2022 $3,015 $312,400 $82,000 $230,400
2021 $3,129 $312,400 $82,000 $230,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3675602

Canopy MLS (Canopy Realtor® Association)

APN: 111-208-84