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1103 Reece Road

1103 Reece Road, Charlotte, NC 28209
Townhouse in Freedom Park
Sold Jun 01, 2023
$840,000
$755,750 by Truist Bank
Mortgage Due Jul 01, 2053
Sold Dec 05, 2019
$589,000
1103 Reece Road has been categorized by the local assessors in Charlotte, NC as a residential type of property. The building on the property was first built in 2019 and is 5 years old. The home has a total of 3 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 3 stories. In addition, 1103 Reece Road has 2,155 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 1,742 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The exterior walls of the building are made of brick. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in May 24, 2023 for $840,000. That's $389.79 per sqft. Prior to that sales transaction, the property was also sold in Dec 5, 2019 for $589,000. 1103 Reece Road was last assessed in 2023. The total value of the property was assessed at $719,400. Specifically, the land the property is located on was valued at $180,000. While improvements on the property were assessed at a total of $539,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,062. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction

Exterior

Brick Venner Exterior
Hardboard Siding
Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,742
  • Total Building Area: 2,155
  • Gross Building Area: 2,155
  • Building Area: 2,155
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,155
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARK &REECE
  • Land Acres: 0.04
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LB UNIT1 BLDG1 M66-127

Ownership

  • Current Owner : KRAUS ROBERT
  • Previous Owner : JULIE L GILARDI REVOCABLE TRUST
  • Owner Before Previous Owner: HC PARK REECE TOWNHOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 003204

Zoning

  • Zoning: UR-2(CD)

Geography

  • Assessors Map Reference: BK 175 PG 18
  • District: 1
  • Parcel: 175-183-42
  • Block: 3
  • Lot: B
  • Municipality: CHARLOTTE
  • Latitude: 35.1768
  • Longitude: -80.8508

    Address

  • Full Address: 1103 Reece Rd
  • Legal Unit: 1
  • Address - House Number: 1103
  • Address - Street Name: Reece
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C032
  • 4-Digit Zip Code: 2136
  • Zip Code: 28209

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,062
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.0801
  • Valuation Date: Jun 21, 2023
  • Confidence Score: 94
  • Final Value: 870,929
  • High Value: 940,698
  • Low Value: 801,161

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $755,750
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jun 01, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $755,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $719,400
  • Market Land Value: $180,000
  • Market Improvement Value: $539,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $719,400
  • Assessed Land Value: $180,000
  • Assessed Improvements Value: $539,400

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Transaction ID: 11907628159
  • Current Sale Price: $840,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 51436
  • Previous Sale Recording Date: Dec 05, 2019
  • Previous Sale Contract Date: Dec 05, 2019
  • Previous Sale Amount: $589,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Jun 01, 2023
  • First Mortgage Loan Amount: $755,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Freedom Park



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Frequently Asked Questions

What neighborhood is 1103 Reece Road located in?
The 1103 Reece Road is a townhouse located in the neighborhood of Freedom Park in Freedom Park, Charlotte.
What is the average sales price for listings in 1103 Reece Road?
The average sales price for units in 1103 Reece Road is $0 currently.

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