36
Map
$499,000
●
House -
In Contract
15133 Torrence Branch Road
Charlotte, NC 28278
4 Beds
3 Baths
1,824 Ft²
$2,451
Est. Monthly
About This Property
Fantastic opportunity in a highly sought-after location right on
the NC/SC line! This 3-bedroom, 2-bath home sits on a generous lot
that can be subdivided, creating potential for additional building
opportunities. Perfect for investors, builders, or anyone looking
for a property with strong upside. The main home offers a
traditional floor plan ready for updates, while the separate studio
apartment-complete with its own HVAC, kitchen, private access
through the garage, and a separate exterior entrance-provides
excellent potential for rental income, multigenerational living, or
a private guest space. Home is being sold As-Is and does need some
exterior work and updating, but the property offers multiple
avenues for future value and use. Whether you're planning to
renovate, flip, or build, this one is worth a look!
Unit Size
1,824 Ft²
Days on Market
-
Land Size
3.91 acres
Price per sqft
$274
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 11 months ago (CANOPYMLS #CAR4299900)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2025 | In contract | - | |
| In contract | |||
| Dec 13, 2025 | Price Decreased |
$499,000
↓ $41K
(7.6%) | |
| Price Decreased | |||
| Nov 1, 2025 | Price Decreased |
$540,000
↓ $60K
(10%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by Keller Williams Connected | $600,000 | |
| Listed by Keller Williams Connected | |||
| Aug 27, 1987 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Driveway, Attached, Garage Faces Front
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Walk-In Closet(s)
Appliances: Dishwasher, Electric Oven, Microwave
Flooring Type: Carpet, Tile, Wood
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Has Fireplace
Fireplace Features: Family Room
Exterior Details
Square Footage: 1824
Architectural Style: Ranch
Year Built: 1987
Levels: One
Construction Materials: Wood Siding
Patio and Porch Features: Covered, Deck, Front Porch
Pool Features: In Ground, Outdoor Pool
Pool is Private
Lot Features: Private, Wooded
Lot Size Area: 3.91
Lot Size Units: Acres
Lot Size Acres: 3.91
Lot Size Square Feet: 170319.6
Water Source: Well
Financial Details
Tax Assessed Value: $565,000
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Heat Pump
Sewer : Septic Installed
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Pleasant Hill Road
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Listed by: Mike Morrell, Keller Williams Connected
Last Updated: 11 months ago
Data Source: CANOPYMLS, MLS# CAR4299900
Last Updated: 11 months ago
Data Source: CANOPYMLS, MLS# CAR4299900
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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