See Home Value
$4,897,648*
House - Off Market

1516 Princeton Avenue

Charlotte, NC 28209
bedrooms
6 Beds
bathrooms
8 Baths, 2 Half Baths
square feet
6390 Sqft
$2,700,000 - $3,298,000
Reference Base Price*
63.26%
Since Sep 1, 2019
NC-Charlotte
Primary Model
Sold Aug 23, 2019
$2,850,000
$2,280,000 by Draper & Kramer Mortgage Corp
Mortgage Due Sep 01, 2049
Sold Dec 09, 1998
$165,000
$123,675 by Nationsbank Na
Mortgage Due Dec 08, 2003

About This Property

With over 7200 square feet of heated living space, this stunning, TRUE MODERN, Frank Smith designed home offers a rare opportunity to live in a work of art overlooking the 7-acre lake at Freedom Park.  Designed to incorporate an outdoor lifestyle, this house is pure luxury.  Tech features include surround sound w/Sonos audio, 11 TV's & 4k projector w/140" screen (all convey), wall mounted iPad, complete security system w/6 cameras & remote controls for everything from indoor/outdoor fireplaces to exterior walls that you can make disappear.  You'll see 10" wide engineered wood floors, sliding glass walls open to a side-yard w/outdoor living area, heated pool, putting green, & built in grill & pizza oven.  Custom Hans Krug kitchen w/concrete island, high-end Miele appliances, & scullery. Owner's suite w/massive closet, bath w/heated floors, tv mirror, wet room, private laundry, & custom marble.  Full home theater, sauna, gated driveway, 4 car gar, & more.  Check out the video on YouTube!

The manager has listed the unit size as 6390 square feet.
Unit Size
6,390Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$469
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2018

Price History

Date / Event Date Event Price
Aug 26, 2019 No longer available -
No longer available
Aug 23, 2019 Sold to Margaret E Reaves, William ... $2,850,000
Sold to Margaret E Reaves, William ...
Aug 5, 2019 Relisted $2,999,900
Relisted
Aug 4, 2019 No longer available -
No longer available
Apr 21, 2019 Price Decreased $2,999,900
↓ $189K (5.9%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 2
  • Bedroom Count: 6
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Stucco
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 550
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,123
  • Total Building Area: 7,309
  • Gross Building Area: 7,309
  • Building Area: 7,309
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 7,309
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WILLOW OAK ACRES
  • Land Acres: 0.439
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LG M1166-233

Ownership

  • Current Owner : MYERS WILLIAM B
  • Current Owner 2: REAVES MARGARET E
  • Previous Owner : MARUSLUND STEEN A
  • Previous Owner 2: MARUSLUND STEEN
  • Owner Before Previous Owner: MULLIS PAGE SARA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: 151-11
  • Parcel: 151-113-18
  • Block: 3
  • Lot: G
  • Municipality: CHARLOTTE
  • Latitude: 35.1865
  • Longitude: -80.8465

    Address

  • Full Address: 1516 Princeton Ave
  • Address - House Number: 1516
  • Address - Street Name: Princeton
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C002
  • 4-Digit Zip Code: 1515
  • Zip Code: 28209

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $21,676
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 9
  • Final Value: 516,786
  • High Value: 751,824
  • Low Value: 281,747

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,280,000
  • First Open Lien Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Aug 23, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,280,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2049

    Market Valuation

  • Market Total Value: $2,916,400
  • Market Land Value: $840,000
  • Market Improvement Value: $2,076,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,916,400
  • Assessed Land Value: $840,000
  • Assessed Improvements Value: $2,076,400

    Sales

  • Current Sale Contract Date: Aug 22, 2019
  • Current Sale Recording Date: Aug 23, 2019
  • Current Sale Transaction ID: 11637682640
  • Current Sale Price: $2,850,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019110132
  • Previous Sale Recording Date: Dec 09, 1998
  • Previous Sale Contract Date: Dec 04, 1998
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: DRAPER & KRAMER MORTGAGE CORP
  • First Mortgage Transaction Date: Aug 23, 2019
  • First Mortgage Loan Amount: $2,280,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: NATIONSBANK NA
  • Previous Mortgage Transaction Date: Dec 09, 1998
  • Previous Mortgage Loan Amount: $123,675
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Due Date: Dec 08, 2003



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
8 Beds
11 Baths
10,153 ft²
$345/ft²
$3,500,000 Aug 3, 2022
-
-

About Freedom Park


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Frequently Asked Questions

When was property at 1516 Princeton Avenue built and last sold?
The property at 1516 Princeton Avenue was built in 2018 and last sold on Aug 22, 2019 for $2,850,000.
How much is this home worth?
The estimated value of the home located at 1516 Princeton Avenue is $3,022,433.
What are some comparable homes to 1516 Princeton Avenue?
There are currently no comparable homes to 1516 Princeton Avenue.

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