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1735 Progress Lane

1735 Progress Lane, Charlotte, NC 28205
Property in Sheffield Park
Sold Sep 22, 2022
$575,000
$375,000 by Wells Fargo Bank Na
Mortgage Due Oct 01, 2052
Sold Jun 07, 2022
$620,000
1735 Progress Lane in Charlotte, NC was first built in 1974 and is 50 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a split level style. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1735 Progress Lane has 2,528 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 20,473 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of asphalt. For those who need parking, there is a garage. The garage is 400 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1735 Progress Lane sold most recently in Sep 16, 2022 for a total of $575,000. If you work out the math, that's approximately a cost of $227.45 per sqft. Before that, the property was also sold for $620,000 in Jun 7, 2022. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,160 in taxes each year. 1735 Progress Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $517,000. If we break it down further, the land itself was valued at $165,000. Improvements to the property, however, were assessed at a total of $352,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 20,473
  • Total Building Area: 2,528
  • Gross Building Area: 2,528
  • Building Area: 2,528
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,528
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WH STILWELL PROP
  • Land Acres: 0.47
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L11 BA M1698-607

Ownership

  • Current Owner : BARAN MARK LOUIS
  • Current Owner 2: BARAN AUDREY IPAPO
  • Previous Owner : REDFINNOW BORROWER LLC
  • Owner Before Previous Owner: KING HEATHER M
  • Owner Before Previous Owner 2: KING JEREMY E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 001702

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 131-03
  • District: 1
  • Parcel: 131-032-05
  • Block: A
  • Lot: 11
  • Municipality: CHARLOTTE
  • Latitude: 35.2106
  • Longitude: -80.7684

    Address

  • Full Address: 1735 Progress Ln
  • Address - House Number: 1735
  • Address - Street Name: Progress
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C027
  • 4-Digit Zip Code: 5709
  • Zip Code: 28205

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,160
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1929
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 74
  • Final Value: 566,150
  • High Value: 675,377
  • Low Value: 456,923

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $375,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Sep 22, 2022
  • First Open Lien Mortgage Loan Amount: $375,000
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $517,000
  • Market Land Value: $165,000
  • Market Improvement Value: $352,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $517,000
  • Assessed Land Value: $165,000
  • Assessed Improvements Value: $352,000

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Transaction ID: 11896307930
  • Current Sale Price: $575,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 133859
  • Previous Sale Recording Date: Jun 07, 2022
  • Previous Sale Contract Date: Jun 07, 2022
  • Previous Sale Amount: $620,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 22, 2022
  • First Mortgage Loan Amount: $375,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

About Sheffield Park



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Frequently Asked Questions

What neighborhood is 1735 Progress Lane located in?
The 1735 Progress Lane is a located in the neighborhood of Sheffield Park in Sheffield Park, Charlotte.
What is the average sales price for listings in 1735 Progress Lane?
The average sales price for units in 1735 Progress Lane is $0 currently.

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