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2201 Grimmersborough Lane

2201 Grimmersborough Lane, Charlotte, NC 28270
House in Mecklenburg
Sold Sep 08, 2020
$950,000
$665,000 by Regions Bank
Mortgage Due Feb 26, 2047
Sold Sep 23, 2019
$127,500
$480,675 by First Community Bank
Mortgage
2201 Grimmersborough Lane 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 5 bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2201 Grimmersborough Lane has 5,463 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 44,431 square feet.

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 concrete. 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. There is a single fireplace in the home. Perfect for those wintery 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, 2201 Grimmersborough Lane sold most recently in Sep 8, 2020 for a total of $950,000. If you work out the math, that's approximately a cost of $173.90 per sqft. Before that, the property was also sold for $127,500 in Sep 20, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $9,706 in taxes each year. 2201 Grimmersborough Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,434,900. If we break it down further, the land itself was valued at $297,500. Improvements to the property, however, were assessed at a total of $1,137,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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

Condition

New Construction

Exterior

Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2019
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Concrete
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Total Building Area: 5,463
  • Gross Building Area: 5,463
  • Building Area: 5,463
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 5,463
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROVIDENCE PLANTATION 02 PH 06
  • Land Acres: 1.02
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L16 B1 M24-277

Ownership

  • Current Owner : LAYER TIMOTHY D
  • Current Owner 2: LAYER JESSICA L
  • Previous Owner : M FIVE HOMES LLC
  • Owner Before Previous Owner: TRAN CUONG
  • Owner Before Previous Owner 2: NGUYEN NGA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • Census Tract: 005848

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 227-42
  • Parcel: 227-423-29
  • Block: 1
  • Lot: 16
  • Municipality: CHARLOTTE
  • Latitude: 35.0977
  • Longitude: -80.7488

    Address

  • Full Address: 2201 Grimmersborough Ln
  • Address - House Number: 2201
  • Address - Street Name: Grimmersborough
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R099
  • 4-Digit Zip Code: 3712
  • Zip Code: 28270

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $9,706
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 77
  • Final Value: 1,302,683
  • High Value: 1,532,425
  • Low Value: 1,072,941

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,015,000
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Sep 08, 2020
  • First Open Lien Mortgage Loan Amount: $665,000
  • First Open Lien Mortgage Term: 316
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 26, 2047
  • Second Open Lien Mortgage Lender: SOUTHSTATE BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 27, 2022
  • Second Open Lien Mortgage Loan Amount: $350,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 20, 2032

    Market Valuation

  • Market Total Value: $1,434,900
  • Market Land Value: $297,500
  • Market Improvement Value: $1,137,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,434,900
  • Assessed Land Value: $297,500
  • Assessed Improvements Value: $1,137,400

    Sales

  • Current Sale Contract Date: Sep 08, 2020
  • Current Sale Recording Date: Sep 08, 2020
  • Current Sale Transaction ID: 11791482605
  • Current Sale Price: $950,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020143637
  • Previous Sale Recording Date: Sep 23, 2019
  • Previous Sale Contract Date: Sep 20, 2019
  • Previous Sale Amount: $127,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Sep 08, 2020
  • First Mortgage Loan Amount: $665,000
  • First Mortgage Terms: 316
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 26, 2047

    Previous Mortgages

  • Previous Mortgage Lender: FIRST COMMUNITY BANK
  • Previous Mortgage Transaction Date: Sep 23, 2019
  • Previous Mortgage Loan Amount: $480,675
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 2201 Grimmersborough Lane located in?
The 2201 Grimmersborough Lane is a house located in the neighborhood of Mecklenburg in Charlotte, Charlotte.
What is the average sales price for listings in 2201 Grimmersborough Lane?
The average sales price for units in 2201 Grimmersborough Lane is $0 currently.

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