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2418 Ferncliff Road

2418 Ferncliff Road, Charlotte, NC 28211
Property in Myers Park
Sold Nov 15, 2022
$3,650,000
$1,200,000 by Jpmorgan Chase Bank Na
Mortgage Due Dec 01, 2052
Sold Apr 12, 2021
$921,500
$1,697,500 by Park National Bank
Mortgage Due Apr 09, 2022
Local assessors in Charlotte, NC have categorized 2418 Ferncliff Road as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 21,819 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 5 full bathrooms. There are also 7 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2418 Ferncliff Road has a total of 6,780 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2418 Ferncliff Road was last sold in Nov 15, 2022 for $3,650,000. According to our calculations, that's $538.35 per sqft. Prior to that sales transaction, the property was sold for $921,500 in Apr 9, 2021. Current property owners are expected to pay $14,643 in taxes per year. The property on 2418 Ferncliff Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,037,700. To break that down further, the land itself was valued at $1,100,000. While improvements to the property were assessed at a total of $1,937,700. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 5
  • Partial Bathrooms: 7
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 21,819
  • Total Building Area: 6,780
  • Gross Building Area: 6,780
  • Building Area: 6,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 6,780
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHARON FERNCLIFF
  • Land Acres: 0.501
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LA3 M66-788

Ownership

  • Current Owner : SERRAO DARREN C
  • Current Owner 2: SERRAO SONDRA E
  • Previous Owner : CHIOTT LLC
  • Owner Before Previous Owner: CATANESE MICHAEL A
  • Owner Before Previous Owner 2: CATANESE KELLY J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 002905

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: BK 181 PG 13
  • District: 1
  • Parcel: 181-133-19
  • Block: 3
  • Lot: A
  • Municipality: CHARLOTTE
  • Latitude: 35.1666
  • Longitude: -80.8199

    Address

  • Full Address: 2418 Ferncliff Rd
  • Address - House Number: 2418
  • Address - Street Name: Ferncliff
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C012
  • 4-Digit Zip Code: 3243
  • Zip Code: 28211

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,643

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 78
  • Final Value: 1,446,167
  • High Value: 1,689,634
  • Low Value: 1,202,699

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,200,000
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Nov 15, 2022
  • First Open Lien Mortgage Loan Amount: $1,200,000
  • 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: Dec 01, 2052

    Market Valuation

  • Market Total Value: $3,037,700
  • Market Land Value: $1,100,000
  • Market Improvement Value: $1,937,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,037,700
  • Assessed Land Value: $1,100,000
  • Assessed Improvements Value: $1,937,700

    Sales

  • Current Sale Contract Date: Nov 15, 2022
  • Current Sale Recording Date: Nov 15, 2022
  • Current Sale Transaction ID: 11899368686
  • Current Sale Price: $3,650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 154137
  • Previous Sale Recording Date: Apr 12, 2021
  • Previous Sale Contract Date: Apr 09, 2021
  • Previous Sale Amount: $921,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Nov 15, 2022
  • First Mortgage Loan Amount: $1,200,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: PARK NATIONAL BANK
  • Previous Mortgage Transaction Date: Apr 12, 2021
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $1,697,500
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Apr 09, 2022

About Myers Park



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Frequently Asked Questions

What neighborhood is 2418 Ferncliff Road located in?
The 2418 Ferncliff Road is a located in the neighborhood of Myers Park in Myers Park, Charlotte.
What is the average sales price for listings in 2418 Ferncliff Road?
The average sales price for units in 2418 Ferncliff Road is $0 currently.

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