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3431 Balsam Tree Drive

3431 Balsam Tree Drive, Charlotte, NC 28269
Property in Highland Creek
Sold Oct 27, 2020
$245,000
$232,750 by Southern Trust Mortgage Llc
Mortgage Due Nov 01, 2050
Sold Jun 16, 2017
$170,000
$127,500 by American Security Mortgage Cor
Mortgage Due Jul 01, 2047
3431 Balsam Tree Drive 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 2003 and is 21 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 3431 Balsam Tree Drive has 1,690 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 8,059 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 380 sqft. Residents will have the luxury of enjoying a patio. 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 C by the local assessor. The exterior walls of the building are made of alum/vinyl siding. 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 and being fueled with gas. 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, 3431 Balsam Tree Drive sold most recently in Oct 27, 2020 for a total of $245,000. If you work out the math, that's approximately a cost of $144.97 per sqft. Before that, the property was also sold for $170,000 in Jun 15, 2017. 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 $2,116 in taxes each year. 3431 Balsam Tree Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $352,600. If we break it down further, the land itself was valued at $85,000. Improvements to the property, however, were assessed at a total of $267,600. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 380
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 8,059
  • Total Building Area: 1,690
  • Gross Building Area: 1,690
  • Building Area: 1,690
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,690
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONEY CRK PH 02 MAP 01
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L42 M35-221

Ownership

  • Current Owner : BUCHANAN ANNE LYNN
  • Current Owner 2: BUCHANAN KENNETH
  • Previous Owner : N & J CHARLOTTE LLC
  • Owner Before Previous Owner: WIGGINS ERIC M
  • Owner Before Previous Owner 2: WIGGINS KELLY R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 005529

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 029-30
  • District: 1
  • Parcel: 029-303-23
  • Block: 3
  • Lot: 42
  • Municipality: CHARLOTTE
  • Latitude: 35.3698
  • Longitude: -80.7642

    Address

  • Full Address: 3431 Balsam Tree Dr
  • Address - House Number: 3431
  • Address - Street Name: Balsam Tree
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R089
  • 4-Digit Zip Code: 0695
  • Zip Code: 28269

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,116
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 74
  • Final Value: 386,994
  • High Value: 461,738
  • Low Value: 312,251

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $232,750
  • First Open Lien Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 27, 2020
  • First Open Lien Mortgage Loan Amount: $232,750
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $352,600
  • Market Land Value: $85,000
  • Market Improvement Value: $267,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,600
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $267,600

    Sales

  • Current Sale Contract Date: Oct 27, 2020
  • Current Sale Recording Date: Oct 27, 2020
  • Current Sale Transaction ID: 11808253874
  • Current Sale Price: $245,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020178812
  • Previous Sale Recording Date: Jun 16, 2017
  • Previous Sale Contract Date: Jun 15, 2017
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 27, 2020
  • First Mortgage Loan Amount: $232,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN SECURITY MORTGAGE COR
  • Previous Mortgage Transaction Date: Jun 16, 2017
  • Previous Mortgage Loan Amount: $127,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2047

About Highland Creek



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Frequently Asked Questions

What neighborhood is 3431 Balsam Tree Drive located in?
The 3431 Balsam Tree Drive is a located in the neighborhood of Highland Creek in Highland Creek, Charlotte.
What is the average sales price for listings in 3431 Balsam Tree Drive?
The average sales price for units in 3431 Balsam Tree Drive is $0 currently.

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