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3902 Mountain Cove Drive

3902 Mountain Cove Drive, Charlotte, NC 28216
Property in Mountain Island
Sold Jul 21, 2016
$425,000
$382,500 by Bank Of America Na
Mortgage Due Aug 01, 2046
Sold Sep 02, 1997
$296,000
$281,000 by Market Street Mtg Corp
Mortgage Due Sep 01, 2027
3902 Mountain Cove Drive in Charlotte, NC was first built in 1997 and is 27 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 unknown style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 3902 Mountain Cove Drive has 3,256 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 26,572 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of wood. For those who need parking, there is a garage. The garage is 529 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of materials we are unsure of. 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, 3902 Mountain Cove Drive sold most recently in Jul 21, 2016 for a total of $425,000. If you work out the math, that's approximately a cost of $130.53 per sqft. Before that, the property was also sold for $296,000 in Aug 29, 1997. 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 $4,582 in taxes each year. 3902 Mountain Cove Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $548,400. If we break it down further, the land itself was valued at $126,000. Improvements to the property, however, were assessed at a total of $422,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Unknown
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 529
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 26,572
  • Total Building Area: 3,256
  • Gross Building Area: 3,256
  • Building Area: 3,256
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,256
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OVERLOOK/MTN ISLAND LAKE PH I MA
  • Land Acres: 0.61
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L42 M27-551

Ownership

  • Current Owner : MAGNI WELLMAN LISA M
  • Current Owner 2: MAGNI WELLMAN THOMAS E
  • Previous Owner : HOWARD JOHN P
  • Previous Owner 2: HOWARD JANE ELIZABETH
  • Owner Before Previous Owner: ZARING HOMES INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 006103

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: 023-18
  • District: 1
  • Parcel: 023-181-22
  • Block: 1
  • Lot: 42
  • Municipality: CHARLOTTE
  • Latitude: 35.3381
  • Longitude: -80.9496

    Address

  • Full Address: 3902 Mountain Cove Dr
  • Address - House Number: 3902
  • Address - Street Name: Mountain Cove
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R143
  • 4-Digit Zip Code: 7782
  • Zip Code: 28216

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,582
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1846
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 75
  • Final Value: 682,190
  • High Value: 808,172
  • Low Value: 556,207

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $382,500
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jul 21, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $382,500
  • 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: Aug 01, 2046

    Market Valuation

  • Market Total Value: $548,400
  • Market Land Value: $126,000
  • Market Improvement Value: $422,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $548,400
  • Assessed Land Value: $126,000
  • Assessed Improvements Value: $422,400

    Sales

  • Current Sale Contract Date: Jul 21, 2016
  • Current Sale Recording Date: Jul 21, 2016
  • Current Sale Transaction ID: 1789689372
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016094145
  • Previous Sale Recording Date: Sep 02, 1997
  • Previous Sale Contract Date: Aug 29, 1997
  • Previous Sale Amount: $296,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jul 21, 2016
  • First Mortgage Loan Amount: $382,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: MARKET STREET MTG CORP
  • Previous Mortgage Transaction Date: Sep 02, 1997
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $281,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Sep 01, 2027

About Mountain Island



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Frequently Asked Questions

What neighborhood is 3902 Mountain Cove Drive located in?
The 3902 Mountain Cove Drive is a located in the neighborhood of Mountain Island in Mountain Island, Charlotte.
What is the average sales price for listings in 3902 Mountain Cove Drive?
The average sales price for units in 3902 Mountain Cove Drive is $0 currently.

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