48
Map
$450,000
●
House -
In Contract
4805 Murrayhill Road
Charlotte, NC 28209
3 Beds
1 Bath
976 Ft²
$2,210
Est. Monthly
About This Property
Nearly a third of an acre in Madison Park, and a 1952 brick ranch
that works two ways. Inside, hardwood floors run through the living
room and all three bedrooms, and the kitchen has stainless
appliances, a tile backsplash and stacked laundry by the back door.
Out back, a concrete patio and a brick paver sitting area look out
over a deep backyard shaded by mature hardwoods, and a covered
front porch is a nice spot for morning coffee. It's a smart first
step into a close-in Charlotte neighborhood for a first-time buyer,
with room to garden, play or add on down the road. For a builder or
a buyer with a bigger plan, the 0.29-acre lot with N1-B zoning sits
in a pocket where nearby original ranches have made way for new
construction. Move in now, renovate over time, or build new.
Minutes to Park Road Shopping Center, SouthPark and Uptown.
Unit Size
976 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$461
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1952
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 13 days ago (CANOPYMLS #CAR4431947)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Oct 9, 2026 | Listed by The Agency - Charlotte | $450,000 | |
| Listed by The Agency - Charlotte | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 27, 2021 | Sold | ||
| Sold | |||
| Mar 17, 2021 | In contract | - | |
| In contract | |||
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Property Highlights
Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 1
Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave
Flooring Type: Tile, Wood
Laundry Features: In Kitchen, Main Level
Exterior Details
Square Footage: 976
Architectural Style: Ranch
Year Built: 1952
Levels: One
Construction Materials: Wood Siding, Brick Partial
Patio and Porch Features: Covered, Front Porch, Patio
Lot Features: Wooded
Lot Size Area: 0.29
Lot Size Units: Acres
Lot Size Acres: 0.29
Lot Size Square Feet: 12632.4
Lot Size Dimensions: 60x203
Water Source: Public
Financial Details
Tax Assessed Value: $434,900
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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About Madison Park
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Listed by: Ryan Palmer, The Agency - Charlotte
Last Updated: 13 days ago
Data Source: CANOPYMLS, MLS# CAR4431947
Last Updated: 13 days ago
Data Source: CANOPYMLS, MLS# CAR4431947
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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