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523 Old Mill Road

523 Old Mill Road, Charlotte, NC 28206
Townhouse in Optimist Park
Sold Apr 23, 2020
$362,500
Seller
$344,052 by Nvr Mortgage Finance Inc
Mortgage Due May 01, 2050
Sold Nov 05, 2019
$2,130,000
523 Old Mill Road 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 3 bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 4 stories. In addition, 523 Old Mill Road has 1,908 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 1,133 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a townhouse 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. 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 and being fueled with electricity. The property was last sold in Mar 31, 2020 for $362,500. That's $189.99 per sqft. Prior to that sales transaction, the property was also sold in Nov 1, 2019 for $2,130,000. 523 Old Mill Road was last assessed in 2023. The total value of the property was assessed at $545,500. Specifically, the land the property is located on was valued at $130,000. While improvements on the property were assessed at a total of $415,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,873. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction

Exterior

Brick Venner Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Quality: A
  • Building Style: Townhouse
  • Exterior Walls Type: Concrete
  • Floor Count: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,133
  • Total Building Area: 1,908
  • Gross Building Area: 1,908
  • Building Area: 1,908
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,908
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: REVISED FINAL PLAT PARTWOOD SQUARE
  • Land Acres: 0.026
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LD BLDG 4 M65-528

Ownership

  • Current Owner : SPENCER LOUSHAWN
  • Previous Owner : NVR INC
  • Owner Before Previous Owner: OPTIMIST PARK PARTNERS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School Tax School District: CHARLOTTE
  • Census Tract: 004700

Zoning

  • Zoning: TOD-R(O)

Geography

  • Assessors Map Reference: BK 81 PG 7
  • District: 1
  • Parcel: 081-077-52
  • Block: 7
  • Lot: D
  • Municipality: CHARLOTTE
  • Latitude: 35.2345
  • Longitude: -80.8253

    Address

  • Full Address: 523 Old Mill Rd
  • Address - House Number: 523
  • Address - Street Name: Old Mill
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C004
  • 4-Digit Zip Code: 3580
  • Zip Code: 28206

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,873
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1769
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 77
  • Final Value: 607,421
  • High Value: 714,878
  • Low Value: 499,965

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $344,052
  • First Open Lien Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Open Lien Mortgage Recording Date: Apr 23, 2020
  • First Open Lien Mortgage Loan Amount: $344,052
  • 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: May 01, 2050

    Market Valuation

  • Market Total Value: $545,500
  • Market Land Value: $130,000
  • Market Improvement Value: $415,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,500
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $415,500

    Sales

  • Current Sale Contract Date: Mar 31, 2020
  • Current Sale Recording Date: Apr 23, 2020
  • Current Sale Transaction ID: 11762930490
  • Current Sale Price: $362,500
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2020056585
  • Previous Sale Recording Date: Nov 05, 2019
  • Previous Sale Contract Date: Nov 01, 2019
  • Previous Sale Amount: $2,130,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NVR MORTGAGE FINANCE INC
  • First Mortgage Transaction Date: Apr 23, 2020
  • First Mortgage Loan Amount: $344,052
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2050

About Optimist Park



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$525 /mo

  • 1 Bed
  • 1 Bath
  • 1,384 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 523 Old Mill Road located in?
The 523 Old Mill Road is a townhouse located in the neighborhood of Optimist Park in Optimist Park, Charlotte.
What is the average sales price for listings in 523 Old Mill Road?
The average sales price for units in 523 Old Mill Road is $0 currently.

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