Check Availability
$1,199,000
House - For Sale

525 S Summit Avenue

Charlotte, NC 28208
bedrooms
5 Beds
bathrooms
4 Baths
square feet
1970 Sqft
$5,888
Estimated Monthly
$0
HOA / Fees

About This Property

Amazing transformation of this sought after bungalow in Wesley Heights.  Now almost 3000 sq ft of living space which boasts 4 brs, 3 baths in newly designed open floor plan.  The home was taken down to the studs,added plenty of additional sq. ft. All new sheetrock, wiring, plumbing, mechanicals, cabinetry, fixtures, etc. Original windows were completely restored per Historic Commission requirements. New kitchen has great wood cabinets glass uppers to the ceiling.  Primary suite has a large glamor bath with huge shower and W/I closet.  You will have private access to the deck from your bedroom. This is one of the few properties that can boast  separate garage with living quarters above.  The ADU has a separate entrance from the garage to the studio above.  The studio can provide rental revenue, Airbnb, home office or even private nanny quarters.  The garage is heated and cooled should you could decide to turn it in to a dance studio, workshop or gym - Sky's the limit! Completion 6/1

The manager has listed the unit size as 1970 square feet.
Unit Size
1,970Ft²
Days on Market
36 days
Land Size
0.23 acres
Price per sqft
$609
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940
Listed By
Sheryl Bayko
Fortner Bayko And Company
Last updated: 2 months ago (CMLSNC #4121898)

Price History

Date / Event Date Event Price
Mar 24, 2024 Listed by Fortner Bayko Company $1,199,000
Listed by Fortner Bayko Company
Sep 9, 2023 No longer available -
No longer available
Jul 27, 2023 In contract -
In contract
Jul 26, 2023 Relisted $499,000
Relisted
Jul 19, 2023 In contract -
In contract
Show More

Property Highlights

Exterior Details

Exterior Information

Brick and Wood
Wood
Building Details
New Construction

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 1,020
  • Garage Square Area: 288
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,376
  • Gross Building Area: 1,376
  • Building Area: 1,376
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,376
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: WESLEY HEIGHTS
  • Land Acres: 0.23
  • Legal Description 1: L7 B1 M332-355

Ownership

  • Current Owner : DONEY MICHAEL
  • Previous Owner : TILLMAN SANDY F
  • Previous Owner 2: TILLMAN ERCELL
  • Owner Before Previous Owner: MORRIS ERNEST C
  • Owner Before Previous Owner 2: MORRIS DONALD W
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 004102

Zoning

  • Zoning: R-5 (HD)

Geography

  • Assessors Map Reference: 073-24
  • District: 1
  • Parcel: 073-241-09
  • Block: 1
  • Lot: 7
  • Municipality: CHARLOTTE
  • Latitude: 35.2312
  • Longitude: -80.8619

    Address

  • Full Address: 525 S Summit Ave
  • Address - House Number: 525
  • Street Direction: S
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C007
  • 4-Digit Zip Code: 4525
  • Zip Code: 28208

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,558
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.0785
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 500,893
  • High Value: 540,242
  • Low Value: 461,545

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $731,250
  • First Open Lien Mortgage Lender: CONSTRUCTION FINANCE CORPORATI
  • First Open Lien Mortgage Recording Date: Sep 07, 2023
  • First Open Lien Mortgage Loan Amount: $731,250
  • First Open Lien Mortgage Term: 9
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2024

    Market Valuation

  • Market Total Value: $461,800
  • Market Land Value: $290,000
  • Market Improvement Value: $171,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $461,800
  • Assessed Land Value: $290,000
  • Assessed Improvements Value: $171,800

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Transaction ID: 11886438370
  • Current Sale Price: $300,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 62210
  • Previous Sale Recording Date: Sep 02, 1994
  • Previous Sale Contract Date: Sep 02, 1994
  • Previous Sale Amount: $42,000
  • Previous Sale Document Type: unknown

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
In Contract
House
3 Beds
3.5 Baths
2,476 ft²
$404/ft²
$999,995 Feb 18, 2023
-
-

About Wesley Heights


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Frequently Asked Questions

When was property at 525 South Summit Avenue built and last sold?
The property at 525 South Summit Avenue was built in 1940 and last sold on Apr 22, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 525 South Summit Avenue is $1,210,990.
What are some comparable homes to 525 South Summit Avenue?
Homes that are comparable to 525 South Summit Avenue include a house property at 323 State Street, located in Charlotte, NC.

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