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5318 Furman Place

5318 Furman Place, Charlotte, NC 28210
Sold Jul 29, 2021
$425,000
$412,250 by Fairway Independent Mortgage C
Mortgage Due Aug 01, 2051
Sold Jul 24, 1995
$78,500
5318 Furman Place 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 1957 and is 67 years old. However, we must point out that the home was most recently renovated and altered in 1975. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. In addition, 5318 Furman Place has 1,708 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 10,454 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level 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. 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 building has a gable style roof made of asphalt. The exterior walls of the building are made of brick. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5318 Furman Place was last sold in Jul 29, 2021 for $425,000. According to our calculations, that's $248.83 per sqft. Prior to that sales transaction, the property was sold for $78,500 in Jul 24, 1995. Current property owners are expected to pay $3,159 in taxes per year. The property on 5318 Furman Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $515,800. To break that down further, the land itself was valued at $275,000. While improvements to the property were assessed at a total of $240,800. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Venner Exterior
Brick Exterior

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Split level
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 10,454
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,708
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,708
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ROYAL MANOR
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L16 B6 M7-559

Ownership

  • Current Owner : PARK JONATHAN BYUNG JU
  • Current Owner 2: ANG YING
  • Previous Owner : FERREN LAURA RUTH
  • Previous Owner 2: FERREN ARTHUR
  • Owner Before Previous Owner: WELLING JR CHARLES L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 003110

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: 171-06
  • District: 1
  • Parcel: 171-063-05
  • Block: 6
  • Lot: 16
  • Municipality: CHARLOTTE
  • Latitude: 35.1692
  • Longitude: -80.8687

    Address

  • Full Address: 5318 Furman Pl
  • Address - House Number: 5318
  • Address - Street Name: Furman
  • Address - Suffix Type: Pl
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C052
  • 4-Digit Zip Code: 2312
  • Zip Code: 28210

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,159
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 76
  • Final Value: 564,310
  • High Value: 665,024
  • Low Value: 463,597

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $412,250
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jul 29, 2021
  • First Open Lien Mortgage Loan Amount: $412,250
  • 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: Aug 01, 2051

    Market Valuation

  • Market Total Value: $515,800
  • Market Land Value: $275,000
  • Market Improvement Value: $240,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $515,800
  • Assessed Land Value: $275,000
  • Assessed Improvements Value: $240,800

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Transaction ID: 11848332062
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021146669
  • Previous Sale Recording Date: Jul 24, 1995
  • Previous Sale Contract Date: Jul 24, 1995
  • Previous Sale Amount: $78,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Jul 29, 2021
  • First Mortgage Loan Amount: $412,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

About Madison Park



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Frequently Asked Questions

What neighborhood is 5318 Furman Place located in?
The 5318 Furman Place is a house located in the neighborhood of Madison Park in Madison Park, Charlotte.
What is the average sales price for listings in 5318 Furman Place?
The average sales price for units in 5318 Furman Place is $0 currently.

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