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5502 McChesney Drive

5502 McChesney Drive, Charlotte, NC 28269
House in McChesney
Sold Oct 30, 2020
$390,000
$389,900 by State Employees Cu
Mortgage Due Nov 01, 2050
Sold Aug 24, 1998
$245,000
$196,000 by Beazer Mtg Corp
Mortgage Due Sep 01, 2028
5502 McChesney 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, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 5502 McChesney Drive has 3,942 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. The basement is 1,130 sqft and has been categorized as a unknown. In total, the area measurement of the land is 11,892 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 asphalt. For those who need parking, there is a garage. The garage is 470 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 alum/vinyl siding. 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, 5502 McChesney Drive sold most recently in Oct 30, 2020 for a total of $390,000. If you work out the math, that's approximately a cost of $98.93 per sqft. Before that, the property was also sold for $245,000 in Aug 14, 1998. 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 $3,303 in taxes each year. 5502 McChesney Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $491,000. If we break it down further, the land itself was valued at $99,000. Improvements to the property, however, were assessed at a total of $392,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. 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.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
Open Parking
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: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 1,130
  • Garage Type: Garage
  • Garage Square Area: 470
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,892
  • Total Building Area: 3,942
  • Gross Building Area: 3,942
  • Building Area: 3,942
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,942
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MCCHESNEY VILLAGE MAP 02 HLND CRK
  • Land Acres: 0.273
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L82 B26 M27-626

Ownership

  • Current Owner : DEAN CEDRIC LAMONTE
  • Current Owner 2: BAKER BETTY D
  • Previous Owner : MALLARD ALVA STEWART
  • Previous Owner 2: MALLARD DIANNE S
  • Owner Before Previous Owner: BEAZER HOMES CORP
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 005516

Zoning

  • Zoning: R-9PUD

Geography

  • Assessors Map Reference: 029-70
  • District: 1
  • Parcel: 029-702-67
  • Block: 26
  • Lot: 82
  • Municipality: CHARLOTTE
  • Latitude: 35.3842
  • Longitude: -80.7591

    Address

  • Full Address: 5502 Mcchesney Dr
  • Address - House Number: 5502
  • Address - Street Name: Mcchesney
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R182
  • 4-Digit Zip Code: 7188
  • Zip Code: 28269

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,303
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 79
  • Final Value: 533,700
  • High Value: 621,636
  • Low Value: 445,764

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,900
  • First Open Lien Mortgage Lender: STATE EMPLOYEES CU
  • First Open Lien Mortgage Recording Date: Oct 30, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $389,900
  • 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: Nov 01, 2050

    Market Valuation

  • Market Total Value: $491,000
  • Market Land Value: $99,000
  • Market Improvement Value: $392,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $491,000
  • Assessed Land Value: $99,000
  • Assessed Improvements Value: $392,000

    Sales

  • Current Sale Contract Date: Oct 30, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Transaction ID: 11807960954
  • Current Sale Price: $390,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020181827
  • Previous Sale Recording Date: Aug 24, 1998
  • Previous Sale Contract Date: Aug 14, 1998
  • Previous Sale Amount: $245,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE EMPLOYEES CU
  • First Mortgage Transaction Date: Oct 30, 2020
  • First Mortgage Loan Amount: $389,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BEAZER MTG CORP
  • Previous Mortgage Transaction Date: Aug 24, 1998
  • Previous Mortgage Loan Amount: $196,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Due Date: Sep 01, 2028

About Highland Creek



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Nearby Rentals

Unit for rent at

$2,550 /mo

  • 3 Beds
  • 3 Baths
  • 1,692 ft²
Listing by Manager
Unit for rent at

$2,625 /mo

  • 5 Beds
  • 3 Baths
  • 3,179 ft²
Listing by Jennifer Stoops
Unit for rent at

$2,500 /mo

  • 4 Beds
  • 2.5 Baths
  • 2,666 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 5502 McChesney Drive located in?
The 5502 McChesney Drive is a house located in the neighborhood of McChesney in Highland Creek, Charlotte.
What is the average sales price for listings in 5502 McChesney Drive?
The average sales price for units in 5502 McChesney Drive is $389,900 , or $100/sqft. currently.

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