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5540 Franklin Springs Circle

5540 Franklin Springs Circle, Charlotte, NC 28217
Property in Yorkmount
Sold Sep 15, 2016
$120,000
$113,905 by Branch Banking And Trust Co
Mortgage Due Oct 01, 2046
Sold Jan 12, 2006
$83,000
$66,400 by Bridgewater Capital Inc
Mortgage Due Feb 01, 2036
5540 Franklin Springs Circle 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 2002 and is 22 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 5540 Franklin Springs Circle has 1,258 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 1,307 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 200 sqft. Residents will have the luxury of enjoying both a open porch and 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 exterior walls of the building are made of alum/vinyl siding. 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 gas. 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, 5540 Franklin Springs Circle sold most recently in Sep 15, 2016 for a total of $120,000. If you work out the math, that's approximately a cost of $95.39 per sqft. Before that, the property was also sold for $83,000 in Jan 4, 2006. 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 $1,382 in taxes each year. 5540 Franklin Springs Circle was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $238,400. If we break it down further, the land itself was valued at $50,000. Improvements to the property, however, were assessed at a total of $188,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Unknown
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 200
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,307
  • Total Building Area: 1,258
  • Gross Building Area: 1,258
  • Building Area: 1,258
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,258
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONEBROOK TWNHM MAP 04
  • Land Acres: 0.03
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: L26 M37-17

Ownership

  • Current Owner : SAVARESE VINCENT W
  • Previous Owner : JONES CHIANTE
  • Previous Owner 2: JONES BOBBY LEESHAWN
  • Owner Before Previous Owner: BRANCH BANKING & TRUST CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 003811

Zoning

  • Zoning: R-8MF(CD)

Geography

  • Assessors Map Reference: 167-03
  • District: 1
  • Parcel: 167-035-40
  • Block: 5
  • Lot: 26
  • Municipality: CHARLOTTE
  • Latitude: 35.169
  • Longitude: -80.8944

    Address

  • Full Address: 5540 Franklin Springs Cir
  • Address - House Number: 5540
  • Address - Street Name: Franklin Springs
  • Address - Suffix Type: Cir
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C005
  • 4-Digit Zip Code: 2097
  • Zip Code: 28217

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,382
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.2366
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 66
  • Final Value: 270,785
  • High Value: 334,870
  • Low Value: 206,700

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $113,905
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Sep 15, 2016
  • First Open Lien Mortgage Loan Amount: $113,905
  • 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: Oct 01, 2046

    Market Valuation

  • Market Total Value: $238,400
  • Market Land Value: $50,000
  • Market Improvement Value: $188,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,400
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $188,400

    Sales

  • Current Sale Contract Date: Sep 15, 2016
  • Current Sale Recording Date: Sep 15, 2016
  • Current Sale Transaction ID: 1812189553
  • Current Sale Price: $120,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016123393
  • Previous Sale Recording Date: Jan 12, 2006
  • Previous Sale Contract Date: Jan 04, 2006
  • Previous Sale Amount: $83,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Sep 15, 2016
  • First Mortgage Loan Amount: $113,905
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: BRIDGEWATER CAPITAL INC
  • Previous Mortgage Transaction Date: Jan 12, 2006
  • Previous Mortgage Loan Amount: $66,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Feb 01, 2036

About Yorkmount



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Frequently Asked Questions

What neighborhood is 5540 Franklin Springs Circle located in?
The 5540 Franklin Springs Circle is a located in the neighborhood of Yorkmount in Yorkmount, Charlotte.
What is the average sales price for listings in 5540 Franklin Springs Circle?
The average sales price for units in 5540 Franklin Springs Circle is $0 currently.

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