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5601 Green Rea Road

5601 Green Rea Road, Charlotte, NC 28226
House in Montibello
Sold Jan 24, 2020
$1,470,000
$131,000 by Bank Of America Na
Mortgage Due May 01, 2052
Sold Feb 16, 2018
$335,000
Local assessors in Charlotte, NC have categorized 5601 Green Rea Road as a residential type of property. The home was built in 2018 and is 6 years old. The property's lot size has been calculated to be 15,246 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5601 Green Rea Road has a total of 6,206 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is 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, 5601 Green Rea Road sold most recently in Jan 24, 2020 for a total of $1,470,000. If you work out the math, that's approximately a cost of $236.87 per sqft. Before that, the property was also sold for $335,000 in Feb 16, 2018. 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 $13,504 in taxes each year. 5601 Green Rea Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,146,800. If we break it down further, the land itself was valued at $600,000. Improvements to the property, however, were assessed at a total of $1,546,800. 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

Condition

New Construction

Exterior

Brick Venner Exterior
Brick Exterior

Parking

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

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Total Building Area: 6,206
  • Gross Building Area: 6,206
  • Building Area: 6,206
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 6,206
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CARMEL CLUB ESTATES WEST
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential
  • Legal Description 1: P18 BC M14-425

Ownership

  • Current Owner : BUNDY MICHAEL
  • Previous Owner : GREEN REA ROAD LLC
  • Owner Before Previous Owner: TATE KELLY BRYSON
  • Owner Before Previous Owner 2: TATE STEPHEN DENNIS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 003020

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 211-67
  • District: 1
  • Parcel: 211-673-19
  • Block: C
  • Lot: 19
  • Municipality: CHARLOTTE
  • Latitude: 35.0969
  • Longitude: -80.8271

    Address

  • Full Address: 5601 Green Rea Rd
  • Address - House Number: 5601
  • Address - Street Name: Green Rea
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C046
  • 4-Digit Zip Code: 8037
  • Zip Code: 28226

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,504
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 78
  • Final Value: 1,908,070
  • High Value: 2,226,892
  • Low Value: 1,589,249

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $131,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Apr 25, 2022
  • First Open Lien Mortgage Loan Amount: $131,000
  • 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, 2052

    Market Valuation

  • Market Total Value: $2,146,800
  • Market Land Value: $600,000
  • Market Improvement Value: $1,546,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,146,800
  • Assessed Land Value: $600,000
  • Assessed Improvements Value: $1,546,800

    Sales

  • Current Sale Contract Date: Jan 24, 2020
  • Current Sale Recording Date: Jan 24, 2020
  • Current Sale Transaction ID: 11719750850
  • Current Sale Price: $1,470,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020011046
  • Previous Sale Recording Date: Feb 16, 2018
  • Previous Sale Contract Date: Feb 16, 2018
  • Previous Sale Amount: $335,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SHARONVIEW FCU
  • First Mortgage Transaction Date: Jan 24, 2020
  • First Mortgage Loan Amount: $1,176,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

About Montibello



Similar Buildings

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Nearby Rentals

Unit for rent at 4836 Blanchard Way, Charlotte, NC, 28226

$3,200 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,131 ft²
4836 Blanchard Way, Charlotte, NC, 28226 Listing by Maria Carbonell

Frequently Asked Questions

What neighborhood is 5601 Green Rea Road located in?
The 5601 Green Rea Road is a house located in the neighborhood of Montibello in Montibello, Charlotte.
What is the average sales price for listings in 5601 Green Rea Road?
The average sales price for units in 5601 Green Rea Road is $0 currently.

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