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7225 Ricewell Road

7225 Ricewell Road, Charlotte, NC 28226
Property in McAlpine
Sold Jun 30, 2015
$205,000
$197,800 by Franklin American Mortgage Co
Mortgage Due Jul 01, 2045
Sold Jul 21, 1997
$126,000
Local assessors in Charlotte, NC have categorized 7225 Ricewell Road as a residential type of property. The home was built in 1979 and is 45 years old. It was most recently renovated and altered in 1980. The property's lot size has been calculated to be 23,958 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7225 Ricewell Road has a total of 2,216 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. 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 - C. The building has a gable style roof that was made of asphalt. Lots of materials we are unsure of 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 7225 Ricewell Road was last sold in Jun 30, 2015 for $205,000. According to our calculations, that's $92.51 per sqft. Prior to that sales transaction, the property was sold for $126,000 in Jul 21, 1997. Current property owners are expected to pay $2,539 in taxes per year. The property on 7225 Ricewell Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $375,600. To break that down further, the land itself was valued at $80,000. While improvements to the property were assessed at a total of $295,600. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Unknown
  • Exterior Walls Type: Other
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 23,958
  • Total Building Area: 2,216
  • Gross Building Area: 2,216
  • Building Area: 2,216
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,216
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WALNUT CRK SEC 01 MAP C
  • Land Acres: 0.55
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L41 B1 M18-297

Ownership

  • Current Owner : KING RACHEL ALLEN
  • Current Owner 2: KING STEVEN
  • Previous Owner : PANGLE ANTHONY D
  • Previous Owner 2: PANGLE RHODA S
  • Owner Before Previous Owner: DUNLAP WILLIAM P
  • Owner Before Previous Owner 2: DUNLAP BETH I
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 005830

Zoning

  • Zoning: R-12(CD)

Geography

  • Assessors Map Reference: 221-30
  • District: 1
  • Parcel: 221-303-42
  • Block: 1
  • Lot: 41
  • Municipality: CHARLOTTE
  • Latitude: 35.0753
  • Longitude: -80.8469

    Address

  • Full Address: 7225 Ricewell Rd
  • Address - House Number: 7225
  • Address - Street Name: Ricewell
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R051
  • 4-Digit Zip Code: 3823
  • Zip Code: 28226

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,539
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1689
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 78
  • Final Value: 403,284
  • High Value: 471,435
  • Low Value: 335,134

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $197,800
  • First Open Lien Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Jun 30, 2015
  • First Open Lien Mortgage Loan Amount: $197,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2045

    Market Valuation

  • Market Total Value: $375,600
  • Market Land Value: $80,000
  • Market Improvement Value: $295,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,600
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $295,600

    Sales

  • Current Sale Contract Date: Jun 30, 2015
  • Current Sale Recording Date: Jun 30, 2015
  • Current Sale Transaction ID: 1222344538
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015083226
  • Previous Sale Recording Date: Jul 21, 1997
  • Previous Sale Contract Date: Jul 21, 1997
  • Previous Sale Amount: $126,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: Jun 30, 2015
  • First Mortgage Loan Amount: $197,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2045

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Frequently Asked Questions

What neighborhood is 7225 Ricewell Road located in?
The 7225 Ricewell Road is a located in the neighborhood of McAlpine in McAlpine, Charlotte.
What is the average sales price for listings in 7225 Ricewell Road?
The average sales price for units in 7225 Ricewell Road is $0 currently.

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