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7232 Rea Croft Drive

7232 Rea Croft Drive, Charlotte, NC 28226
Property in Wessex Square
Sold Jun 29, 2020
$440,000
$340,000 by Thao P Tran
Mortgage Due Jul 01, 2023
Sold Sep 15, 2003
$275,000
$220,000 by Countrywide Home Loans Inc
Mortgage Due Oct 01, 2033
7232 Rea Croft Drive in Charlotte, NC was first built in 2000 and is 24 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, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 7232 Rea Croft Drive has 2,560 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. In total, the area measurement of the land is 8,712 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 420 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 brick. 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, 7232 Rea Croft Drive sold most recently in Jun 26, 2020 for a total of $440,000. If you work out the math, that's approximately a cost of $171.88 per sqft. Before that, the property was also sold for $275,000 in Sep 15, 2003. 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 $4,069 in taxes each year. The initial year of tax delinquency occurred in 2020. 7232 Rea Croft Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $620,200. If we break it down further, the land itself was valued at $140,000. Improvements to the property, however, were assessed at a total of $480,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Building Style: Unknown
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 2,560
  • Gross Building Area: 2,560
  • Building Area: 2,560
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,560
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CANTERBURY MAP 02
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L39 M31-319

Ownership

  • Current Owner : TRAN RUNG VINH
  • Current Owner 2: VO TRUC
  • Previous Owner : TRAN THAO P
  • Owner Before Previous Owner: SMITH RANDY M
  • Owner Before Previous Owner 2: SMITH NATALIE B
  • 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: 003017

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 211-59
  • District: 1
  • Parcel: 211-594-68
  • Block: 4
  • Lot: 39
  • Municipality: CHARLOTTE
  • Latitude: 35.1054
  • Longitude: -80.8058

    Address

  • Full Address: 7232 Rea Croft Dr
  • Address - House Number: 7232
  • Address - Street Name: Rea Croft
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Charlotte
  • Carrier Code: R029
  • 4-Digit Zip Code: 3335
  • Zip Code: 28226

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,069
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 78
  • Final Value: 624,231
  • High Value: 728,534
  • Low Value: 519,928

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $340,000
  • First Open Lien Mortgage Lender: THAO P TRAN
  • First Open Lien Mortgage Recording Date: Jun 29, 2020
  • First Open Lien Mortgage Loan Amount: $340,000
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2023
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $620,200
  • Market Land Value: $140,000
  • Market Improvement Value: $480,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $620,200
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $480,200

    Sales

  • Current Sale Contract Date: Jun 26, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Transaction ID: 11770877295
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020096660
  • Previous Sale Recording Date: Sep 15, 2003
  • Previous Sale Contract Date: Sep 15, 2003
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THAO P TRAN
  • First Mortgage Transaction Date: Jun 29, 2020
  • First Mortgage Loan Amount: $340,000
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Jul 01, 2023

    Previous Mortgages

  • Previous Mortgage Lender: COUNTRYWIDE HOME LOANS INC
  • Previous Mortgage Transaction Date: Sep 15, 2003
  • Previous Mortgage Loan Amount: $220,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Oct 01, 2033

About Wessex Square



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Frequently Asked Questions

What neighborhood is 7232 Rea Croft Drive located in?
The 7232 Rea Croft Drive is a located in the neighborhood of Wessex Square in Wessex Square, Charlotte.
What is the average sales price for listings in 7232 Rea Croft Drive?
The average sales price for units in 7232 Rea Croft Drive is $0 currently.

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