See Home Value
Charlotte 28211 Foxcroft
7401 Morrocroft Farms Lane
$5,752,317*
House - Off Market

7401 Morrocroft Farms Lane

Charlotte, NC 28211
bedrooms
5 Beds
bathrooms
10 Baths
square feet
10134 Sqft
$2,876,000 - $3,514,000
Reference Base Price*
80.04%
Since Aug 1, 2017
NC-Charlotte
Primary Model
Sold May 07, 2018
$2,500,000
$2,000,000 by Southern First Bank Na
Mortgage Due Sep 27, 2051
Sold Mar 29, 2007
$3,400,000
$3,230,000 by Bank Of America Na
Mortgage Due Apr 01, 2037

About This Property

Located on 1.3 private and beautifully landscaped acres in the highly sought after gated community of Morrocroft Estates. Designed by Meyer, Greeson and Paullin. Built by Simonini Builders. This home has it all! Gracious formals, high ceilings and hardwood floors throughout, cook's kitchen and Great Room overlook spectacular pool and bluestone patios. 5BR's plus Pool/Guest House. Wine cellar, elevator, fabulous Bonus Rm over attached 4-car garage. Impossible to put into words! See Virtual Tour!

The manager has listed the unit size as 10134 square feet.
Unit Size
10,134Ft²
Days on Market
-
Land Size
-
Price per sqft
$315
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998

Price History

Date / Event Date Event Price
Jul 31, 2017 Listed $3,195,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1998
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 10
  • Full Bathrooms: 8
  • Partial Bathrooms: 10
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Unknown
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Roof Cover Type: Slate
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 482
  • Garage Type: Garage
  • Garage Square Area: 1,283
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 57,499
  • Total Building Area: 10,146
  • Gross Building Area: 10,146
  • Building Area: 10,146
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 10,146
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MORROCROFT PH 01
  • Land Acres: 1.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L16 M23-334

Ownership

  • Current Owner : MORROCROFT NPA HOLDINGS LLC
  • Previous Owner : MAYOPOULOS TIMOTHY J
  • Previous Owner 2: LEFKOF AMY F
  • Owner Before Previous Owner: CAMERON KENNETH R
  • Owner Before Previous Owner 2: CAMERON SUSAN P
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • Census Tract: 002903

Zoning

  • Zoning: R15PUD

Geography

  • Assessors Map Reference: 183-17
  • Parcel: 183-173-44
  • Block: 3
  • Lot: 16
  • Municipality: CHARLOTTE
  • Latitude: 35.1514
  • Longitude: -80.8193

    Address

  • Full Address: 7401 Morrocroft Farms Ln
  • Address - House Number: 7401
  • Address - Street Name: Morrocroft Farms
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C019
  • 4-Digit Zip Code: 5012
  • Zip Code: 28211

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $23,769
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1683
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 78
  • Final Value: 2,110,371
  • High Value: 2,465,659
  • Low Value: 1,755,083

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,750,000
  • First Open Lien Mortgage Lender: SOUTHERN FIRST BANK NA
  • First Open Lien Mortgage Recording Date: Sep 27, 2021
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Sep 27, 2051
  • Second Open Lien Mortgage Lender: SOUTHERN FIRST BANK
  • Second Open Lien Mortgage Recording Date: Jul 13, 2022
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $750,000
  • Second Open Lien Mortgage Term: 24
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jul 13, 2024

    Market Valuation

  • Market Total Value: $3,727,700
  • Market Land Value: $1,400,000
  • Market Improvement Value: $2,327,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,727,700
  • Assessed Land Value: $1,400,000
  • Assessed Improvements Value: $2,327,700

    Sales

  • Current Sale Contract Date: Apr 27, 2018
  • Current Sale Recording Date: May 07, 2018
  • Current Sale Transaction ID: 11463004021
  • Current Sale Price: $2,500,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018055344
  • Previous Sale Recording Date: Mar 29, 2007
  • Previous Sale Contract Date: Mar 29, 2007
  • Previous Sale Amount: $3,400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOUTH STATE BANK
  • First Mortgage Transaction Date: May 07, 2018
  • First Mortgage Loan Amount: $1,350,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: May 05, 2023

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Mar 29, 2007
  • Previous Mortgage Loan Amount: $3,230,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 01, 2037



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Foxcroft


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Frequently Asked Questions

When was property at 7401 Morrocroft Farms Lane built and last sold?
The property at 7401 Morrocroft Farms Lane was built in 1998 and last sold on Apr 27, 2018 for $2,500,000.
How much is this home worth?
The estimated value of the home located at 7401 Morrocroft Farms Lane is $3,226,950.
What are some comparable homes to 7401 Morrocroft Farms Lane?
There are currently no comparable homes to 7401 Morrocroft Farms Lane.

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