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7515 Petrea Lane

7515 Petrea Lane, Charlotte, NC 28227
Property in Hickory Ridge
Sold Dec 18, 2018
$129,000
$126,663 by Southern Trust Mortgage Llc
Mortgage Due Jan 01, 2049
Sold Oct 06, 1999
$103,000
$101,756 by Bank Of America
Mortgage Due Oct 01, 2029
7515 Petrea Lane 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 1999 and is 25 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, 7515 Petrea Lane has 1,304 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 871 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. 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 building has a gable style roof made of asphalt. 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. 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, 7515 Petrea Lane was last sold in Dec 18, 2018 for $129,000. According to our calculations, that's $98.93 per sqft. Prior to that sales transaction, the property was sold for $103,000 in Sep 22, 1999. Current property owners are expected to pay $1,068 in taxes per year. The property on 7515 Petrea Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $221,700. To break that down further, the land itself was valued at $50,000. While improvements to the property were assessed at a total of $171,700. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1999
  • Effective Year Built: 1999
  • 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
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,304
  • Gross Building Area: 1,304
  • Building Area: 1,304
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,304
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANDING/HICKORY GROVE
  • Land Acres: 0.02
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: L2302 M31-137

Ownership

  • Current Owner : STERLING KENNETH D
  • Previous Owner : MCLEOD KAREN A
  • Owner Before Previous Owner: PORTRAIT HOMES CONSTRUCTION CO
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 001923

Zoning

  • Zoning: R-12MF(CD)

Geography

  • Assessors Map Reference: 109-15
  • District: 1
  • Parcel: 109-153-70
  • Block: 3
  • Lot: 2302
  • Municipality: CHARLOTTE
  • Latitude: 35.2193
  • Longitude: -80.7218

    Address

  • Full Address: 7515 Petrea Ln
  • Address - House Number: 7515
  • Address - Street Name: Petrea
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C068
  • 4-Digit Zip Code: 1080
  • Zip Code: 28227

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,068
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.2058
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 72
  • Final Value: 246,921
  • High Value: 297,743
  • Low Value: 196,099

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $157,014
  • First Open Lien Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 18, 2018
  • First Open Lien Mortgage Loan Amount: $126,663
  • 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: Jan 01, 2049
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Aug 03, 2022
  • Second Open Lien Mortgage Loan Amount: $30,351
  • Second Open Lien Mortgage Term: 479
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2062

    Market Valuation

  • Market Total Value: $221,700
  • Market Land Value: $50,000
  • Market Improvement Value: $171,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,700
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $171,700

    Sales

  • Current Sale Contract Date: Dec 18, 2018
  • Current Sale Recording Date: Dec 18, 2018
  • Current Sale Transaction ID: 11543917981
  • Current Sale Price: $129,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018155640
  • Previous Sale Recording Date: Oct 06, 1999
  • Previous Sale Contract Date: Sep 22, 1999
  • Previous Sale Amount: $103,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 18, 2018
  • First Mortgage Loan Amount: $126,663
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA
  • Previous Mortgage Transaction Date: Oct 06, 1999
  • Previous Mortgage Loan Amount: $101,756
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2029

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Frequently Asked Questions

What neighborhood is 7515 Petrea Lane located in?
The 7515 Petrea Lane is a located in the neighborhood of Hickory Ridge in Hickory Ridge, Charlotte.
What is the average sales price for listings in 7515 Petrea Lane?
The average sales price for units in 7515 Petrea Lane is $0 currently.

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