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987 Rayon Street

987 Rayon Street, Charlotte, NC 28216
Property in Oakview Terrace
Sold Jul 23, 2021
$700,000
$630,000 by Grubb Southeast Fund Vi Llc
Mortgage
Sold Dec 18, 2019
$141,000
$131,200 by Habitat For Humanity Of Charlo
Mortgage Due Jan 01, 2050
Local assessors in Charlotte, NC have categorized 987 Rayon Street as a residential type of property. The home was built in 2019 and is 5 years old. The property's lot size has been calculated to be 27,007 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, 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 987 Rayon Street has a total of 1,288 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 - C. The building has a roof that is made of asphalt. Lots of alum/vinyl siding 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 electricity. The property was last sold in Jul 19, 2021 for $700,000. That's $543.48 per sqft. Prior to that sales transaction, the property was also sold in Dec 18, 2019 for $141,000. 987 Rayon Street was last assessed in 2023. The total value of the property was assessed at $300,000. While improvements on the property were assessed at a total of $300,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,672. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 27,007
  • Total Building Area: 1,288
  • Gross Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,288
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EMMA DAVIDSON PROP
  • Land Acres: 0.62
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L1 M4-633

Ownership

  • Current Owner : HONEYWOOD VENTURES LLC
  • Previous Owner : JONES NATHANIEL E
  • Owner Before Previous Owner: HABITAT FOR HUMANITY OF CHARLOTTE INC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 004500

Zoning

  • Zoning: R-5

Geography

  • Assessors Map Reference: 069-14
  • District: 1
  • Parcel: 069-144-15
  • Block: 4
  • Lot: 1
  • Municipality: CHARLOTTE
  • Latitude: 35.2639
  • Longitude: -80.871

    Address

  • Full Address: 987 Rayon St
  • Address - House Number: 987
  • Address - Street Name: Rayon
  • Address - Suffix Type: St
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C002
  • 4-Digit Zip Code: 4107
  • Zip Code: 28216

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,672
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1863
  • Valuation Date: Apr 26, 2023
  • Confidence Score: 75
  • Final Value: 363,606
  • High Value: 431,380
  • Low Value: 295,831

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $630,000
  • First Open Lien Mortgage Lender: GRUBB SOUTHEAST FUND VI LLC
  • First Open Lien Mortgage Recording Date: Jul 23, 2021
  • First Open Lien Mortgage Loan Amount: $630,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Market Valuation

  • Market Total Value: $300,000
  • Market Improvement Value: $300,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,000
  • Assessed Improvements Value: $300,000

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Transaction ID: 11844741381
  • Current Sale Price: $700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021142311
  • Previous Sale Recording Date: Dec 18, 2019
  • Previous Sale Contract Date: Dec 18, 2019
  • Previous Sale Amount: $141,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GRUBB SOUTHEAST FUND VI LLC
  • First Mortgage Transaction Date: Jul 23, 2021
  • First Mortgage Loan Amount: $630,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: HABITAT FOR HUMANITY OF CHARLO
  • Previous Mortgage Transaction Date: Dec 18, 2019
  • Previous Mortgage Loan Amount: $131,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Stand Alone Second
  • Previous Mortgage Loan Due Date: Jan 01, 2050

About Oakview Terrace



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Frequently Asked Questions

What neighborhood is 987 Rayon Street located in?
The 987 Rayon Street is a located in the neighborhood of Oakview Terrace in Oakview Terrace, Charlotte.
What is the average sales price for listings in 987 Rayon Street?
The average sales price for units in 987 Rayon Street is $0 currently.

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