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5540 Fallon Court

5540 Fallon Court, Charlotte, NC 28226
Property in Montibello
Sold May 26, 2017
$1,220,000
$400,000 by Phh Home Loans Llc
Mortgage Due Jun 01, 2047
Sold May 25, 2011
$865,000
$400,000 by Bank Of America Na
Mortgage Due Jun 01, 2026
Local assessors in Charlotte, NC have categorized 5540 Fallon Court as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 150,935 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 0 rooms in the home. Of these, 6 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 4 full bathrooms. There are also 5 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5540 Fallon Court has a total of 4,933 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 500 sqft. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back 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 - A. The building has a hip style roof that was made of wood. Lots of stucco 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. The property was last sold in May 22, 2017 for $1,220,000. That's $247.31 per sqft. Prior to that sales transaction, the property was also sold in May 25, 2011 for $865,000. 5540 Fallon Court was last assessed in 2023. The total value of the property was assessed at $1,533,500. Specifically, the land the property is located on was valued at $520,000. While improvements on the property were assessed at a total of $1,013,500. 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 $12,208. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Unknown
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 500
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 150,935
  • Total Building Area: 4,933
  • Gross Building Area: 4,933
  • Building Area: 4,933
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,933
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUMMERLAKE MAPS 01&2 PH 02 REV
  • Land Acres: 3.465
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L62 B1 M25-289 & P47 B6 M26-874

Ownership

  • Current Owner : KANG QIUWEI
  • Current Owner 2: YU YAN
  • Previous Owner : DANIELS JOHN L
  • Previous Owner 2: DANIELS KIMBERLY C
  • Owner Before Previous Owner: JOHNSON DOUGLAS K
  • Owner Before Previous Owner 2: JOHNSON JULIANA C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Charlotte-Mecklenburg Schools
  • School Tax School District: CHARLOTTE
  • Census Tract: 003020

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 211-55
  • District: 1
  • Parcel: 211-551-26
  • Block: 1
  • Lot: 62
  • Municipality: CHARLOTTE
  • Latitude: 35.1225
  • Longitude: -80.7991

    Address

  • Full Address: 5540 Fallon Ct
  • Address - House Number: 5540
  • Address - Street Name: Fallon
  • Address - Suffix Type: Ct
  • State: NC
  • City Name: Charlotte
  • Carrier Code: C057
  • 4-Digit Zip Code: 5629
  • Zip Code: 28226

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,208
  • Tax Rate Code Area: CITY OF CH

    Appraisal Valuation

  • Standard Deviation: 0.1684
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 78
  • Final Value: 1,709,155
  • High Value: 1,997,008
  • Low Value: 1,421,303

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: PHH HOME LOANS LLC
  • First Open Lien Mortgage Recording Date: May 26, 2017
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2047

    Market Valuation

  • Market Total Value: $1,533,500
  • Market Land Value: $520,000
  • Market Improvement Value: $1,013,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,533,500
  • Assessed Land Value: $520,000
  • Assessed Improvements Value: $1,013,500

    Sales

  • Current Sale Contract Date: May 22, 2017
  • Current Sale Recording Date: May 26, 2017
  • Current Sale Transaction ID: 1588331002
  • Current Sale Price: $1,220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017069934
  • Previous Sale Recording Date: May 25, 2011
  • Previous Sale Contract Date: May 25, 2011
  • Previous Sale Amount: $865,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PHH HOME LOANS LLC
  • First Mortgage Transaction Date: May 26, 2017
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: May 25, 2011
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2026

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Frequently Asked Questions

What neighborhood is 5540 Fallon Court located in?
The 5540 Fallon Court is a located in the neighborhood of Montibello in Montibello, Charlotte.
What is the average sales price for listings in 5540 Fallon Court?
The average sales price for units in 5540 Fallon Court is $0 currently.

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