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$406,024Estimated home value

Beds
2
Baths
2.0
sq ft
1,150

405 West 7th Street Unit 304, Charlotte, NC 28202

405 West 7th Street Unit 304

Charlotte, NC 28202

  • Off market
This quaint, pristine, bright, split bedroom layout, newly painted (NEW floors!) 2 bed/2bath 1150 sq ft condo is located steps to the Fourth Ward Park, Harris Teeter and within walking distance to Blumenthal Theater, Truist Field, Romare Bearden Park, Panthers Stadium and a myriad of bars/restaurants. This building has a secured rooftop terrace complete with 360 views of Uptown Charlotte, gas grills and seating areas. The primary bedroom features an ensuite and a large walk-in closet with a built-in organization system. The laundry closet offers extra storage space. The assigned parking space is in a secured and covered lot; additional spots for residents are available at the outdoor lot. Your visitor won't have to worry about street parking as visitors are allowed to park on the lot with a valid pass in the designated spaces. A package locker is located in the building for ease of package delivery and pickup. Water heater replaced in 2023. Washer/dryer/new fridge will convey.

Details

Property type

Condominium

Est. home value

$406,024

Lot size

Unknown

Price per sq ft

$400

Year built

1999

Monthly HOA fee

$349.02

Price History

09/18/2024
CanopyMLS

CanopyMLS #4158168

Removed
$460,000
07/20/2024
CanopyMLS

CanopyMLS #4158168

Price change
$460,000
+5.75%
07/12/2024
CanopyMLS

CanopyMLS #4158168

Listed
$435,000
+50%

Schools & Community

Neighborhood: 

Fourth Ward

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$314,193
Asking price
$460,000
Closing costs (~8% of asking)
-$36,800
Est. remaining loan balance
-$109,007
Cash to seller
$314,193

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

March 2015

Original loan amount

$232,000

Est. remaining balance

$109,007

Interest rate

2.99%

Loan type

New Conventional, 16 year

Seller

Simon Girma and Lianhua Shen

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 09/20/2024 at 8:35 AM

Listing updated: 08/16/2024 at 12:25 PM

Listed by: Peaches Pasamba, Keller Williams Ballantyne Area Phone #: (704) 887-6600

MLS: CanopyMLS #4158168

CanopyMLS logo

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