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$530,000

Beds
3
Baths
2.5
sq ft
1,888

4107 Merlane Drive, Charlotte, NC 28206

4107 Merlane Drive

Charlotte, NC 28206

  • 20 days on market
Excellent investment opportunity in the thriving area of North End Charlotte. This short-term rental community is just minutes from NODA, Camp North End, Plaza and Uptown. This adorable home features an open floor plan with quartz counter tops, beautiful tile backsplash and all stainless appliances including a gas range. It fronts the 70+acre Sugar Creek Community Park, which features a disc golf course, tennis, basketball courts and other recreation areas. This home can be used as a primary residence or as an income producing property. Currently used as a very successful short-term rental and is being sold turnkey. All lawn care is included with the HOA fee, as well as security cameras for the entire street. Please call LA for ALL showing requests, as this is an active short-term rental, and showings are limited to availability.

Details

Property type

Single Family Residence

Est. home value

$513,440

Lot size

Unknown

Price per sq ft

$281

Year built

2020

Monthly HOA fee

$150

Price History

06/14/2024
CanopyMLS

CanopyMLS #4149645

Listed
$530,000
+27.71%
07/14/2020
CanopyMLS

CanopyMLS #3618823

Sold
$415,000

Schools & Community

Neighborhood: 

Sugaw Creek-Ritch Ave

Elementary school: 

Highland Renaissance

Middle school: 

Martin Luther King Jr

High school: 

Garinger

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

$85,674
Asking price
$530,000
Closing costs (~8% of asking)
-$42,400
Est. remaining loan balance
-$401,926
Cash to seller
$85,674

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

May 2021

Original loan amount

$429,725

Est. remaining balance

$401,926

Interest rate

3.17%

Loan type

VA, 30 year

Seller

Jordan Garrett

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?

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Status: Active

Tomo last checked: 07/02/2024 at 7:10 PM

Listing updated: 06/26/2024 at 9:53 AM

Listed by: Helen St Angelo, Corcoran HM Properties Phone #: (704) 909-5000

MLS: CanopyMLS #4149645

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