tomo logo

$500,000

Beds
5
Baths
3.0
sq ft
3,142

523 Belmorrow Drive, Charlotte, NC 28214

523 Belmorrow Drive

Charlotte, NC 28214

  • Pending
This 2.2-acre property in central Charlotte is truly a rare find, no HOA restrictions. The full-brick, renovated home welcomes you with a spacious front yard, extended driveway, and an oversized front porch. Step inside to discover an open, airy layout with a living room, dining area, and a bright kitchen featuring white cabinetry, stainless-steel appliances, and quartz countertops. The main floor includes three bedrooms, two baths, two pantry closets, and a convenient laundry room. The fully finished daylight lower level adds even more value, with two additional bedrooms, a full bath, and a large flex space perfect for a game room, office, or entertainment area. Water hookup and stove outlet equipped for a wet bar or kitchenette. A separate entry to the lower level, making it ideal for second-quarter living or generating rental income. Easy access to I-485, minutes from White Water Center, and a short distance to uptown Charlotte. This property truly offers endless possibilities!

Details

Property type

Single Family Residence

Est. home value

$471,851

Lot size

Unknown

Price per sq ft

$160

Year built

1969

Price History

03/06/2025
CanopyMLS

CanopyMLS #4226703

Pending
$500,000
02/27/2025
CanopyMLS

CanopyMLS #4226703

Listed
$500,000
+7.53%
10/27/2023
CanopyMLS

CanopyMLS #4065619

Sold
$465,000

Schools & Community

Neighborhood: 

Coulwood West

Elementary school: 

Paw Creek

Middle school: 

Coulwood

High school: 

West Mecklenburg

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

$93,310
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$366,690
Cash to seller
$93,310

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

Seller’s Loan History

Lender

Strong Home Mortgage Llc

Loan start date

October 2023

Original loan amount

$372,000

Est. remaining balance

$366,690

Interest rate

7.12%

Loan type

New Conventional, 30 year

Seller

Phuong Lam and Bobby Ho

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: Pending/Under Contract

Tomo last checked: 04/01/2025 at 2:30 PM

Listing updated: 03/05/2025 at 10:24 PM

Listed by: Jenny Hoang, NorthGroup Real Estate LLC Phone #: (704) 412-2804

MLS: CanopyMLS #4226703

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