tomo logo

$1,199,000

Beds
5
Baths
4.0
sq ft
1,970

525 South Summit Avenue, Charlotte, NC 28208

525 South Summit Avenue

Charlotte, NC 28208

  • 100 days on market
Amazing transformation of this sought after bungalow in Wesley Heights. Now almost 3000 sq ft of living space which boasts 4 brs, 3 baths in newly designed open floor plan. The home was taken down to the studs,added plenty of additional sq. ft. All new sheetrock, wiring, plumbing, mechanicals, cabinetry, fixtures, etc. Original windows were completely restored per Historic Commission requirements. New kitchen has great wood cabinets glass uppers to the ceiling. Primary suite has a large glamor bath with huge shower and W/I closet. You will have private access to the deck from your bedroom. This is one of the few properties that can boast separate garage with living quarters above. The ADU has a separate entrance from the garage to the studio above. The studio can provide rental revenue, Airbnb, home office or even private nanny quarters. The garage is heated and cooled should you could decide to turn it in to a dance studio, workshop or gym - Sky's the limit! Completion 6/1

Details

Property type

Single Family Residence

Est. home value

$503,651

Property condition

New Construction

Lot size

Unknown

Price per sq ft

$609

Year built

1940

Price History

04/04/2024
CanopyMLS

CanopyMLS #4121898

Removed
$1,199,000
03/26/2024
CanopyMLS

CanopyMLS #4121898

Listed
$1,199,000
03/25/2024
CanopyMLS

CanopyMLS #4121898

Listed
$1,199,000

Schools & Community

Neighborhood: 

Wesley Heights

Elementary school: 

Bruns Avenue

Middle school: 

Ranson

High school: 

West Charlotte

Seller’s Loan History

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

Lender

Construction Finance Corporation

Loan start date

September 2023

Original loan amount

$731,250

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Building or Construction Loan, 1 year

Seller

Frontline Construction Llc

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?

Similar Homes Nearby

CanopyMLS
$1,295,000
5 bd
|
4 ba
|
2,753 sq ft
|
House

248 West Kingston Avenue, Charlotte, NC 28203

CanopyMLS
$1,295,000
4 bd
|
3 ba
|
3,736 sq ft
|
House

1724 Dunkirk Drive, Charlotte, NC 28203

CanopyMLS
$1,150,000
3 bd
|
2.5 ba
|
2,359 sq ft
|
House

513 North Pine Street, Charlotte, NC 28202

Status: Active

Tomo last checked: 07/02/2024 at 7:30 PM

Listing updated: 06/25/2024 at 10:43 PM

Listed by: Sheryl Bayko, Fortner Bayko And Company Phone #: (704) 763-2221

MLS: CanopyMLS #4121898

CanopyMLS logo

Recently listed in Charlotte

$599,000|3 bd|2.5 ba|House
$237,000|2 bd|1.0 ba|House
$1,000,000|5 bd|4.0 ba|House
$325,000|2 bd|2.5 ba|Condo