7608 Cedarbrook Dr Charlotte, NC 28215

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3 beds · 2 baths · 1,774 sq ft · Lot Size: 67,779 sq ft · Single Family Home · Bradfield Farms
Est. Property Value: $313,988

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7608 Cedarbrook Dr is in the Bradfield Farms neighborhood of Charlotte, NC. It is located in Mecklenburg County and ZIP code 28215. This Single Family Home was built in 1997 and is approximately 28 years old. The single family home spans 1774 sq ft with 3 bedrooms and 2 bathrooms and sits on a 67779 sq ft lot. According to public records, it was last sold in 2021 for $268,000 and has a tax-assessed value of $334,700, which is $177 per sq ft. The Bradfield Farms area of Charlotte has 3162 residential homes with an average size of 1782 sq ft. Analyze and compare real estate investment strategies for properties like this home at 7608 Cedarbrook Dr Charlotte, NC 28215 with Property Intel by Whitepages.

7608 Cedarbrook Dr

Charlotte, NC 28215

Owner Info

Owners & Occupancy for 7608 Cedarbrook Dr

This property is owned by Allen C McGee. Owner contact information includes 7 phone numbers and 5 email addresses.

Property Owners

Cell Phone(704) ***-****View Cell Phone
Residence*************
Landline(903) 527-5907
Distance from Property**********
Email Address******@aol.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 65
Resident 2********************* age 68
Resident 3****************

Property Financials for 7608 Cedarbrook Dr

7608 Cedarbrook Dr, Charlotte, NC has a mortgage from American Sec Mtg Corp (orig. January 20, 2021). The Mecklenburg county assessment for 2024 values it at $334,700, with annual taxes of $2,688.

Mortgage & Equity Information

Loan Amount$******
LenderAmerican Sec Mtg Corp
Origination DateJanuary 20, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateJanuary 19, 2021
Property Tax Amount$2,688 in 2024
Purchase Price$268,000
Assessed Value$334,700 on 2024

Investment Potential for 7608 Cedarbrook Dr

The property has a current estimated value of $313,988, which is 5% below the neighborhood median, based on public records. It last sold on January 19, 2021 for $268K. Projected long-term
is $26,400 annually ($2,200 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 28215 zip code
 
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Property Details for 7608 Cedarbrook Dr

Property Details

Property Sq Ft

Living Area

1,774 sq ft

0% above market

Lot Size

67,779 sq ft

627% above market

Price Per Sq Ft

Living Area

$177 / sq ft

6% below market

Lot Size Area

$5 / sq ft

87% below market

Property condition, age, exterior, etc. for 7608 Cedar…
Longitude: -80.665978 Latitude: 35.220254 Parcel Number (APN): 111-191-05…

Recommended Properties in Bradfield Farms

Discover more single family homes near 7608 Cedarbrook Dr in Charlotte, North Carolina. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 7608 Cedarbrook Dr in Mecklenburg County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$313,988
$257,944
$56,044 (22%)
$368,113
-$21,334 (-6%)
YoY Price Change
2.32%
-57%
Year Built
1997
1990
7 years
Living Space
1,774 sq ft
1,590 sq ft
184 (12%)
$ Per Living Sq Ft
$177
$158
$19 (12%)
Lot Size
67,779 sq ft
20,473 sq ft
47306 (231%)
$ Per Lot Sq Ft
$5
$12
-$7 (-61%)

Net Operating Income
$18,197
-$303 (-2%)
Annual Revenue
$26,400
$25,200
$1,200 (5%)
$6,673
$1,833 (27%)
Net Operating Income
$18,197
-$303 (-2%)
Cap Rate
6.84%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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