3700 Arborway Charlotte, NC 28211

5 beds · 4 baths · 3,329 sq ft · Lot Size: 34,761 sq ft · Single Family Home · Foxcroft
Est. Property Value: $1,761,268

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3700 Arborway is in the Foxcroft neighborhood of Charlotte, NC. It is located in Mecklenburg County and ZIP code 28211. This Single Family Home was built in 1964 and is approximately 61 years old. The single family home spans 3329 sq ft with 5 bedrooms and 4 bathrooms and sits on a 34761 sq ft lot. According to public records, it was last sold in 2017 for $872,000 and has a tax-assessed value of $2,166,400, which is $529 per sq ft. The Foxcroft area of Charlotte has 1007 residential homes with an average size of 4275 sq ft. Analyze and compare real estate investment strategies for properties like this home at 3700 Arborway Charlotte, NC 28211 with Property Intel by Whitepages.

3700 Arborway

Charlotte, NC 28211

Neighborhood

Owners & Occupancy for 3700 Arborway

No contact information is available.

Occupancy

Resident 1*************
Resident 2************* age 59
Resident 3************** age 60
Resident 4******************** age 59

Property Financials for 3700 Arborway

3700 Arborway, Charlotte, NC has a mortgage from Morgan Stanley Pvt Bk Na (orig. November 05, 2021). The Mecklenburg county assessment for 2024 values it at $2,166,400, with annual taxes of $16,558.

Mortgage & Equity Information

Loan Amount$******
LenderMorgan Stanley Pvt Bk Na
Origination DateNovember 05, 2021
Interest Rate****%
Term27 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateAugust 17, 2017
Property Tax Amount$16,558 in 2024
Purchase Price$872,000
Assessed Value$2,166,400 on 2024

Investment Potential for 3700 Arborway

The property has a current estimated value of $1,761,268, which is 5% below the neighborhood median, based on public records. It last sold on August 17, 2017 for $872K. Projected long-term
is $70,200 annually ($5,850 per month) with a 92% occupancy rate.

Discover more Single Family Homes in Foxcroft.

Long-Term

Gross Rental
$70,200 per year($5,850 per month)
Net Operating Income
Cap Rate
Occupancy Rate
92%in 28211 zip code
 
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Property Details for 3700 Arborway

Property Details

Property Sq Ft

Living Area

3,329 sq ft

22% below market

Lot Size

34,761 sq ft

31% above market

Price Per Sq Ft

Living Area

$529 / sq ft

21% above market

Lot Size Area

$51 / sq ft

30% below market

Property condition, age, exterior, etc. for 3700 Arbor…
Longitude: -80.813195 Latitude: 35.163373 Parcel Number (APN): 183-011-11…

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Discover more single family homes near 3700 Arborway 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 3700 Arborway in Mecklenburg County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$1,761,268
$437,153
$1,324,115 (303%)
$583,318
$2,513,160 (431%)
YoY Price Change
1.98%
27%
Year Built
1964
2000
-36 years
Living Space
3,329 sq ft
2,660 sq ft
669 (25%)
$ Per Living Sq Ft
$529
$165
$364 (220%)
Lot Size
34,761 sq ft
19,733 sq ft
15028 (76%)
$ Per Lot Sq Ft
$51
$24
$27 (110%)

Net Operating Income
$22,208
$9,311 (42%)
Annual Revenue
$70,200
$33,000
$37,200 (113%)
$10,249
$28,432 (277%)
Net Operating Income
$22,208
$9,311 (42%)
Cap Rate
5.29%
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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