Neighborhood
1035 Belmorrow Dr, Charlotte, NC 28214
4 beds · 2 baths · 2,064 sq ft · Lot: 23,958 sq ft · Single Family Home · Last Sold: $188K in 2017 · Built: 1970
Est. Value:
$380K
Est. Rent:
$2.3K/month

1035 Belmorrow Dr Charlotte, NC 28214

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4 beds · 2 baths · 2,064 sq ft · Lot Size: 23,958 sq ft · Single Family Home · Coulwood West
Est. Property Value: $380,498

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1035 Belmorrow Dr is in the Coulwood West neighborhood of Charlotte, NC. It is located in Mecklenburg County and ZIP code 28214. This Single Family Home was built in 1970 and is approximately 55 years old. The single family home spans 2064 sq ft with 4 bedrooms and 2 bathrooms and sits on a 23958 sq ft lot. According to public records, it was last sold in 2017 for $187,500 and has a tax-assessed value of $354,400, which is $184 per sq ft. The Coulwood West area of Charlotte has 1040 residential homes with an average size of 2140 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1035 Belmorrow Dr Charlotte, NC 28214 with Property Intel by Whitepages.

Investment Potential for 1035 Belmorrow Dr

The property has a current estimated value of $380,498, which is 8% above the neighborhood median, based on public records. It last sold on May 25, 2017 for $188K. Projected long-term
is $27,600 annually ($2,300 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$27,600 per year($2,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 28214 zip code
 
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Owners & Occupancy for 1035 Belmorrow Dr

This property is owned by Gary Lee Baker. Owner contact information includes 3 phone numbers and 5 email addresses.

Property Owners

Cell Phone(719) ***-****View Cell Phone
Residence*************
Landline(704) 365-6552
Distance from Property**********
Email Address*************@gmail.comView Email

Property Ownership Information

Purchase DateMay 25, 2017
Property Tax Amount$2,837 in 2024
Purchase Price$187,500

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 45
Resident 2************** age 42

Property Details for 1035 Belmorrow Dr

Property Details

Property Sq Ft

Living Area

2,064 sq ft

4% below market

Lot Size

23,958 sq ft

112% above market

Price Per Sq Ft

Living Area

$184 / sq ft

11% above market

Lot Size Area

$16 / sq ft

52% below market

Property condition, age, exterior, etc. for 1035 Belmo…
Longitude: -80.946802 Latitude: 35.306228 Parcel Number (APN): 031-081-10…
Mortgage originated on through lender: State Emps Fcu for$******View Mortgage Details
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Market Benchmarks

Compare data for 1035 Belmorrow Dr in Mecklenburg County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$380,498
$439,653
-$59,154 (-13%)
$607,199
-$185,879 (-31%)
YoY Price Change
1.98%
-29%
Year Built
1970
2000
-30 years
Living Space
2,064 sq ft
2,660 sq ft
-596 (-22%)
$ Per Living Sq Ft
$184
$172
$12 (7%)
Lot Size
23,958 sq ft
19,733 sq ft
4225 (21%)
$ Per Lot Sq Ft
$16
$31
-$15 (-49%)

Net Operating Income
$22,858
-$4,553 (-20%)
Annual Revenue
$27,600
$33,000
-$5,400 (-16%)
$9,303
-$8 (0%)
Net Operating Income
$22,858
-$4,553 (-20%)
Cap Rate
5.11%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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