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Terra Vista Realty
505 Patterson Street
505 Patterson Street
$935,184 (our value guesstimate)
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Charlotte, NC 28205 ▪  (MLS # 3079148)
Built: 2015  ▪   Primary on Main
5 bed  ▪  3 full & 1 half bath  ▪  2,717 Sq Ft
Sold for $470,000 on Sep 04, 2015
505 Patterson Street
$935,184 (our value guesstimate)
Charlotte, NC 28205 ▪  (MLS # 3079148)
Built: 2015  ▪   Primary on Main
5 bed  ▪  3 full & 1 half bath  ▪  2,717 Sq Ft
Sold for $470,000 on Sep 04, 2015
SOLD SEP 4, 2015
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$470,000  (sales price)
5 bed  ▪  3 full & 1 half bath  ▪  2,717 Sq Ft
505 Patterson Street
Charlotte, NC 28205 (MLS # 3079148)
.17 acres  ▪   Built: 2015  ▪   Primary Bedroom on Main
Subdivision: The Arts District
 Was New Construction  
Charlotte, NC / 28205

Our Value Guesstimate (from Computer Algorithm): $935,184

Our computer algorithm has estimated that this home would be likely to sell in a range between $794,906 and $1,075,462.
Sale Details
 Was New Construction 
Sales Price: $470,000
Closed: Sep 4, 2015 (3,128 days ago)
List Price: $499,900
Sold for: 94% of list price
Cumulative Days on Market: 104
Price/Sq Ft: $173
Remarks - 505 Patterson Street
(from previous listing) Stunning NEW house in the popular NoDa Arts District. Builder spares no expense to provide exquisite craftsmanship throughout. Open floor plan, 5 bedroom, 3.5 baths, loft and media room. Spacious master suite on main floor, walk in closet w/ built in, double sink, Jacuzzi and separate shower. Gorgeous open kitchen w/ huge island, top of the line GE S/S appliances, custom cabinets, tile back splash. Exquisite granite in kitchen and all baths. Large covered porch and fenced backyard. Amazing!
General Info - MLS # 3079148
Parking: Driveway, Parking Space - 3+
Year Built: 2015 (was new construction)
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .17 acres
Area Schools
5/10
Villa Heights Elementary School
Distance: 1.1 mi
2/10
Eastway Middle School
Distance: 3.0 mi
1/10
Garinger High School
Distance: 1.1 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: The Arts District
Listing History
09/04/2015: MLS Sold for $470,000 (Canopy MLS)
Cumulative Days on Market: 104
More details

1% List Fee for Sellers

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See Sold Homes in The Arts District
SOLD JUL 28, 2023
Sold for $338/Sq Ft & 100% of list
11 cumulative days on market
$989,000 (sales price)
5 bed  ▪  3 full bath  ▪  2,924 SqFt
3425 Oakwood Ave
Charlotte, NC 28205
The Arts District
0.4 mi.

SOLD JUL 26, 2023
Sold for $335/Sq Ft & 99% of list
250 cumulative days on market
$979,000 (sales price)
5 bed  ▪  3 full bath  ▪  2,924 SqFt
3429 Oakwood Ave
Charlotte, NC 28205
The Arts District
0.4 mi.

SOLD MAR 1, 2023
Sold for $310/Sq Ft & 98% of list
87 cumulative days on market
$882,500 (sales price)
5 bed  ▪  3 full bath  ▪  2,847 SqFt
912 Essex St
Charlotte, NC 28205
The Arts District
0.5 mi.

Neighborhood Summary (single family)
The Arts District

Sales in:

Median $ / Sq Ft (single family)
The Arts District




28205 ZIP Code Trends
28205 ZIP Code Trends

OUR RATING: MOST COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28205 is the 15th most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28205 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

7
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 7 cumulative days on market in the 28205 area. Compare this with the Charlotte metro area median of 17 days on market.

33%
Of Recently Sold Homes
Over Asking Price
33% of previously owned 28205-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28205.

44%
of Available Homes
Are Under Contract
44% of previously owned 28205-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28205 Area Metro Area
1-year + 3% + 3%
2-year +<1% + 2%
5-year +54% +66%
The price per square foot of 28205-area re-sale homes has increased by approximately 54% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $337 per square foot in 28205 over the past 90 days - as compared to $212 for the entire metro area.

7
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 7 cumulative days on market in the 28205 area. Compare this with the Charlotte metro area median of 17 days on market.

33%
Of Recently Sold Homes
Over Asking Price

33% of previously owned 28205-area homes sold over the asking price (versus 25% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28205.

Price Per Square Foot Change
Period 28205
Area
Metro
Area
1-year + 3% + 3%
2-year +<1% + 2%
5-year +54% +66%

The price per square foot of 28205-area re-sale homes has increased by approximately 54% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $337 per square foot in 28205 over the past 90 days - as compared to $212 for the entire metro area.

42%
of Available Homes
Are Under Contract

42% of previously owned 28205-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $935,184

Our computer algorithm has estimated that this home would be likely to sell in a range between $794,906 and $1,075,462.


Sale Details
Sales Price: $470,000
Closed: Sep 4, 2015 (3,128 days ago)
List Price: $499,900
Sold for: 94% of list price
Cumulative Days on Market: 104
Price/Sq Ft: $173
Remarks
(from previous listing) Stunning NEW house in the popular NoDa Arts District. Builder spares no expense to provide exquisite craftsmanship throughout. Open floor plan, 5 bedroom, 3.5 baths, loft and media room. Spacious master suite on main floor, walk in closet w/ built in, double sink, Jacuzzi and separate shower. Gor ...
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General Info - MLS 3079148
Parking: Driveway, Parking Space - 3+
Year Built: 2015 (was new construction)
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .17 acres

Neighborhood Info
Subdivision: The Arts District
Listing History
09/04/2015: MLS Sold for $470,000 (Canopy MLS)
Cumulative Days on Market: 104
More details

Area Schools
5/10
Villa Heights Elementary School
Distance: 1.1 mi
2/10
Eastway Middle School
Distance: 3.0 mi
1/10
Garinger High School
Distance: 1.1 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.


  More Home Details
  Map / Satellite View

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents


 



1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting a more precise estimate on your home's value from one of our experienced agents




1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.
If you’re looking to sell a home in the The Arts District neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Atlas, Fat City Condominium, and Spencer Towns.



CDS Data Share Based on information submitted to the MLS GRID as of 03/28/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2024 Canopy Multiple Listing Services, Inc. All rights reserved.