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1609 Lake Drive
1609 Lake Drive
$986,962 (our value guesstimate)
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Charlotte, NC 28214 ▪  (MLS # 3414725)
Built: 1972  ▪   Primary Up
5 bed  ▪  3 full & 1 half bath  ▪  3,134 Sq Ft
Sold for $540,000 on Oct 03, 2018
1609 Lake Drive
$986,962 (our value guesstimate)
Charlotte, NC 28214 ▪  (MLS # 3414725)
Built: 1972  ▪   Primary Up
5 bed  ▪  3 full & 1 half bath  ▪  3,134 Sq Ft
Sold for $540,000 on Oct 03, 2018
SOLD OCT 3, 2018
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$540,000  (sales price)
5 bed  ▪  3 full & 1 half bath  ▪  3,134 Sq Ft
1609 Lake Drive
Charlotte, NC 28214 (MLS # 3414725)
1.02 acres  ▪   Built: 1972  ▪   Primary Bedroom Up
Charlotte, NC / 28214

Our Value Guesstimate (from Computer Algorithm): $986,962

Our computer algorithm has estimated that this home would be likely to sell in a range between $838,918 and $1,135,006.
Sale Details
Sales Price: $540,000
Closed: Oct 3, 2018 (2,003 days ago)
List Price: $569,999
Sold for: 95% of list price
Cumulative Days on Market: 31
Price/Sq Ft: $172
Remarks - 1609 Lake Drive
(from previous listing) Immaculate home with views that will take your breath away! One of a kind riverfront home in Charlotte! 200ft lakefront, shallow beach area and the perfect place to relax after a hard days work, Home completely renovated and rebuilt in 2004. Guest cabin currently used for AirBNB and rents our for around $2000 per month. Also connections now available for City Water and Sewer!! A lake front property with city water and sewer available is very rare! This home is a must see!
General Info - MLS # 3414725
Parking: Parking Space - 4+
Year Built: 1972
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: 1.02 acres
Area Schools
3/10
River Oaks Academy
Distance: 1.0 mi
7/10
Coulwood STEM Academy
Distance: 2.6 mi
1/10
West Mecklenburg High School
Distance: 5.5 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Listing History
10/03/2018: MLS Sold for $540,000 (Canopy MLS)
Cumulative Days on Market: 31
More details

County Tax Data
2023 County Tax Assessment: $295,500
Next Mecklenburg County Tax Assessment: 2027
2023 Property Taxes: $2,047

1% List Fee for Sellers

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

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28214 ZIP Code Trends
28214 ZIP Code Trends

OUR RATING: VERY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28214 is the 17th most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28214 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

11
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 11 cumulative days on market in the 28214 area. Compare this with the Charlotte metro area median of 17 days on market.

19%
Of Recently Sold Homes
Over Asking Price
19% of previously owned 28214-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 28214.

54%
of Available Homes
Are Under Contract
54% of previously owned 28214-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28214 Area Metro Area
1-year + 1% + 3%
2-year - 1% + 2%
5-year +67% +66%
The price per square foot of 28214-area re-sale homes has increased by approximately 67% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $192 per square foot in 28214 over the past 90 days - as compared to $212 for the entire metro area.

13
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 13 cumulative days on market in the 28214 area. Compare this with the Charlotte metro area median of 17 days on market.

19%
Of Recently Sold Homes
Over Asking Price

19% of previously owned 28214-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 28214.

Price Per Square Foot Change
Period 28214
Area
Metro
Area
1-year + 1% + 3%
2-year - 1% + 2%
5-year +67% +66%

The price per square foot of 28214-area re-sale homes has increased by approximately 67% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $192 per square foot in 28214 over the past 90 days - as compared to $212 for the entire metro area.

54%
of Available Homes
Are Under Contract

54% of previously owned 28214-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $986,962

Our computer algorithm has estimated that this home would be likely to sell in a range between $838,918 and $1,135,006.


Sale Details
Sales Price: $540,000
Closed: Oct 3, 2018 (2,003 days ago)
List Price: $569,999
Sold for: 95% of list price
Cumulative Days on Market: 31
Price/Sq Ft: $172
Remarks
(from previous listing) Immaculate home with views that will take your breath away! One of a kind riverfront home in Charlotte! 200ft lakefront, shallow beach area and the perfect place to relax after a hard days work, Home completely renovated and rebuilt in 2004. Guest cabin currently used for AirBNB and rents our for ar ...
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General Info - MLS 3414725
Parking: Parking Space - 4+
Year Built: 1972
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: 1.02 acres

Listing History
10/03/2018: MLS Sold for $540,000 (Canopy MLS)
Cumulative Days on Market: 31
More details

Area Schools
3/10
River Oaks Academy
Distance: 1.0 mi
7/10
Coulwood STEM Academy
Distance: 2.6 mi
1/10
West Mecklenburg High School
Distance: 5.5 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.



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.