Terra Vista Realty
Mobile Menu
Terra Vista Realty
5116 Chestnut Lake Drive
5116 Chestnut Lake Drive
$380,877 (our value guesstimate)
 Back
Charlotte, NC 28227 ▪  (MLS # 3602857)
2-car garage  ▪   Built: 1977  ▪   Primary Up
4 bed  ▪  2 full & 1 half bath  ▪  1,927 Sq Ft
Sold for $232,000 on May 01, 2020
5116 Chestnut Lake Drive
$380,877 (our value guesstimate)
Charlotte, NC 28227 ▪  (MLS # 3602857)
2-car garage  ▪   Built: 1977  ▪   Primary Up
4 bed  ▪  2 full & 1 half bath  ▪  1,927 Sq Ft
Sold for $232,000 on May 01, 2020
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
SOLD MAY 1, 2020
1 of 27 
 
$232,000  (sales price)
4 bed  ▪  2 full & 1 half bath  ▪  1,927 Sq Ft
5116 Chestnut Lake Drive
Charlotte, NC 28227 (MLS # 3602857)
.37 acres  ▪   Built: 1977  ▪   Primary Bedroom Up
Subdivision: Chestnut Lake
Charlotte, NC / 28227

Our Value Guesstimate (from Computer Algorithm): $380,877

Our computer algorithm has estimated that this home would be likely to sell in a range between $323,745 and $438,009.
Sale Details
Sales Price: $232,000
Closed: May 1, 2020 (1,427 days ago)
List Price: $230,000
Sold for: 101% of list price
Cumulative Days on Market: 3
Price/Sq Ft: $120
Remarks - 5116 Chestnut Lake Drive
(from previous listing) Newly updated floors and kitchen in this 4 bedroom, 2.5 bath home on gorgeous lot with mature trees. Updated kitchen features brand new cabinets and granite counter (2018) with beautiful slate tile floor. All appliances updated in the last couple years with the range being the last update just a few months ago! Beautiful new Luxury Vinyl Plank flooring in living room, family room, dining room, and all bedrooms. Tile in entry and baths. Only carpet is on the stairs! Oversized 2 car detached garag ...
Continue reading

General Info - MLS # 3602857
Parking: Detached, Garage - 2 Car
Year Built: 1977
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .37 acres
Area Schools
2/10
Albemarle Road Elementary School
Distance: 0.8 mi
2/10
Albemarle Road Middle School
Distance: 0.8 mi
4/10
Independence High School
Distance: 1.6 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Chestnut Lake
Listing History
05/01/2020: MLS Sold for $232,000 (Canopy MLS)
Cumulative Days on Market: 3
More details

04/03/2017: MLS # 3205167 sold for $170,000 (Canopy MLS) - SEE LISTING
Cumulative Days on Market: 18
County Tax Data
2023 County Tax Assessment: $396,100
Next Mecklenburg County Tax Assessment: 2027

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


  More Home Details
  Map / Satellite View

See Sold Homes in Chestnut Lake
SOLD SEP 15, 2023
Sold for $168/Sq Ft & 87% of list
7 cumulative days on market
$288,500 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,717 SqFt
5128 Chestnut Lake Dr
Charlotte, NC 28227
Chestnut Lake
0.0 mi.

SOLD MAY 5, 2023
Sold for $137/Sq Ft & 100% of list
12 cumulative days on market
$296,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  2,160 SqFt
4905 Chestnut Lake Dr
Charlotte, NC 28227
Chestnut Lake
0.2 mi.

SOLD APR 28, 2023
Sold for $169/Sq Ft & 97% of list
193 cumulative days on market
$330,000 (sales price)
4 bed  ▪  2 full & 1 h. bath  ▪  1,950 SqFt
7611 Applewood Ln
Charlotte, NC 28227
Chestnut Lake
0.1 mi.

Neighborhood Summary (single family)
Chestnut Lake

Sales in:

Median $ / Sq Ft (single family)
Chestnut Lake




28227 ZIP Code Trends
28227 ZIP Code Trends

OUR RATING: MODERATELY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28227 is the 37th most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28227 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

23
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 23 cumulative days on market in the 28227 area. Compare this with the Charlotte metro area median of 17 days on market.

21%
Of Recently Sold Homes
Over Asking Price
21% of previously owned 28227-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 28227.

59%
of Available Homes
Are Under Contract
59% of previously owned 28227-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28227 Area Metro Area
1-year -<1% + 3%
2-year + 1% + 2%
5-year +68% +66%
The price per square foot of 28227-area re-sale homes has increased by approximately 68% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $202 per square foot in 28227 over the past 90 days - as compared to $212 for the entire metro area.

23
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 23 cumulative days on market in the 28227 area. Compare this with the Charlotte metro area median of 17 days on market.

20%
Of Recently Sold Homes
Over Asking Price

20% of previously owned 28227-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 28227.

Price Per Square Foot Change
Period 28227
Area
Metro
Area
1-year -<1% + 3%
2-year + 1% + 2%
5-year +68% +66%

The price per square foot of 28227-area re-sale homes has increased by approximately 68% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $202 per square foot in 28227 over the past 90 days - as compared to $212 for the entire metro area.

59%
of Available Homes
Are Under Contract

59% of previously owned 28227-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $380,877

Our computer algorithm has estimated that this home would be likely to sell in a range between $323,745 and $438,009.


Sale Details
Sales Price: $232,000
Closed: May 1, 2020 (1,427 days ago)
List Price: $230,000
Sold for: 101% of list price
Cumulative Days on Market: 3
Price/Sq Ft: $120
Remarks
(from previous listing) Newly updated floors and kitchen in this 4 bedroom, 2.5 bath home on gorgeous lot with mature trees. Updated kitchen features brand new cabinets and granite counter (2018) with beautiful slate tile floor. All appliances updated in the last couple years with the range being the last update just a few ...
Continue reading

General Info - MLS 3602857
Parking: Detached, Garage - 2 Car
Year Built: 1977
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .37 acres

Neighborhood Info
Subdivision: Chestnut Lake
Listing History
05/01/2020: MLS Sold for $232,000 (Canopy MLS)
Cumulative Days on Market: 3
More details


04/03/2017: MLS # 3205167 sold for $170,000 (Canopy MLS) - SEE LISTING
Cumulative Days on Market: 18
Area Schools
2/10
Albemarle Road Elementary School
Distance: 0.8 mi
2/10
Albemarle Road Middle School
Distance: 0.8 mi
4/10
Independence High School
Distance: 1.6 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 Chestnut Lake neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Wildwood, Cheverton, and Rosegate.



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.