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8742 Lorraine Drive
8742 Lorraine Drive
$489,256 (our value guesstimate)
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Charlotte, NC 28270 ▪  (MLS # 3640261)
2-car garage  ▪   Built: 1980  ▪   Primary Up
3 bed  ▪  2 full & 1 half bath  ▪  2,861 Sq Ft
Sold for $315,000 on Sep 23, 2020
8742 Lorraine Drive
$489,256 (our value guesstimate)
Charlotte, NC 28270 ▪  (MLS # 3640261)
2-car garage  ▪   Built: 1980  ▪   Primary Up
3 bed  ▪  2 full & 1 half bath  ▪  2,861 Sq Ft
Sold for $315,000 on Sep 23, 2020
SOLD SEP 23, 2020
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$315,000  (sales price)
3 bed  ▪  2 full & 1 half bath  ▪  2,861 Sq Ft
8742 Lorraine Drive
Charlotte, NC 28270 (MLS # 3640261)
.45 acres  ▪   Built: 1980  ▪   Primary Bedroom Up
Subdivision: Oak Creek Estates
Charlotte, NC / 28270

Our Value Guesstimate (from Computer Algorithm): $489,256

Our computer algorithm has estimated that this home would be likely to sell in a range between $415,868 and $562,644.
Sale Details
Sales Price: $315,000
Closed: Sep 23, 2020 (1,283 days ago)
List Price: $324,995
Sold for: 97% of list price
Cumulative Days on Market: 29
Price/Sq Ft: $110
Remarks - 8742 Lorraine Drive
(from previous listing) Two story contemporary Home in Oak Creek Estates on private cul-da-sac lot. Home Features: 3 bedrooms, 2 full baths, and 1 half bath with additional loft area that could a 4th bedroom or home office. Large vaulted living room w/Gas Log Fireplace and built in bookcase adjoins a dining room and vaulted foyer that features Brazillian Cherry Hardwood Floors. Galley Kitchen w/garden window and Slate Flooring. Large stone fireplace in den area w/gas logs and features Cumuru Hardwoods, leads out onto y ...
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General Info - MLS # 3640261
Parking: Attached, Garage - 2 Car
Year Built: 1980
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .45 acres
Area Schools
3/10
Greenway Park Elementary School
Distance: 1.9 mi
4/10
McClintock Middle School
Distance: 3.5 mi
9/10
East Mecklenburg High School
Distance: 3.1 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Oak Creek Estates
Listing History
09/23/2020: MLS Sold for $315,000 (Canopy MLS)
Cumulative Days on Market: 29
More details

County Tax Data
2023 County Tax Assessment: $453,200
Next Mecklenburg County Tax Assessment: 2027
2023 Property Taxes: $3,463

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
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See Sold Homes in Oak Creek Estates
SOLD OCT 17, 2023
Sold for $263/Sq Ft & 108% of list
1 cumulative day on market
$515,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,958 SqFt
8613 Lorraine Dr
Charlotte, NC 28270
Oak Creek Estates
0.1 mi.

SOLD JUL 6, 2022
Sold for $175/Sq Ft & 105% of list
1 cumulative day on market
$507,000 (sales price)
4 bed  ▪  2 full & 1 h. bath  ▪  2,896 SqFt
230 Millwood Ln
Charlotte, NC 28270
Oak Creek Estates
0.1 mi.

SOLD JUL 6, 2022
Sold for $186/Sq Ft & 105% of list
1 cumulative day on market
$523,200 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  2,812 SqFt
145 Creek Valley Dr
Charlotte, NC 28270
Oak Creek Estates
0.1 mi.


28270 ZIP Code Trends
28270 ZIP Code Trends

OUR RATING: MOST COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28270 is the 5th most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28270 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

5
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 5 cumulative days on market in the 28270 area. Compare this with the Charlotte metro area median of 17 days on market.

50%
Of Recently Sold Homes
Over Asking Price
50% of previously owned 28270-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 28270.

62%
of Available Homes
Are Under Contract
62% of previously owned 28270-area homes are under contract – compared with 48% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28270 Area Metro Area
1-year + 1% + 2%
2-year + 8% + 2%
5-year +69% +66%
The price per square foot of 28270-area re-sale homes has increased by approximately 69% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $248 per square foot in 28270 over the past 90 days - as compared to $212 for the entire metro area.

6
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 6 cumulative days on market in the 28270 area. Compare this with the Charlotte metro area median of 17 days on market.

48%
Of Recently Sold Homes
Over Asking Price

48% of previously owned 28270-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 28270.

Price Per Square Foot Change
Period 28270
Area
Metro
Area
1-year + 1% + 2%
2-year + 8% + 2%
5-year +69% +66%

The price per square foot of 28270-area re-sale homes has increased by approximately 69% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $248 per square foot in 28270 over the past 90 days - as compared to $212 for the entire metro area.

62%
of Available Homes
Are Under Contract

62% of previously owned 28270-area homes are under contract – compared with 48% of all homes in the Charlotte metro area.



Our Value Guesstimate: $489,256

Our computer algorithm has estimated that this home would be likely to sell in a range between $415,868 and $562,644.


Sale Details
Sales Price: $315,000
Closed: Sep 23, 2020 (1,283 days ago)
List Price: $324,995
Sold for: 97% of list price
Cumulative Days on Market: 29
Price/Sq Ft: $110
Remarks
(from previous listing) Two story contemporary Home in Oak Creek Estates on private cul-da-sac lot. Home Features: 3 bedrooms, 2 full baths, and 1 half bath with additional loft area that could a 4th bedroom or home office. Large vaulted living room w/Gas Log Fireplace and built in bookcase adjoins a dining room and vaulte ...
Continue reading

General Info - MLS 3640261
Parking: Attached, Garage - 2 Car
Year Built: 1980
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .45 acres

Neighborhood Info
Subdivision: Oak Creek Estates
Listing History
09/23/2020: MLS Sold for $315,000 (Canopy MLS)
Cumulative Days on Market: 29
More details

Area Schools
3/10
Greenway Park Elementary School
Distance: 1.9 mi
4/10
McClintock Middle School
Distance: 3.5 mi
9/10
East Mecklenburg High School
Distance: 3.1 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 Oak Creek Estates neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Brackenbury, High Timbers, and Sardis Croft.



CDS Data Share Based on information submitted to the MLS GRID as of 03/29/2024. 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.