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Terra Vista Realty
516 Lorna Street
516 Lorna Street
$633,056 (our value guesstimate)
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Charlotte, NC 28205 ▪  (MLS # 3659560)
Built: 1951  ▪   Primary on Main
2 bed  ▪  2 full bath  ▪  1,236 Sq Ft
Sold for $482,500 on Jan 15, 2021
516 Lorna Street
$633,056 (our value guesstimate)
Charlotte, NC 28205 ▪  (MLS # 3659560)
Built: 1951  ▪   Primary on Main
2 bed  ▪  2 full bath  ▪  1,236 Sq Ft
Sold for $482,500 on Jan 15, 2021
SOLD JAN 15, 2021
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SOLD JAN 15, 2021
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$482,500  (sales price)
2 bed  ▪  2 full bath  ▪  1,236 Sq Ft
516 Lorna Street
Charlotte, NC 28205 (MLS # 3659560)
.2 acres  ▪   Built: 1951  ▪   Primary Bedroom on Main
Subdivision: Chantilly
Charlotte, NC / 28205

Our Value Guesstimate (from Computer Algorithm): $633,056

Our computer algorithm has estimated that this home would be likely to sell in a range between $538,098 and $728,014.
Sale Details
Sales Price: $482,500
Closed: Jan 15, 2021 (1,169 days ago)
List Price: $499,000
Sold for: 97% of list price
Cumulative Days on Market: 85
Price/Sq Ft: $390
Remarks - 516 Lorna Street
(from previous listing) This stunning mid-century modern home located on the highly desirable 'Lorna Loop' in Chantilly has been meticulously maintained and is ready for new owners to love it. Inside, high ceilings complement each room and flow throughout this home that is flooded with natural light. The living room and dining room are open to one another and the kitchen features granite countertops and ample cabinet space. The primary bedroom has a stunning ensuite with oversized vanity and plenty of storage place. Th ...
Continue reading

General Info - MLS # 3659560
Parking: Carport - 2 Car, Driveway
Year Built: 1951
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .2 acres
Area Schools
5/10
Oakhurst STEAM Academy
Distance: 1.6 mi
2/10
Eastway Middle School
Distance: 1.7 mi
1/10
Garinger High School
Distance: 2.7 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Chantilly
Listing History
01/15/2021: MLS Sold for $482,500 (Canopy MLS)
Cumulative Days on Market: 85
More details

County Tax Data
2023 County Tax Assessment: $579,700
Next Mecklenburg County Tax Assessment: 2027
2023 Property Taxes: $4,391

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 Chantilly
SOLD NOV 9, 2023
Sold for $394/Sq Ft & 88% of list
24 cumulative days on market
$429,000 (sales price)
3 bed  ▪  1 full bath  ▪  1,090 SqFt
215 Wyanoke Ave
Charlotte, NC 28205
Chantilly
0.1 mi.

SOLD OCT 20, 2023
Sold for $432/Sq Ft & 100% of list
3 cumulative days on market
$500,000 (sales price)
3 bed  ▪  1 full bath  ▪  1,157 SqFt
2421 Commonwealth Ave
Charlotte, NC 28205
Chantilly
0.6 mi.

SOLD JUL 13, 2023
Sold for $455/Sq Ft & 97% of list
7 cumulative days on market
$672,000 (sales price)
3 bed  ▪  2 full bath  ▪  1,476 SqFt
2624 Bay St
Charlotte, NC 28205
Chantilly
0.2 mi.

Neighborhood Summary (single family)
Chantilly

Sales in:

Median $ / Sq Ft (single family)
Chantilly




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 48% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28205 Area Metro Area
1-year + 3% + 2%
2-year Steady + 2%
5-year +53% +66%
The price per square foot of 28205-area re-sale homes has increased by approximately 53% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $336 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.

32%
Of Recently Sold Homes
Over Asking Price

32% 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% + 2%
2-year Steady + 2%
5-year +53% +66%

The price per square foot of 28205-area re-sale homes has increased by approximately 53% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $336 per square foot in 28205 over the past 90 days - as compared to $212 for the entire metro area.

44%
of Available Homes
Are Under Contract

44% of previously owned 28205-area homes are under contract – compared with 48% of all homes in the Charlotte metro area.



Our Value Guesstimate: $633,056

Our computer algorithm has estimated that this home would be likely to sell in a range between $538,098 and $728,014.


Sale Details
Sales Price: $482,500
Closed: Jan 15, 2021 (1,169 days ago)
List Price: $499,000
Sold for: 97% of list price
Cumulative Days on Market: 85
Price/Sq Ft: $390
Remarks
(from previous listing) This stunning mid-century modern home located on the highly desirable 'Lorna Loop' in Chantilly has been meticulously maintained and is ready for new owners to love it. Inside, high ceilings complement each room and flow throughout this home that is flooded with natural light. The living room and di ...
Continue reading

General Info - MLS 3659560
Parking: Carport - 2 Car, Driveway
Year Built: 1951
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Charlotte / Mecklenburg County
Lot Size: .2 acres

Neighborhood Info
Subdivision: Chantilly
Listing History
01/15/2021: MLS Sold for $482,500 (Canopy MLS)
Cumulative Days on Market: 85
More details

Area Schools
5/10
Oakhurst STEAM Academy
Distance: 1.6 mi
2/10
Eastway Middle School
Distance: 1.7 mi
1/10
Garinger High School
Distance: 2.7 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 Chantilly neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Elizabeth Court, Chantilly On The Green, and Woodstone of Elizabeth.



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.