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11621 Red Rust Lane
11621 Red Rust Lane, Unit Lot 161
$670,722 (our value guesstimate)
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Charlotte, NC 28277 ▪  (MLS # 3502674)
2-car garage  ▪   Built: 2019  ▪   3rd Flr Primary
3 bed  ▪  3 full & 1 half bath  ▪  2,272 Sq Ft
Sold for $407,648 on Dec 31, 2019
11621 Red Rust Lane, Unit Lot 161
$670,722 (our value guesstimate)
Charlotte, NC 28277 ▪  (MLS # 3502674)
2-car garage  ▪   Built: 2019  ▪   3rd Flr Primary
3 bed  ▪  3 full & 1 half bath  ▪  2,272 Sq Ft
Sold for $407,648 on Dec 31, 2019
SOLD DEC 31, 2019
Townhouse
1 of 2 
SOLD DEC 31, 2019
1 of 2 
 
$407,648  (sales price)
3 bed  ▪  3 full & 1 half bath  ▪  2,272 Sq Ft
11621 Red Rust Lane
Charlotte, NC 28277 (MLS # 3502674)
Built: 2019  ▪   3rd Flr Primary Bedroom
Complex Name: Rea Farms
 Was New Construction  
Charlotte, NC / 28277

Our Value Guesstimate (from Computer Algorithm): $670,722

Our computer algorithm has estimated that this home would be likely to sell in a range between $570,114 and $771,330.
Sale Details
 Was New Construction 
Sales Price: $407,648
Closed: Dec 31, 2019 (1,549 days ago)
List Price: $390,649
Sold for: 104% of list price
Cumulative Days on Market: 86
Price/Sq Ft: $179
Remarks - 11621 Red Rust Lane, Unit Lot 161
(from previous listing) You don't want to miss South Charlotte's premier community!! Now selling our highly anticipated Metro Town homes These 3 story town homes are all brick and features all of our exceptional features included. This gorgeous three story offers a spacious guest suite on the main floor with full bath and dual masters on the third level. The 2nd level features a stunning kitchen, dining room, and great room. Walk to the hottest area in town, Rea Farms Village featuring shops and restaurants. For more ...
Continue reading

General Info - MLS # 3502674
Parking: Garage - 2 Car
Year Built: 2019 (was new construction)
Master / Primary Bedroom: Third floor
Listing Status: Sold
Property Type: Townhouse
Location: Charlotte / Mecklenburg County
Area Schools
10/10
Rea Farms STEAM Academy
Distance: 0.3 mi
10/10
Jay M. Robinson Middle School
Distance: 0.9 mi
10/10
Ardrey Kell High School
Distance: 3.0 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Complex Name: Rea Farms
Subdivision: Rea Farms
Community Features: Sidewalk, Street Lights
Listing History
12/31/2019: MLS Sold for $407,648 (Canopy MLS)
Cumulative Days on Market: 86
More details

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 Rea Farms
SOLD JUL 21, 2023
Condo / TH
Sold for $232/Sq Ft & 100% of list
3 cumulative days on market
$559,000 (sales price)
4 bed  ▪  3 full & 1 h. bath  ▪  2,406 SqFt
11511 Red Rust Ln
Charlotte, NC 28277
Rea Farms
0.0 mi.

SOLD MAY 19, 2023
Condo / TH
Sold for $263/Sq Ft & 98% of list
80 cumulative days on market
$390,000 (sales price)
2 bed  ▪  2 full & 1 h. bath  ▪  1,484 SqFt
11614 Red Rust Ln
Charlotte, NC 28277
Rea Farms
0.0 mi.

SOLD FEB 17, 2023
Condo / TH
Sold for $266/Sq Ft & 96% of list
19 cumulative days on market
$475,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,784 SqFt
11606 Red Rust Ln
Charlotte, NC 28277
Rea Farms
0.0 mi.


28277 ZIP Code Trends
28277 ZIP Code Trends

OUR RATING: MOST COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28277 is the 2nd most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28277 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

4
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 4 cumulative days on market in the 28277 area. Compare this with the Charlotte metro area median of 17 days on market.

43%
Of Recently Sold Homes
Over Asking Price
43% of previously owned 28277-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 28277.

69%
of Available Homes
Are Under Contract
69% of previously owned 28277-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28277 Area Metro Area
1-year + 1% + 3%
2-year + 5% + 2%
5-year +64% +66%
The price per square foot of 28277-area re-sale homes has increased by approximately 64% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $245 per square foot in 28277 over the past 90 days - as compared to $212 for the entire metro area.

4
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 4 cumulative days on market in the 28277 area. Compare this with the Charlotte metro area median of 17 days on market.

42%
Of Recently Sold Homes
Over Asking Price

42% of previously owned 28277-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 28277.

Price Per Square Foot Change
Period 28277
Area
Metro
Area
1-year + 1% + 3%
2-year + 5% + 2%
5-year +64% +66%

The price per square foot of 28277-area re-sale homes has increased by approximately 64% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $245 per square foot in 28277 over the past 90 days - as compared to $212 for the entire metro area.

69%
of Available Homes
Are Under Contract

69% of previously owned 28277-area homes are under contract – compared with 49% of all homes in the Charlotte metro area.



Our Value Guesstimate: $670,722

Our computer algorithm has estimated that this home would be likely to sell in a range between $570,114 and $771,330.


Sale Details
Sales Price: $407,648
Closed: Dec 31, 2019 (1,549 days ago)
List Price: $390,649
Sold for: 104% of list price
Cumulative Days on Market: 86
Price/Sq Ft: $179
Remarks
(from previous listing) You don't want to miss South Charlotte's premier community!! Now selling our highly anticipated Metro Town homes These 3 story town homes are all brick and features all of our exceptional features included. This gorgeous three story offers a spacious guest suite on the main floor with full bath and ...
Continue reading

General Info - MLS 3502674
Parking: Garage - 2 Car
Year Built: 2019 (was new construction)
Master / Primary Bedroom: Third floor
Listing Status: Sold
Property Type: Townhouse
Location: Charlotte / Mecklenburg County
Neighborhood Info
Complex Name: Rea Farms
Subdivision: Rea Farms
Community Features: Sidewalk, Street Lights
Listing History
12/31/2019: MLS Sold for $407,648 (Canopy MLS)
Cumulative Days on Market: 86
More details

Area Schools
10/10
Rea Farms STEAM Academy
Distance: 0.3 mi
10/10
Jay M. Robinson Middle School
Distance: 0.9 mi
10/10
Ardrey Kell High School
Distance: 3.0 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 Rea Farms neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Fairway Row, Stone Creek, and Stone Creek Ranch.



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.