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5996 Tea Olive Road
5996 Tea Olive Road
$1,870,607 (our value guesstimate)
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Marvin, NC 28173 ▪  (MLS # 3806776)
3-car garage  ▪   Built: 2017  ▪   Primary Up
7 bed  ▪  7 full bath  ▪  7,691 Sq Ft
Sold for $1,625,000 on Mar 03, 2022
5996 Tea Olive Road
$1,870,607 (our value guesstimate)
Marvin, NC 28173 ▪  (MLS # 3806776)
3-car garage  ▪   Built: 2017  ▪   Primary Up
7 bed  ▪  7 full bath  ▪  7,691 Sq Ft
Sold for $1,625,000 on Mar 03, 2022
SOLD MAR 3, 2022
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$1,625,000  (sales price)
7 bed  ▪  7 full bath  ▪  7,691 Sq Ft
5996 Tea Olive Road
Marvin, NC 28173 (MLS # 3806776)
.83 acres  ▪   Built: 2017  ▪   Primary Bedroom Up
Subdivision: The Preserve at Marvin
Marvin, NC / 28173

Our Value Guesstimate (from Computer Algorithm): $1,870,607

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,590,016 and $2,151,198.
Sale Details
Sales Price: $1,625,000
Closed: Mar 3, 2022 (780 days ago)
List Price: $1,625,000
Sold for: 100% of list price
Cumulative Days on Market: 59
Price/Sq Ft: $211
Remarks - 5996 Tea Olive Road
(from previous listing) **HIGHEST AND BEST OFFERS BY JANUARY 24, 2021 AT 12PM** Welcome to the Preserve at Marvin. This Hampton model is Toll Brothers largest in the community with a massive custom walk out basement and rests on the largest basement lot at the Preserve. As you enter, the dual staircase reveal a dramatic chandelier and marble inlay. The two-story family room with fireplace features wood beams. Every room in the main house has its own en-suite and walk-in-closet. The owner’s suite boasts a sitting room a ...
Continue reading

General Info - MLS # 3806776
Parking: Attached, Garage - 3 Car
Year Built: 2017
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Marvin / Union County
Lot Size: .83 acres
Area Schools
10/10
Marvin Elementary School
Distance: 0.5 mi
10/10
Marvin Ridge Middle School
Distance: 1.8 mi
10/10
Marvin Ridge High School
Distance: 1.7 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: The Preserve at Marvin
Listing History
03/03/2022: MLS Sold for $1,625,000 (Canopy MLS)
Cumulative Days on Market: 59
More details

County Tax Data
2021 County Tax Assessment: $1,118,900
Next Union County Tax Assessment: 2025
2021 Property Taxes: $7,715

1% List Fee for Sellers

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

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  Map / Satellite View

See Sold Homes in The Preserve at Marvin
SOLD APR 10, 2023
Sold for $243/Sq Ft & 95% of list
115 cumulative days on market
$1,575,000 (sales price)
6 bed  ▪  6 full & 1 h. bath  ▪  6,471 SqFt
3000 Flowering Peach Rd
Marvin, NC 28173
The Preserve at Marvin
0.1 mi.

SOLD SEP 15, 2022
Sold for $245/Sq Ft & 104% of list
0 cumulative days on market
$1,649,000 (sales price)
6 bed  ▪  5 full bath  ▪  6,737 SqFt
4040 Flowering Peach Rd
Marvin, NC 28173
The Preserve at Marvin
0.2 mi.

SOLD JUL 29, 2022
Sold for $272/Sq Ft & 107% of list
4 cumulative days on market
$1,226,500 (sales price)
5 bed  ▪  5 full & 1 h. bath  ▪  4,501 SqFt
6016 Tea Olive Rd
Marvin, NC 28173
The Preserve at Marvin
0.1 mi.


28173 ZIP Code Trends
28173 ZIP Code Trends

OUR RATING: MOST COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28173 is the 6th most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28173 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 28173 area. Compare this with the Charlotte metro area median of 13 days on market.

44%
Of Recently Sold Homes
Over Asking Price
44% of previously owned 28173-area homes sold over the asking price (versus 28% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28173.

55%
of Available Homes
Are Under Contract
55% of previously owned 28173-area homes are under contract – compared with 48% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28173 Area Metro Area
1-year + 2% + 1%
3-year +29% +26%
5-year +69% +65%
7-year +80% +90%
The price per square foot of 28173-area re-sale homes has increased by approximately 69% over the past 5 years (versus a 65% increase for the entire Charlotte metro area). Homes have been selling at a median of $223 per square foot in 28173 over the past 90 days - as compared to $213 for the entire metro area.

5
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 5 cumulative days on market in the 28173 area. Compare this with the Charlotte metro area median of 13 days on market.

44%
Of Recently Sold Homes
Over Asking Price

44% of previously owned 28173-area homes sold over the asking price (versus 28% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28173.

Price Per Square Foot Change
Period 28173
Area
Metro
Area
1-year + 2% + 1%
3-year +29% +26%
5-year +69% +65%
7-year +80% +90%

The price per square foot of 28173-area re-sale homes has increased by approximately 69% over the past 5 years (versus a 65% increase for the entire Charlotte metro area). Homes have been selling at a median of $223 per square foot in 28173 over the past 90 days - as compared to $213 for the entire metro area.

55%
of Available Homes
Are Under Contract

55% of previously owned 28173-area homes are under contract – compared with 48% of all homes in the Charlotte metro area.



Our Value Guesstimate: $1,870,607

Our computer algorithm has estimated that this home would be likely to sell in a range between $1,590,016 and $2,151,198.


Sale Details
Sales Price: $1,625,000
Closed: Mar 3, 2022 (780 days ago)
List Price: $1,625,000
Sold for: 100% of list price
Cumulative Days on Market: 59
Price/Sq Ft: $211
Remarks
(from previous listing) **HIGHEST AND BEST OFFERS BY JANUARY 24, 2021 AT 12PM** Welcome to the Preserve at Marvin. This Hampton model is Toll Brothers largest in the community with a massive custom walk out basement and rests on the largest basement lot at the Preserve. As you enter, the dual staircase reveal a dramatic ch ...
Continue reading

General Info - MLS 3806776
Parking: Attached, Garage - 3 Car
Year Built: 2017
Master / Primary Bedroom: Upper floor
Listing Status: Sold
Property Type: Single Family Home
Location: Marvin / Union County
Lot Size: .83 acres

Neighborhood Info
Subdivision: The Preserve at Marvin
Listing History
03/03/2022: MLS Sold for $1,625,000 (Canopy MLS)
Cumulative Days on Market: 59
More details

Area Schools
10/10
Marvin Elementary School
Distance: 0.5 mi
10/10
Marvin Ridge Middle School
Distance: 1.8 mi
10/10
Marvin Ridge High School
Distance: 1.7 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 The Preserve At Marvin neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including The Gates At Ansley, Innisbrook At Firethorne, and Ladera.



CDS Data Share Based on information submitted to the MLS GRID as of 04/21/2024. 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.