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525 S Summit Avenue
525 S Summit Avenue
$1,126,775 (our value guesstimate)
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Charlotte, NC 28208 ▪  (MLS # 4005826)
Built: 1940
3 bed  ▪  2 full bath  ▪  1,398 Sq Ft
Sold for $450,000 on Sep 07, 2023
525 S Summit Avenue
$1,126,775 (our value guesstimate)
Charlotte, NC 28208 ▪  (MLS # 4005826)
Built: 1940
3 bed  ▪  2 full bath  ▪  1,398 Sq Ft
Sold for $450,000 on Sep 07, 2023
Primary property view
SOLD SEP 7, 2023
Property view 2
Property view 3
Property view 4
Property view 5
Property view 6
Property view 7
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$450,000  (sales price)
3 bed  ▪  2 full bath  ▪  1,398 Sq Ft
525 S Summit Avenue
Charlotte, NC 28208 (MLS # 4005826)
.23 acres  ▪   Built: 1940
Subdivision: Wesley Heights
Charlotte, NC / 28208

Our Value Guesstimate (from Computer Algorithm): $1,126,775

Our computer algorithm has estimated that this home would be likely to sell in a range between $957,759 and $1,295,791.
Sale Details
Sales Price: $450,000
Closed: Sep 7, 2023 (527 days ago)
List Price: $499,000
Sold for: 90% of list price
Cumulative Days on Market: 352
Price/Sq Ft: $322
Remarks - 525 S Summit Avenue
(from previous listing) 525 S Summit Avenue is centrally located in the Wesley Heights Historic District just steps away from the Wesley Heights Greenway Trail. This 1940 Craftsman bungalow needs a complete overhaul but could be an absolute stunner once restored. This brick home already has beautiful curb appeal and sits on a large lot but the structure will need everything. Bedroom 3 does not have a closet. If you are a person looking to create something special, this property is worth a look. Renovate in the cur ...
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General Info - MLS # 4005826
Parking: Driveway
Year Built: 1940
Property Type: Single Family Home
Listing Status: Sold
Location: Charlotte / Mecklenburg County
Lot Size: .23 acres
Area Schools
1/10
Bruns Avenue Elementary School
Distance: 0.5 mi
1/10
Ranson Middle School
Distance: 4.9 mi
1/10
West Charlotte High School
Distance: 2.4 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Wesley Heights
Listing History
09/07/2023: MLS Sold for $450,000 (Canopy MLS)
Cumulative Days on Market: 352
More details

County Tax Data
2023 County Tax Assessment: $461,800
Next Mecklenburg County Tax Assessment: 2027
2024 Property Taxes: $3,650

1% List Fee for Sellers

We offer full-service listing services for a fee that starts at 1%. Get the best price for your home and pay less in commissions.

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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 Wesley Heights
SOLD SEP 27, 2024
Sold for $462/Sq Ft & 95% of list
138 cumulative days on market
$1,140,000 (sales price)
5 bed  ▪  4 full bath  ▪  2,470 SqFt
525 S Summit Ave
Charlotte, NC 28208
Wesley Heights
0.0 mi.

SOLD JUL 24, 2024
Sold for $382/Sq Ft & 99% of list
4 cumulative days on market
$487,000 (sales price)
2 bed  ▪  1 full & 1 h. bath  ▪  1,275 SqFt
2346 Morton St
Charlotte, NC 28208
Wesley Heights
1.0 mi.

SOLD JUL 17, 2024
Sold for $375/Sq Ft & 100% of list
1 cumulative day on market
$620,000 (sales price)
3 bed  ▪  3 full bath  ▪  1,652 SqFt
1843 Lela Ave
Charlotte, NC 28208
Wesley Heights
0.3 mi.

Neighborhood Summary (single family)
Wesley Heights

Sales in:

Median $ / Sq Ft (single family)
Wesley Heights




28208 ZIP Code Trends
28208 ZIP Code Trends

OUR RATING: MODERATELY COMPETITIVE

#42 most competitive out of 65 ZIP Codes

In our ZIP Code Analysis (updated daily), we found that 28208 is the 42nd most competitive area for buyers out of 65 ZIP codes analyzed in the Charlotte metro area.

In the 28208 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

31
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 31 cumulative days on market in the 28208 area. Compare this with the Charlotte metro area median of 33 days on market.

12%
Of Recently Sold Homes
Over Asking Price
12% of previously owned 28208-area homes sold over the asking price (versus 16% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28208.

32%
of Available Homes
Are Under Contract
32% of previously owned 28208-area homes are under contract – compared with 37% of all homes in the Charlotte metro area.

28208 Median Home Prices

$283k Median Single Family Price*
 
$388k Median Condo / Townhouse Price*

*Based on the last previous 90 days of home sales in the Canopy MLS. Previously owned homes only.


Price Per Square Foot Change
Period 28208 Area Metro Area
1-year +<1% - 2%
3-year + 3% + 5%
5-year +55% +58%
7-year +138% +78%
The price per square foot of 28208-area re-sale homes has increased by approximately 55% over the past 5 years (versus a 58% increase for the entire Charlotte metro area). Homes have been selling at a median of $247 per square foot in 28208 over the past 90 days - as compared to $212 for the entire metro area. The numbers cited are based on the price per heated square foot for single family, townhomes, and condos combined.

31
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 31 cumulative days on market in the 28208 area. Compare this with the Charlotte metro area median of 33 days on market.

12%
Of Recently Sold Homes
Over Asking Price

12% of previously owned 28208-area homes sold over the asking price (versus 16% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28208.

Price Per Square Foot Change
Period 28208
Area
Metro
Area
1-year +<1% - 2%
3-year + 3% + 5%
5-year +55% +58%
7-year +138% +78%

The price per square foot of 28208-area re-sale homes has increased by approximately 55% over the past 5 years (versus a 58% increase for the entire Charlotte metro area). Homes have been selling at a median of $247 per square foot in 28208 over the past 90 days - as compared to $212 for the entire metro area. The numbers cited are based on the price per heated square foot for single family, townhomes, and condos combined.

32%
of Available Homes
Are Under Contract

32% of previously owned 28208-area homes are under contract – compared with 37% of all homes in the Charlotte metro area.



Our Value Guesstimate: $1,126,775

Our computer algorithm has estimated that this home would be likely to sell in a range between $957,759 and $1,295,791.


Sale Details
Sales Price: $450,000
Closed: Sep 7, 2023 (527 days ago)
List Price: $499,000
Sold for: 90% of list price
Cumulative Days on Market: 352
Price/Sq Ft: $322
Remarks
(from previous listing) 525 S Summit Avenue is centrally located in the Wesley Heights Historic District just steps away from the Wesley Heights Greenway Trail. This 1940 Craftsman bungalow needs a complete overhaul but could be an absolute stunner once restored. This brick home already has beautiful curb appeal and sits ...
Continue reading

General Info - MLS 4005826
Parking: Driveway
Year Built: 1940
Property Type: Single Family Home
Listing Status: Sold
Location: Charlotte / Mecklenburg County
Lot Size: .23 acres

Neighborhood Info
Subdivision: Wesley Heights
Listing History
09/07/2023: MLS Sold for $450,000 (Canopy MLS)
Cumulative Days on Market: 352
More details

Area Schools
1/10
Bruns Avenue Elementary School
Distance: 0.5 mi
1/10
Ranson Middle School
Distance: 4.9 mi
1/10
West Charlotte High School
Distance: 2.4 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 a fee that starts at 1%. Get the best price for your home and pay less in commissions.

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 a fee that starts at 1%. Get the best price for your home and pay less in commissions.

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 a fee that starts at 1%. Get the best price for your home and pay less in commissions. W

1% List Fee for Sellers

We offer full-service listing services for a fee that starts at 1%. Get the best price for your home and pay less in commissions.
If you’re looking to sell a home in the Wesley Heights neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Celadon, Lela Court, and Walnut Hill.



CDS Data Share Based on information submitted to the MLS GRID as of 02/15/2025. 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© 2025 Canopy Multiple Listing Services, Inc. All rights reserved.