1518 Rama Road | Sinko Realty LLC
$299,900
Active NEW 0 days

1518 Rama Road

Charlotte, NC, 28211

3 Bedrooms | 2 Bathrooms | 1,608 Sq Ft | 0.39 Acres
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Property Description

Great opportunity for an owner-occupant or investor in a desirable close-in location near SouthPark, Cotswold, and the fast growing Oakhurst area! This partial brick ranch home sits on a large lot with a gently sloping backyard and features a covered front porch, mature trees and functional layout. The main floor features wood floors, a spacious living room overlooking the front yard, and an eat in kitchen overlooking the rear yard. Three bedrooms, a hall bath and a primary bedroom with an ensuite bath complete the main floor.

The walkout basement is partially finished with a den and fireplace, offering significant potential to expand the living space and increase overall functionality. Some cosmetic and age-related updates are needed. With some detail work and renovation, this property could be transformed into a comfortable home and/or strong investment property in a highly convenient location with easy access to uptown, shopping, and dining. Enjoy in town Charlotte living at an affordable price!

Property Details

Property Type: Single Family Residence
Year Built: 1968
Living Area: 1,608 sq ft
Price / Sq Ft: $187
Lot Size: 0.39 acres
Bedrooms: 3
Bathrooms: 2 (2 full, 0 half)
Subdivision: Rama Woods
Cooling: Ceiling Fan(s), Central Air
Heating: Floor Furnace
Water: City
Sewer: Public Sewer
Foundation: Basement
Construction: Brick Partial, Wood
Basement: Walk-Out Access
Laundry: In Basement
Flooring: Carpet, Tile, Wood
Patio/Porch: Covered, Front Porch
Fireplace: Wood Burning, Other - See Remarks

Appliances

Dishwasher, Dryer, Electric Oven, Exhaust Fan, Gas Water Heater, Propane Water Heater, Refrigerator, Washer, Washer/Dryer

Features

Interior Features
  • Attic Other

Schools

Elementary: Rama Road
High: East Mecklenburg

Financial Information

List Price: $299,900
HOA: No
Listing Information
Status: Active
MLS #: 4359228
Listing Firm: RE/MAX Executive
Listing Agent: Liz Young
Agent Email: liz@lizyoungrealtor.com

Market Insights

Beta
Charlotte is a Buyer's Market

Inventory is high and competition is low. Buyers have more negotiating power.

Buyer's Market Seller's Market
1,889 Active Listings
584 Sold (Last 90 Days)
9.7 mo Inventory
-
98.7%
List to Sale Price
Homes typically sell for about 1% below list price.
~
49 days
Avg. Days on Market
Homes typically go pending in about 7 weeks.
$
$469,500
Median Sale Price
Based on 584 recent sales

Estimated Monthly Payment

Full Calculator →
Estimated Payment
$1,854
per month
Payment Breakdown
Principal & Interest $1,516
Property Tax (est.) $250
Insurance (est.) $87
Total Monthly $1,854

* This is an estimate only. Actual payments may vary based on lender terms, credit score, property taxes, insurance rates, and HOA fees. Contact a lender for accurate quotes.

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Equal Housing Opportunity: Sinko Realty LLC is committed to the principle of equal housing opportunity. All listings are subject to the Federal Fair Housing Act.

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