520 Lawrence Gray Road | Sinko Realty LLC
$699,999
$800,000
PRICE REDUCED UNDER CONTRACT

520 Lawrence Gray Road

Charlotte, NC, 28262

0 Bedrooms | 0 Bathrooms | 0 Sq Ft | 3.16 Acres
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Property Description

Builders, come take advantage of this prime location area to build multiple homes. This 3.24 acres is located right by Mallard Creek and 485. This land is zoned for single family residential but according to Char Meck Zoning, could support up to tri-plexes. It can not be rezoned multifamily. There is a home currently located on 1 of the 3 parcels. It appears to have good bones but needs a lot of rehab. From my estimation, you maybe able to get up to 8 homes on these lots. All 3 parcels to be sold together. City water available but not city sewer. The main for sewer stops at Mallard Woods. City says builder could connect to main but city will not do it. House being sold as is

Property Details

Property Type: Acreage
Year Built: N/A
Living Area: 0 sq ft
Lot Size: 3.16 acres
Bedrooms: 0
Bathrooms: 0
Days on Market: 323
Subdivision: none
Water: City
Sewer: Other - See Remarks

Schools

Elementary: Mallard Creek
Middle: Ridge Road
High: Mallard Creek

Financial Information

List Price: $699,999
HOA: No
Listing Information
Status: Active Under Contract
MLS #: 4179423
Listing Firm: MATHERS REALTY.COM
Listing Agent: Wallace Crawford
Agent Email: wbcrawford55@gmail.com

Market Insights

Charlotte is a Buyer's Market

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

Buyer's Market Seller's Market
167 Active Listings
18 Sold (Last 90 Days)
27.8 mo Inventory
-
92%
List to Sale Price
Homes typically sell for 8% below list price.
~
41 days
Avg. Days on Market
Homes typically go pending in about 6 weeks.
$
$139,000
Median Sale Price
Based on 18 recent sales

Estimated Monthly Payment

Full Calculator →
Estimated Payment
$4,327
per month
Payment Breakdown
Principal & Interest $3,540
Property Tax (est.) $583
Insurance (est.) $204
Total Monthly $4,327

* 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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