7501 Old Statesville Rd, Charlotte, NC, 28269

$5,500,000

Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Lot
MLS #4028607
StatusAccepting Backup Offers
(Active Under Contract)

About 7501 Old Statesville Rd

PRIME LOCATION FOR NEW DEVELOPMENT ON 16.89+/- ACRES WITH OVER 740 FEET OF ROAD FRONTAGE on Old Statesville Road (HWY 115) just south of W T Harris. This site is being sold together with the adjoining properties at 7535 Old Statesville Rd and 5701 Ratcliffe Lane Properties have split zoning; CG and MHP per new UDO. Sellers anticipate developer rezoning and clearing the property. Future City of Charlotte 2040 Area Plan envisions Neighborhood 1 allowing for duplex, triplexes, or quadraplexes. Neighborhood 1 had 3 classifications A, B or C that specify minimum SF area per building unit, setbacks, etc. PROPOSED: RED LINE commuter rail and Community Activity Center with retail, dining and entertainment across Old Statesville Road. Existing mobile home leases will be terminated 30 days prior to closing. Buyer must handle any evictions, trailer abandonment, demolition and removal of remaining personal property. Mobile homes date back to 1958; there are approximately 56 units.

Property Details

Property Features

Listing Office:

  • Office Name: Allen Tate Lake Norman

School Info

Assigned Schools Information:

  • North Mecklenburg High School, Public District Grades 9-12
  • Ranson Middle School, Public District Grades 6-8
  • Winding Springs Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,500,000

Tax Information:

  • Annual Amount: $9,335
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Charlotte, NC.

Med. Sold Price

$409.4K

Med. Price/SqFt

$230

Avg. Days On Market

31

# of Sold Homes

998

7501 Old Statesville Rd vs Charlotte

353 DAYS ON ROCKET

+322 Days

$5,500,000

+$5.0M More

KEY TAKEAWAY

This property is $5.0M more than the Median Sold Price in Charlotte, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4028607

Listing Office:

  • Office Name: Allen Tate Lake Norman

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,335$967,400

History based on county public records data.

Payment Calculator

$27.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$16.5K

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1893428
4
/10
  • Winding Springs Elementary School

  • 6601 Horace Mann Rd

  • 1.22 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1893429
2
/10
  • Ranson Middle School

  • 5850 Statesville Rd

  • 1.76 miles

  • Public District Grades 6-8

High School

school-card-donut-1893430
4
/10
  • North Mecklenburg High School

  • 11201 Old Statesville Rd

  • 3.38 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,293. Residents of Charlotte, NC typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7501 Old Statesville Rd

What is the listing price of this property?

The listing price of 7501 Old Statesville Rd property is $5,500,000.

What type of property is this?

The property 7501 Old Statesville Rd is land located in Charlotte, North Carolina, 28269.

Is this property for sale now?

Accepting Backup Offers: 7501 Old Statesville Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 7501 Old Statesville Rd are:
Winding Springs Elementary School: GreatSchools Rating 4/10
Ranson Middle School: GreatSchools Rating 2/10
North Mecklenburg High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $9,335 (source: MLS/based on county public records data).
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Rocket HomesNorth CarolinaMecklenburg CountyCharlotte282697501 Old Statesville Rd

This home is located at 7501 Old Statesville Rd in Charlotte, NC and zip code 28269. It has been listed on Rocket Homes since May 11, 2023 and is currently priced at $5,500,000.

Charlotte, NC housing market in March 2024 saw over 306 listings sold above listed price, more than 229 sold at listed price and over 463 sold below. Between February 2024 and March 2024, Charlotte, NC real estate market has seen increase in the number of listings by 10%. The median list price of listings available in March 2024 was $409,486, while the average time on the real estate market was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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