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Awning Analysis
Neighborhood
Schools
Market Statistics
Demographics
7813 Pence Pond LaneCharlotte, NC 28227
$255,000  
3  Bd
2  Ba
1,067  Sq. Ft.
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Exp. Reviewed
This home's numbers have been reviewed by the Awning team to ensure the best estimates are in place.

Key Insights
A-
Overall Niche neighborhood gradeThis neighborhood is incredibly desirable to live in! See details
B+
Overall Niche school gradeThe public schools in this area are good! See details

Awning Agent
Humberto Marquez
Humberto Marquez
#: 342263
Humberto has four years of real estate experience prior to working for Awning. He has helped hundreds of clients across multiple real estate markets with buying properties and actively invests himself. Feel free to ask him any questions you have about Awning, investing, or any listing.
Note from Humberto

Renovation Cost Estimate

  • Because the home is more than 15 years old, we are budgeting $4,500 for any major items that may need replacing ($4500)
  • Painting the exterior of the home ($2134)

This listing has an HOA fee of $17 monthly.




Flood zone is X. So, flood insurance is not required.

Comp address: 7840 Pelican Ct, Charlotte, NC 28227

Ask Humberto a question
Response time: typically within an hour
Text or call  682-730-0010

Description
Investor Special!!! This nice ranch home features 3 bedrooms, 2 full bathrooms and over 1000 square feet. Spacious living room with tall ceiling and fireplace. Dining area and galley style kitchen with newer counters and appliances. Primary bedroom has walk in closet and private full bath with dual vanity and garden tub. The home has a 2 car driveway, fenced back yard and large patio. Located in East Charlotte off Pence Rd. near Harrisburg Rd. Minutes from Uptown, University Area or Mint Hill. Interior photos are from before the current tenant moved in 2021. The home is occupied with a lease in place ending 8/31/23. Current rent price is $1500/month, the tenant would like to stay long term! Showings will be allowed only on weekends. Please do not disturb tenant.
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Listed by: Andrew Shearer · DRE#: CAR2004347 · Shearer Realty Inc.Source: MLS logo cmls · MLS#: 3927969 · Originating MLS: Carolina MLS (Charlotte, NC)Awning last checked: today at 11:57 AM | Last updated 01/12/2023Listing data provided via Home Junction MLS logo

Property Facts & Features
Facts
Units
1
$/SQFT
$255
$/Unit
$272,000
Lot size
9,583
Built in
1993
Days on Awning
54

Copyright: Listings courtesy of © 2023 Canopy MLS as distributed by MLS GRIDDisclaimer: Based on information submitted to the MLS GRID as of 2023-01-12 16:31:04. 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. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.MLS logo
 
Awning AnalysisAwning uses its algorithms and a proprietary database of real rent and property information to estimate rent, rent growth, and property appreciation. Our team of real estate experts manually review and edit numbers for every property we surface in order to ensure the accuracy of this data. As part of the offer process, we do more thorough reviews of the numbers, working with local property managers and contractors.
NeighborhoodGet to know what living in 28227 is like.
Report Card for 28227Niche grades and rankings are calculated using dozens of public data sets and millions of reviews. Learn more about how Niche calculates these grades.
Overall Grade
A-

Public Schools
B+
Commute
B-
Cost of Living
B
Crime & Safety
C+
Diversity
A
Good for Families
A
Jobs
B+
Walkability
B-
Data provided by Niche.

Living in 28227
Bars
B
Coffee Shops
B
Health & Fitness
B+
Nightlife
B
Outdoor Activities
B+
Parks
A-
Restaurants
B
Weather
B
Data provided by Niche.

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Schools in 28227
School data is not available for this listing.

Market StatisticsMarket Statistics are provided directly from Niche, as well as calculated using historical transaction data provided by local governments.
28227 StatsSee how this home compares to the zip code medians.
28227 Median
Home Value
$182,500
Rent
$1,081
Rent-to-Income
21.8%
Income
$59,438
This Home
Listing Price
$255,00040% higher than zip
Rent
$1,86072% higher than zip
Rent to Income
37.6%72% higher than zip
Market statistics provided by Niche.


Demographics
Learn more about the area's income, population, and employment trends. Data provided by the US Census and the Bureau of Labor Statistics.
Household Income
See how the area’s average household income has changed over time.
This chart is unavailable due to screen size
in Year 2019
  • 28227
    $74k
  • County
    $80k

Population
See how the area’s total population has changed over time.
This chart is unavailable due to screen size
in Year 2020
  • 28227
    53,628
  • Average in County
    27,726

Rent vs Own
See the percentage of homes occupied by owners in the area.
% Owner Occupied for 2822771%
% Owner Occupied for County62%

Employment
See the percentage of adults working white collar jobs in the area.
% White Collar for 2822759%
% White Collar for County62%

Hold Bachelor's Degree
See the percentage of adults who hold at least a bachelor's degree in the area.
2822730%
County42%

Age Distribution 28227
See the distribution of people by age in 28227.
Under 2026%
20 - 4431%
45-6428%
65+16%