8424 Festival Way

8424 Festival Way has been categorized by the local assessors in Charlotte, NC as a residential type of property. The building on the property was first built in 2018 and is 6 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8424 Festival Way has 1,783 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,011 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of concrete. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. The property was last sold in May 21, 2021 for $380,000. That's $213.12 per sqft. Prior to that sales transaction, the property was also sold in Apr 25, 2019 for $343,000. 8424 Festival Way was last assessed in 2023. The total value of the property was assessed at $492,100. Specifically, the land the property is located on was valued at $100,000. While improvements on the property were assessed at a total of $392,100. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,240. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.