1516 Princeton Ave

Freedom Park, Charlotte, NC · 336 days on market · View on Zillow

1516 Princeton Ave

$4.2M somewhere else buys…

6 bedrooms · 8 baths · 7,247 sqft · 18,731 sqft lot

Built 2018 · 4 Attached Garage spaces · Pool · $573/sqft (city median $230)

With over 7,200 square feet of heated living space, this stunning TRUE MODERN, Frank Smith–designed home offers a rare opportunity to live in a work of art overlooking the 7-acre lake at Freedom Park. Designed to embrace an outdoor lifestyle, this residence is pure luxury.

What this place offers

  • Private pool
  • Heating: Central, Ductless, Floor Furnace, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • 4 Attached Garage spaces
  • Garage
  • Top school rating 8/10 nearby

The numbers

$28K/yr

Property tax (actual rate)

$15K/yr

Insurance (quoted)

Price history

2018$3,500,000
2019$2,850,000
2025$4,300,000
2026 (asking)$4,150,000

Up 19% since 2018

$4,150,000

Down payment20% · $830,000
%
Mortgage (principal + interest)$20,767
Property tax$2,352
Home insurance$1,245
All-in monthly$24,363/mo

You'd need about $1,044,148/yr in household income (28% rule) plus $830,000 in cash.

Would rent for ~$5,832/mo · 1.7% gross yield

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