4901 Carmel Park Dr

Olde Providence North, Charlotte, NC · 104 days on market · View on Zillow

4901 Carmel Park Dr

$5M somewhere else buys…

5 bedrooms · 8 baths · 8,027 sqft · 122,404 sqft lot

Built 2012 · 4 Attached Garage spaces · Pool · $623/sqft (city median $230)

A rare find in Carmel Park, this 8007 sf home, built 14 years ago by the owners, offers 5 bedrooms, 8 bathrooms, a large open floor plan with vaulted veilings, primary on the main with en-suite spa bathroom and wood paneled closet with seating, cabinets, etc! The recreation room has a pool table that stays, bar and theatre style seating, right off the outside heated salt water pool and spa tub…

What this place offers

  • Private pool
  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric
  • 4 Attached Garage spaces
  • Garage

The numbers

$34K/yr

Property tax (actual rate)

$18K/yr

Insurance (quoted)

Price history

2010$400,000
2011$876,000
2026 (asking)$5,000,000

Up 1150% since 2010

$5,000,000

Down payment20% · $1,000,000
%
Mortgage (principal + interest)$25,020
Property tax$2,833
Home insurance$1,500
All-in monthly$29,354/mo

You'd need about $1,258,010/yr in household income (28% rule) plus $1,000,000 in cash.

Would rent for ~$3,605/mo · 0.9% gross yield

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