$375,000
Calling all investors, builders, and buyers exploring a renovation or potential tear-down and new-construction opportunities. Located in South Charlotte’s established Spring Valley neighborhood, this 1962 split-level offers convenient access to SouthPark Mall, shopping, dining, and major roadways. Nearby North Hampton Drive has seen significant new-construction activity with homes sold and listed well above $1,000,000.
Offered strictly as-is for $375,000, the property requires careful investigation. The seller has vacated due to mold concerns. A mold assessment report is available. The seller’s disclosure also notes asbestos-containing kitchen flooring and drywall joint compound, hardwood flooring with dry rot near exterior doors, original windows, a rear slider and screen door needing replacement, a nonfunctional fireplace, and an oven that does not work. The main electrical panel is original to the home.
A creek runs along the rear of the property. A recorded permanent storm-drainage easement and a post-construction water-quality buffer also affect the lot. Buyers should review the available reports and recorded documents and independently investigate the property’s condition, remediation scope, insurance availability, financing, and any renovation or redevelopment plans, including applicable easement, buffer, zoning, and permitting requirements. Some lenders or insurers may require further evaluation or repairs based on their own review. Seller prefers to close with Doyle and Wallace.
3
Beds
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3
Baths
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4435650
MLS
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ACTIVE UNDER CONTRACT
Status
6207 Colchester Place, Charlotte
Listing courtesy of Premier Sotheby's International Realty. Jason.gentry@premiersir.com
