Opportunity knocks at 7857 Petrea Ln! This 2-bedroom, 2.5-bath home is ready for your vision and updates. Located in a desirable Charlotte area, this property offers a solid structure and a functional floor plan—just waiting for cosmetic improvements to bring it back to life. Perfect for a fix-and-flip, rental portfolio, or a buyer looking to build instant equity with a renovation. Great potential throughout and new roof just installed by the HOA. Homes in this area are selling quickly—don’t miss your chance to transform this diamond in the rough!
Closed
$180,000
7857 Petrea Ln, Charlotte, NC 28227
2beds
1,304sqft
Townhouse
Built in 1999
0.02 Acres Lot
$181,200 Zestimate®
$138/sqft
$1,619 Estimated rent
Home value
$181,200
$167,000 - $196,000
$1,619/mo
Zestimate® history
Owner options
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$1,619/mo
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$1,619/mo
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$1,352/mo
Est. payment
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$1,352/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Kaylee Lynch kayleelynch17@gmail.com,
Carolina Platinum Realty LLC
Bought with:
Rhonda Norris
NorthGroup Real Estate LLC
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4275099
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Upper
Bedroom s
- Level: Upper
Bathroom half
- Level: Main
Bathroom full
- Level: Upper
Bathroom full
- Level: Upper
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Range, Refrigerator
- Laundry: Laundry Room
Features
- Has basement: No
Interior area
- Total structure area: 1,304
- Total interior livable area: 1,304 sqft
- Finished area above ground: 1,304
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
- Entry location: Main
Lot
- Size: 0.02 Acres
Details
- Parcel number: 10915275
- Zoning: R-12MF(CD)
- Special conditions: Undisclosed
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Brick Partial, Vinyl
- Foundation: Slab
Condition
- New construction: No
- Year built: 1999
Utilities & green energy
- Sewer: Public Sewer
- Water: City
Community & HOA
Community
- Subdivision: none
HOA
- Has HOA: Yes
- HOA fee: $202 monthly
Location
- Region: Charlotte
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $221,800
- Annual tax amount: $1,755
- Date on market: 6/26/2025
- Cumulative days on market: 11 days
- Road surface type: None, Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2025 | Sold | $180,000$138/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4275099 Report a problem | ||
| 7/7/2025 | Pending sale | $180,000$138/sqft |
Source: Canopy MLS as distributed by MLS GRID #4275099 Report a problem | ||
| 6/26/2025 | Listed for sale | $180,000+50%$138/sqft |
Source: Canopy MLS as distributed by MLS GRID #4275099 Report a problem | ||
| 2/15/2019 | Sold | $120,000$92/sqft |
Source: Canopy MLS as distributed by MLS GRID #3426608 Report a problem | ||
| 10/23/2018 | Pending sale | $120,000$92/sqft |
Source: Group 15 Real Estate #3426608 Report a problem | ||
| 10/8/2018 | Price change | $120,000-4%$92/sqft |
Source: Group 15 Real Estate #3426608 Report a problem | ||
| 8/27/2018 | Listed for sale | $125,000+16.1%$96/sqft |
Source: Group 15 Real Estate #3426608 Report a problem | ||
| 4/14/2018 | Listing removed | $1,050$1/sqft |
Source: Group 15 Real Estate - Charlotte - Property # 489352 Report a problem | ||
| 3/16/2018 | Listed for rent | $1,050+10.5%$1/sqft |
Source: Group 15 Real Estate - Charlotte - Property # 489352 Report a problem | ||
| 11/22/2016 | Listing removed | $950+26.7%$1/sqft |
Source: Group 15 Real Estate - Property # 252884 Report a problem | ||
| 5/15/2012 | Listing removed | $750$1/sqft |
Source: Group 15 Real Estate #2081600 Report a problem | ||
| 4/29/2012 | Listed for rent | $750$1/sqft |
Source: Group 15 Real Estate Report a problem | ||
| 3/13/2007 | Sold | $107,683+6.1%$83/sqft |
Source: Public Record Report a problem | ||
| 1/2/2001 | Sold | $101,500$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,755 +1.5% | $221,800 |
| 2024 | $1,729 +3.4% | $221,800 |
| 2023 | $1,671 +50.9% | $221,800 +100.4% |
| 2022 | $1,108 | $110,700 |
| 2021 | $1,108 | $110,700 |
| 2020 | $1,108 +0.5% | $110,700 |
| 2019 | $1,102 +54.4% | $110,700 +111.7% |
| 2018 | $714 +2.3% | $52,300 |
| 2017 | $697 | $52,300 |
| 2016 | $697 | $52,300 |
| 2015 | $697 -1.9% | $52,300 -11.1% |
| 2014 | $711 | $58,800 |
| 2013 | -- | $58,800 -0.2% |
| 2012 | -- | $58,900 |
| 2011 | -- | $58,900 -39.8% |
| 2010 | -- | $97,900 |
| 2009 | -- | $97,900 |
| 2008 | -- | $97,900 |
| 2007 | -- | $97,900 |
| 2006 | -- | $97,900 |
| 2005 | -- | $97,900 |
| 2004 | -- | $97,900 |
| 2003 | -- | $97,900 +6.6% |
| 2002 | -- | $91,810 +27.1% |
| 2001 | -- | $72,260 |
Find assessor info on the county website
Neighborhood: Hickory Ridge
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Nearby schools
GreatSchools rating
- 6/10Hickory Grove ElementaryGrades: PK-5Distance: 0.9 mi
- 3/10Cochrane MiddleGrades: 6-12Distance: 2.7 mi
- 1/10Garinger High SchoolGrades: 9-12Distance: 3.9 mi
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Estimated market value
$181,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$181,200
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