Townhouse / Rowhouse home in Charlotte, NC
Set in Charlotte, NC, this Townhouse home provides 3 bedrooms and 3 bathrooms across 1,603 square feet. The listing highlights open floor plan and walk-in closet.
| Price | $289,900 |
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| Beds | 3 |
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| Baths | 3 |
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| Sqft | 1603 |
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| Architectural style | Townhouse / Rowhouse (94% match) |
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| Address | 5008 Spring Arbor Lane, Charlotte, NC 28213 |
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Why buy this home
- Confirmed Townhouse / Rowhouse architecture, matched from the listing photos by Enzo's vision model.
- Features: open floor plan, walk-in closet.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced below comparable homes.
- At $290K, this home is 22% below the $373K median for 662 similar Townhouse / Rowhouse homes in Charlotte, NC.
- That works out to $181 per square foot, 18% below the $222 comparable rate.
- On the market 9 days.
| This home | $289,900 |
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| Townhouse / Rowhouse median in Charlotte, NC | $372,606 (662 homes) |
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| Price per sq ft | $181 vs. $222 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,894/month with 20% down at a 7.28% 30-year fixed rate. You would need about $81,156 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,587/mo |
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| Property tax (new-buyer reassessed rate) | $198/mo |
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| Homeowners insurance | $109/mo |
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| Total monthly | $1,894/mo |
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| Down payment (20%) | $57,980 |
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| Income needed | $81,156/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B+ (77 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B+ (77/100) |
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| Beats renting in | 41% of modeled paths |
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| Modeled 5-yr equity (median) | $178,052 |
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| Range (10th to 90th pct) | $115,841 to $251,769 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Charlotte, NC where local data is thin.
Local home values
Typical home values in Charlotte, NC have risen about 22% over the past 5 years (-1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately