Ranch home in Charlotte, NC
A Ranch home in Charlotte, NC, it offers 3 bedrooms and 2 bathrooms across 1,570 square feet. Its Ranch character defines the property's look.
| Price | $439,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1570 |
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| Architectural style | Ranch (73% match) |
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| Address | 622 Silversmith Ln, Charlotte, NC 28270 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced a little above the area.
- At $439K, this home is 11% above the $395K median for 582 similar Ranch homes in Charlotte, NC.
- That works out to $280 per square foot, 9% above the $258 comparable rate.
- On the market 22 days.
| This home | $439,000 |
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| Ranch median in Charlotte, NC | $395,000 (582 homes) |
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| Price per sq ft | $280 vs. $258 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 $2,868/month with 20% down at a 7.28% 30-year fixed rate. You would need about $122,896 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,403/mo |
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| Property tax (new-buyer reassessed rate) | $300/mo |
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| Homeowners insurance | $165/mo |
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| Total monthly | $2,868/mo |
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| Down payment (20%) | $87,800 |
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| Income needed | $122,896/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 (71 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 (71/100) |
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| Beats renting in | 27% of modeled paths |
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| Modeled 5-yr equity (median) | $245,853 |
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| Range (10th to 90th pct) | $155,790 to $354,121 |
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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 Trulia