Cottage / Storybook home in Charlotte, NC
This 2,233-square-foot Cottage home in Charlotte, NC includes 4 bedrooms and 3 bathrooms. The Cottage styling carries through the home's design.
| Price | $625,000 |
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| Beds | 4 |
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| Baths | 3 |
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| Sqft | 2233 |
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| Architectural style | Cottage / Storybook (41% match) |
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| Address | 2908 Ed Reid St, Charlotte, NC 28216 |
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Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced above comparable homes.
- At $625K, this home is 1% above the $620K median for 277 similar Cottage / Storybook homes in Charlotte, NC.
- That works out to $280 per square foot, 12% below the $317 comparable rate.
- On the market 15 days.
| This home | $625,000 |
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| Cottage / Storybook median in Charlotte, NC | $620,000 (277 homes) |
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| Price per sq ft | $280 vs. $317 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 $4,083/month with 20% down at a 7.28% 30-year fixed rate. You would need about $174,965 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,421/mo |
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| Property tax (new-buyer reassessed rate) | $427/mo |
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| Homeowners insurance | $234/mo |
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| Total monthly | $4,083/mo |
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| Down payment (20%) | $125,000 |
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| Income needed | $174,965/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 A- (84 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 | A- (84/100) |
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| Beats renting in | 57% of modeled paths |
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| Modeled 5-yr equity (median) | $428,272 |
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| Range (10th to 90th pct) | $288,972 to $598,765 |
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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 Zillow