Ranch home in 537 Bowman Rd Charlotte, NC
Set in Charlotte, NC, this Ranch home provides 2 bedrooms and 1 bathroom across 948 square feet. Its Ranch character defines the property's look.
| Price | $450,000 |
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| Beds | 2 |
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| Baths | 1 |
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| Sqft | 948 |
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| Architectural style | Ranch (37% match) |
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| Address | 537 Bowman Rd Charlotte, NC 28217 |
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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 Movoto.
Is this a good buy?
Priced above comparable homes.
- At $450K, this home is 14% above the $395K median for 582 similar Ranch homes in Charlotte, NC.
- That works out to $475 per square foot, 84% above the $258 comparable rate.
- New to market (3 days), so expect competition.
| This home | $450,000 |
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| Ranch median in Charlotte, NC | $395,000 (582 homes) |
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| Price per sq ft | $475 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 $2,939/month with 20% down at a 7.28% 30-year fixed rate. You would need about $125,975 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,463/mo |
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| Property tax (new-buyer reassessed rate) | $308/mo |
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| Homeowners insurance | $169/mo |
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| Total monthly | $2,939/mo |
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| Down payment (20%) | $90,000 |
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| Income needed | $125,975/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 (88 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 (88/100) |
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| Beats renting in | 69% of modeled paths |
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| Modeled 5-yr equity (median) | $338,756 |
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| Range (10th to 90th pct) | $232,072 to $465,291 |
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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 Movoto