Updated Jun 23, 2025
DSL Providence LLC And Levine Limited Partnership IV Acquire SouthPark Estate From Estate Of Leon Levine For $6.05M
3531 Sharon Road
$6,050,000
$533/SF
Building Size
11,343 SF
Asset Type
Single Family
Closing
Jun 11, 2025
About this deal
AI
A single-family estate located at 3531 Sharon Road in Charlotte, NC has been sold for $6,050,000. The property encompasses 11,343 square feet and was priced at $533 per square foot.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,050,000
- Address: 3531 Sharon Road
- Market: Charlotte, NC
- Sale Date: 06/11/2025
- Buyer: DSL Providence LLC & Levine Limited Partnership IV
- Seller: Estate of Leon Levine
- Broker: Valerie Mitchener - The Corcoran Group
- Square Footage: 11,343
- Price Per Square Foot: $533
The transaction involves DSL Providence LLC and Levine Limited Partnership IV acquiring the property from the Estate of Leon Levine. Valerie Mitchener of The Corcoran Group represented the seller in this deal. Notably, the buyer is Daniel Levine, who is the nephew of Leon Levine and a seasoned developer in the Charlotte area.
Players
Charlotte Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.62%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93