Charlotte Real Estate Homes, Luxury Homes and Condos

Charlotte Real Estate, Charlotte NC

Uptown Charlotte, 90 Day Sold Condo and Townhome Report, sales above $350k.

Part II of the Uptown Condos Sold Report,  yesterday’s post for Condos Sold under $350,000, and today, the market for over $350,000 has been hopping as well.  Check it out …

15 Uptown Charlotte townhomes and condos over $350,000 have been sold in the last 90 days as reported in the MLS.  The median sale price being $561,579, with a maximum over $1,500,000, and an average of 1756 square feet.  Days on market (DOM) ranged from 9 to 448, with an average of 131.

In 2007, during the same 90 days, there were 29 Uptown Charlotte townhomes and condos sold over$350,000.  The median price was $473,575, with a maximum of $870,000, and an average of 1335 square feet.  DOM averaged 96, ranging from 1 to 482.

The difference from the past year shows a 48% decrease of sales activity in Uptown Charlotte.  And, a 20% increase in median condo and townhome prices.

Conspicuously absent is The Vue, the 51 story high-rise that is coming out of the ground -10 stories so far- The Vue works with us Agents but doesn’t use the MLS- my sources tell me they had a good 90 days as well (selling 6, in the 500k and up range)

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If you’re thinking of selling your Charlotte home or Charlotte Condo send us a request
for a detailed report of homes or condos sold in your neighborhood!
Know your home value, reduce your stress! No
obligation. Or Call us direct at 704-351-1519.

Moving To Charlotte? Considering an Uptown Condo? Or a home anywhere in the greater Charlotte area, we are here to help. Visit our sister site for relocating folks, Charlotte Communities, to explore what’s happening in town and learn more about Charlotte, NC.

The McDonald Team represent buyers and sellers throughout the
Charlotte area.

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Charlotte-University Area Recent Condos and Townhome Sales

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TerryMcDonaldRealEstate.com

Uptown Charlotte recent sold townhomes and condos under $350k, sales activity from the last 90 days. 

Uptown Charlotte is still an active area despite the desperate conditions of the real estate market in other parts of the country.  New residential condos are going up and buyers are still around.  They enjoy the perks of being within walking distance from Uptown, with a great neighborhood feel.

In the past 90 days, 20 Uptown Charlotte townhomes and condos under the $350,000 price point have been sold.  The median sale price being $224,134, with a minimum of $160,000, and an average of 928 square feet.  Days on market (DOM) ranged from 1 to 196, with an average of 90. 

In 2007, during the same timeframe, there were 51 Uptown Charlotte townhomes and condos sold under $350,000.  The median price was $242,557, with a minimum of $146,000, and an average of 869 square feet.  Days on market averaged 80, ranging from 1 to 488.

The difference from the past year shows a 61% decrease of sales activity in Uptown Charlotte.  Also, a 13% decrease in condo and townhome prices. 

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If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood!
Know your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique search-able keywords, and more
than 8000 visitors per month to our blog websites, we are the #1Team on
the Internet in Charlotte NC.

Charlotte-University Area Recent Condos and Townhome Sales

3 Essentials to Selling Your Home NOW

Charlotte Home Search- map/community based

Only 45 minutes north of Charlotte, Mooresville is a mecca for luxury custom homes.

From the moment you step in the front door, at 1034 Canter Court, Mooresville, you’ll be in awe.  This custom, Old-World style home is bank-owned and listed near the tax value.  The gated entry gives such privacy to a prestigious community of 12 home sites, only three of which are completed.

The interior showcases so many upgrades and unbelievable features.  Wood ceiling beams, Italian plaster wall finish, barrel-vaulted ceilings, travertine stone and much, much more! 

You’ll absolutely love spending time in the custom designed and professionally approved gourmet kitchen, complete with granite and tile backsplash.   Other features include master suite down, laundry on both floors, bonus room with an entertainment bar, numerous see-thru fireplaces and complete hardwoods on the main floor.

This exquisite home sits on over three acres of flat, equestrian approved land.  The 3-car garage allows for extra storage space and a concrete crawlspace allows room for a wine cellar or safe room. 

If you’re interested in your own personal tour or additional photos and information on this incredible deal, call us direct at 704-248-1166 or send an email request.  The comps are available to prove the price and we promise you won’t be disappointed! 

Mallard Lake is a new home community just off 485 at Rt 29 by McCar Homes-

Mallard Lake is super convenient location-wise, and is a collection of townhomes and single families that is selling quite well despite the downturn elsewhere. Saturday, I came across this Inventory townhome, and as the year end approaches, and books have to be accounted for by the builders, the deals get better. See if you don’t agree, pricing is for closing by year end:

The 4br/3.5 bath unit is price at $159,900, however, they will take a discount on the HUD of 5,000, so your net price is 154,900 on 1970 square feet, or $79/sf. did I mention they’ll pay up 3,000 in closing using their lender- Sun Trust?

The floor plan is pretty cool too with a one car garage, plus bedroom/bath and rear entrance, then on the 3nd floor, 3 bedrooms 2 bath.

Now lets look at the options included:

Its and End Unit, with a large deck off the middle floor

Hardwood floors are the in downstairs hall, the kitchen and bath

Granite counters, tile back splash, upgraded gas range

All stainlees appliances included, including refigerator

Washer and Dryer included

Here are a few more pics, they are thumnails, click to enlarge

This is a move in ready, virtually rent ready (3 renters ideal), near the University.

Lets do the numbers for an investment- since there isn’t 10% investor money any more, Look at this:

Purchase price $155,000

20% deposit 31,000

Loan Amount $124,000

Mortgage, 30yr fixed 7% P + I = 824

Taxes and insurance = $175, HOA $150 Total PITI + HOA $1125

Rental at $500 per person per month, or $1500 rent, 325/mo positive cash flow. Immediate cash on cash return of 12.5%, before depreciation. Move-in ready, upgraded, new for $79.sf, the average sales price, cost per sf for not new, partially upgraded is $83/sf of Novemeber 2008. And HOA fees include lawn maintenance. Not too shabby!

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The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique search-able keywords, and more
than 8000 visitors per month to our blog websites, we are the #1Team on
the Internet in Charlotte NC.

If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood!
Know your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

Charlotte Zip Code 28269 Recent Homes Sold Report

3 Essentials to Selling Your Home NOW

Charlotte Home Search- map/community based

Charlotte-University Area, Sold Townhomes and Condos, Sales Activity from the last 30 days: Mallard Lake, Villages at Back Creek, University Heights, Berkshire and more

The University Area of Charlotte has a large collection of affordable townhomes and condominiums. New homes and resales, primary residence or investment/rental, the area has two and 3 story townhomes, all near the University of North Carolina at Charlotte, Rt 485 and Rt 85 to ease your commute.

In November 2008, 19 townhomes and condos were sold in the Charlotte-University Area. The median sale price was $116,596, with a cost per square foot being $83.

In November 2007, 55 townhomes and condos were sold. The median sale price being $140,591. The cost per square foot was $95.

Clearly there has been a downward movement both in unit sales and the strong buyers market has reduced average prices…

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If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood!
Know your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique search-able keywords, and more
than 8000 visitors per month to our blog websites, we are the #1Team on
the Internet in Charlotte NC.

Charlotte Zip Code 28269 Recent Homes Sold Report

3 Essentials to Selling Your Home NOW

Charlotte Home Search- map/community based

Do you need a large home, six bedrooms perhaps? How about 6 bedrooms under  $350K?  A great deal, in nearby popular Fort Mill…

Massey is an amenity rich  planned community, a new home project  by Ryland 10 miles south of  Ballantyne, and they are having a killer sale on their models.

The popular Marlette- 5 br and 2 bonus rooms, at $89/sft. Yes, fully equipped, with options at 89/sf, well below replacement cost. One client I had looked at and loved this home, because she really wanted 6 br (including a guest room) and she was going to use one of the bonus rooms as an extra 6th bedroom.

Well regarded Fort Mill Schools, 15 minutes to Ballantyne, 10 minutes to Ft Mill, and a 5000 sf clubhouse awaits.

All first floor hardwoods, window treatments,   and stainless appliance, granite- $89/sf Complete. you read that right, this is the best new home deal in Charlotte today. Why is that $89/sf price so important? Because it is BELOW the replacement cost, and that means the price can not fall further- it is a price floor.

The taxes? Ridiculously low South Carolina taxes too. I’ll share the figures below the inventory table below. Three great homes, three great deals.

Taxes? Here’s how to figure them*:   Sales Price of Home x 4% x .1912, so on the Marlette, if we paid retail (we Never pay retail) at retail it is $339,491 x .04 x.1912, or $2,596 per year. A bit over 200/month, HOA are under $600 per year.

*Thanks to the excellent Ryland on site Rep.

—————-

If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood! Know
your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique searchable keywords, and more than
8000 visitors per month to our blog websites, we are the #1Team on the
Internet in Charlotte NC.

Related Posts

3 Essentials to Selling Your Home NOW

South Charlotte Homes Sold Report 28277

Huntersville Homes Sold September 2008

Charlotte Home Search- map/community based

One
of the most desired locations in Highland Creek, Graburn’s Ford, in
Charlotte’s most popular northern subdivision…is priced at or
under-market!

This home at 6036 Graburn’s Ford Drive, has loads of square footage
(over 2800) without including a full unfinished walk-out basement, a
rare find in the area! It looks and feels like new
construction and with the amazing gourmet kitchen, complete with
granite counter tops and stainless steel appliances, you’ll be a master
chef in no time! It also features five bedrooms, including an
enormous master suite, formal dining and living rooms, great room and
eat in kitchen. Outside, enjoy a lazy summer evening cooking out
on your private back deck. The yard is large enough, but perfect
for someone Not wanting to spend the weekend taking care of it!

Highland Creek has many amenities to offer as well. Relax by
any of the four private pools, a full fitness center and resident parks,
complete with playground equipment. Not to mention the 18-hole
Championship golf course designed by Clifton, Ezell and Clifton.
Rated one of the best and most challenging golf courses in the
Charlotte area. And the elementary school is on site.

Compare for yourself-5br/2.5 basement would add another 1200
sf– size, condition and price. Begin a family here with room to
grow, or have the space an older family needs, or the handyman
who can finish the basement on their own and save
thousands- a great deal for all!

If you’d like to see this home, contact your Agent. If you don’t
have an Agent, call us direct at 704-351-1519 and we’ll assign you a
Buyer Agent to show you this fantastic Highland Creek property.

—————————————————————–

If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood!
Know your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique search-able keywords, and more
than 8000 visitors per month to our blog websites, we are the #1Team on
the Internet in Charlotte NC.

Charlotte Zip Code 28269 Recent Homes Sold Report

3 Essentials to Selling Your Home NOW

Charlotte Home Search- map/community based

This Charlotte Zip Code 28269 Recent Homes Sold Report is based on home sales within the last 30 days.

North Charlotte, zip code 28269, features the following
communities:  Highland Creek, Highland Park, Asbury Place,
Oakbrooke, The Villages of Leacroft and Hampton Place.

In September 2008, 74 homes were sold in Charlotte zip code
28269.  The median home sale price was $183,487, with a cost per
square foot being $83.

In September 2007, 138 homes were sold.  The median sale price being $194,879.  The cost per square foot was $92.

The difference of a year shows a decrease of 46% in homes sold, and a decrease of 10% in home prices.

——————————————————-

If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood!
Know your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique searchable keywords, and more than
8000 visitors per month to our blogsites, we are the #1Team on the
Internet in Charlotte NC.

3 Essentials to Selling Your Home NOW

Davidson Homes Sold Report

Huntersville Homes Sold September 2008

Charlotte Home Search- map/community based

It’s
not often you can get on a golf course in South Charlotte for under
$400,000, but this luxury townnhouse fits right into your active
lifestlye- its close enought to Uptown, 10 minutes to Southpark, in
walking distance to major shopping, and includes your full county club
memebership initiation.

What
the fairway does for the view Evans Contruction did for the
interior.  This home at 7908 Greenview Terrace is lightly lived
in, better than new with plantation shutters throughout, stainless
appliances (refigerator included) , washer and dryer included, numerous
built-ins, all hardwoods on the first floor, and a beautiful
garden-patio in the European tradition.

Have a look for your self.

At the entrance to Raintree Country Club, on Pineville - Matthews Road,

living here couldn’t be easier.

Walk to the clubhouse, or to the Arboretum. It is a 5 minute drive
to connect with 485, and a quick 25 minutes to Uptown Charlotte. Or 10
minutes to Southpark, this town home is in the heart of south south
Charlotte. And at $384,900 it’s a gret value.

If you would like to see this home, call us direct at 704-351-1519

——————————————————-

If you’re thinking of selling your Charlotte home, send us a request
for a more detailed report of homes sold in your neighborhood!  Know
your home value and lower your real estate selling stress! No
obligaton. Or Call us direct at 704-351-1519.

The McDonald Team represent buyers and sellers throughout the
Charlotte area. With over 500 unique searchable keywords, and more than
8000 visitors per month to our blog websites, we are the #1Team on the
Internet in Charlotte NC.

Related Posts

3 Essentials to Selling Your Home NOW

South Charlotte Homes Sold Report 28277

Huntersville Homes Sold September 2008

Charlotte Home Search- map/community based