At home in desirable Olde Providence

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The highly desirable South Charlotte neighborhood of Olde Providence is a fantastic mature community in one of the best locations in town.

Located off Rea Road between Providence and Colony roads, Olde Providence started being built in the late 1950s. Most of its 500 homes were built in the 1960s and 1970s. oldeprov

The community is in the heart of South Charlotte and just 3 miles from SouthPark and 9 miles from Uptown. Colony Place, just south of the neighborhood, has everyday shopping conveniences as well as great dining choices and coffee shops. The Arboretum and Ballantyne shopping centers are also not far away for even more shopping and dining choices.

Windyrush Country Club is located within Olde Providence and has a club house, tennis courts and Olympic-sized swimming pool as well as a pool for smaller children. The Olde Providence Racquet Club is just north of the neighborhood and offers all levels of tennis as well as swimming and an active social calendar for members.

Olde Providence homes are set amid lovely, mature trees on larger, well-maintained lots.

The homes range from ranches to two stories to split-levels and come in a wide variety of sizes and floor plans. Most of the homes have undergone some renovation, if not complete renovations, since originally built. However, there are still some great deals for homes needing more TLC!

Home sizes range anywhere from 1,300 square feet to 3,800 square feet.

Currently, there are 12 Olde Providence homes listed for sale. Nine of the homes listed are under contract as of March 30.

Homes sell well in Olde Providence. Thirty-five homes sold in the last 12 months. That is about 2.9 homes per month, which puts the current inventory of homes on the market at about 4 months. That is on par with the inventory levels for Charlotte and Mecklenburg County, which each average about 4 months inventory.

It is not uncommon for Olde Providence homes to sell at or above list price. The average for all sales was 98% of list price. Two of the homes that sold last year sold for 104% and 109% of list price with many at 100% of list price.

The average sales price during the last 12 months was $303,479 and $141.70 per square foot.

The neighborhood is zoned for Olde Providence Elementary School, which is within walking distance for most of the neighborhood; Carmel Middle School; and top-ranked Myers Park High School.