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New Changes in Store for South End

The Charlotte Business Journal reported today that The Common Market will close its South End location on July 30th. The deli and convenience store also serves beer and wine. They will continue to operate their Plaza Midwood location while they search for a new site. Common Market will host a farewell party on July 22nd.

Food Truck Friday, a weekly gathering which shared the site, has relocated to Plaza-Midwood behind the Light Factory at 1817 Central Ave. This growing event has become even more popular and will feature an expanded line-up of food in the future. It is still dog and family friendly.

The site at 1515 South Tryon was sold to make way for a new office building. The triangular shaped, 2.3-acre site is bounded by South Tryon Street, Camden Road and Park Avenue. The plans for the new office building are for 8 stories including 15,500 square feet of retail with parking for customers in a deck. Construction could start soon after The Common Market has moved out.

This area has already seen many changes over the last few years with lots of new development, retail space and housing. Most of the change is due to location and convenience of the area. The Blue Line coming directly through has made this an extremely easy area to live for people working in Uptown Charlotte. South End has always been close, but now it is much more walkable with everything you need close by.

Google Fiber has also been working on permitting to bring its fiber-optic infrastructure to the area making it even more desirable.

If you would like to speak to one of our agents about relocating to South End, visit our website or call us at (704)525-4045.

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Spotlight: Carolina Reserve

Lennar Homes has created a neighborhood located in the heart of the growing Indian Land community. It offers small-town feel while keeping you close to everything you need.

Carolina Reserve has 2 story homes in the Enclave section and ranch style plans with community maintained lawns in the Meadows section.

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Amenities include a clubhouse with large gathering room, kitchen and fitness center. There is also a large pool with fun water features for kids, walking trails around a pond, playground, and a dog park.

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New construction homes offer plans with 2-4 bedrooms, 2-3 bathrooms and range from 1,686 to 2,776 square feet. New construction homes range in price from $242,250 to $284,625. These homes include covered front porches, granite countertops, stainless appliances, double sink vanities, 9’ downstairs ceilings, and two car garages.

Carolina Reserve is located off of Jim Wilson Road just east of Charlotte Highway 521 (Johnston Road). Just 15 minutes south of Ballantyne in Lancaster County, SC, it is a quick trip for shopping, dining and entertainment. Homeowners also pay lower South Carolina taxes.

A quick drive across Charlotte Highway will get you to Carolina Lakes Golf Club. Six minutes North will take you to a great grocery store with close in dining options.

Carolina Reserve is currently zoned for award winning Indian Land public schools.

In the last year, homes in Carolina Reserve have sold for between $219,995 and $315,000. As of June 20th, there are 13 homes on the market with 5 under contract. These currently listed homes range in price from $$240,000 to $328,000.

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Luxury Living in Stonecroft

If you are looking for luxury homes within 15 minutes of Uptown Charlotte, Stonecroft is the place for you. This prestigious neighborhood of 120 home-sites offers a variety of European architecture on generous lots, some of which are in Carmel Country Club. Homes here range from approximately 4,000 to almost 10,000 square feet. Many homes also include outdoor living areas including pools, spas, outdoor kitchens and more.

The interiors of the homes can include many features such as gourmet kitchens, home theaters, trey ceilings, architectural beams, stone fireplaces and spa bathrooms. Most have at least four bedrooms and four or more baths.

Beautiful mature landscaping and tree lined streets lead you to the entrance of the neighborhood. Located off Colony Road near Rea Road, Stonecroft is convenient to world class shopping, spa services and dining at SouthPark Mall, the Arboretum and Phillips Place.

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For golfing and more a short drive away are Piper Glen TPC golf course, Cedarwood Country Club, Raintree Country Club and Myers Park Country Club. This in addition to Carmel Country Club in the neighborhood.

Stonecroft is in the perfect location to be close to everything. Just 10 miles away is Uptown Charlotte and 14 miles to Charlotte Douglas International Airport.

The Rea family owned the original land where Stonecroft now sits. Their homestead is being renovated as a local historical site. Local legend says that General Cornwallis even made camp here during the American Revolutionary War. This shows that the land has been desirable for many years.

In the past year, homes in Stonecroft have sold for between $895,000 and $1,670,000. As of June 20th, there are 3 homes on the market with one under contract. These homes are listed between $895,000 and $1,095,000.

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Sellers Market Continues in Charlotte Area

Based on the Carolina Regional Realtors Association monthly market update report this week, Charlotte continues to enjoy a seller’s market. The supply of homes in the entire CarolinaMLS area, which includes some areas in South Carolina and as far north as Statesville, dropped from 4.4 months of inventory to 3.0 months of inventory. Supply of homes dropping has corresponded with more demand for those homes making a favorable market for sellers. The percent of list price received for a home sale has gone up from 95.5% up to 96.8%. New listings are up year over year from 5,392 to 5,637 showing that more sellers are trying to take advantage of the favorable conditions.

When you look just at Mecklenburg County, the trends hold true as well. Inventory has dropped from 3.2 months supply down to 2.1 months. Mecklenburg County sellers received an average of 97.8% of the list price of their homes compared with only 96.5% at the same time last year. New listings also rose, but not as dramatically, only up 2.5% over last year.

When you look at the City of Charlotte, the numbers are even more striking. Inventory is down 38.7% from 3.1 months to just 1.9 months. Homes are selling faster in Charlotte with just 86 days from list to closing, down from 97 days at the same time in 2015. The median sales price was up 3.0% from $198,500 up to $204,500.

Fort Mill, SC bears out the same trend but not quite to the same degree. Inventory is only down 10.3% year over year from 2.9 months to 2.6 months. Days from listing to closing also went down from 102 to 93. New listings are up much more dramatically from 171 last May all the way to 224 this May. This may be due in part to all of the new construction happening in Fort Mill as it gears up to become the next Ballantyne.

It remains to be seen how long the seller’s market will continue. As long as growth in the region continues and wages are up, it could remain for some time to come.

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New Luxury Condos will be neighbors for Springview Meadows

This week the Charlotte Business Journal reported that ground has been broken on a new 280-unit luxury condominium complex near the intersection of Interstate 77 and Gold Hill Road in Fort Mill, SC. The project, called Beckett Farms, has one, two and three bedroom units in the plan. They also plan lots of amenities such as salt-water/mineral pool, cabanas, clubhouse with cyber cafe and fitness center. There will also be areas for children and lots of green space surrounding the project.

Projects such as this have already started in Fort Mill and many others are slated to start soon due in part to job growth in the area. The Charlotte Business Journal likens the growth to the next Ballantyne in terms of businesses moving into the area and housing is needed for all of the new workers.

Springview Meadows is in the right place at the right time. Pulte Homes is the developer and they have 6 basic floor plans on just over 80 home-sites for you to choose from with loads of options to personalize your home. Most feature the “everyday entry”, a mudroom between the garage and living areas for backpacks, shoes, and coats. Many have a life-planning center with computer station. Oversize laundry rooms have plenty of space for sorting and folding. Oversized pantries have space for all of your bulk purchases. This leads you into open concept living spaces. Homes have between 3 and 6 bedrooms and between 2-5 full baths and 0-1 half baths. Homes range in size from 2321 square feet all the way up to 3291+ square feet.

Rendering of a home in Springview Meadows
Rendering of a home in Springview Meadows

There are several existing homes but more homes are available to be customized into your dream home. In the last year, homes have sold for between $337,000 and $484,960.

As of June 18th, there are 7 homes on the market with 2 under contract. They range in price between $339,990 for a 3 bedroom, 2 full bath, 1 half bath with 2,337 square feet to $473,465 for a 4 bedroom, 2 full bath, 1 half bath with 3,486 square feet.

Springview Meadows is located just north of Gold Hill Road off of Highway 21 in Fort Mill. Just take I-77 South to exit 88, go East on Gold Hill Road and North on Highway 21. Springview Meadows will be the first left hand turn.

Read the full article from the Business Journal here.

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Spotlight: Myers Park

If you are looking for luxury and history right next to Uptown Charlotte, Myers Park is the place for you. Meandering tree-lined roads lead you past majestic homes with large lawns and mature landscaping. Many have been modernized to fit with today’s lifestyle, but still have the timeless elegance of decades gone by. A strong neighborhood association helps ensure the character of the area. Most of the homes are single-family, but there are some duplexes and some new luxury condo projects so there are options for families of all kinds.

Located so close to Uptown Charlotte has lots of perks. You are close to world class dining. More new chefs graduate each year from nearby Johnson and Wales Culinary University so new restaurants are opening all the time with great global cuisine offerings.

Sports are close at hand with the Carolina Panthers, Charlotte Hornets and the Charlotte Knights all having stadiums in Uptown. Nearby you can also catch a soccer match or a hockey game. Most of the arenas also serve as musical venues for touring shows.

Nightlife abounds in Uptown Charlotte, but you won’t hear it in your home in Myers Park. Just far enough away to be quiet, Myers Park has a really relaxed feel about it. Bounded by Park Road in the West and Providence Road in the East, Myers Park is just south of Uptown Charlotte and extends south to Runnymead. Myers Park High School is at the southern boundary and is an award winning school.

Queens University of Charlotte has been a fixture in Myers Park since 1857. Queens has approximately 2,400 students in graduate and undergraduate studies. The lovely campus is in keeping with the neighborhood with a mature tree-lined quad and many original buildings.

Entrance to Queens University of Charlotte
Entrance to Queens University of Charlotte

Homes in Myers Park can range in price considerably depending on what type of home they are. You can get in for as little as $239,900 for a condominium or as much as $2.8 million for a single-family home. The average sold price in the last year was $989,590.

As of June 18th, there are 104 homes for sale in the Myers Park area with 38 under contract. They range in price from $249,000 for a 2 bedroom, 2 bathroom single-family home with 1060 square feet to $3.295 million for a 7 bedroom, 7 full bath, 3 half bath single-family residence with 4663 square feet.

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SouthPark development closer to reality

The Charlotte Business Journal today reported that an entity of Childress Klein, CK Coltsgate LLC, purchased two tracts of land totaling 1.5 acres on Coltsgate Road for $4.6 million, Mecklenburg County property records show. The vacant parcels, previously owned by Bissell Coltsgate LLC and Coltsgate Boehmler LLC, were bought in a transaction that closed May 31. With this acquisition, the mixed-use project that won rezoning approval earlier this year is one step close to breaking ground. The construction timeline has yet to be finalized.

The 8.6 acre development sits on the Sharon United Methodist Church site. It is projected to have 490 residential units, a 175-room hotel, up to 170,000 square feet of commercial space and up to 20,000 square feet of indoor recreation space. The church is part of the partnership and will receive a new 750-seat church facility.

The Childress Klein project joins a project by Synco Properties and Schlosser Development Corp. that was approved in January. Synco and Schlosser’s project is projected to have almost 1,000 apartments, 250,000 square feet of office space, 300,000 square feet of retail and a 225-room hotel. Their 27 acre site is where The Colony apartments stand.

In May, a rezoning petition from 2014 was revived by American Asset Corp. to create 125,000 square feet of office space, 75,000 square feet of retail and restaurant, 300 hotel rooms and up to 400 apartments behind Fairview Plaza on the east side of Park South Drive.

These mixed-use developments are an attempt to ease walkability in SouthPark. They should continue to offer more options for people who want to live and work in SouthPark. They offer more ways for the area to function as a village where you have everything you need right within a short walk.

Read the entire article here.

 

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Get in on appreciating home values in Sedgefield

The Sedgefield neighborhood just south of Uptown Charlotte is an amazingly walk-able spot where you can enjoy great restaurants, do some shopping or just relax in the park. Homes in Sedgefield have benefited tremendously from the LYNX light rail line and development along South Boulevard. In 2014, Redfin predicted Sedgefield to be one of the Nation’s “hottest neighborhoods” in terms of price development. Additional development is scheduled with a just completed 55,000 square foot Publix Supermarket and new project called Sedgefield redevelopment with a projected 68,000 square feet of retail and 300 multi-family units. There is a good mix of single-family homes (many of which have been partially or completely renovated) and multi-family homes including duplexes and condo communities.

Bounded by South Boulevard in the west Sedgefield is just a quick walk away from New Bern Station on the light rail line for a super convenient uptown commute. Stop on your way home for a pint of local craft beer and some live music from Triple C Brewing. Park Road boarders in the east with Park Road Shopping Center where you can get amazing food, see a movie or get some fresh baked bread. Reputable Myers Park and Dilworth are adjacent and house more shopping, fitness, restaurant and walk-able areas.

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Sedgefield is minutes away from Charlotte’s largest hospital Carolina’s Medical Center. Nearby also is Freedom Park with 98 acres of trails, pond, gardens and bicycle trails. Charlotte Douglas International Airport is just 3 miles away so heading out of town for business or pleasure is easy.

Homes in Sedgefield in the last year have sold for a range in price from between $222,000 to $749,000. As of June 10th, there are 13 homes on the market in Sedgefield ranging in price from $239,900 to $750,000. Eight of the 13 homes are currently under contract. The homes range in size from 995 square feet to over 3000 square feet from new construction single-family homes.

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Spotlight: Sutton Place

Located six minutes from downtown Fort Mill, SC, Sutton Place is a quiet family friendly neighborhood of just under 500 residents. It is a peaceful place just 1.6 miles away from Fort Mill High School. Convenient to shopping at Baxter Village and highway access to I-77, this York County neighborhood has it all. Just 26 minutes without traffic away from Uptown Charlotte makes for an easy commute.

Sutton Place is also convenient to Lake Wylie and the Catawba River. Launch from Westminster Park for great kayaking or spend an afternoon hiking or fishing. Relax at the Tega Cay Beach Club or stay close to home at the community pool. Also just minutes away from the YMCA and Fort Mill Golf Club. Recreation and relaxation are near-by no matter what is your favorite type.

Homes in Sutton Place are spacious with most over 3000 square feet. Generous bedrooms have features like trey ceilings and oversized master baths. Most homes have large tree lined lots with plenty of privacy. Large kitchens have lots of light coming from expansive windows. The homes are zoned for award winning Fort Mill schools.

Sutton Place is maintained by a Homeowners Association managed by First Choice Property Management. The property management company oversees all of the common areas including the club house, pool and recreation areas.

Over the last year, homes in Sutton Place have sold for between $259,000 and $391,500 with an average sold price of $337,150. As of June 2nd, there are 6 homes currently on the market with a price range of $339,900 to $419,000. Three of the six homes are currently under contract. They range in size from 3071 square feet to 5271 square feet.

 

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Spotlight: Matthews Plantation

The Charlotte Business Journal reported today that Matthews is the best place in North Carolina to sell a home. Charlotte came in close behind at 3rd and Pineville came in at 7th. While this comes as no surprise to people already living in and around the Queen City, it is really nice to see it confirmed. The study by SmartAsset used four factors for their study: stability, affordability, fluidity and risk of loss with stability accounting for 40% of the results and the other three factors at 20% each.

Matthews Plantation is a beautiful wooded neighborhood in the Town of Matthews. It is an all brick community of 180 homes built by Trotter Builders. The homes are deed restricted so they operate under the bylaws and covenants of a homeowners association currently managed by Hawthorne Management Company. The management company helps facilitate a lake with fountain and fishing pier, picnic area, tennis courts, playground and neighborhood activities and events for all ages throughout the year.

Matthews Plantation is conveniently located off of Pleasant Plains Drive near the intersection with McKee Road. It is very convenient to I-485 and just a 30 minute drive to the airport with no traffic. You can also get to Uptown Charlotte in just under 30 minutes without traffic.

There are plenty of options for eating out that are just a quick drive away. Ballantyne Commons is just minutes away with shopping, restaurants and fitness options. Nearby is also Mecklenburg County Sportsplex.

Homes in Matthews Plantation have sold in the last year for between $228,800 and $327,500 with an average sold price of $273,829. Almost all of the homes sold at or above list price.

Currently, as of June 1st there are three homes on the market ranging in price from $270,000 to $349,900. Two of the homes are under contract as of the writing of this article.