The Angle – Page 34 – New Angle Realty

February 24, 2016

Luxury home goods, clothing coming to Blakeney

Blakeney Shopping Center is getting another high-end retailer in March with the addition of Soft Surroundings.

The St. Louis-based retailer announced its plans to expand to North Carolina, with its Blakeney shop being the company’s first in the state.

The brand sells luxury women’s clothing, home goods, jewelry and skincare in its 24 nationwide locations.

Fifteen additional locations are planned this year, and the Charlotte store will be the first of the new locations to open in 2016. A Greensboro location is slated to open later in the year.

Soft Surroundings will join women’s clothiers like Talbot, Ann Taylor LOFT, Banana Republic and White House Black Market in Blakeney.

The 270-acre mixed-use development known as Blakeney (Blakeney Square, Blakeney Crossing and Apartments at Blakeney) is located on Rea Road near Ardrey Kell Road. It includes 600,000 square feet of retail, single-family attached and detached homes, office development and apartment homes.

The outdoor shopping center has more than 13 dining locations, in addition to big anchor stores such as Target, Marshall’s/Home Goods, Best Buy and Banana Republic.

All phases of the project were completed in 2012 by developer Crosland Southeast.

Interested in a home in the Blakeney area? There are currently 4 on the market in the Blakeney area.

February 19, 2016February 19, 2016

Sardis Forest: One hot hood!

sardisforest1 — A beautiful 1979 brick ranch that sold in Sardis Forest in 2015.

Beautiful Sardis Forest is an affordable, mature neighborhood with great location and well-kept homes in South Charlotte.

Developed and built in 3 phases by the William Trotter Company in the late 1970s to mid-1980s, it is convenient to Matthews, SouthPark and the Ballantyne area.

Cedarwood and Carmel country clubs are right next door. Shalom Park, Olde Providence Park, and the James Boyce Park are nearby , and The Arboretum is just a few miles south on Providence Road for shopping and dining options.

The neighborhood, located between Sardis Road and West John Street, is made up of 586 single-family homes on lots of one-third of an acre or slightly larger that are full of lovely mature trees.

There are various home styles, such as contemporary, traditional, ranches and two-story homes. Many have open floors plans and have undergone updates since originally built.

Forty-one homes sold in Sardis Forest during the last 12 months for an average sales price of $212,116 and price per square foot of $110.

Currently, there are 4 homes listed and under contract, as of Feb. 19.

An average of 3.4 homes sold in the last 12-month period. This very desirable area and the neighborhood has only 1.2 months of inventory. Nearby Sardis Oaks is an older neighborhood and has 6 months of inventory, while Sardis Woods also has 1.2 months inventory and was built around the same time as Sardis Forest.

The highest sold price in the last year is $270,000 and lowest is $169,500. On average, homes in Sardis Forest sell for more than 98% of list price.

The family-friendly neighborhood is zoned for Greenway Park Elementary, McClintock Middle School and East Mecklenburg High School.

While many new construction neighborhoods can meet the price point of Sardis Forest, floor plans and exterior finishes are limited and often times lots lack mature trees.

Sardis Forest is a breath of fresh air in a desirable area of town!

February 17, 2016February 17, 2016

Crescent takes leap into home building

Charlotte-based Crescent Communities, one of area’s most prominent developers, is launching a new single-family home building division.

Fielding Homes, as the new subsidiary is called, is making its first project Fort Mill’s Masons Bend.

Fielding will develop 64 lots near downtown Fort Mill. Homes range from 2,800 square feet to 4,000 square feet and start in the mid-$300,000s.

The company will offer more than a dozen floor plans and 6 exterior options in all. More details will be available on the company’s web site, which as of Feb. 17, was not launched.

According to an Observer report, Crescent CEO Todd Mansfield said Fielding Homes is a natural progression for the company, which until now, has focused on apartments and subdivision site prep on which other builders building out the communities.

Screen Shot 2016-02-17 at 8.44.54 AM — The partial site plan for Masons Bend, showing first-phase home sites.

When completed, Masons Bend will be a 650-home community that will preserve and embrace nature among its homes. Amenities will include pool, walking trails and a clubhouse.

Fielding Homes, Saussy Burbank and The Cunnane Group are the builders on the project. Saussy Burbank’s houses will be priced from the high $300,000s to the low $400,000s. Cunnane’s houses start at just under $420,000.

The 550-acre site plan includes 6 future residential phases, 3 commercial development phases. The community, which is west of Interstate 77 along the Catawba River, abuts the future site of the new Fort Mill Medical Center.

Model homes should be completed in spring and some first-phase homes will be move-in ready during the summer.

For more details on Crescent’s new division and the history of the company, see the Observer report.

February 15, 2016

At home in Fourth Ward: Ivey’s Townhomes

With the building boom going strong Uptown and the trend toward more urban, walkable space, now is the perfect time to consider a Center City address. One of the more affordable Uptown addresses is in Ivey’s Townhomes at 127 N. Tryon Street.

The building, completed in May 1924, has a rich history as the former site of an Ivey’s department store location. The six-story building was renovated in 1995 and now consists of 66 condominiums and ground-level shops and dining.

Residences in Ivey’s range from 1,000 square feet to 4,000 square feet and are priced from the $200,000s to more than $1 million.

Besides walkability, there are perks to living in an upscale condo building Uptown. Ivey’s has 24-hour concierge and security and private, secured parking.

The condos have hardwood floors, large floor-to-ceiling windows and contemporary designs with high ceilings.

Currently, there are 2 units available in the building. Both are third-floor, 2-bed, 2-bath homes priced at $375,000. One of the homes is under contract as of Feb. 14.

In the last 12 months, 4 units have sold in Ivey’s for an average sales price of $367,300 and an average price per square foot of $234.

The Avenue, a newer 36-story residence in the Fourth Ward, has 20 residences for sale as of Feb. 14. That is approximately 5.6 months of inventory for that building. Ivey’s has 8 months of inventory.

Fourth Ward is in the northeast quadrant of Center City. Its boundaries are Tryon and Trade streets and the 277 business loop.

Fourth Ward is home to Discovery Place, Gateway Village and the Fillmore. Ivey’s is walkable to a myriad of Uptown locations such as the EpiCentre complex, Blumenthal Performing Arts Center and Time Warner Cable Arena. The light rail makes the rest of the Uptown and South End very accessible.

February 14, 2016February 14, 2016

Luxury living in Quail Hollow

quailhollow_nc — The stately clubhouse at Quail Hollow Country Club.

Beautiful Quail Hollow is an upscale South Charlotte neighborhood convenient to everything Charlotte has to offer!

The community is adjacent to the private Quail Hollow Club, which hosts the Wells Fargo Championship every year. There are newer homes built in the 2000s as well older homes from the 1980s and 90s.

Its central location is convenient to Pineville, SouthPark, Ballantyne and both I-77 and I-485. All locations can be reached in less than 10 minutes.

Partially due to its price point, turnover in the neighborhood is fairly low, with sales averaging 0.4 homes sold per month during the last 12 months. Currently, there are 7 homes on the market in Quail Hollow, which is almost 17 months of inventory for the neighborhood.

Only one of those homes, listed at $2.1 million, is under contract as of Feb 13.

Nearby Sharon Hills neighborhood has just shy of 5 months inventory, while all of Charlotte and Mecklenburg County have about 3.6 months inventory.

The highest and lowest sales prices over the last year were $1.19 million and $445,200, respectively.

Average price per square foot and average sales prices have followed an upward trend over the last 12 months, with sales price averaging a little more than $898,000 and price per square foot at approximately $181.

Currently, the highest list price of a home in Quail Hollow is $6.5 million for nearly 15,000-square-foot home.

No matter the size or price point, the homes in Quail Hollow all have one thing in common, elegance. Expect crown moldings and upgraded interiors. On the higher end, expect opulence. Some of the earlier-built homes have been renovated to keep up with modern trends.

If Quail Hollow’s prices are out of your range but you love the location, check out Quail Hollow Estates. The community, which was started in 1971, has single-family homes, patio homes and townhomes.

Prices for a single-family home in Quail Hollow Estates range from low $300,000s to mid-$400,000s. Currently, there is a beautiful 4 bed, 2 bath brick home on the market that was built in 1983.

Whether you buy in Quail Hollow or Quail Hollow Estates, you cannot go wrong with the great location and nearby amenities!

February 8, 2016

Spotlight on Wessex Square

If you want a beautiful, mature neighborhood close to SouthPark but don’t quite have the Foxcroft or Myers Park budget then take a look at Wessex Square!

Built in the 1980s, the 241-home neighborhood is full of mature trees and 1.5-2 story homes ranging in size from about 1,700 square feet to 2,800 square feet.

Wessex Square is located off Rea Road between Cedarwood Country Club and Carmel Country Club. Colony Place shopping center is right down the street, and the neighborhood is convenient to both SouthPark Mall as well as Carolina Place Mall, which is a few miles west down Pineville-Matthews Road (Highway 51). Just across Highway 51 is the Arboretum Shopping Center.

Home prices in Wessex Square range from about high $100,000s to mid-$300,000s. The highest sold price in the last 12 months was $365,000.

The average sales price for the 26 homes sold in the last 12 months is $283,365. Expect to pay about $129 per square foot for a home in Wessex Square, which is the average for the last 12 months.

Currently, there is only 1 home on the market in Wessex Square, and it is under contract. An average of 2.2 homes sell per month in the neighborhood, which is 2 weeks inventory for the market.

Homes in Wessex Square have sold for an average of 97.8% of list price in the last year.

Neighborhood schools are among the city’s best rated – Old Providence Elementary School, Carmel Middle School and Myers Park High School.

Location, affordability and maturity make Wessex Square a great choice to buy a home, even a first home!

February 5, 2016February 5, 2016

Walkable urbanism leads the way

Construction started this week on a new apartment complex along the light rail route as part of the Blue Line’s extension.

Three hundred seventy-six apartments are planned at the corner of North Tryon and the I-85 connector road, according to a Charlotte Observer report.

Carolina States Regional Building is developing the apartments and raised some of its funding from Chinese investors as part of a program that allows the investors to get green cards for investing $500,000, the report said.

These apartments, that will be within walking distance of the light rail, are just the latest in a long line of projects slated for the Blue Line extension project.

There are plans for 1,900 apartments in total along the 11-station extension project, as well as retail and office space. The light rail extension is slated to be functional in 2017. For a full breakdown of what is happening along the Blue Line, see The Charlotte Observer report.

This latest groundbreaking comes just a day after real estate experts gathered Uptown for a symposium sponsored by the Real Estate & Building Industry Coalition.

Experts like Synco Properties President Tim Hose and developer and real estate consultant Chris Leinberger agreed that walkable urbanism and mixed-use developments are the future of real estate development.

Changing demographics and lifestyles have pushed market demand into more urban areas of the city. The trend is toward people remaining single or marrying later in life and having fewer children at home. People are also driving less and willing to pay more for what amounts to less living space, according to Leinberger.

Waverly on Providence and Synco’s planned redevelopment of The Colony apartments are prime examples. Skye Condominiums in Center City and The Ratcliffe are also technically mixed-use projects, having designated retail space on the ground floors.

According to an Observer report, city officials are hoping the trend catches on in areas that have been neglected, specifically citing the 80-acre tract of land where Eastland Mall once stood and revitalization of some tired suburban areas.

The business of building is booming in the Queen City. If you follow the trends, then take a look at these Uptown listings.

February 3, 2016

Sold on Cotswold!

If you want a neighborhood that ticks every box on your “desirables” list then look no further than Cotswold. Quaint but close to Uptown? Check. Nearby shopping and dining? Check. Great schools? Check.

Cotswold is an area of town bordered by Monroe and Wendover roads to the north/northeast and Providence and Sardis/Rama roads to the south/southwest. Its main thoroughfares are Randolph and Sharon Amity roads.

Though the homes were built primarily in the 1950s and 1960s, the area has a very hip and current vibe. You can find just about any home style you desire in Cotswold, from traditional ranches and craftsman to mid-century moderns and custom-built newer homes.

Don’t let the age of the homes fool you. As original owners have moved out over the years, newer families have put a lot of time and money into renovating some of the homes.

In addition to its proximity to Uptown, Cotswold is built around Cotswold Village Shops, the city’s first suburban mall. Area residents have every convenience right in their own neighborhood, including medical facilities.

Some of the schools that serve the Cotswold are Cotswold Elementary School, Eastover Elementary School, Alex Graham Middle School, Randolph Middle School and Myers Park High School.

So what’s the catch to this too-good-to-be-true hood? Well, Cotswold is not the cheapest neighborhood in Charlotte. The good news is that it is not the priciest, either. Occasionally, there are some unrenovated gems that go on the market. Last year, the priciest home sold in Cotswold was $2.65 million.

The average sales price of the 115 homes that sold during the last 12 months is just under $600,000. Expect to pay between $210 and $220 per square foot for a home there, which is what the cost averaged over the last year.

Currently, there are 39 homes on the market in Cotswold. That’s just about 4 months of inventory given the sales rate there. Of those 39 homes, 19 are already under contract. Many homes listed are recently built or still under construction.

The highest and lowest price of homes listed currently are $1.1 million for a newly-constructed, 4,400+ square-foot home and $179,900 for a 1951 home that is just over 1,500 square feet.

Cotswold has been and will continue to be one of Charlotte’s most desirable neighborhoods. Take a drive down its streets lined with mature trees and well-landscaped lawns, and you will understand why!

February 1, 2016

Report: Uptown home values outpace burbs

Home values in urban Charlotte rose more than home values in the outlying, suburban areas of Charlotte last year.

Online real estate company Zillow reports that urban Charlotte home prices rose by 6.4%, while suburban prices were up just 6% over last year.

The trend, Zillow reports, is nationwide due to young professionals choosing living locations closer to jobs rather than settling down in the suburbs so early.

Nationally, suburban home values were up 5.9% in 2015, while urban homes gained 7.5%. In 1997, the trend was reversed and suburban growth outpaced urban, 4.1% to 3.8%, respectively, the report said.

“This trend, in part, reflects home buyers’ changing preferences, as they seek amenity-rich, dense and walkable areas that are often closer to their workplace,” said Zillow Chief Economist Dr. Svenja Gudell. “In the future, this lifestyle trend will change some suburbs as we know them, and they’ll start to feel more urban as buyers move further from city centers in search of affordable housing in communities that still feel urban.”

Young buyers are willing to trade space for convenience. That’s a good thing, because those larger, suburban homes are costing more than urban spaces right now. Zillow reports the median price of a home in the Charlotte suburbs is $186,922, while median price of an urban space is $170,506.

Construction is booming around Uptown right now, and the Chamber of Commerce just reported in its “New and Expanded Business” report released Jan. 29 that homes sales in 2015 increased 8.8% over year-ago figures.

“Pent-up demand” also pushed closing prices up 5.1%, according to the Chamber report.

There are more than 60 projects ranging from apartments, hotels, mixed-use, office space and residential towers going on around the Queen City, many of which are happening in Center City and will bring more people Uptown.

Follow the boom in the Charlotte Business Journal’s “Crane Watch” report and interactive map.

If you want to follow the trend and move Uptown, there are spectacular homes available in Skye, The Ratcliffe and 1 Brevard. There has never been a better time to live in Center City!

January 29, 2016January 29, 2016

Market spotlight: Providence Manor

Built in the 1990s by Toll Brothers, the upscale neighborhood of Providence Manor has everything a family could want and Matthews tax rates!

Located at Highway 51 and Reverdy Lane, Providence Manor is at a great location near South Charlotte for access to Ballantyne, SouthPark or downtown Matthews for shopping, work or daily errands and dining out.

Homes in Providence Manor are located on large, mature lots. Home sizes vary, but most of the homes in Providence Manor are 3,000 square feet and larger built of brick or hard-coat stucco. The neighborhood is a network of cul de sacs, many of which back up to wooded areas. Adjacent to the west is the neighborhood of Hembstead.

Residents are zoned for Providence High School and Elizabeth Lane Elementary School, which are within walking distance. South Charlotte Middle School is further west on Highway 51 just past the Arboretum Shopping Center.

Currently, there are no homes on the market in Providence Manor and only 7 sold in the last 12 months for an average sales price of $488,629. Adjacent Hembstead has just 2 homes currently on the market. The average sales price in Hembstead is $565,786 for the 14 homes that sold in that neighborhood during the last 12 months.

The highest and lowest sold price in Providence Manor was $584,000 and $370,000, respectively. Homes sell for an average 3.2% off of list price at about $114 per square foot.

Home inventory on the market averages 3 months in Matthews and 3.6 months in Mecklenburg County.

Spring time is not far away, and the real estate market will start to heat up. If a family-friendly neighborhood in a fantastic location is what you want then keep an eye on Providence Manor!