Sold on Cotswold!

cotswold-shops-sign

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. moderncotswold

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!

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