We Made History |The highest-priced residential real estate deal in the history of Uptown closed last week.
Charlotte Agenda | By Brianna Crane | October 6, 2019
A condo in The Trust building, where Michael Jordan and Cam Newton also own property, just sold for $3.9 million. It’s the most expensive piece of residential property that’s ever sold in the history of Uptown.
Before it became The Trust building, the site was originally home to the Buford Hotel. The hotel was torn down and rebuilt in 1967 as The Home Federal Savings and Loan Building, a growing local mortgage company founded in 1883.
Now The Trust building includes seven multi-million dollar condos, including Unit 5a, just sold for $3.9 million. Scott Russo of The Mcdevitt Agency represented the buyers, Brett Carraway with Northstar Real Estate was the listing agent for 5a.
The recently renovated two-story condo is 6,583 square feet with three beds, three and a half baths and two sprawling terraces.
Russo told the Agenda that Artistic Contractors has spent a year and a half renovating the condo, aiming to pay homage to the building’s post-war architecture but blending it with modern urban luxury. And that’s exactly what they got. Here is a quick photo tour:
Providence Plantation | $1,150,000 Every so often you find a place where everything appears to have been anticipated and you are aware that the intention is to make your life as pleasurable as possible. Nestled on a cul-de-sac below the swaying tree canopy of Providence Plantation, your one acre park like oasis awaits.
Our unique marketing of the home lead to a stunning pace of 46 showings in the first 6 days of being active and generated four offers in the same time frame. We secured the contract, got a backup offer in place and a back up to the back up..... Ready to make a move? We welcome the opportunity to get to work and appreciate the continued support and referrals from our neighbors. See you in the neighborhood!
Our post production team nailed the spirit of the home in the video showcase. Check it out....
Our friends over at Scoop Charlotte assembled a list of the best corn mazes near Charlotte. Which one have you been stuck in? See them in order of opening dates
July 25, 2018 - REALTOR.com
The home’s garage, large backyard, and updated kitchen may not be as important to home shoppers as the school district, according to a new survey released by realtor.com® of more than 1,000 people who closed on a home in 2018. Seventy-eight percent of buyers surveyed say they’re willing to give up home features to get their school district of choice, and home shoppers are willing to give up their most desired home features to get that.
“Most buyers understand that they may not be able to find a home that covers every single item on their wish list,” says Danielle Hale, chief economist for realtor.com®. “But our survey shows that school districts are an area where many buyers aren’t willing to compromise. For many buyers, ‘location, location, location,’ means ‘schools, schools, schools.’”
The extent of compromises that buyers are willing to make to get their top-choice schools may be surprising too. For example, 78 percent of buyers who said schools were important in their house hunt said they had to compromise on certain home features. The features they most commonly reported giving up in exchange for their preferred school district were a garage (19 percent); a large backyard (18 percent); an updated kitchen (17 percent); desired number of bedrooms (17 percent); and an outdoor living area (16 percent). A spring home buyer survey conducted by realtor.com® had showed a garage was the number one feature that home buyers were looking for this year, followed by an updated kitchen and an open floor plan.
Not surprising, the desire for particular schools did vary by a buyer’s life stage and age. Ninety-one percent of buyers with children said school boundaries are important or very important compared to 34 percent of those without children.
Buyers surveyed said they determined the school district they wanted to live in by looking at schools’ test scores, followed by the availability of accelerated programs, arts and music, diversity, and before- and after-school programs. Realtor.com® offers a tool through its site’s search to specify a district or school boundary so buyers can search for homes within that preferred area.
Want relief from Carolina heat without the financial investment and ongoing maintenance of a pool? One local business is betting lots of people do.Carolina Splash Pads specializes in designing and installing custom residential splash pads usually only found in public parks. You’ve likely seen something similar here at First Ward Park, Latta Park and along Little Sugar Creek Greenway, among other locations.
It’s basically a sprinkler on steroids with plumbing, permanent landscaping and programmed fountains. And now you can have one in your backyard.
Here is the full story from Katie Levans loveluck at the Charlotte Agenda -
Want your own splash pad? Me too. I know the idea is that these are a big hit with kids but my dog would really love one. Request a quote here.
Header photo courtesy of Carolina Splash Pads
Related story: A guide to free public spraygrounds in Charlotte
There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly.
After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow.
This is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.44 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,904 homes sell every day.
The report from NAR also revealed that there is currently only a 4.2-month supply of inventory available for sale (6-months inventory is considered ‘historically normal’).
This means that there are not enough homes available for sale to satisfy all of the buyers who currently are out in the market in record numbers.
We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price. Check your home value here!
Over 2900 square feet - 3 beds (dual owner suites) 2.5 baths, this walk-up brownstone located in historic 4th Ward is an empty canvas ready for your vision. Where are all my HGTV lovers? Upgrading? "Right-Sizing" - This rare opportunity in one of Uptown's most desired buildings is for you! - 2 deeded parking spaces and additional storage unit. Stay tuned ....... or contact me for info.
$169,900 - Offered for the first time since constructed, this original owner home in desirable Pine Forest is a short walk to the energy of downtown Matthews, Matthews Greenway, and Squirrel Lake Park. Perfect home for the HGTV enthusiast to create their own vision. Rear deck, storage shed - Check out the schools! This is the one you have been waiting for. Learn more -http://www.tourfactory.com/1846831
History abound in remarkable Ashbrook. Built circa 1936 on Park Road where the YWCA stands today. It was moved to it's current location in 1958 when Ashbrook was transitioning from the Ashcraft Plantation to a residential neighborhood. One of the first houses on Paddock Circle - horses grazed around the grounds until the early 1970's. Modern day Ashbrook offers a location that is tough to beat. Stroll across the street to Park Road Shopping Center, Dine on Montford Drive or spend the afternoon in Freedom Park.
www.1520PaddockCircle.com for Film/Photos/Features
Apple orchards within 2 hours of Charlotte (List provided by CharlotteAgenda)
NOTE: Many orchards are cash only. Apple availability updated as of August 11, 2017. Call ahead to confirm availability.
Sky Top Orchard
Windy Hill Orchard & Cider Mill
Apple Hill Orchard
Stepp’s Hillcrest Orchard
Blueberry Thrill Farm
The Orchard at Altapass
As a resident of Providence Plantation I look to provide fresh and relevant n'hood info. -Scott Russo