Retreat on Woody Point Road

A once in a lifetime opportunity has just become available on the shores of Lake Wylie. This one of a kind retreat includes four separate tax parcels and a total of 4.885 acres that includes 669 feet of frontage on the lake. This is a great chance to get away from it all on amazing Woody Point.

These properties are all being sold together in a rare chance to take them as-is, or subdivide them per the R-5 zoning. There are two waterfront parcels, each containing a two bedroom, one bathroom cabin built in 1949 with around 1,000 square feet of living space. Each cabin has its own separate well and septic system. One waterfront lot has 0.575 acres and the other is 0.64 acres. The remaining 3.67 acres have no water frontage but are wooded and have road frontage. All parcels are being sold as-is which leaves plenty of room for renovations, rebuilding, developing, or conservation.

The location of this property is fantastic. Woody Point is tucked away from the main channel of Lake Wylie. This provides privacy and less water traffic for a serene retreat. Residents have quick access to Shopton Road connecting to shopping, dining, entertainment, and more. There is convenient access to highways I-77, I-485, Uptown Charlotte, and Charlotte Douglas International Airport.

Current listing price is only $949,000. Property addresses are 13842 and 13846 Woody Point Road. Tax ID’s are #1998225, 19908230, 19908226, and 19908202. For additional information, survey, maps, or to schedule a private tour, call us at 803-831-8588. To view the full listing, click here.

November Market Report

Once again the Carolina Regional Realtor Association has released their monthly report based on data from the Carolina Multiple Listing Services, Inc. They report on the entire Charlotte Region which includes a few counties in South Carolina around Lake Wylie, Fort Mill and Rock Hill.

Based on the report data as of the end of November, the Charlotte Region is still seeing the trend where prices are rising, inventory is decreasing, and closed sales are down year over year. This trend has been going on for a while now and there is no apparent end in sight at this time.

In the entire Charlotte region, inventory was down from 10,428 homes to only 9,701 homes on the market. There is hope for inventory going up as new listings were up 2.6%. Recovery to a balanced market between buyers and sellers is going to take a while as there is only a 2.4 month supply of homes and we need 6 months or so for a balanced market. That means that sellers still have the best position in real estate deals right now.

When you look into the report for just the Lake Wylie area, the numbers look a little bit different, but small sample size can skew the numbers to make small changes look extreme. For example, home sales were up 34.8% from November of last year, but they went from 69 to 93, only a change of 24 additional sales. The increase in sales is in opposition to the trend in the entire Charlotte region which was down 11.9% year over year.

Prices in Lake Wylie are on the the rise with the average home selling for $417,547. This is up 2.4% from last year and is $131,109 higher than the average home price in the entire Charlotte region. Inventory is down year over year from 367 to 357 bringing the months of inventory from 3.9 to 3.5. This is above the 2.4 month supply for the entire region, but still below the 6 months of a balanced market between buyers and sellers.

New listings were down year over year from 101 to 93, a decrease of 7.9%. Pending sales were up from 77 to 86, an increase of 11.7%. It remains to be seen if these trends will continue or if the market is beginning to slow down and become more balanced.

Check out Amity Acres in Belmont

Just southeast of downtown Belmont you’ll find the sweet little community of Amity Acres. Featuring midsize homes, Amity Acres has reasonable prices, a variety of architecture, and great Belmont schools. These desirable homes are worth a look.

Built from the late 1950’s to the 2010’s, Amity Acres has many different styles of homes from Tudor to ranch to split-level, you can definitely find a home for your family here. Many of the homes have add-ons, or been remodeled since they were built. Some of the additions provided garages, while others provided additional living spaces. There are a few newer construction homes that blend in well with the neighborhood.

Amity Acres is located just off South Point Road, at the intersection of Stowe Road. There are many options nearby for shopping, dining, and entertainment. Highway access is nearby and connects you easily to Charlotte Douglas International Airport, or for a trip of commute into the city. Planned light rail should be coming to the Belmont area in the next few years which makes this location even more desirable.

The neighborhood is adjacent to the Catawba River and features old growth trees, sweeping lawns, lush landscaping, and large lots with plenty of privacy. Most of the homes have 3-5 bedrooms and 2-4 full bathrooms and span between 1,700 to 3,500 square feet of living space.

Children in Amity Acres currently attend Belmont Central Elementary School, Belmont Middle School, and South Point High School. Please verify school assignments as they can change from one school year to the next and boundaries occasionally cut through neighborhoods.

In the last year, homes in Amity Acres sold for between $218,000 and $312,000 with an average sale price of $250,000. There are currently two homes on the market in the neighborhood representing an 8 month supply on inventory. This is in comparison to the 4.9 month supply of inventory for all of Belmont.

Neighborhood Spotlight: Boatshore

If you think lake living is out of your reach, think again. The highly desirable neighborhood of Boatshore has affordable single-family homes on Lake Wylie. This great location has a Rock Hill address and schools with lower South Carolina taxes. What’s not to love?

You enter the neighborhood from Mt Gallant Road between Museum Road and India Hook Road. This location is convenient to the Rock Hill/York County Airport. There is easy access to I-77 for a quick trip to Charlotte Douglas International Airport or Uptown Charlotte. There is great shopping and dining close by as well.

Streets in Boatshore are all named for different species of butterflies. This nature theme extends to the wooded rear lots and to Ebenezer Park which is walking distance away and features campsites, public boat ramp, swimming beach, picnic shelter, playground, and ranger station. There is no direct lake access from the neighborhood so the park is the nearest access. There is also Marine storage for your boat just down the road.

Boatshore has 72 lots and five cul-de-sacs making a quiet and intimate neighborhood. Homes were built between 2004 and 2005 and are typically between 1,100 and 1,400 square feet in size. Open floor plans are common and most homes have 3 bedrooms and 2 bathrooms. Many of the homes have outdoor living areas including decks, patios, fire pits, porches and more.

Children in Boatshore currently attend Mt. Gallant Elementary School, Dutchman Creek Middle School, and Northwestern High School. Please verify school assignments as they can change from one school year to the next and zoning boundaries can occasionally run through a neighborhood.

In the past year seven homes in Boatshore have sold for an average price of $187,671. The price range over that same time period was $172,500 – $204,900. These homes are great for singles, families, and are great for downsizing. Boatshore is definitely worth a look.

Explore Adams Bluff in Belmont

If you are looking for a great neighborhood with affordable homes in the Belmont area, look no further than Adams Bluff. You will get a wonderful home at a great value in a perfect location with desirable schools. What’s not to love?

Located just to the east of downtown Belmont, Adams Bluff has a great location close to shopping, dining, and community events. There are multiple parks close by and residents can walk to Kevin Loftin Riverfront Park right on the Catawba River. There is nearby access to Highway 74 and I-85 for a quick trip to Uptown Charlotte or Charlotte Douglas International Airport.

Homes in Adams Bluff were built between 1905 and 2001. The original homes in the neighborhood are mostly craftsman and bungalow in style with great architectural details and tons of charm. Many of the newer homes mimic the style of the original homes. Some of the newer homes are larger in size as some of them have second floors.

Adams Bluff features homes that have between two and three bedrooms and two to two-and-a-half bathrooms. Most homes have square footage between 900 and 1,600 square feet. Lots are small and easy to maintain. In the past year, homes have sold for between $157,000 and $212,500 with an average price of $192,225. There are currently no homes on the market in Adams Bluff, but there are typically almost 12 homes per year that sell in the neighborhood.

Children in Adams Bluff currently attend Belmont Central Elementary School, Belmont Middle School, and South Point High School. Please verify school assignments as they can change.

Exciting changes are underway for the Belmont area making it a very desirable place to live. Light Rail plans are in the works which means an Uptown commute will potentially be easier in the future. When the project is officially underway, prices could soar.

Neighborhood Spotlight: Rosedale

Rosedale is an amazing neighborhood in Lake Wylie, and now is the best time to buy a home here. According to Attom Data Solutions, a California-based property database firm, the best time to close on a home in December 26th. This means that now is the best time to get a contract on a home to close and pay around 1.3% or $2,500 less than full market value.

Attom’s senior vice president says “Buyers and investors willing to start their home search right about when stores are setting up Christmas decorations will face less competition and likely be dealing with more motivated sellers, giving them the upper hand in price negotiations.” There are typically fewer people trying to purchase homes during this time and that is exactly why it is the best time to buy.

Rosedale was built by D.R. Horton between 2010 and 2016, and the homes are just beautiful. Many homes have stone exteriors adding charm and character. There are a variety of plans for these homes, many with finished or unfinished basements. Homes are typically well over 2,000 square feet and can be almost 4,000 square feet with finished basements.

Homes in Rosedale have many features making them desirable. Many of the homes have trey or coffered ceilings, open floor plans, stainless steel appliances, hardwood floors and much more. Homes have 3-5 bedrooms, 2-4 bathrooms, and additional features like home offices and bonus rooms. Prices in the last year have been in the $290,000 to $385,000 range.

Children in Rosedale are currently zoned for top rated schools. Assignments are for Crowders Creek Elementary, Oak Ridge Middle, and Clover High Schools. Please verify school assignments as they can change from one school year to the next.

Rosedale is located just minutes from the lake and close to shopping, dining, and convenient to highway access. River Hills Country Club is adjacent to the neighborhood. There is easy access to highways I-77 and I-485 connecting residents to Uptown Charlotte, Charlotte Douglas International Airport, and all other points of Charlotte.

 

Renovation in the works for Belmont Bar

A vacant storefront is soon to become a new Bar in downtown Belmont. The property is located at 101 Kenwood Street and it is currently under construction being outfitted to become a great venue. Opening of this space is expected sometime in 2019.

The space did have the same owner for more than a decade, but is under new management. Jimmy Smith owned and operated Belmont Food and Beverage in the space from the middle of the 2000’s until 2015 when he renamed the space Supply. He chose to end his lease and close down almost a year ago and the space has been vacant until now.

One of the people behind the new bar is Chuck Craig, operating partner of Mayworth’s Public House in downtown Cramerton. Mayworth’s Public House features a great menu of made-to-order food using the freshest ingredients available. They complement the bar selections which include a rotating selection of craft, draft, and local beer. If this new space is anything like Mayworth’s, we’re excited.

The style and configuration of the new space have not yet been made public, but the building was built in the 1950’s and has around 7,500 square feet of space. The location is about a block away from Main Street close to City Hall and other bars and restaurants. We don’t yet know if the restaurant will be open for lunch, but expect at least dinner and most likely weekend brunch. We should know more about the space and the direction the new concept will go after the first of the year.

To read more, check out the The Gaston Gazette.

Stunning Home: 173 Mill Pond Road

Check out this just listed home in the Lake Wylie community of The Landing. This amazing home has something for everyone in your family. There is a wonderful open kitchen, light and airy bedrooms, room for a home office, and plenty of room to play in the backyard.

When you walk up to the home past the three car garage, picture yourself sitting down to relax on a glider swing on the deep front porch. Open the front door and you will find yourself in a grand columned space housing foyer, living room and dining room. You will be struck by the soaring ceilings and gleaming hardwood floors. Architectural features abound with heavy mouldings, trey ceilings, wainscotting, and columns.

The rear of the downstairs features the open kitchen with dining area as well as countertop seating. The kitchen is open to the family room, but also features a mud room/utility room with great storage. The gleaming hardwood floors continue through this area and the family room boasts a cozy fireplace. The downstairs bedroom has no closet, but is perfect for a home office with built-in bookshelves.

This home has five bedrooms and three and a half bathrooms in 3,719 square feet of living space. One of the upstairs bedrooms features window seats with storage, but all are generously sized. The master suite contains amazing walk-in-closets with custom built-in storage and a bright master bath with separate tub and shower. Laundry is also upstairs along with a bonus room perfect for a playroom.

This home sits on 0.45 of an acre and has an iron fenced yard. The backyard has ample space to entertain and features terracing and a paver patio. There is space for backyard barbecues as well as sports equipment for the kids.

Current school zoning is for Oakridge Elementary, Oakridge Middle, and Clover High Schools. These top rated schools make this an even better option.

This home is in the ideal location, walking distance from the Lake, yet also close to shopping, dining, grocery stores, and much more. There is easy access to I-77 and I-485 making a commute a breeze. This amazing home is currently offered at $474,875. Give us a call to schedule a private tour.

Starter Homes Becoming a Thing of the Past

With the way the market has been for the past few years, people have started staying in their homes for longer than before. This has contributed to the lack of supply of homes on the market. This lack of supply, combined with higher interest rates, more college debt, higher taxes, and more credit card debt are keeping people in their homes. It is also keeping many people out of the market for longer while they save up for their dream home.

Another factor keeping families in homes longer is that the price to renovate/remodel homes is often less per square foot than buying another home. Once a remodeling project is completed, it can keep a family in a home for much longer as the home can meet their changing needs. It can also be a daunting prospect to live through a remodel, then think of moving up to another home that needs to be remodeled.

Many families think that they will buy a small home close in to the city, live in it for a few years, then move up to a bigger home farther out with better schools. This has traditionally how many families have approached home ownership. That model doesn’t happen as often anymore. The average homeowner has been moving less often per the US Census data which shows that only 11 percent of households changed homes in 2017, down from 13 percent in 2007. The National Association of Realtors data shows that families are staying in their homes for 10 years on average down from 6 years.

What all this means is that you need to make sure you are ready and that you take time and do the research with your Realtor. This way you can find the perfect home for you every time you move in case you will be there for at least 10 years.

To read the full article, check out the Charlotte Business Journal or their partnership with The New York Times.

Check Out Summerhouse in Lake Wylie

Out past the Buster Boyd Bridge in Lake Wylie, South Carolina, you’ll find an amazing neighborhood in Paddler’s Cove called Summerhouse. There are great one and two story homes with great amenities and lake living. Summerhouse has small town feel but is still close  to Charlotte so you can enjoy all the city has to offer.

Homes in Summerhouse range between 2,041 to 3,104 square feet of living space with 2 to 4 bedrooms and 2 to 3.5 bathrooms. Homes can have an optional second story guest suite great for hosting out of town guests, or for a teenager to have privacy. These homes are perfect for downsizing as they aren’t as large as some in the area, and they are not part of a 55+ community as many others in the area are.

Homes have two or three car garages and prices start in the low $300,000’s and can go up to the mid-$400,000’s. With six plans to choose from, there is a plan to fit any family’s needs. In the past year, homes have sold for between $249,000 and $444,899 and can be packed with options and upgrades.

Schools are another great draw to Summerhouse. Current zoning has children attending Crowders Creek Elementary, Oakridge Middle, and Clover High Schools. All schools are top rated in the area and are highly desirable. Please verify school assignments as zoning boundaries occasionally cut through neighborhoods.

Amenities include access to Lake Wylie with public and private marinas. In addition, residents can enjoy a large covered outdoor patio and swimming pool bordering the water. This is the perfect community for beautiful homes and a beautiful landscape.