Neighborhood Spotlight: River Hills

If you want a one-of-a-kind experience, River Hills is a unique neighborhood on Lake Wylie that you need to explore. This resort-away-from home could be your new home and it is only 18 miles from the center of Charlotte, North Carolina. The neighborhood was designed by Sea Pines of Hilton Head. It features casual Southern living in a gated community with 24-hour private security, a staffed gatehouse and all the amenities plus low South Carolina taxes and top-rated schools.

A magnolia tree lined entrance welcomes you to the over 800 acres of River Hills. Within the neighborhood you will find almost 1,100 homes set among mature trees and a championship golf course as part of the River Hills Country Club. Residents can choose from one of several types of club memberships. Residents also enjoy a playground, basketball court, dog park, community garden, beach park, and marina club with over 200 slips. Residents also gather throughout the year for community events organized by the homeowners association. Seasonally the neighborhood sees horses come through from YMCA Camp Thunderbird which is located adjacent to the River Hills, close to the Buster Boyd Bridge.

Homes in River Hills range from more affordable condominiums and patio homes to exclusive lakefront estates. In the past year homes in River Hills sold for between $211,000 and $800,000 though some of the premium waterfront homes occasionally come on the market and can list for well over $1 million.

If you would like to schedule a tour of homes in River Hills or are looking for a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Gaston County Residents Could See Rise in Taxes

Property Taxes have been reassessed for Gaston County which affects some Lake Wylie area homeowners. We all hope for appreciation on our properties, until it’s time for our taxes to be recalculated. With this most recent recalculation, Gaston County Residents will see an average rise of almost 23 percent.

The valuation is used to calculate property taxes and is based on current market value for properties. The tax rate is expected to remain the same at 87 cents per $100 of value. This means that if you have a $100,000 valuation that goes up by 23% you now have a value of $123,000. Your taxes would go up from $870 to $1070.10, a difference of $200.10. If your taxes are paid through an escrow account for your mortgage, your monthly payment should go up to account for the rise, in our example that would be $16.68 per month.

The notices for reevaluation started to be sent out this week so some residents already know what their new assessments are. For those that do not have them yet, they should arrive soon. If you can’t wait, you can check Gaston County’s website starting March 12th. The county website should have a link to the Tax Office’s new website with the updated property values.

The tax office has not done a reassessment since 2015 when average values actually dropped by 1 percent. That was during the recession, and values have rebounded greatly since that time.

It is important to remember that the rise of 23 percent is just an average. Some homeowners will see a rise of more than 40 percent, and some will see less than the 23 percent rise. The Tax Office stated that some commercial properties are up more than 60 percent. If you feel that your property valuation has been raised in error, there is an appeal process that can be started via the Tax Office website. You can also appeal in the old fashioned way by going to the Tax Office. Appeals need to be filed within 30 days of notice. The county is expecting a large number of appeals due to the shock many residents may feel.

If you are looking for a home in the Lake Wylie area in Gaston County or any of the other counties that border the Lake, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

 

To read more see the article in The Gaston Gazette.

 

Neighborhood Spotlight: The Palisades

The Palisades is a diverse collection of neighborhoods in Lake Wylie with many different builders, styles, and price points. There are existing homes and there are also builders still in the area so you have the opportunity to build your dream home from the ground up.

Lennar, Toll Brothers, CalAtlantic are a few of the builders still in the construction phase. There are many different sections with new construction homes available such as Lanterns, Austin’s Creek, Morningside, Regency, Bear Creek, Eagles Landing, Montage and Highcliff. Homes in these areas start in the low $300’s and can go for well over $1 million for the custom homes. Homes are grand in scale and are full of unique and custom details. Many of the homes are on large lots of at least half of an acre. Three car garages are common as are grand outdoor living spaces including outdoor kitchens. Interiors boast coffered ceilings, butler’s pantries, top-of-the-line appliances, gourmet kitchens, spa-like bathrooms and much more.

The Palisades is zoned for terrific schools including Palisades Park Elementary School inside the neighborhood. Other schools nearby include Southwest Middle School and Olympic High School. There are also many private school options nearby.

People love The Palisades for the homes, but also for the amenities. The resort style amenities include Clubhouse, Equestrian Facilities, Equestrian Trails, Fitness Center, Golf Course, Lake, Playground, Pool, Recreation Area, Security, Sidewalk, Street Lights, Tennis Court(s), Walking Trails. This is in addition to the opportunity to join The Palisades Country Club.

Uptown Charlotte is nearby and is close enough for a morning commute. There are many options for shopping, dining, and entertainment at Rivergate, or with convenient highway access to additional choices.

If you are looking for a home in the Palisades or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

February Market Report

The monthly numbers have been published by the Carolina Regional Realtor Association. They base the report off of numbers from the Multiple Listing Services, Inc. The big story for the Charlotte region is that almost every number is down. From supply of homes to new listings, to days on market from list to close, all of these numbers are down. The numbers that are up are average and median list price.

When you look just at Lake Wylie, the numbers are a little bit different, but keep in mind that the small sample size can make the trends seem extreme. In Lake Wylie, most of the numbers are up from last year at this time. New listings are up 12% over this time last year, from 133 to 149. They are also up when you look at year-to-date, 10.6% over last year from 246 to 272.

This increase is responsible for an uptick in the supply of homes which rose from 3.5 months up to 3.6 months. A balanced market between buyers and sellers is considered to be a 4-6 month supply. This is welcome news for buyers as they have had a harder time in recent years with a rise in multiple offer situations and prices above list. If this trend continues, we could see prices slow in their rise.

Prices for homes in Lake Wylie have increased from an average of $382,147 last February to $393,761 this February. This represents a 3% increase year over year. When you look year-to-date, there has been an 8.4% rise in average sales price which could be the result of a few large sales.

Pending sales were way up year over year from 91 up to 120, a rise of 31.9%. This means that we should see strong sales for the next few months as the homes that are pending head to the closing table. As we head into spring, we should see the market speed up.

If you are looking for a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

 

Neighborhood Spotlight: Pinnacle At Handsmill

Handsmill at Lake Wylie is an amazing gated community with resort style amenities right on the shores of the lake. Pinnacle at Handsmill is a new construction neighborhood within Handsmill that offers a perfect balance of style, space and design. The neighborhoods of Handsmill have lower York taxes, award winning Clover schools, and the slower pace of lake living.

Builder True Homes is working on this project and is bringing amazing homes at a great price point. Homes start just below $300,000 and include 3-6 bedrooms, 2.5-5 bathrooms in 2,668-4,585 square feet of living space. These homes have amazing style in addition to all of the features you need. Homes feature kitchens open to family rooms, large islands, abundant storage, spa-like master suites, and much more.

Located in York County, Pinnacle at Handsmill is just a 30 minute drive from Uptown Charlotte. The neighborhood is right on Lake Wylie with two community boat slips, private marina, club house, pool, playground and fitness center. There is also private boat and RV storage for residents in addition to the 30+ acres of green space and tennis courts.

In the past year, homes in Handsmill have sold for between $470,000 and $1.7 million. There are currently four homes in for sale in Pinnacle at Handsmill ranging from around $347,000 to around $391,000. There will eventually be 67 homes in this section of the community.

To schedule a private tour of homes or lots  in this or any other neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Worrels River Development Gets Greenlight

At Monday’s city council meeting, Belmont leaders approved a plan for construction of a large new neighborhood of 209 single family homes just North of Daniel Stowe Botanical Garden. The project is expected to cost around $62.7 million.

Builder Fielding Homes acquired the property last year after it was annexed by the city of Belmont. There was no zoning change needed for the parcel as it was already zoned “suburban residential”, but City Council still needed to approve the plans after the completion of a traffic impact study.

Fielding Homes will be responsible for building the homes in multiple styles and building materials. Current plans call for brick, stone, and fiber cement exteriors. Architectural details will include dormer windows. As the project progresses, more details will become available.

In addition to the homes, Fielding Homes has committed to extend the Seven Oaks Trail so it can be tied into the Carolina Thread Trail. They have also committed to save at least 25 percent of the tree canopy. The current plans exceed this requirement by creating additional open space and additional buffering from main roads.

The next phase of development is for the builder to complete detailed engineering drawings which could take several months. After that, the builder will have to work to resolve utility and transportation issues.

It may be some time before individual lots are up for sale, but we can help you when they are available. To learn more about this or any other neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

To read the full article, see the Gaston Gazette.

 

State of the Housing in the Charlotte Market by UNCC

A comprehensive report issued last week by the Childress Klein Center for Real Estate (CKCRE) at UNC Charlotte offered a sobering picture of the State of Housing in the eight-county Charlotte Region. Using a wide range of housing data from 2010 – 2017, the report concludes that our region is woefully under-producing both for-sale and rental housing, leading to a growing affordability crisis that is most directly impacting middle-income families.

Read the article:

https://rebiccharlotte.com/2019/01/22/unc-charlotte-state-of-housing-summit/

More Infill Development Could be on the Way in Belmont

Affordable housing is hard to come by in the Charlotte Metro Area. Thanks to CoHab, an innovative developer, there will hopefully be a new option for affordable housing in Belmont. The zoning petition has been filed and we should know soon if the project gets the green light.

The new project would be located on a 0.5-acre parcel at Seigle Avenue and East 15th Street close to the Little Sugar Creek Greenway and walking distance to Little People’s Park. The current plan calls for 35 residential units and a commercial space.

CoHab is a local company that primarily works on smaller environmentally friendly residential developments. They focus on projects close to light rail with high-density. CoHab’s goal is to build “residences with moderate density, net-zero energy and sustainable materials”. The net-zero energy comes from solar panels, high-efficiency appliances, and great insulation. They use sustainably sourced materials, thoughtful and inspiring architecture, and cater to people of all income levels.

There is a “missing middle” part of the housing market that CoHab tries to address with their projects. They prefer to work on projects that will be near public transit. The next steps for the project are a public hearing before City Council, then a vote at a future meeting. We will keep an eye on this and other projects that come up.

If you are excited about this project and would like to learn more, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Great Value in Austen Lakes

Austen Lakes is a great York County neighborhood, but there is some exciting new development that makes it worth a second look. Developer True Homes has opened a new section with new construction homes to the area providing additional options for families looking for affordable homes in a cozy small town with a premier school district minutes away from Lake Wylie.

The new section of the neighborhood is now open so you can build your dream home from the ground up. There are 22 floor plans to choose from and a variety of lots to choose from. Homes range from 1,680 to 4,281 square feet so there is truly a home for every size of family. Prices start in the high $100,000’s which means they are affordable. Larger homes start in the $260,000’s. Homes have between 3 bedrooms, 2.5 bathrooms to 5 bedrooms, 3.5 bathrooms. Open floor plans and kitchen islands make entertaining easy. There are many features that make these homes great, from soaker tubs to upstairs lofts, to screened in porches.

Nearby schools to Austen Lakes include Cotton Belt Elementary School, York Intermediate School, York Middle School, and York Comprehensive High School. There are also private schools in the area.

In the last year, homes in Austen Lakes sold for an average of $223,748. There are currently seven homes on the market representing a seven month supply of homes. Average list price of recently sold homes is $220,429. In the rest of York, there is a 4.4 month supply of homes which means that buyers in Austen Lakes should have bargaining power.

To schedule a private tour of homes in Austen Lakes, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

See our original post about Austen Lakes here.

Inquire About Cypress Point

National builder D.R. Horton is offering a new community in the Lake Wylie area called Cypress Point. This South Carolina spot is zoned for award winning Clover schools and is only about 20 miles from Uptown Charlotte. Schedule a private tour of these amazing homes today by calling 803-831-8588.

Cypress Point is located right off Highway 49 just past the Buster Boyd Bridge on the South Carolina side of Lake Wylie. There are many different options very close by for shopping, dining, schools, entertainment, and conveniences. Residents are also minutes from boating, water sports, and waterfront dining. The location also allows quick access to highways connecting you to Uptown Charlotte and Charlotte Douglas International Airport.

Resort lifestyle is paramount in Cypress Point. Community amenities will include a large clubhouse and pool. Residents are walking distance from the lake with many of the homes having a lake view.

Homes in Cypress Point are a mix of one and two story plans ranging from 2,300 to 4,367 square feet of living space. These elegant homes offer gourmet kitchens with double ovens, granite countertops and large islands. Homes also include wood flooring, crown molding, custom tile work, and French doors. New homes include a home warranty that covers the quality workmanship. Prices start in the $280,000’s and can go higher depending on plan and options.

If you are looking for a home with the laid-back lake lifestyle that is also close to the city, give us a call at 803-831-8588 to schedule a private tour of homes in Cypress Point and the surrounding areas. You can view current listings and create custom searches on our website here.