Charlotte, NC|Great Townhome Values In University City Area
January 24th, 2008 Categories: Buy A Charlotte Home, University City
What can you buy in the University City Area of Charlotte for under $150,000? Quite a lot actually…
First time home buyers, investors and 2nd home buyers take note- these University City townhouses have a lot to offer, and are located between University of NC at Charlotte and Lowes Motor Speedway, 5-10 minutes to each.
I mentioned last week that I had a home buyer put a contract in at Mallard Lake Townhomes, pictures on left, and get a great University City townhouse. Well I took a few pictures of some of the other town houses in the area, and put together this report. 
There are 54 Townhomes for sale under $150,000, the median price? $112,000
There are 14 townhomes for sale under $200,000, but more than $150,000. The Median? $164,900
There are 3 Townhomes under $250,000, but more than $200,000. The most expensive? $219,900 for over 2500 sf.
Here are two attractive new communites in the area, and are pictured:
Villages at Back Creek- Portrait Homes
Still in early pricing, first closings are next week. Very nice collection with Inventory availabe- at a discount. Asking prices from$105,230 for a 1000 sf unit, to 212,340 for a 2600 sf with a 2 car garage. The have 3 Inventory under $135,000, one a $144,000, one at $196K and one at $212K. All closing costs paid with the use of one of their 3 lenders: Sun Trust, BOA and GMAC. Pool, walking trails, February/March deliveries, 5 minutes to Rt 485, 10 minutes to UNCC … And they’ll deal on these, call me for details 704-351-1519
Mallard Lake By McCar-
off North Tryon, just outside of Rt 485, 10 minutes to UNCC, 10 mkinutes to Lowes Motor Speedway.
Mallard Lake offers 4 Inventory townhouses, from $159,690, for a 3 story, 3br/3.5 bath at 1,959 sf to and end unit at $163,800,same brick front, 3 story3 br/3.5 bat and 1,959 sf. And I know they will deal some on these as well. We were able to take advantage of $12,000 in buyer incentives for using their lender- and has a loan commitment for 5.35% from Bank Of America. That s win/ win! More Pictures below the fold. Call if you’d like to see some of these, or others, 704-351-1519 Like to Search for Charlotte Real Estate…
The new entry to Back Creek Village- a large new home community that will deliver about 25 units in teh next few weeks, more established Old Ston Crossing
Mallard Glen Village, just off Rt 85 at Mallard Creek
Thinking about moving to Charlotte? Job transfer, quality of life, the weather… the 3 most common reasons for moving to Charlotte. Like to see more Charlotte Homes and Communities?
Want more Charlotte information? If you’ve never visited Charlotte, try my video on the right hand column,
it is fact-filled and has been well received. Then if you like try some of these category posts…
Active Adult, Over 55 Communities in Charlotte
Charlotte Real Estate Market Reports
Most folks like pictures, and I like taking them, so I’ve published more than 1500 pictures
divided into 45 galleries, divided by community, area
and fun things to do, see them at: Uptown Dilworth, SouthPark, Ballantyne Country Club, High Gate and more. (Pictures are of Charlotte at night on the left, and the a Weddington horse farm on right)
Concerned about the market? Here are couple of recent articles about the strong Charlotte real estate market by Forbes.com and ABC News
To learn more about me, and my business in Charlotte, visit TerryMcDonaldRealEstate.com, my easy to use search for houses, condos, land or multifamily~
Please don’t hesitate to call me direct with your Charlotte real estate needs and questions, 704-351-1519
