The Trust was fun to talk about and I am looking forward to Part Two…meanwhile, I thought it would be interesting to look at various sections. Today, it’s Dilworth. If you are unfamiliar with this charming, historic district…for a map, a little history and some photos, go to www.AtHomeCharlotte.com, click on AtHomeCharlotte and then to the Historic Index and Walking Tours…on the right, go Dilworth. My maps are a little different because talented artist Gay Grayson custom created all of the maps on our site.
Okay, discover Dilworth. Front porches, tree lined streets, East Boulevardwith a myriad of restaurants and coffee shops…and it is just a hop and a skip from Uptown. And adjacent to South End.
So…condos in Dilworth. First, if a friend told you Dilworth is in Area 5 …well it is, and also Area 6. There are 74 listed for sale…some are resales and some are newly constructed and some are under construction. In Area 5-Dilworth list prices start at 185,000 for between 500-700 square feet, mid-rise, so this is a flat. Several are on East Boulevard, newer, converted from apartments and recently had a news article on Radon…Older condos…those with 2 or 4 or eight in a building, smaller, more traditional, tend to come on the market and go quicker…they are Monticello Terrace, Arosa, and 1109 Morehead…all 185,000 to 230,000 and then the prices take a climb to 2 million plus. And a wide range of styles, parking, and amenities of course. And all the way up to 3200 square feet. Average layout is 2 bedrooms, 2 full baths, 1300-1600 square feet and average price 474,866…our current time on the market for actives is 106 days.
What to watch for…the number of investors in any complex. Read the documents in both older and newer…looking for leasing, parking, and pets primarily. In the older condos, our Legal Beagles tell us to read the minutes. We’ll announce that column when we post it. Oh, yes, we have a whole new section “and Friends”…on TheRealEstateLady.com.
In Dilworth Area 6, 73 are listed for sale. Starting at 129,000 for 500-700 square feet. A good mix of older condos, usually one bedroom with one bath or two with either 1.5 or two. Many new condos. One newer apartment conversion that I can see right off hand. All the way to759, 230. Average layout 2 bedrooms, 1100-1400 square feet and average price 322,441. With days on the market average for active listings at 126. With Area 6, Park Road is the dividing line if that helps. So slicing Park off to South Boulevard takes in the area that is right next to South End.
What would I look for? Investors, read the minutes, read the docs…the newer units more than likely will have more investors. And ask about the builder’s warranty. And who the insurance is with.
Have fun in Dilworth. Walk Uptown, to Freedom Park, Latta Park, to Mid-Town Farmer’s Market and the original Famer’s Market on Harding. Enjoy!
Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC