Highest: 900 Huntington Park Drive, Charlotte
Sold price: $3.6 million
Square feet: 7,294
Listing agent: Valerie Mitchener, Dickens Mitchener & Associates
Selling agent: Scott Russo, The McDevitt Agency
When Scott Russo took his buyers to see this five-bedroom, eight-bathroom home in Charlotte, he said there were a lot of things to fall in love with.
“It was built in a kind of European style,” said Russo, a broker with The McDevitt Agency. “It’s a great neighborhood, and it has a fine level of detail with everything in the house. And it has the feel of a generational home where parts of it were built over time despite the fact that the home was built in 2002.”
But Russo said that none of those things were the deciding factor for his buyers – it was the land itself.
“The property just spoke to them,” he said. “It was about the 5 acres of land that came with the home and the 125-year-old trees on that particular property.”
Russo declined to name the buyers. Listing agent Valerie Mitchener did not return calls for comment.
Russo said he expected to see more multi-million dollar sales in the Charlotte area as the luxury market ramps up for a strong recovery.
“I think the energy in the luxury market is robust,” Russo said. “We’re seeing properties in the $2 million plus price points that move rather efficiently. Any of the newer positions coming to the market in that price spectrum are trading out rather quickly. Money is being put to work, and deals are getting done.”
Russo said he worked with the buyers for the Huntington Park property for only about a month before they made an offer.
“Another property just came on the market on Huntington Park, but it offers a smaller home and smaller amount of land for $2.9 million,” he said. “It seems prices are on the up trend, and properties priced well in the luxury format are selling.”
Closing thought: “My advice to my fellow Realtors is to love what you do and take the time to get to know your clients,” Russo said. “I think getting to know your clients allows you to be most efficient for them because many of them don’t have the time to do all of this for themselves.”
Lowest: 276 Skyline Drive, Badin Lake
Sold price: $7,000
Square feet: 0
Listing agent: Ramona Ingram, Badin Lake Realty
Selling agent: same
Ramona Ingram had a hard time finding any information about the dilapidated structure at this address in Badin Lake.
“The house was built in 1962 and it has not been used probably since the 1960s,” said Ingram, a broker with Badin Lake Realty. “I checked with the county, and it was so old there was nothing on record as far as the septic system on the property. The home was uninhabitable.”
But that was no matter for Ingram, who said she mostly tried to market the lakefront lot that came with the home. The 0.13-acre property was the real star of the deal.
“The roof had caved in and there is no value to the house at all,” she said. “I just placed the value on the lot, and I had many calls about it. It did have a good view of the lake.”
Ingram said the house might have attracted buyers who were looking for a fixer-upper, but this structure goes way beyond that. Still, with her emphasis on the property and not the home, she was able to get some offers very quickly, she said.
“We had the listing for four weeks, and we had calls on it the first day,” Ingram said. “It was just one of those situations where people get excited and they see the home and think they can repair it. Most of them hadn’t even come out to look at it, they just saw it on the web.”
Ingram said many of those interested buyers lost interest when they realized how difficult of a repair job the home would represent. She declined to name the eventual buyers, but said they paid cash for the property, and the family was a nearby landowner who would likely use the lot for a storage building near their other lakefront home in the area.
Closing thought: Ingram says there is a buyer for every listing out there – and this sale proves that. “This is about matching the buyer with the listing,” she said. “If you get someone that wants to sell a piece of property, do your very best at getting it out on the market and advertising it for them.”
A look at the other sales in Charlotte-area counties:
30 Dula Loop, Taylorsville
Sold price: $112,000
Square feet: 1,540
815 Wildwood St., Wadesboro
Sold price: $111,500
Square feet: 2,500
3176 Keady Mill Loop, Kannapolis
Sold price: $283,000
Square feet: 4,275
105 Beech Bluff Drive, Mount Holly
Sold price: $405,100
Square feet: 3,500
197 Brownstone Drive, Mooresville
Sold price: $1.175 million
Square feet: 6,584
4440 Lake Shore Road, Denver
Sold price: $488,000
Square feet: 2,414
1869 Queens Road, Charlotte
Sold price: $1.57 million
Square feet: 5,250
32694 Chapel Road, Norwood
Sold price: $135,000
Square feet: 1,375
1406 Venetian Way, Waxhaw
Sold price: $1.06 million
Square feet: 7,839