Get the bulldozer ready. Here’s a sample of just how valuable land is in Charlotte’s hot neighborhoods.
They say location is everything in real estate, and some buyers aren’t nit-picking over floor plans or half bathrooms when they hunt in the hotly competitive markets of neighborhoods of Myers Park, Elizabeth and Plaza Midwood.
That’s because they plan to tear it all down and start from scratch — and can afford to do so.
Many of us would love to buy a home at these price points at all, making some of these listings pretty eye-watering.
But for the lucky few, here are some homes for people who can get rid of one home on their path to getting another. Here’s a teardown on the market in each of those three neighborhoods.
Let’s hope they build something beautiful.
Neighborhood: Myers Park
List price: $800,000. This property is listed as under contract less than one week after entering the market. Kim Sheely with HM Properties (704-909-5016) has the listing.
Specs: Property is .3 acres and walking distance to Freedom Park. Comes with 1954 modernist home with 3 beds, 2 baths, and 2,223 sq. ft.
List price: $399,900. 5 Points Realty has the listing.
Specs: On 9th Street between Pecan and Clarice Avenue. Listing says value is in the land, and the 1929 home – 2 beds, 1 bath, 1,124 sq. ft. – is only partially livable.
Neighborhood: Plaza Midwood
List price: $357,000. Lara Taylor with Re/Max Executive (704-200-8835) has the listing.
Specs: This Plaza Midwood home is advertised as a teardown and investment based on location. The house is from 1928 with a brick exterior, 3 beds, 2 baths and 1,512 sq. ft.