2523 Druid Hills Way | Sinko Realty LLC
$259,000
NEW 0 days

2523 Druid Hills Way

Charlotte, NC, 28206

2 Bedrooms | 1 Bathrooms | 925 Sq Ft | 0.33 Acres
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Property Description

This exceptional property in Charlotte presents a compelling investment and development opportunity.

Strategically positioned within one of the city's most dynamic and rapidly expanding districts, this site offers inherent value derived from significant urban growth trends and sustained market demand. Encompassing a generous land parcel, the spacious dimensions provide considerable flexibility for ambitious construction projects, making it ideal for astute investors, seasoned builders, and innovative developers focused on new residential or mixed-use construction ventures.

While the existing structure will necessitate comprehensive renovation or complete redevelopment, it offers a blank canvas for transformative architectural visions. This allows for the creation of either a bespoke high-end residence or a strategic multi-unit development, perfectly aligned with the discerning preferences of this highly sought-after locale. The intrinsic value lies in its potential to maximize return on investment within this burgeoning community.

Its superior location boasts unparalleled connectivity, providing effortless access to major transportation arteries, premium retail destinations, and a diverse culinary landscape, thereby enhancing its appeal to future residents or tenants.

Property Details

Property Type: Single Family Residence
Year Built: 1953
Living Area: 925 sq ft
Price / Sq Ft: $280
Lot Size: 0.33 acres
Bedrooms: 2
Bathrooms: 1 (1 full, 0 half)
Subdivision: Druid Hills
Cooling: Window Unit(s)
Heating: Oil
Water: City
Sewer: Public Sewer
Foundation: Slab
Construction: Brick Full
Laundry: Electric Dryer Hookup, Washer Hookup

Appliances

Oven, Refrigerator

Schools

Elementary: Druid Hills
High: West Charlotte

Financial Information

List Price: $259,000
HOA: No
Listing Information
Status: Coming Soon
MLS #: 4362129
Listing Firm: Valarie R Brooks Real Estate
Listing Agent: Luke Bragg
Agent Email: LukeBragg@ValarieRBrooks.com

Market Insights

Beta
Charlotte is a Buyer's Market

Inventory is high and competition is low. Buyers have more negotiating power.

Buyer's Market Seller's Market
1,886 Active Listings
652 Sold (Last 90 Days)
8.7 mo Inventory
-
98.2%
List to Sale Price
Homes typically sell for about 2% below list price.
~
54 days
Avg. Days on Market
Homes typically go pending in about 8 weeks.
$
$454,125
Median Sale Price
Based on 652 recent sales

Estimated Monthly Payment

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Estimated Payment
$1,601
per month
Payment Breakdown
Principal & Interest $1,310
Property Tax (est.) $216
Insurance (est.) $76
Total Monthly $1,601

* This is an estimate only. Actual payments may vary based on lender terms, credit score, property taxes, insurance rates, and HOA fees. Contact a lender for accurate quotes.

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Equal Housing Opportunity: Sinko Realty LLC is committed to the principle of equal housing opportunity. All listings are subject to the Federal Fair Housing Act.

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