For first-time homebuyers finding a place to put down roots in a desirable location with a low down payment can be tough. But according to a recent post in Business Insider, there are several markets currently trending among first timers. Case in point, Charlotte, North Carolina.
Charlotte has long been a favorite city in the south. And today, it’s one of the 10 best places in the US for first-time homebuyers to invest in real estate. Why? A Zillow-based study reveals the share of listings with a price cut in Charlotte sits around 15.4 percent. The median home value in the Charlotte, North Carolina metro area is $209,800 and the median listing price per square foot is $135. Furthermore, home values in the area have increased by 7.7 percent since June 2018.
All of this points to one thing. A fantastic opportunity for first-time homebuyers. One look at the MLS and you’ll see there are many great deals to be had in Charlotte. Here is one that caught our eye.
Situated on Trailing Rock Drive, this stately brick beauty has a lot to love. With four-bedrooms, two-and-one-half-bathrooms, plus a fabulous screened-in porch, it’s perfect for first-time homebuyers. The lovingly maintained home comes complete with gorgeous wood floors, new interior paint, and a light-filled kitchen with new granite and stainless steel appliances. Of course classic features like a towering brick fireplace and oversized master suite add to the appeal.
It’s also conveniently located near the Discovery Place Science Museum, U.S. National Whitewater Center, and The NASCAR Hall of Fame, making it great for growing families and couples alike. Residents of the Coulwood West neighborhood attribute it’s friendly neighbors, well-kept lots, and close proximity to downtown as major perks of living here.
Derek Dickson with Offerpad Brokerage Llc has listed 620 Trailing Rock Drive, Charlotte, North Carolina for $257,900.