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Old 06-16-2009, 09:51 PM
 
14 posts, read 37,813 times
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I was wondering if anyone thinks this is a good deal or not. I am considering putting an offer in Pineville in the Danby subdivision. It is a 3 bedroom, 2 bathroom, 1,428 square feet home and priced at $147,000. I think its too much especially with no updates and the roof being 21 years old. I fell in love with the neighborhood and the fact the house needs updates I figures offering around $133,000. My hubby wants to pass because of the price--overpriced and we could properly find something cheaper. Is this a good price in this area?
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Old 06-17-2009, 05:29 AM
 
1,547 posts, read 2,176,644 times
Reputation: 1400
Quote:
Originally Posted by cool_roz View Post
I was wondering if anyone thinks this is a good deal or not. I am considering putting an offer in Pineville in the Danby subdivision. It is a 3 bedroom, 2 bathroom, 1,428 square feet home and priced at $147,000. I think its too much especially with no updates and the roof being 21 years old. I fell in love with the neighborhood and the fact the house needs updates I figures offering around $133,000. My hubby wants to pass because of the price--overpriced and we could properly find something cheaper. Is this a good price in this area?
I bought a new home there many moons ago from John Crosland Co. $69,000 and liked it and the location. The HOA never came together and I'll bet it still does not exist today (check on this) People were doing whatever they pleased - paint colors, additions, sheds, you name it. Resale equity was poor and would bet it still is. $147 seems high based on the age of the homes. Many problems with slab plumbing, and you will need new roofs soon. Good location. Ooops some are in SC, so check on this too for police and fire.
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Old 06-17-2009, 07:34 AM
 
148 posts, read 372,400 times
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I would suggest the folowing
Just come down on Lancaster South a mile , make a left on Providence rd west and rt on marvin. A new neighbourhood called Oakbrooks with advantages of CMS schools and Ballantyne area.Competitive pricing
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Old 06-17-2009, 11:17 AM
 
Location: Charlotte, NC
716 posts, read 1,913,003 times
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Rusty, the houses in Oakbrooke start around $200K. Sounds like the OP is looking for something less expensive...
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Old 06-17-2009, 11:58 AM
 
Location: Up above the world so high!
45,269 posts, read 88,588,589 times
Reputation: 39866
Quote:
Originally Posted by cool_roz View Post
I was wondering if anyone thinks this is a good deal or not. I am considering putting an offer in Pineville in the Danby subdivision. It is a 3 bedroom, 2 bathroom, 1,428 square feet home and priced at $147,000. I think its too much especially with no updates and the roof being 21 years old. I fell in love with the neighborhood and the fact the house needs updates I figures offering around $133,000. My hubby wants to pass because of the price--overpriced and we could properly find something cheaper. Is this a good price in this area?
Danby has always sold well - it's one of the few good neighborhoods in south Charlotte where you can still buy under $200,000.

What is your realtor saying about the price based on the comps? My hunch is that it is somewhat overpriced, but not as much a you think it is. Ask them to put on a new roof, they probably know they have to do this and are just crossing their fingers no one will ask.
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Old 06-17-2009, 12:40 PM
 
Location: Concord, NC
30 posts, read 97,641 times
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Originally Posted by lovesMountains View Post
Danby has always sold well - it's one of the few good neighborhoods in south Charlotte where you can still buy under $200,000.

What is your realtor saying about the price based on the comps? My hunch is that it is somewhat overpriced, but not as much a you think it is. Ask them to put on a new roof, they probably know they have to do this and are just crossing their fingers no one will ask.

Not to be bashing certains areas... but is there a reason to want to live down in the Pineville area? Everytime I go there (mainly for a few good restaurants and Carolina Place Mall), the traffic is horrendous (from dealing with I485 down there to the roads around the mall)... I would completely avoid that area, south charlotte/ballantyne and also huntersville / cornelius for similar problems that I have observed.
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Old 06-17-2009, 12:43 PM
 
Location: South Charlotte
1,435 posts, read 5,230,505 times
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It's not in downtown Pineville. It's almost out of Pineville actually and part of it is in SC.
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Old 06-17-2009, 04:23 PM
 
2,152 posts, read 6,069,703 times
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Quote:
Originally Posted by rustygupta View Post
I would suggest the folowing
Just come down on Lancaster South a mile , make a left on Providence rd west and rt on marvin. A new neighbourhood called Oakbrooks with advantages of CMS schools and Ballantyne area.Competitive pricing
Portrait Homes community. They seem to have bailed out on all of the developments, so you wouldn't get any support from the builder.
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Old 06-20-2009, 10:30 AM
 
14 posts, read 37,813 times
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Default Thanks

Thanks for everyone's comments. We are now under contract for $130,000 with the inspection of 6/22.
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Old 06-20-2009, 11:25 AM
 
Location: State of Being
35,885 posts, read 67,199,962 times
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Quote:
Originally Posted by cool_roz View Post
Thanks for everyone's comments. We are now under contract for $130,000 with the inspection of 6/22.
That is awesome!

Let us know how it goes. You got a good buy, in my opinion.
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