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Old 04-26-2007, 05:36 AM
 
Location: Matthews, NC
14,688 posts, read 26,526,846 times
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Does anyone know why there are so many houses on Amir Circle in Matthews that are for sale?

They look like fairly nice houses and are cheap even by NC standards but I am wary of this subdivision since there are 8 houses on the same block that are for sale.
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Old 04-26-2007, 06:54 AM
 
Location: Up above the world so high!
45,218 posts, read 100,421,908 times
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Quote:
Originally Posted by bs13690 View Post
Does anyone know why there are so many houses on Amir Circle in Matthews that are for sale?

They look like fairly nice houses and are cheap even by NC standards but I am wary of this subdivision since there are 8 houses on the same block that are for sale.
They do show well in pictures on the internet, I know. This neighborhood is right near a group of Habitat for Humanity Homes. Basically there are lower income people there. Not trying to offend anyone, but for middle class folks looking for a home that will get the most in appreciation over time it just is not the best choice. Not to mention, the homes are tiny and right on top of each other, so close they should be townhomes.
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Old 04-26-2007, 12:12 PM
 
Location: Asheville, NC
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A bunch of them for sale at once does raise a red flag, though. Have you Charlotte-area folks seen anything in the news?
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Old 04-26-2007, 12:53 PM
 
Location: Up above the world so high!
45,218 posts, read 100,421,908 times
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Originally Posted by cooperwx View Post
A bunch of them for sale at once does raise a red flag, though. Have you Charlotte-area folks seen anything in the news?
My best guess is that these are home buyers caught in the subprime debacle - they should never have been allowed to buy in the first place and now must unload this debt.
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Old 05-18-2007, 01:35 PM
 
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Default Crestdale Crossing

Having knowledge of the neigborhood I know that at least three of those houses are for sale due to the fact that they are all owners that moved in about 4 to 5 years ago when the development was being established. These homes usually tend to be good starter homes and after 4 years it is common to see families grow and upgrade or to see single owners move on to a bigger location.
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Old 05-18-2007, 02:30 PM
 
Location: South Charlotte
1,435 posts, read 5,751,257 times
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There are typically 3 to 4 ACTIVE foreclosures for sale in this neighborhood.
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Old 05-19-2007, 07:19 AM
 
Location: Charlotte, home of the NY/NJ refugees
1,384 posts, read 1,897,463 times
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I was wondering about that neighborhood as well. It looks so cute on the internet.

They are building Habitat homes near Oakhurst in Cornelius, too. I don't know what, if anything, that will do to property values....any thoughts?
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Old 05-19-2007, 02:14 PM
 
Location: Cornelius
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Prices in Oakhurst have been steady climbing. It really has zero to none from what I have seen
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Old 05-19-2007, 11:13 PM
 
Location: Charlotte
113 posts, read 455,888 times
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I wonder the same thing. Nice homes, great location. Well there are thoughts that Dan Moser' appraizers were too eager to give mortgages to just about every Tom Dick and harry but this commuty is back finally Now. all that could be forecolesed is foreclosed, hopefully there is no more. it's time for real homeowners to move in and they will, before school starts.
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Old 05-29-2007, 09:09 AM
 
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Default Crestdale Crossing

It's also *way* close to railroad tracks that are near 2 crossings, so that means loud train horns all...night....long.

And I mean really close - some of the yards are right at the berms to the tracks!

Sorry!
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