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Yesterday, I was driving through looking at the townhouses in Keystone Park and I noticed there are a lot for sale. On the main road with the townhouses there are 8 for sale. I saw quite a few houses for sale in the neighborhood too.
Does anyone know why there are so many townhouses for sale? I saw the thread about the work being done on Church St. I am wondering if that's the issue and how bad it will be. If anyone knows let me know.
Also, I work in RTP and I am looking for a house or townhouse within 20, maybe 25 minutes of work. I would appreciate any suggestions. Looking for something under $175k.
I have looked in Keystone as well recently, my thinking/opinion is that landlords are beginning to sell off property as the market is stronger and has shifted to a seller's market. Again, my opinion. I have been actively looking in Morrisville/Cary since April and have the same price range, although could go up to $200k, I want to be around the $175k/180k for a sfh or townhome. There is a high level of rentals in Keystone Crossing; especially on the townhome side.
You can check property records on the Durham County website to see for sure. This also helps to see if there are rental units around the unit you may be interested in. I'm not saying renters are bad, just know what's around you if you're going to invest in a townhome and spend that kind of money.
This is true for Brier Creek as well, but you would use the Wake County Government site to check out the property information.
Carpenter Village in Morrisville is worth checking out, but the HOA fees are high, if you would take advantage of all the amentities there it may be a good fit for you. I just looked at a unit there {165K} but the HOA is $187.00 monthly...too high for me as I would not use the pool, etc...public pools gross me out...anyways..LOL
Just my $0.02
Good Luck with your search. [Mod cut: Soliciting on behalf of an agent is not allowed.]
RTP is somewhat of a transient area. So there is some turnover. And the dearth of housing in RTP makes this a great location.
Great location for investors or homeowners who want to be close to work. Close to RDU. Close to 40 and 540.
Many of the homes date to 2007--2008 when Anderson was building, and that is a typical maturity date for a subdivision when original owners start to move on.
I sold a home in Keystone but it isn't on the main street. Clients are happy there.
I'd suggest you drive through Hamlet in the Park, Shiloh Grove, Twin Lakes. There are some new townhomes in Kitts Creek and across the street from Twin Lakes but I can't remember the price range.
Remember, if you are buying new, the onsite agent works for the builder so make sure you have your own agent with you. Your buyer's agent is paid by the builder/listing agent/seller.
Having lived in Keystone, I can say it is a nice neighborhood. It is a good investment area for investors, because folks like the location. You can get most places in the triangle pretty quick with 40 and 540 close by, and it is cheaper per sq foot than nearby Wake Co communities.
Feel free to message me if you have specific questions.
The main road, Keystone Park Drive, is going to connect with Hopson Road long term when the split from 54 to Church with a railroad crossing it is closed off. I suspect that this may factor into this.
The main road, Keystone Park Drive, is going to connect with Hopson Road long term when the split from 54 to Church with a railroad crossing it is closed off. I suspect that this may factor into this.
I don't know how much that would have to do with it since that was made clear to everyone before building. That is the reason my clients purchased on a different street.
I don't know how much that would have to do with it since that was made clear to everyone before building. That is the reason my clients purchased on a different street.
Vicki
A new buyer may not be made aware of this fact prior to a purchase.
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