Home News Viral kitchen-less Charlotte home sells $15K above asking

Viral kitchen-less Charlotte home sells $15K above asking

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Charlotte, NC (Charlotte, NC)AXIOS)- this 968 square foot bungalow It was recently sold in western Charlotte for $ 265,000.

what’s happening: 2 beds, 1 bath in 3020 Rush Avenue. — A name that fits the number of offers we imagined to receive — For each listing agent, we received only three offers. Cindy Ferguson..

Important reason: The High demand When Low inventory In the city, the initial $ 250,000 asking price for a home means it’s virtually unheard of. It closed 20 days after it hit the market.

  • Yes, but: There are pitfalls. A lovely house sold without a kitchen.

What they are saying: Buyer, Brooke Harrellson Tell Axios that the owner is excited to come across this house.

  • “My client was very excited to find a brick house in his beloved neighborhood, especially because he had the opportunity to design a new kitchen,” Harrellson said.

»Related: Charlotte apartment renters facing a surge in renewal prices

atmosphere: The lack of a kitchen can be a big problem for most people, but buyers didn’t consider it an obstacle given the potential.

  • Make a kitchen The range from zero ranges from $ 5,000 to $ 125,000.
  • In addition, the lush landscaping that leads to the house creates a fascinating mood. The wooden ceilings and beams in the living and dining rooms add personality to the home.
  • “Buyer not only customizes the kitchen, but also updates the landscaping to maximize the potential of the home,” says Harrellson.

Zoom out: The average listing price for an Enderly Park home is $ 521,600 per person. realtor.com..

  • The estimated mortgage payment for this house is $ 1,278. average The 943 sq ft uptown rent is $ 1,559.

Big picture: West Charlotte Change rapidlyRaises concerns about gentrification.

  • Enderly Park is one of the fastest gentrification districts in the city. Charlotte ObserverDue to rising housing costs, many of the original black residents in the neighborhood have been displaced.
  • The outlook is 0.34 acres of land (Kitchen is not included) At Enderly Park It costs you $ 795K..

Conclusion: For better or for worse, with a little spruce, this bungalow can reach the value of a home that matches those of a rapidly changing neighborhood.

Look inside.

Photo: Courtesy of Cindy Ferguson

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