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One Listing Shows Just How Outrageous The Charlotte Housing Market Really Is

Author Melanie Day

Want to make someone angry? Just say Charlotte housing market. Trying to buy a home in Charlotte is frustrating, depressing, and a reality check all in one. And nothing demonstrates this more than a recent listing on Zillow. The home which is located at 1301 N Caldwell Street is currently listed at $530,000. And it’s in less than stellar condition.

According to the listing it is 3 bedrooms and 2 baths and just over 1100 square feet. But it seems it is being sold as a tear down for someone else to rebuild on the lot. And the location is good- just a hop skip and a jump from Optimist Hall. It’s also a corner lot which increase the value as well. Though it’s only on 11 tenths of an acre so you aren’t getting a lot of space to work with for that price tag.

There are no pictures of the interior of the home, which leads me to believe it is not in great condition. More than half a million dollars should get you a nice home. At least one would think. Instead in this market it will get you the land to buy your nice home on (after you pay to demo the existing property).

You can see the listing below. It appears to have been on the market for about 6 days this time around. Though it was previously listed at $550,000 in July, lowered to $530,000 in August, and taken off the market in December. Good for your Charlotte for not giving into this. Zillow says that the home was last purchased in 1987 for $29,000.Yeah that makes me sick. Absolutely sick. To everyone else out there like me trying to buy in the Charlotte housing market- good luck, it’s brutal and unaffordable and I wish I could offer any good news for you.

 

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This Is Where The Money Is - The Richest Cities And Towns In North Carolina

What are the richest cities and towns in North Carolina? There is a lot of money in the state between the major cities, the mountains, the coast, and in between. The financial experts at Forbes recently conducted an analysis to determine the richest places in the state of North Carolina.  To do this they looked at over 400 cities aka census-designated places in NC. Cities were ranked on four metrics including median household income, mean household income, median home value, and median property taxes paid.

So which cities made the cut? There are several cities that are around a major lake. As well as some on the coast and the mountains in the top 5. Below you’ll find detailed info about each of the top 5 cities and towns that are the richest places in North Carolina in 2023 according to Forbes. You’ll also find info on the other cities that made the top 50 list that are in the vicinity of Charlotte.

If you live in any of these cities and towns and have some extra cash to share just let me know! Looking for more detailed information? You can get that directly from Forbes and can read more here.

Curious about the richest cities in South Carolina? You can find those here (hint it’s a lot of coastal towns)

Melanie Day is a graduate of North Carolina State University. She has worked for Beasley since 2012 in a variety of behind-the-scenes roles in both digital and promotions. Melanie writes about a diverse range of topics some of her favorites include travel, restaurants, Taylor Swift, and college athletics. When not at work you'll find her at a country concert or NC State sporting event.

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