Great Starter Community

Starter Home Neighborhood in Charlotte

 

 

 

Welcome to Madison Park neighborhood in Charlotte NC. This is a thriving and on the “radar”, for a great starter home community. Located between South Blvd and Park Road, this area has scene and abundance of growth. Lots of development in the area has made this neighborhood conveniently located to great shopping, restaurants, nightlife, and very quick and easy access to   I-77. This community is known for its 3 -4 bedroom ranch – split style floor plans.  The majority of the homes were constructed in the late 1950’s and was one of Charlotte’s post WWII modern neighborhoods.

Madison Park

 

 

 

Most of the homes do not offer a garage but car ports instead.  If you are looking to get into a strong and suitable home in the mid to upper $200,000’s this would be the place to start.  Keep in mind that some of these homes are outdated and will need updating but the good news is that a lot of renovations have been taking place and really making that curb appeal and functionality of the homes stand out. Most of the homes original features offer hardwood flooring fireplaces, and pretty spacious yards. Yes, there are the negatives; lack of closets, lack of multi bathrooms, and storage.  Don’t let that turn you away from this thriving little hot spot. Being so close to the

South Park

and Park Road shopping center, Madison Park is really right in the perfect area of Charlotte.  

 

 

Home Values in Charlotte NC

 

 

2 years ago I purchased a home there and within just a few months turned the home into a beautiful updated home for just under $12,000; yes this seems like a lot of money but since home values have held fairly in Madison Park the improvements have certainly helped its value and will mostly likely make it an easy sell when the time comes.  If you work in Uptown and can’t stand sitting in traffic, don’t worry the light rail is located just a few blocks from Madison Park. Having the Light Rail close to this beautiful neighborhood just adds to the amenities Madison Park has to offer.  There are currently 28 homes for sale in Madison Park which to say the least is not a lot of homes on the market given the boom this neighborhood has had. The average asking price for homes in Madison Park right now is $257,548 and offer 1,500 – 1900 sq ft.   The total days the homes stay on the market for are 88.  Since January 1, 2009 there have been 3 sold homes in Madison Park.  If you are interested in learning more about Madison Park please contact The Lamb Group.