Embrace Spacious Living in this 5 Bedroom home with Versatility and Charm at 49 Patrick Ave Concord NC $429,000
Are you in search of a place where spaciousness meets versatility? Look no further than this expansive 5-bedroom residence nestled against a picturesque field, offering a serene backdrop for everyday living. From the moment you step through the door, you'll be captivated by the charm and potential that this home has to offer. Listed at $424,900 with 2859 square feet of living space. This home has the most square feet and largest yard then any other home in the area. And did I mention there is no HOA? Along with the sellers offering $5,000 towards the buyers closing costs with an acceptable offer. Let's start with the heart of the home—the kitchen. Boasting an updated backsplash and additional cabinets for ample pantry and storage space, it's the perfect blend of style and functionality. Whether you're whipping up a gourmet meal or simply enjoying your morning coffee, this kitchen sets the stage for culinary creativity. And the back deck off the kitchen is where I would sit with my coffee in the morning enjoying the quiet scenery. And mabye a margarita in the evening. Just sitting outside and enjoying the quiet tranquility and listening to the birds sign to each other. As you make your way through the residence, you'll discover the primary bedroom on the second floor, a true oasis of spaciousness. With tray ceilings and its own ensuite bathroom and walk in closet. This retreat is designed for relaxation. Three additional bedrooms complete the second level, offering plenty of space for family and guests alike. But perhaps one of the most exciting features of this home is the fourth bedroom—a versatile space that can be easily adapted to suit your lifestyle. Whether you're in need of a bonus room, a home office, or a playroom for the kids, the possibilities are endless. And let's not forget about the basement. With its flexible layout, this area of the home is a blank canvas just waiting to be transformed. Whether you envision an in-law suite, a home gym, or a cozy entertainment space, the choice is yours. The only limit is your imagination. Outside, a large backyard awaits, providing the perfect space for outdoor entertaining or simply soaking up the sun on a lazy afternoon. And with the convenience of no HOA, you'll have the freedom to make this space your own. Last but not least, the large garage not only accommodates your vehicles but also provides additional room for storage and organization—a feature that's sure to be appreciated by homeowners of all kinds. In conclusion, this 5-bedroom residence offers the perfect blend of space, versatility, and charm. Whether you're looking for room to grow, space to entertain, or simply a place to call home, this property has it all. Don't miss your chance to embrace the spaciousness and versatility of this remarkable residence. Schedule a showing today and experience it for yourself!
The War On Housing Part 1
This week, I've decided to expand our usual feature of House of the Week to include a broader discussion on our local housing market. It's imperative to acknowledge and address the obstacles faced by buyers, particularly first-timers, amidst the persistent housing shortage that has gained significant attention in recent years. Charlotte's consistent ranking among the top 10 destinations for relocation has propelled demand and subsequently inflated home values. However, the issue surpasses mere inventory shortages. Over the years, various factors have contributed to the escalating cost of housing and its diminishing affordability. A prominent factor influencing housing costs in Charlotte over the past decade has been the influx of investors. These range from individual property owners seeking supplemental income for retirement or college expenses to larger corporations and hedge funds capitalizing on the housing market. Of particular concern are major corporations and investment firms that have been acquiring single-family homes since around 2008, with their presence increasing over time. The list of these entities can be extensive, with names like Progress Residential, Invitation Homes, Tricon Residential, and Yamasa dominating public records. The scale of their acquisitions is staggering, with estimates suggesting thousands of homes in the Carolinas are now owned by these entities. According to a 2022 Redfin article, investors bought nearly a third of all homes sold in the first quarter, a trend that has likely intensified since then. This trend has profound implications for local communities. An increasing number of homes are being purchased by these entities, leaving fewer options for traditional homebuyers. Sellers, understandably seeking the highest offers, often find it difficult to refuse lucrative deals from investors, even if they distort market prices. For instance, back in 2021, a ranch-style single-family home in Concord listed at $300,000 was swiftly snapped up by an iBuyer program for $350,000 within two weeks. While this may seem like a windfall for the seller, it underscores the challenges facing average homebuyers who simply can't compete with the financial resources of these companies. As these investors continue to push price points higher, many first-time buyers find themselves priced out of the market, regardless of prevailing interest rates. The impact extends across the region, from Mecklenburg and Cabarrus to York and Union counties, and beyond. This isn't just a Charlotte or Raleigh issue; it's affecting areas nationwide where relocation trends are high. The proposed End Hedge Fund Control of American Homes Act, aiming to mandate the divestment of single-family homes from hedge funds over a ten-year period, highlights the need for legislative intervention. However, the passage of such a bill remains uncertain, and the Department of Housing's apparent inaction raises questions about its role in addressing this crisis. Addressing this issue demands a multifaceted approach involving stakeholders from government, real estate, and community organizations. Striking a balance between the rights of sellers and the imperative to preserve housing affordability for all residents is crucial. Only through concerted efforts can we hope to create a housing market that is more equitable, ensuring access for all, not just those with deep pockets. The urgency of the housing crisis has been evident for years, and the time for action is now. Failure to address these issues risks exacerbating housing inequality and perpetuating financial instability for generations to come.
Charlotte House of the Week #127:Lakeside Oasis in Fort Mill
This week exemplified the inherent limitations of relying solely on online imagery when assessing a property. While photographs offer a glimpse, there's no substitute for experiencing a home in person. It allows for a deeper understanding of its unique features, the surrounding area, and the layout, which may not be fully captured in pictures. Even with a multitude of images, crucial details can be missed. However, for those considering relocation, online images serve as a starting point for comparison, providing a baseline for what to expect. Earlier this week we were fortunate to be able to attend a meeting hosted by Joy Kiser at Wow Video Tours for a Lakefront Estate in Fort Mill on Lake Wylie. Thankfully, we arrived in time before the weather shifted, granting us the invaluable opportunity to explore the waterfront and exterior firsthand. Taking in as much as we could of the outside of the home before the sky opened up and poured. This particular lake front while it gently sloped to the waterfront had a flatter more usable lot. Offering almost 3 full acres which is unheard of now adays on any lake front property. The driveway took absorbed most of the hill, which also helps keep it secluded and tucked away from the street. Offering more privacy and a buffer of pulling the house down and away from the road. As most lakefront homes can be hilly or sloped, by being situated this way it made the lot more usable. Id also like to note for this meeting we had a pretty good sized group there and even still there was enough room for the cars to park in the driveway and not block each other in. Along with the house having over 10,000 square feet to explore we didn't feel crowded as everyone took in their time touring the home. Growing up on a lake I'm definately a lake lover first and foremost. I do love the ocean, the quietness of the mountains but with growing up on a freshwater lake this home takes me back to many childhood memories of living the lake life. I will forever be a wee bit biased of lake life as its pretty spectactular to leave by boat go out and enjoy the water and the wind as the boat excellerates. Taking the boat out to putt around and enjoy a sunset. Or taking the boat out to waterski and take the family tubing. It just never gets old being able to hit the water and when your done pull back up to your back door and dock ones boat. At this property the dock itself consisted of a two level deck with room for two boats and multiple jet skis. And on that top deck over the boat is plenty of room to enjoy the water view. What a spot it was. I could easily see it being used to enjoy a book and a cup of coffee. Or watch the sun go down with a margarita in hand. If you preferred to be closer to the house, there was plenty of patio space, a deck that went the length of the house and primary bedroom balcony to enjoy as well. Inside the house, we took our time to thoroughly explore every corner. Given the expansive size, we traversed through multiple times to grasp the flow of the space and understand how it all interconnected. There was an abundance of details to absorb, making multiple walkthroughs essential. Regardless of the size of the property, revisiting is always recommended as it allows you to notice things that may have been missed initially. My personal highlight of the house was undoubtedly the original A-frame architecture, lending the living room a distinctive charm while offering stunning waterfront views. The soaring wooden ceilings created a captivating view, quickly establishing it as a favored retreat within the home. Across from the main stairway, we discovered the Primary bedroom, a sprawling 30x19-foot sanctuary. It boasted not one, but two separate bathrooms and two expansive walk-in closets, one of which extended along the length of the house. Three full-length double doors flooded the space with natural light and provided access to the balcony, offering uninterrupted waterfront vistas throughout the day. The main floor encompasses an impressive 3,798 square feet of living space, complemented by a generous 706 square foot garage. Upon entering through the double doors, guests are greeted by an elegant staircase leading to the second floor and descending to the sizable basement. Designed with hosting and entertainment in mind, the main level features a spacious dining room at the entrance, as well as an expansive great room that seamlessly connects to the back deck spanning the length of the house. A grand fireplace serves as a focal point, gracefully dividing the space from the entrance hallway. Flowing effortlessly from the great room is the well-appointed kitchen and pantry, accompanied by a stunning sunroom boasting glass atrium ceilings. Each room offers captivating views of the water, with even the laundry room providing a picturesque waterview. Amidst the sprawling open living spaces, tucked beside the staircase lies the original house, a treasure trove of separate living quarters boasting its own living room and kitchen. Intrigued, we ventured further, discovering stairs leading to the basement, a hidden gem waiting to be explored. Descending into the depths below, we were met with another 3,431 square feet of potential. Crossing into the family room, we were greeted by a flood of natural light streaming in through four large double windows, each adorned with a generous transom window. Even on a rainy day, the home was bathed in warmth and brightness. The family room seamlessly flowed into a patio stretching the entire length of the house, nestled beneath the deck above. Continuing our journey, we found ourselves in a rec room, perfect for gatherings and entertainment. Nearby, a bedroom and bathroom awaited, offering both comfort and convenience. Yet, the true pièce de résistance awaited us: tucked away behind thea utility room leading to a temperature-controlled wine cellar, capable of housing a staggering 8,000 bottles of wine. Not too shabby! As we stood in awe of this remarkable space, it became evident that this home was truly a haven of luxury and indulgence. And yet, there's more to discover. Tucked away at the back of the property lies a four-bay garage/workshop, offering an additional 1,890 square feet of space for your boats, toys, RV, or even a personal workshop. The possibilities are endless. As our exploration draws to a close, it's clear that words alone cannot capture the sheer magnificence of this 10,000 square foot, 6-bedroom, 7 1/2-bath home. fom its spacious living areas to its meticulously designed features, every detail speaks to a life of luxury and comfort. Our time spent here, immersed in the beauty of this lakefront sanctuary, has been nothing short of unforgettable. Listed for $3,450,000 by George and Paige Boykin at Boykin Property Group, this remarkable home awaits its next fortunate owner, ready to embark on a journey of lakeside luxury. Discover the breathtaking beauty of our latest featured home by exploring our exclusive videos, now available on social media platforms under the hashtag #127. These captivating visuals provide an immersive glimpse into the splendor of this remarkable property, allowing you to experience its charm from the comfort of your own screen. For those in search of their dream home in the Charlotte area, look no further than CharlotteHouseoftheWeek.com. Our website offers direct access to the MLS, ensuring you have access to the most accurate and up-to-date information available. Start your journey towards finding the perfect home today!
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