Chatham County News
Last Monday the Chapel Hill Board of Realtors organized an all day bus tour for the Chapel Hill Realtors to see up close and personal what is happening in northern Chatham County. For months we had heard about the planned explosion of housing that was taking place out there but until you really see it in person, it is hard to imagine! In all we toured over 40 homesites that are in various stages of development all the way from completed to approved but not out of the ground yet and everything in between! We saw huge developments like Briar Chapel (2389 units planned), Chapel Ridge (700 lots), Powell Place (910 units planned), The Legacy at Jordon Lake (475 lots) and The Preserve at Jordon Lake (475 total homes). We also saw alot of medium sized ones which included Cottages at Stonegate, Cedar Grove, Cedar Mount, Cattail Creek, The Bluffs, Henry's Ridge - the list goes on and on. What impressed me most is the size and price point of the homes being approved and built at the moment. There are gated communities, golf courses, spas, waterfalls - it's amazing! There are a few developments that start in the less expensive price range (the main one that comes to mind is Powell Place at the intersection of Hwy. 64 and 15-501 that has townhomes available under $200,000) but for the most part these homes start around $500,000 and go up and most GO UP! $800,000 seems to be the jump off point in many of them! I do want to point out that many of these have been approved contingent on the water supply problems being solved each step of the way. Therefore, if that is not under control, building will stop in many cases until that happens. The schools are working hard to keep up with this growth (www.chatham.K12.nc.us) and Woods Charter is expanding to provide a free public alternative to the present existing schools. Of course the little town of Pittsboro has all kinds of plans for expansion as does the entire area (please write me for lists of Bed and Breakfasts, Wineries, Dining, Shopping, etc.). Bottom line is, north Chatham is on the move and in a big way. I'd love to show you some of these developments in person if you're thinking about a move out there. The taxes are lower, lots are bigger - it's convenient to Chapel Hill, Raleigh and Durham. Check it out!
Saturday, April 28, 2007
Saturday, February 03, 2007
Living in the heart of RTP
DAVIS PARK
Each week I plan to highlight a new or existing community that you may or may not have heard of. This first one is a very special neighborhood that is barely out of the ground and I feel is a great investment opportunity that I want to share with you. First, this is the brainchild of East-West Builders – the same wonderful group that brought us Meadowmont Village in Chapel Hill/Durham. Like Meadowmont, a complete lifestyle is planned with small shops, restaurants and city parks. There will be bike paths, walking trails, tree-lined streets and, have I mentioned this – all in the heart of Research Triangle Park! Lofts, condos and rowhouses only ranging in price from a one-bedroom condo for $169,000 (1050 sq. ft.) up to over $400,000 for a rowhouse. The UNC Wellness Center has committed to build a 45,000 sq. ft. facility that is schedule to be finished in 18 months. Presently there are 8 condos for purchase (available for move-in estimated late May, 2007), one townhome complete ready to move in now with more coming in May and April and the lofts are slated to begin construction in May. The lofts have assigned parking and storage. First floor lofts can choose painted or stained cement floors and exposed cooling and heating ducts are an option for those who really want that loft look. Pricing for the lofts ranges from $189,900 to $388,000. There are a limited number of investment units and the rest are to be owner occupied for one year. Already there are homebuyers who work at BASF, Nortel, IBM, Credit Suisse and Fidelity Investments to name a few. I can’t promise the same incredible rise in equity that Meadowmont has seen over the last few years but this is a ground floor opportunity, in the heart of the Research Triangle! All units have granite countertops standard and are upscale in so many ways. To learn more about this remarkable community and how you can Live Life in the Park, just ask! I’d be glad to provide any information you might need because I bought one of these units for my daughter (and I can tell you, many of my realtor friends have also done the same which I think speaks for itself ). Don’t miss out on this and two or three years from now be saying, “Why didn’t I do that in the beginning?”
DAVIS PARK
Each week I plan to highlight a new or existing community that you may or may not have heard of. This first one is a very special neighborhood that is barely out of the ground and I feel is a great investment opportunity that I want to share with you. First, this is the brainchild of East-West Builders – the same wonderful group that brought us Meadowmont Village in Chapel Hill/Durham. Like Meadowmont, a complete lifestyle is planned with small shops, restaurants and city parks. There will be bike paths, walking trails, tree-lined streets and, have I mentioned this – all in the heart of Research Triangle Park! Lofts, condos and rowhouses only ranging in price from a one-bedroom condo for $169,000 (1050 sq. ft.) up to over $400,000 for a rowhouse. The UNC Wellness Center has committed to build a 45,000 sq. ft. facility that is schedule to be finished in 18 months. Presently there are 8 condos for purchase (available for move-in estimated late May, 2007), one townhome complete ready to move in now with more coming in May and April and the lofts are slated to begin construction in May. The lofts have assigned parking and storage. First floor lofts can choose painted or stained cement floors and exposed cooling and heating ducts are an option for those who really want that loft look. Pricing for the lofts ranges from $189,900 to $388,000. There are a limited number of investment units and the rest are to be owner occupied for one year. Already there are homebuyers who work at BASF, Nortel, IBM, Credit Suisse and Fidelity Investments to name a few. I can’t promise the same incredible rise in equity that Meadowmont has seen over the last few years but this is a ground floor opportunity, in the heart of the Research Triangle! All units have granite countertops standard and are upscale in so many ways. To learn more about this remarkable community and how you can Live Life in the Park, just ask! I’d be glad to provide any information you might need because I bought one of these units for my daughter (and I can tell you, many of my realtor friends have also done the same which I think speaks for itself ). Don’t miss out on this and two or three years from now be saying, “Why didn’t I do that in the beginning?”
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