Marvin Creek Estate Home Community

Located in Waxhaw near I-485, the luxurious Marvin Creek community features single-family executive and estate homes. At Marvin Creek, your family can enjoy winding nature trails, tennis courts and a 6,500 square-foot clubhouse.

This beautiful family-oriented community offers an array of outstanding amenities, including a spectacular swim complex complete with a beach front pool, lazy river, and geyser park.

Marvin Creek is conveniently located to many of South Charlotte’s best amenities. Ballantyne, Stonecrest, and Blakeney Greens are all just a few minutes away. Beautiful parks with lakes and creeks, challenging public and private golf courses, and fine dining and entertainment are also nearby.

Simplifying the Home Buyer Tax Credit

Earlier this month President Obama signed a bill extending the first time home buyers $8,000 tax rebate. Included in that bill is an expansion of the original plan to include existing homeowners. The expansion provides a $6,500 tax rebate for qualified buyers who already own their home. Both tax credits will be in effect until April 30, 2010. These provisions offer a tremendous opportunity for first time home buyers and certain existing homeowners to buy a home before the April deadline.

“The only thing I would say is that if history teaches us any lessons we should move forward sooner rather than later,” says Mark Sauers, Assistant Vice President with Sun Trust Mortgage. “April 30 will be here before we know it. I really do not expect any further extensions beyond this.”

Monteith Park, Huntersville

Monteith Park is a master-planned Saussy Burbank community in Huntersville just 13 miles north of uptown Charlotte. Monteith Park blends charm and character with architectural design to create a community known for its graceful front porches and wide-open spaces. The neighborhood gives the nostalgic feel of a bygone era of the early 1900’s.

At the heart of this pedestrian-friendly community is a 30-acre network of parks, walking trails, bike paths and picnic areas. Monteith Park residents also enjoy a clubhouse, a junior Olympic size pool, waterslide, a children’s wading pool and a playground.

October Real Estate Report

Listed below is the residential real estate market summary for the Charlotte area for the period October 6, 2009 through November 5, 2009:

Sold: 2,210; avg. LP $218,050; avg. SP $196,204; %LP/SP 90.02%

New Listings: 4,863; avg. price $259,794

Under Contract: 2,400; avg. price $217,013

Withdrawn: 1,899; avg. price $341,375

Expired Listings: 1,610; avg. price $343,767

Active Listings: 23,850; avg. price $312,647

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The number of homes sold during the month of October increased 13.4% compared to September and 19.6% above the level of home sales for October a year ago. The average selling price for the month decreased 0.3% from prior month, but was down 9.5% from a year ago. The first time homebuyer tax credit has been effective in stimulating local home sales and the market prices seems to have leveled off for now.

$150,000 Price Reduction in Springfield!

The best new home value in Springfield is now aggressively priced at $649,900, a $150,000 reduction in the original price. With over 4,300 square feet of living space, there is plenty of room for everyone in this great Evans Coghill home. Located in beautful Springfield, Fort Mill’s premier golf community, on a home site that adjoins an undisturbed wooded buffer, you will enjoy the privacy of your rear porch and room in this home.

Taylor Glenn, Popular Indian Trail Location

Taylor Glenn, located in popular Indian Trail, offers a family-oriented environment with lighted streets and sidewalks on both sides of the streets. The neighborhood amenities include two playgrounds, lighted tennis courts, a soccer field, a kiddie pool, and an Olympic size pool with a lifeguard.

The Taylor Glenn Community has nearly 400 homes which includes a small section of townhomes. The single family detached homes are mostly 2 story with a few ranches and 1/5 story, and range in size from 1800 to 3500 square feet with three to five bedroom floor plans. Pricing ranges from the high $100,000’s to the high $200,000’s and would fit the budget of the first time home buyer or the those wishing to move up in price or location from an existing home.

The Reserve at Gold Hill

The Reserve at Gold Hill boasts an excellent location, a million dollar amenity complex with swimming pool, clubhouse, and multi-court airnasium.

Located just off I-77 at the Gold Hill Road exit, this wonderful neighborhood lies within the highly sought after Fort Mill School district. Getting to Charlotte, nearby Lake Wylie, Carowinds, or to the airport is a snap. You’re also close to Baxter Village with all of the shopping and restaurants that it has to offer. Several golf courses are located nearby, as well as Charlotte Knights Baseball Stadium which is almost right across the street.

Homebuyer Tax Credit Set to be Extended and Expanded!

Earlier this week, the U.S. Senate unanimously passed an extension and expansion of the homebuyer tax credit. This morning, the House of Representatives approved the agreement reached in the Senate by a vote of 403-12. The bill has now passed both chambers and is awaiting the President’s signature, which could be as early as tomorrow!

Below is a summary of the new modifications in the extension and expansion of the tax credit:

1) The $8,000 tax credit will be extended and available for first-time purchases before May 1, 2010.

2) A new $6,500 tax credit will be available for repeat buyers who purchase between December 1, 2009, and May 1, 2010. To qualify for this provision, buyers must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.

3) Prospective purchasers with binding contracts in place as of April 30, 2010, will be allowed an additional 60 days to complete the transaction.

4) Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.

The time could not be better to buy your first home now that prices and interest rates are still down. Consult your Realtor for more details on how to take advantage of this golden opportunity.

Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

Charming West Charlotte Ranch – $124,900

Here is a beautiful 3 bedroom, 2 bath ranch in a growing area of Charlotte. The Fairways at Pawtuckett neighborhood is close to I-485, the awesome Northlake Mall area, as well as U.S. National Whitewater Center. Also nearby, you have schools, churches, and more.

This wonderful home features an open floor plan, and has recently been remodeled with new HVAC, new appliances, and hardwood floors. The house is situated on a large cul-de-sac lot with a level, fenced backyard with optional dog kennel and plenty of room for the kids to romp around. The exterior is maintenance free vinyl siding and trim, so no more painting!. It has a 2 car garage with opener and remote. A washer and dryer are also included in the sale. Agent/owner

Elementary School: Pawtuckett
Middle School: Coulwood
High School: West Mecklenburg

Click here for more information about this home including inside photos and locator map.

Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net.

South Charlotte’s Edinburgh Community

Edinburgh is a community of 137 single-family homes located in the southernmost corner of Charlotte on Providence Road West between Johnston Road (Hwy 521) and Lancaster Highway – just 2 miles from I-485 and a 20 minute drive to Uptown Charlotte.

Edinburgh is only minutes from great shopping: Ballantyne Commons, Carolina Place Mall, Stonecrest, and Blakeney are only a short drive away.