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NORTH CAROLINARESIDENTIAL REAL ESTATE MARKET RESEARCH
Prepared by Jose Caba, MSIRE
Table of Content
Report Disclaimer Crime Rate
School Grade
by Zip Code
Apartment
Floor Plans &
Presentation
Police Departments
Fire Departments
Urgent Care &
General Hospitals
Comparative
Analysis
Chapter 42
Information &
Leasing Documents
The focus of this analysis is to inform readers on factors related to the Charlotte, North Carolina
residential real estate market. The data in this report details factors to consider when seeking to
lease a rental property in this region. Further, the information is supported by government
agencies that are deemed reliable but not 100% accurate. Due to the current government
shutdown, chart and statistics found in this report may have a thirty-days delayed from their
last update. This analysis was created on January 11, 2019, and is the advised opinion of trained
professionals, further verification recommended.
Report Disclaimer
Crime Rate
Sources:
1. Zip Code 28217
2. Zip Code 28273
Crime Rate
Sources:
1. Crime Report
School Ranking
Zip Code 28217
Sources:
1. School Ranking
Nations Ford
Elementary School
PK-5
3 Stars
Metrolina Regional
Scholars' Academy
(Charter)
K-8
10 Stars
Waddell Language
Academy
K-8
10 Stars
Schools with better rankings
receive substantial contributions
from the government to continue
the betterment of those schools.
Also, local governments collect
higher taxes from residents
where schools with a higher
ranking are. Higher residential
taxes are important because it
indicated that residents living in
those areas bring home higher
incomes and have better jobs.
School Ranking
Zip Code 28273
Sources:
1. School Ranking
River Gate Elementary School K-5 -> 8 Stars
Math School 9-12 -> 8 Stars
Lake Wylie Elementary School PK-5 -> 6 Stars
Steele Creek Elementary School K-5 -> 5 Stars
Biotech School 6-8 -> 5 Stars
Kennedy Middle School 6-8 -> 5 Stars
Southwest Middle School 6-8 -> 5 Stars
Renaissance High School at Olympic
High School 9-12 -> 4 Stars
International Business & Communications Studies
at Olympic High School 9-12 -> 2 Stars
International Studies & Global Economics at
Olympic High School 9-12 -> 1 Stars
Tyvola Center
Sources:
1. Link to Site
625 Cameron Walk Ct. NC, 28217
794 Square Feet
Price Range: $1,010 - $1,300
Hideaway Lakes Luxury Apartments
Sources:
1. Link to Site
1825 Carrington Oaks Drive, NC 28273
ST. BOSWELL
697 Square Feet
Starting Price : $924
ST. ANDREWS
880 Square Feet
Starting Price: $964
ST. ANDREWS with Garage
880 Square Feet
Starting Price: N/A
Colonial Village South Tryon
Sources:
1. Link to Site
7601 Holliswood Court, NC 28217
872 Square Feet
Starting Price: $903 (first Floor Unit)
Stone Ridge Apartments (Greystar)
Sources:
1. Link to Site
8940 Camden Creek Lane, NC 28273
Windsor
763 Square Feet
Price: $929 - $1,136
York
824 - 867 Square Feet
Price: $989- $1,378
Whitehall Estates (Greystar)
Sources:
1. Link to Site
2400 Whitehall Estate Drive, NC 28273
Richmond
752 - 767 Square Feet
Price: $936 - $1,369
Augusta
803 - 818 Square Feet
Price: $1,016 - $1,501
Ansley Falls Homes (Banner)
Sources:
1. Link to Site
6310 Ansley Falls Dr, NC 28217
Piedmont – with Sunroom
724 Square Feet
Price: $960 - $1,205
Piedmont
624 Square Feet
Price: $955 - $1,105
Habersham
924 Square Feet
Price: N/A
Highland – with Sunroom
924 Square Feet
Price: N/A
Highland
826 Square Feet
Price: $990 - $1,235
Piedmont HC and Highland
HC Diagrams not available.
Comparative Analysis
Apartment Name Tyvola Center
Apartments
Hideaway Lake
Luxury Apartments
Colonial Village at
South Tryon (MAA)
Stone Ridge
Apartments
Whitehall Estates Ansley Falls
Apartments
Distance from work 7 Minutes – 3 Miles 6 Minutes – 2.1 Miles 6 Minutes – 1.2 Miles 9 Minutes – 2.0 Miles 5 Minutes – 1.1 miles 5 Minutes – 1.1 Miles
Rating 3.4 average rating,
A+ BBB
3.3 average rating 3.5 stars 3.6 average rating 3.7 average rating 3.7 average rating
Gated Community Yes Yes yes No No Yes
Square Feet 794 697 or 880 872 763 or 824 - 867 Augusta: 803 – 818
Richmond: 752 - 767
Varies
Desired price:
Price/Square feet
$1,200
$1.51/Sf
$924 or $964
$1.33/Sf or $1.10 /Sf
$938
$1.08/Sf
$1,136 or $1,378
$1.48/ Sf or $1.59/Sf
$1,041 - $1,056
$1,011
$/Sf Varies
$960 to $1,235
Washer & Dryer in the
apartment
Yes No – the hook up is
available and laundry
facility on site
Yes Yes Yes Yes
Walk-in Closet
In the Bedroom
Yes Yes Yes Yes Yes Yes
Gym Yes - Nice gym Yes – Very Small Gym Yes – Small Gym Yes - Small gym Yes – Nice Gym Yes – Nice Gym
Amenities Clubhouse, BBQ Grills,
Business Center, Gated
Entrance, Covered Parking,
Dog Park, Mail Center, Wifi
Café, Resort Swimming
Pool, Tennis Court, Green
Building, Garage, Car Care
Center, Garage Parking
Available
Resort Style Swimming
Pool, Grilling and Fire Pit
Area, Brand New Luxury
Clubhouse, Movie Theater
and Gameroom, Mini-Golf
Course, Fitness Center,
Onsite Playground area
and Barbecues,
Community Carwash,
Gated Access
Bark Park, Playground,
Pool, 24/hr Fitness Center,
Gated Community, Garage
Parking and for rent, Grill
area, Car Care with
Vacuum
Resort Inspired Pool with
Cabanas, Modern
Clubhouse with Kitchen,
Resident Business Center,
Fitness Center with Free
Weights, Outdoor Firepit
and Hammock Garden,
Playground, Car Care
Center and more..
Resort Style Pool, Modern
Farmhouse Clubhouse with
Kitchen, Resident Business
Center, Grilling Lounge
with Al Fresco, Dining
Area, Fitness Center with
Free Weights, Outdoor Fire
Pit and Hammock Garden
and more…
2 Saltwater pools, 2
sundecks, Car Care Center,
2 Fitness Centers, Pet
Friendly, Summer Kitchen,
Business Center, Dog Park,
Picnic area with Grilling
Station
Emergency Services
Police Department
Police	Station
2227	Westinghouse	
Blvd,	Charlotte,	NC	
28273
Tyvola Centre
Apartments
9 Minutes
Hideaway Lake
Luxury
Apartments
8 Minutes
Colonial
Village at
South Tryon
(MAA)
7 Minutes
Stone Ridge
Apartments
(Greystar)
4 Minutes
Whitehall
Estates
(Greystar)
9 Minutes
Ansley Falls
Apartment
Homes
(Banner)
10 Minutes
Police Department
2227 Westinghouse Blvd.
Charlotte, NC 28273
phone: 704-336-7800
fax: 704-583-6055
Captain Rob Dance
704-336-7651
rdance@cmpd.org
Patrol Operations Commander
Lt. Demarco Jeter
phone: 704-336-3455
djeter@cmpd.org
Special Operations
Commander
Lt. Jim Hummel
phone: 704-336-3455
jhummel@cmpd.org
Sources:
1. Link to Site
Emergency Services
Fire Department Stations
There are six Fire Departments Stations near the apartments selected.
However, Fire Department Station #12 is the closest one to all the
apartments and is located at 420 Inwood Dr, Charlotte, NC 28209
Emergency Services
Emergency Centers / General Hospitals
Emergency Centers
First Care Medical Clinic
Carolinas HealthCare Urgent Care Steele Creek
Concentra Urgent Care
Carolinas Medical Center Emergency Room
Novant Health Presbyterian Medical Center: Emergency Room
OrthoCarolina Urgent Care Charlotte
Carolinas Medical Center Mercy Emergency Department
Carolinas HealthCare Urgent Care Morrocroft
General Hospital
Atrium Health Pineville
Concentra
Carolinas HealthCare System & Emergency Room
Leasing in North Carolina
Chapter 42 and sections
North Carolina General Statutes – Chapter 42: Landlord Tenant Laws (Articles 1, 2A, 3, 5, 6)
https://www.ncleg.gov/Laws/GeneralStatuteSections/Chapter42
other source for the same information:
https://mobile.ncleg.net/EnactedLegislation/Statutes/PDF/ByChapter/Chapter_42.pdf
Lease agreement will have similar verbiage like this one (make sure your lease agreement includes the Chapter 42
and sections) :
http://attachments.rentlinx.com/9757.pdf
Residential leasing questions and answers provided by the North Carolina Government:
https://www.ncrec.gov/Brochures/Print/Renting.pdf
Sample lease agreement from Condo Association/complex:
http://www.greenwaycommons.com/files/BlankLeaseAgreement.pdf

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Real Estate Residential Market Research Study in North Carolina

  • 1. NORTH CAROLINARESIDENTIAL REAL ESTATE MARKET RESEARCH Prepared by Jose Caba, MSIRE
  • 2. Table of Content Report Disclaimer Crime Rate School Grade by Zip Code Apartment Floor Plans & Presentation Police Departments Fire Departments Urgent Care & General Hospitals Comparative Analysis Chapter 42 Information & Leasing Documents
  • 3. The focus of this analysis is to inform readers on factors related to the Charlotte, North Carolina residential real estate market. The data in this report details factors to consider when seeking to lease a rental property in this region. Further, the information is supported by government agencies that are deemed reliable but not 100% accurate. Due to the current government shutdown, chart and statistics found in this report may have a thirty-days delayed from their last update. This analysis was created on January 11, 2019, and is the advised opinion of trained professionals, further verification recommended. Report Disclaimer
  • 4. Crime Rate Sources: 1. Zip Code 28217 2. Zip Code 28273
  • 6. School Ranking Zip Code 28217 Sources: 1. School Ranking Nations Ford Elementary School PK-5 3 Stars Metrolina Regional Scholars' Academy (Charter) K-8 10 Stars Waddell Language Academy K-8 10 Stars Schools with better rankings receive substantial contributions from the government to continue the betterment of those schools. Also, local governments collect higher taxes from residents where schools with a higher ranking are. Higher residential taxes are important because it indicated that residents living in those areas bring home higher incomes and have better jobs.
  • 7. School Ranking Zip Code 28273 Sources: 1. School Ranking River Gate Elementary School K-5 -> 8 Stars Math School 9-12 -> 8 Stars Lake Wylie Elementary School PK-5 -> 6 Stars Steele Creek Elementary School K-5 -> 5 Stars Biotech School 6-8 -> 5 Stars Kennedy Middle School 6-8 -> 5 Stars Southwest Middle School 6-8 -> 5 Stars Renaissance High School at Olympic High School 9-12 -> 4 Stars International Business & Communications Studies at Olympic High School 9-12 -> 2 Stars International Studies & Global Economics at Olympic High School 9-12 -> 1 Stars
  • 8. Tyvola Center Sources: 1. Link to Site 625 Cameron Walk Ct. NC, 28217 794 Square Feet Price Range: $1,010 - $1,300
  • 9. Hideaway Lakes Luxury Apartments Sources: 1. Link to Site 1825 Carrington Oaks Drive, NC 28273 ST. BOSWELL 697 Square Feet Starting Price : $924 ST. ANDREWS 880 Square Feet Starting Price: $964 ST. ANDREWS with Garage 880 Square Feet Starting Price: N/A
  • 10. Colonial Village South Tryon Sources: 1. Link to Site 7601 Holliswood Court, NC 28217 872 Square Feet Starting Price: $903 (first Floor Unit)
  • 11. Stone Ridge Apartments (Greystar) Sources: 1. Link to Site 8940 Camden Creek Lane, NC 28273 Windsor 763 Square Feet Price: $929 - $1,136 York 824 - 867 Square Feet Price: $989- $1,378
  • 12. Whitehall Estates (Greystar) Sources: 1. Link to Site 2400 Whitehall Estate Drive, NC 28273 Richmond 752 - 767 Square Feet Price: $936 - $1,369 Augusta 803 - 818 Square Feet Price: $1,016 - $1,501
  • 13. Ansley Falls Homes (Banner) Sources: 1. Link to Site 6310 Ansley Falls Dr, NC 28217 Piedmont – with Sunroom 724 Square Feet Price: $960 - $1,205 Piedmont 624 Square Feet Price: $955 - $1,105 Habersham 924 Square Feet Price: N/A Highland – with Sunroom 924 Square Feet Price: N/A Highland 826 Square Feet Price: $990 - $1,235 Piedmont HC and Highland HC Diagrams not available.
  • 14. Comparative Analysis Apartment Name Tyvola Center Apartments Hideaway Lake Luxury Apartments Colonial Village at South Tryon (MAA) Stone Ridge Apartments Whitehall Estates Ansley Falls Apartments Distance from work 7 Minutes – 3 Miles 6 Minutes – 2.1 Miles 6 Minutes – 1.2 Miles 9 Minutes – 2.0 Miles 5 Minutes – 1.1 miles 5 Minutes – 1.1 Miles Rating 3.4 average rating, A+ BBB 3.3 average rating 3.5 stars 3.6 average rating 3.7 average rating 3.7 average rating Gated Community Yes Yes yes No No Yes Square Feet 794 697 or 880 872 763 or 824 - 867 Augusta: 803 – 818 Richmond: 752 - 767 Varies Desired price: Price/Square feet $1,200 $1.51/Sf $924 or $964 $1.33/Sf or $1.10 /Sf $938 $1.08/Sf $1,136 or $1,378 $1.48/ Sf or $1.59/Sf $1,041 - $1,056 $1,011 $/Sf Varies $960 to $1,235 Washer & Dryer in the apartment Yes No – the hook up is available and laundry facility on site Yes Yes Yes Yes Walk-in Closet In the Bedroom Yes Yes Yes Yes Yes Yes Gym Yes - Nice gym Yes – Very Small Gym Yes – Small Gym Yes - Small gym Yes – Nice Gym Yes – Nice Gym Amenities Clubhouse, BBQ Grills, Business Center, Gated Entrance, Covered Parking, Dog Park, Mail Center, Wifi Café, Resort Swimming Pool, Tennis Court, Green Building, Garage, Car Care Center, Garage Parking Available Resort Style Swimming Pool, Grilling and Fire Pit Area, Brand New Luxury Clubhouse, Movie Theater and Gameroom, Mini-Golf Course, Fitness Center, Onsite Playground area and Barbecues, Community Carwash, Gated Access Bark Park, Playground, Pool, 24/hr Fitness Center, Gated Community, Garage Parking and for rent, Grill area, Car Care with Vacuum Resort Inspired Pool with Cabanas, Modern Clubhouse with Kitchen, Resident Business Center, Fitness Center with Free Weights, Outdoor Firepit and Hammock Garden, Playground, Car Care Center and more.. Resort Style Pool, Modern Farmhouse Clubhouse with Kitchen, Resident Business Center, Grilling Lounge with Al Fresco, Dining Area, Fitness Center with Free Weights, Outdoor Fire Pit and Hammock Garden and more… 2 Saltwater pools, 2 sundecks, Car Care Center, 2 Fitness Centers, Pet Friendly, Summer Kitchen, Business Center, Dog Park, Picnic area with Grilling Station
  • 15. Emergency Services Police Department Police Station 2227 Westinghouse Blvd, Charlotte, NC 28273 Tyvola Centre Apartments 9 Minutes Hideaway Lake Luxury Apartments 8 Minutes Colonial Village at South Tryon (MAA) 7 Minutes Stone Ridge Apartments (Greystar) 4 Minutes Whitehall Estates (Greystar) 9 Minutes Ansley Falls Apartment Homes (Banner) 10 Minutes Police Department 2227 Westinghouse Blvd. Charlotte, NC 28273 phone: 704-336-7800 fax: 704-583-6055 Captain Rob Dance 704-336-7651 rdance@cmpd.org Patrol Operations Commander Lt. Demarco Jeter phone: 704-336-3455 djeter@cmpd.org Special Operations Commander Lt. Jim Hummel phone: 704-336-3455 jhummel@cmpd.org Sources: 1. Link to Site
  • 16. Emergency Services Fire Department Stations There are six Fire Departments Stations near the apartments selected. However, Fire Department Station #12 is the closest one to all the apartments and is located at 420 Inwood Dr, Charlotte, NC 28209
  • 17. Emergency Services Emergency Centers / General Hospitals Emergency Centers First Care Medical Clinic Carolinas HealthCare Urgent Care Steele Creek Concentra Urgent Care Carolinas Medical Center Emergency Room Novant Health Presbyterian Medical Center: Emergency Room OrthoCarolina Urgent Care Charlotte Carolinas Medical Center Mercy Emergency Department Carolinas HealthCare Urgent Care Morrocroft General Hospital Atrium Health Pineville Concentra Carolinas HealthCare System & Emergency Room
  • 18. Leasing in North Carolina Chapter 42 and sections North Carolina General Statutes – Chapter 42: Landlord Tenant Laws (Articles 1, 2A, 3, 5, 6) https://www.ncleg.gov/Laws/GeneralStatuteSections/Chapter42 other source for the same information: https://mobile.ncleg.net/EnactedLegislation/Statutes/PDF/ByChapter/Chapter_42.pdf Lease agreement will have similar verbiage like this one (make sure your lease agreement includes the Chapter 42 and sections) : http://attachments.rentlinx.com/9757.pdf Residential leasing questions and answers provided by the North Carolina Government: https://www.ncrec.gov/Brochures/Print/Renting.pdf Sample lease agreement from Condo Association/complex: http://www.greenwaycommons.com/files/BlankLeaseAgreement.pdf