Indian Trail Tax Status Maintains Status Quo

Indian Trail NC has held the state’s lowest tax rate for six years and there is no immediate plan to change that.

In 2005, the tax rate in Indian Trail real estate was lowered to 14.5 cents per $100 valuation, down from 15 cents per $100 valuation. The same rate will be maintained for town residents in fiscal year 2011-2012. The town manager for Indian Trail, Joe Fivas, recommended keeping the rate where it is.

Gary D’Onofrio, Indian Trail NC town council member declared his support for the budget in its current iteration. Even without changing the tax rate, the town has big plans for its future. Projects are expected to cost millions of dollars.

As a result, council member Jeff Goodall has warned residents to be aware that the 14.5 cent tax rate may not last too long. The reason Indian Trail real estate may see an increase in the future is because of its rapid growth. The 2010 census showed a jump of 20,000 people over 10 years.

With an increase in population comes an increase in concerns and demands. These issues cost quite a bit of money to address. Indian Trail residents have raised concerns about traffic congestion. These issues have led the town council members to consider purchasing bonds in order to make road improvements. One of those improvements would be to widen part of Old Monroe Road.

Improvements are also under consideration for fully developing the town’s 51 acres of park land. The town council will not be the only ones to make final determinations. There is a proposal to include voters in the process. The proposal would have bonds being separated by park improvements and road improvements.

If you have any questions about Indian Trail NC real estate, feel free to call me, Wendy Richards, at 704-604-6115 or email me at wendy@nccharlottehomes.com. Thanks!

May 31, 2011

Why Charlotte NC?

Why Charlotte

Why Charlotte NC? Charlotte NC is recognized as the 2nd largest sized financial/banking center in the United States. Because of Charlotte’s large financial presence and “Southern Charm,” Charlotte NC has become the selection for those that would like to make the move to an amazing city which has moderate winter seasons and is conveniently located between the coastal beaches and the mountains.

If you have any questions about Charlotte NC or the surrounding area, please don’t hesitate to contact me… 🙂

Wendy Richards, Charlotte NC Home Realtor

wendy@NCCharlotteHomes.com

704.604.6115

Ballantyne Village in South Charlotte NC Restructures It’s Financial Debt

The owner of Ballantyne Village in Ballantyne NC Real Estate has effectively restructured its bank loan financial debt, eliminating a cloud of doubt coming from the South Charlotte NC retail complex in Mecklenburg County.

As of the middle March, 2011, BV Retail, the LLC who is the present owner of Ballantyne Village, had restructured its financial debt, a step which allows for the financing of completely new leases, renter upfits and rental commissions, as outlined by a press release.

Bob Bruner, manager of BV Retail, stated that he was very excited about the recent mortgage restructuring and that the measure enables Ballantyne Village to carry on building upon the special character of the shopping mall that partners restaurants, entertainment, boutique shopping and business office space (which includes health care and executive offices) in a “village-style” environment that has been completely unique to the Charlotte NC market place.

Ballantyne Village is situated along the intersection of U.S. Highway 521 and Ballantyne Commons Parkway and is made up of 140,000 sq ft of retail store space and 25,000 sq ft of business office space. The ‘development’ is zoned for a 150-room resort along with a 100,000-square-foot business office tower. It launched in 2006 and is well-known for the crown on top of the Ballantyne Village Theatre.

This past year, the lending company to Ballantyne Village began the real estate foreclosure process against the premises, saying BV Retail was very delinquent on what exactly was initially a $50 million loan. At the time, Bruner stated his company was carrying on to negotiate, and a planned property foreclosure public sale had been delayed numerous instances prior to getting canceled, without having a brand new date, late last year.

Wendy Richards, Charlotte NC and Ballantyne NC REALTOR®
704-604-6115

The Blue Taj in Ballantyne Village, South Charlotte NC

Tucked within Ballantyne Village and Ballantyne NC Real Estate, The Blue Taj is a impressive restaurant serving Indian Cuisine and is a much-needed and delightful add-on to Charlotte NC’s restaurant scene.

The Express Lunch at The Blue Taj offers well-known meals in luncheon-sized helpings.  Be sure to check out the Chicken Tikka Masala as well as Tawa Curry Leaf Scallop, each for under $10.00.  All of the items on The Blue Taj menu are dished up with your personal choice of either soup or salad, rice or even Naan bread.

The DĂ©cor at The Blue Taj is stylish and modern-day, but quite comfortable and diverse. You will find 4 distinctively designed dining rooms to carry on the thrill each time you come by. A classy wine cellar similarly graces the restaurant where diverse and popular choices of vino are stored in an optimal temperature range and moisture content monitored environment.  The Bubble Bar is open every night to take care of the individual’s craving for a thrilling blend of both signature and imaginative drinks and refreshingly glowing and various other favorite wines by the glass.

The Blue Taj in Ballantyne NC is also a luncheon desired destination in a really sought after locale. The plentiful choices of lunch time offerings will definitely delight business and mainstream diners alike.

The Blue Taj is likewise readily available for non-public occasions and events of varied sizes.

The Blue Taj is located in Ballantyne Village at 14815 Ballantyne Village Way, Charlotte, NC 28277. Contact them at 704-369-5777 or find them on the web at www.thebluetaj.com.

Do stop by and check out The Blue Taj! You will not be disappointed!

Wendy Richards, Charlotte NC REALTOR®
704-604-6115

Spend Lunch Time Together With The Easter Bunny in Matthews NC

When?    Friday, April 15, 2011 from 11am to 12pm
Where?  Matthews Community Center

Little ones years two to five are invited to experience lunch alongside the Easter Bunny in Matthews NC!  The little ones are also able to join in a lively craft and get their very own photo taken together with the special guest of honor.  Entrance tickets will be $7 and are readily available at the Matthews Community Center in downtown Matthews NC starting Tuesday, March 15, 2011.

Stop by!  It promises to be great fun!

Wendy Richards, REALTOR®
704-604-6115

Charlotte NC Real Estate Rates High With Regard to Overseas Investing

Charlotte NC real estate rates as the Number 3 city inside the Americas for its capability to attract investment opportunities from international companies, based upon a feedback survey courtesy of FDI Magazine. A FDI Magazine’s panel evaluated cities throughout the Americas with regard to their particular initiatives and potential to attract investment from international corporations. Pittsburgh PA ranked 1st in that category. Halifax, Nova Scotia came in second. Not too shabby Charlotte NC!

The ratings are broken down by populace and they are based upon a 6 month’s evaluation of data regarding greater than four hundred cities. Charlotte NC was in the group of cities with a populace of somewhere between 250,000 to 750,000. Charlotte’s high positioning stemmed from high scores in the categories of strategy, economic potential and commercial enterprise friendliness.

New York, NY rated as the top major American city with a population greater than 750,000, followed by Chicago, IL and Houston, TX.

Richmond, VA, turned out to be tops among smaller cities (those having a population of more than 100,000 but lower than 250,000 residents), followed by Santa Clarita, CA, and Columbia, South Carolina.

Greenville, South Carolina, ended up being titled best micro city (having a population lower than 100,000 residents). Greenville, NC, placed 4th in the micro city category.

Wendy Richards, NC Charlotte REALTOR®
704.604.6115

Market Statistics for Lake Park NC Homes in Union County, Metro Charlotte NC

* Based on Lake Park NC homes sold and closed.

Number
Homes Sold

Average # of
Bedrooms

Average # of
Baths

Average
Square
Feet
(SF
)
Average
List
Price
(LP)

Average
LP/SF
Average
Selling Price
(SP)

Average
SP/SF
Average
SP/LP
Average
Days
on
Market
2011 (thru 06-30-11 24 3 2 $2,095 $162,431 $77.63 $153,258 $73.44 94% 120
2010
24 3 2 2,124 $183,025 $84.11 $173,822 $84.11 95% 171
2009 23 3 2 2,063 $192,890 $95.47 $185,506 $91.75 96% 102
2008 46 3 2 1,881 $185,878 $100.57 $181,160 $97.89 97% 87
2007 87 3 3 1,836 $187,900 $101.51 $182,350 $100.05 98% 49

Source: Carolina Multiple Listing Services, Inc. (CMLS). Information is deemed reliable but not guaranteed.

Visit the following web pages for more on Lake Park NC Homes and Charlotte NC Homes:

Lake Park NC Home Page

NC Charlotte Home Page

Call me for your Charlotte Real Estate needs:

Wendy Richards
Keller Williams Realty
Charlotte NC
704.604.6115
wendy@NCCharlotteHomes.com

Featured City: Wadesboro NC in Anson County near Charlotte NC

Wadesboro North Carolina
County: Anson County (also county seat)
Population: 3,552 (2000 census)

Nearby cities and towns:
Monroe NC Homes 19 miles
Lake Park NC Homes 37 miles
Indian Trail NC Homes 38 miles
Matthews NC Homes 42 miles
Charlotte NC Homes
52 miles

Looking to buy or sell a home in Wadesboro, NC?  Let me know how I can help!

Wendy Richards, Charlotte NC Realtor®
www.NCCharlotteHomes.com
wendy@NCCharlotteHomes.com
704-604-6115

Wadesboro NC Home Search

Featured City: Taylorsville NC in Alexander County near Charlotte NC

Taylorsville North Carolina
County: Alexander County (also county seat)
Population: 1,799 (2000 census)
Notable residents are Harry Deal and the Galaxies (longtime “beach music” band) and Harry Gant (retired NASCAR driver)

Nearby cities and towns:
Hickory NC Homes 19 miles
Statesville NC Homes 21 miles
Lincolnton NC Homes 35 miles
Huntersville NC Homes 48.1 miles
Charlotte NC Homes
61 miles

Looking to buy or sell a home in Taylorsville, NC?  Let me know how I can help!

Wendy Richards, Charlotte NC Realtor®
www.NCCharlotteHomes.com
wendy@NCCharlotteHomes.com
704-604-6115

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