This is one of the most beautiful areas of Charlotte. And one of the least affected areas in the entire country in terms of house values declining.
You can build a garage if necessary, but most people with garages park outside anyway in the South. The weather is so nice most of the year. Garages tend to be storage areas. And in Myers Park and Dilworth, and other Historic Neighborhoods, they really don't affect prices.
If you'd like to talk about it, call me: 704-858-2345. I live on Selwyn Avenue, just down from Selwyn Pub, Mellow Mushroom and Nolen's Kitchen.
Land economics, home size, specific location, the architect who designed the home, condition, upgrades and recent repairs, lot size and many other factors influence the value of a home and property. Some run-down homes in the Myers Park High School district listed at $550,000 are worth every penny of the price and others in great condition are not. We can find high value homes in the MP High School District including some for MUCH less than $550,000. The trade-off that make people decide for Myers Park High School District is the shorter commuting distance to Uptown Charlotte. Some people like being able to come home for lunch :) If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. I'd be pleased to provide that service. ... if you appreciate this answer, please give it a "thumbs up", or if this was the most helpful answer, please say thanks with a "best answer" click .
Location and schools have always driven the prices in a certain area and this is mostly the case in myers park.
You'll find that a lot of these older homes don't have garages. You will tend to have a larger lot in the older neighborhoods than say out in Ballantyne area, and you may be able to add a garage, as some people have.
It really does boil down to what is important to that individual buyer. Certain things play a bigger importance in some buyers choices than others. It's a personal decision. Hopefully your Realtor will guide you on price once you find something you are interested in.
I have a totally remodeled home in the Barclay Downs neighborhood that is priced at $475,000. It is in Myers Park High School District, close to Southpark Mall and Piedmont Row. Take a look at this website: http://www.5601Wintercrest.com If you have any further questions, I'd be happy to try and help.
Of course you need to look at the com parables, each neighborhood is different. And the middle and elementary schools also play into value.
If you would like more information on a certain house, or neighborhood... don't hesitate to ask.
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Drive through Myers Park down Queens Rd. W, then drive down S. Tryon - worth the money for location?
Hope this helps, and if you have any further questions or would like help purchasing, don't hesitate to contact me directly!
I work for buyers at no extra cost in a transaction and love to negotiate price for my buyers.