Dec 16, 2022 - Real Estate

Own this Uptown 500-square-foot condo with skyline views for $200K

514 W 10th St in Fourth Ward. Photo courtesy of Don Hindle, D3 Realty.

Located minutes from the heart of Uptown in Fourth Ward, this tiny yet modern and efficient condo is just over 500 square feet. It’s on the market for $202,000.

With an estimated mortgage of $1,500 a month (depending on how much the buyer puts down), it’s significantly cheaper than what you’d pay to rent in the area.

By the numbers: Uptown has an average rent of $2,166, according to RentCafe.

Yes, and: Now may be a smart time to buy. Charlotte’s real estate market likely won’t see the decline in home prices that’s predicted for other markers, Axios’ Katie Peralta Soloff recently reported.

What they’re saying: The ideal buyer wants to live close to Uptown’s main attractions or “keep [the unit] as an investment rental property,” says listing agent Don Hindle with D3 realty. 

Location: Located at 514 W 10th St., is in Silo Urban Lofts, a four-story condominium built in 2004.

Details: Within its 526 square feet, you’ll find a studio-like structure, with a bedroom area separated by a partition wall, a kitchen and a full bathroom. Plus, there’s in-unit laundry and a built-in desk/computer nook.

  • Given the limited space, the condo’s amenities pack a strong punch. They include an electric cooktop, microwave (convection oven), washer and dryer, central heating and cooling double deep sinks and checkerboard cork flooring.
  • Of note: Checkerboard flooring is 2022’s biggest interior trend, according to Homes & Gardens.

Exterior details: The property is mixed-use with commercial real estate on the ground level, including a law firm and barbershop.

  • The unit comes with one parking spot. Additional parking is wide open during business hours, says Hindle.

Photos are courtesy of Don Hindle of D3 Realty, who has the listing. Let’s take a look around.

Photos: Courtesy of Don Hindle, D3 Realty.

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