This new construction Sedgefield bungalow of about 2,400 square feet sold for $500,000 in March!
The development along the South Boulevard corridor has driven the popularity and prices in the Sedgefield neighborhood, making it one of the South End’s most desirable neighborhoods!
Nestled between Park Road and South Boulevard, Sedgefield is bordered by Ideal Way to the north and Marsh Road and Hartford Avenue to the south.
Sedgefield is adjacent to Dilworth and is just minutes from the city’s amenities in Uptown, South End and Park Road Shopping Center. The continued expansion of the light rail along South Boulevard makes getting to and from the Uptown area easy and convenient, with the New Bern station just across South Boulevard.
Sedgefield Park is a great neighborhood green space with playgrounds, half basketball court and tennis court. Charlotte’s popular Freedom Park is less than 2 miles away from Sedgefield and is a great place to exercise or just relax.
From Sedgefield, Ballantyne is 15 miles away, and Charlotte Douglas airport is just under 8 miles away. Access to interstates I-77, I-85 and I-485 is quick and convenient!
From inside the bounds of Sedgefield you’d never know two of the city’s busiest streets surround the neighborhood, which has a well-shaded canopy of mature trees.
Once purely a collection of older homes – ranches and 2-story built from the 1920s to the 1960s – the neighborhood has evolved into renovated older homes and rebuilds on once-occupied lots.
Prices for the neighborhood vary widely based on age and condition of the homes. Some of the newer homes are selling upward of $700,000, while unrenovated older homes may sell in the $200,000s. Renovated older homes, which tend to be less than 2,000 square feet, might sell in the $400,000s.
An average of 3.5 homes sold per month in Sedgefield during the last 12 months for a total of 42 homes sold in the last year.
Those homes sold for an average of $477,914 and $242 per square foot. Sales were a mix of new construction and old homes that averaged nearly 99% of list price.
There are currently 18 homes listed for sale in Sedgefield, which is only 4.9 months of inventory for the popular neighborhood. Twelve of the homes are under contract as of May 12.
Eleven of the homes listed for sale are new or newer construction – post-2010.
Sedgefield is zoned for CMS’s Sedgefield elementary and middle schools and Myers Park High School. The elementary school and middle school are within walking distance of most Sedgefield homes!