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Old 12-12-2007, 07:56 AM
 
67 posts, read 254,349 times
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Hello,

We've found a few houses "near" the Ballantyne area (with the same zip code) that are very inexpensive. I'm curious if there is a "bad" part of town, are just great deals, or something else. I've mentioned we are looking to buy investment properties and these seem like a steal, anyone know why?

Thanks!
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Old 12-12-2007, 08:08 AM
 
Location: Union County, NC
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Some may be older (i.e. no upgrades), or on very small lots. For investment property, would probably work well if you are going to rent it out.
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Old 12-12-2007, 08:12 AM
 
Location: Moon Over Palmettos
5,979 posts, read 19,891,469 times
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I would engage the services of a realtor. Does not cost you any as the buyer. They have stats on why houses are inexpensive in seemingly nice areas...as in the number of foreclosures, or mixed occupancies (townhouses and single family homes in the same community), or undue noise level (like if Johnston Road is behind you), or a pending lawsuit on a common area, etc. We had a good agent while buying and she pointed out all these things that are not available in websites if you tried. Best of luck!
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Old 12-12-2007, 08:33 AM
 
Location: Fort Mill, SC (Charlotte 'burb)
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I have not really noticed any bad parts of Ballantyne. Some people may just be wanting to sell quickly.
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Old 12-12-2007, 08:39 AM
 
Location: Uptown CLT (4th Ward)
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28277 ZIP code covers a pretty big area...and does not mean Ballantyne.. Many neighborhoods with a 28277 ZIP are not near Ballantyne. Hopethat helps!
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Old 12-12-2007, 08:55 AM
 
Location: Moon Over Palmettos
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missyp32 - One thing I learned about Charlotte and suburbs is that zip code might mean squat in certain places. For example, a friend lives in Union County, actually Indian Trail, but because her mail is delivered by the Matthews post office, her zip code is Matthews, Meck County, not Union. Her mother who lives in Lancaster County, SC has a Fort Mill, SC town address and zip code (York County) because her community's mail is being delivered by the Fort Mill post office. So just so you don't get misled by the zip code thing. It continues to flumux me to this day!
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Old 12-12-2007, 09:09 AM
 
Location: Fort Mill, SC (Charlotte 'burb)
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Well, the zip code thing is a little inaccurate for Fort Mill/Indian Land. While Indian Land does use Fort Mill's post office and thus if Indian land, you have a mail sent to Fort Mill, SC, not Indian Land. However, Indian Land does not have the same zip codes as the town and township of Fort Mill.
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Old 12-12-2007, 12:13 PM
 
Location: Drury Lane
825 posts, read 2,818,853 times
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Quote:
Originally Posted by bibit612 View Post
missyp32 - One thing I learned about Charlotte and suburbs is that zip code might mean squat in certain places. For example, a friend lives in Union County, actually Indian Trail, but because her mail is delivered by the Matthews post office, her zip code is Matthews, Meck County, not Union. Her mother who lives in Lancaster County, SC has a Fort Mill, SC town address and zip code (York County) because her community's mail is being delivered by the Fort Mill post office. So just so you don't get misled by the zip code thing. It continues to flumux me to this day!
Postal zip codes do not always match up with county and town borders. Different layers of government that came into effect at different times. Weddington residents created that name so that they wouldn't be annexed into Charlotte. For the longest time one zip code could cover such a large area because the population density was very low. Only now does the Indian Land area now have its own zip code of 29707.
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Old 12-12-2007, 12:17 PM
 
Location: Drury Lane
825 posts, read 2,818,853 times
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Quote:
Originally Posted by the 7 oh 4 View Post
28277 ZIP code covers a pretty big area...and does not mean Ballantyne.. Many neighborhoods with a 28277 ZIP are not near Ballantyne. Hopethat helps!
The 28277 zip code is about 25 square miles....from highway 521 over to Providence Road and from 485 south to the Marvin and the Indian Land areas.
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Old 12-12-2007, 12:28 PM
 
Location: Up above the world so high!
45,218 posts, read 100,681,934 times
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Quote:
Originally Posted by missyp32 View Post
Hello,

We've found a few houses "near" the Ballantyne area (with the same zip code) that are very inexpensive. I'm curious if there is a "bad" part of town, are just great deals, or something else. I've mentioned we are looking to buy investment properties and these seem like a steal, anyone know why?

Thanks!
Give us the addresses or street names and we can be more helpful
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