Lake Norman to Uptown Charlotte Living: North Carolina: Mooresville

Short Sale Waterfront and Waterview homes for sale on Lake Norman.

If you are looking to bargain shop and want waterfront or waterview properties this is the time to do it. Lake Norman which is located only 20 minutes from Uptown Charlotte offers the opportunity to enjoy Lake living for a discounted prices.

At one time,not long ago, only a select few were fortunate enough to afford living on Lake Norman. If anything was below $500k it was usually small cottage, maybe 1 or 2 bedrooms and around 1100 sq feet.

Today I viewed a home that was over 4000 sq ft with a full basement on .54 acres, waterfront, and deeded boat slip that was listed for $650k. Typically a home that size on Lake Norman would have been priced in the $800's. Home's in that specific neighborhood are well over a million dollars.

Obviously, location on Lake Norman can make the difference for many who are looking for waterfront homes. Lake Norman, which is  the largest man-made lake in the Carolina's is 34 miles long with 520 miles of shoreline. So you can just imagine the many coves and variation of shoreline that comes along with water-frontage. However, lake access is a premium and for those who take advantage now will reap the benefits for years to come.

Mike Carpino
Mike@LakeAndTown.com
704-301-9264

For people who are looking for Wasterfront Dining on Lake Norman here is a list of restaurants located on the lake. All of these can be accessed by boat.

Do not miss Tuesday nights at Midtown Sundries for Wing Night and Drink Specials!

!


Mike Carpino
Mike@LakeAndTown.com
704-301-9264

Downtown Mooresville NCis becoming a "phenomenal" place to visit or look for commerical property.

According to some recent news articles and Kim Atkins executive director of the Mooresville Downtown Commission the activity is "phenomenal" and should be in a good position when the region recovers. Buildings are being renovated, restaurants and other retailers are moving in, and new second-floor offices continue to fill.

Downtown property owner Howard Kosofsky recently said he's invested $3million renovating buildings and created 19 office spaces, 17 of which are occupied.

One of his refurbished buildings houses the new J.J. Wasabi's Grill and Bar. The Daily Grind restaurant is opening soon in another of his renovated Main Street buildings.

A nightspot called the Bathtub Gin opened in late 2009 in the former Pat's Coffee Shop, and a bakery called the Whirling Whisk opened in another space recently.

Atkins' aim is to get the word out about downtown's successes to more Lake Norman-area residents.

I have been visiting the Downtown area of Mooresville for over 10yrs and it is becoming more and more of a destination for people visiting the Lake Norman region. It is great to see that the recession has not affected this quaint downtown area.

Mike Carpino
Broker/Owner
Lake And Town Realty
www.lakeandtown.com
704 301-9264

Mooresville NC the town known as "Race City USA" now has a sister name "Baseball Town."

A big collection of Iredell County and Mooresville town officials, along with local business leaders, announced that America's Park, touted to be the world's largest youth baseball and softball complex, will be built in northern Mooresville off Rankin Hill Road just west of I-77.

America's Park and will feature 25 lighted ballfields, 60 cabins, a laundry facility, dining hall and concession stands as well as parking on 111 acres of the 170-acre site. The remainder, for now, will be used as unpaved overflow parking. Hines and Presutti intend for  America's Park to be positioned to take advantage of a growing youth sports industry, with tens of thousands of "travel ball" teams in a variety of age groups looking for tournaments - and places - to play.

The design of America's Park calls for five, four-field clusters of fields in the classic pinwheel design, one two-field grouping, two other single fields plus a stadium field. America's Park is scheduled to be open in time for the 2012 travel ball season.

They estimate 80,000 visitors each year will spend multiple nights in hotels from Mooresville to northern Mecklenburg County and dine in local restaurants and shop at local stores to the tune of $33 million in direct spending. Apply the 2.5 multiplier to that figure as economists are wont to do - meaning each new dollar is spent 2-and-one-half more times once it is infused into the local economy - and the total economic impact is $82.5 million.
 
Not bad for more than 100 acres that contains no massive building, creates no product and sells only concessions and memories.

Town officials have just hit a Grand Slam for the Mooresville and Lake Norman region.

Mike Carpino
Broker/Owner
Lake And Town Realty
Mike@LakeAndTown.com
704 301-9264 Cell

Langtree at the Lake and Larkin development may get millions in stimulus money.

The Lake Norman region has been waiting patiently for the new Langtree at the Lake development to begin construction. However, tax issues have plaqued the project and prevented any construction.

Well here comes the government to help bail out both the Langtree project and Larkin development. Here is an excerpt from our local newspaper that gives hope for the projects to start moving dirt again.

An Iredell County government financing authority agreed last week to let the planned Langtree at the Lake and Larkin developments seek state approval for a combined $41million in "recovery zone bonds."

The bonds are part of the federal American Recovery and Reinvestment Act of 2009, intended to help reignite the economy. States approve and allocate the bonds.

The developments would obtain private financing for the bonds, so taxpayers wouldn't be at risk if the projects fail, officials said. Still, the county and state have to make sure the projects are fiscally solid enough to be able to obtain the financing, and the developments will create lots of jobs.

Members of the Iredell County Industrial Facilities & Pollution Control Financing Authority unanimously agreed last week to allow the developments to ask the state to approve the bonds.

Larkin is seeking $25million in bonds. The mixed-use development will encompass 1,000 acres off Interstate 77 Exit 45 in Troutman. A boulevard will extend the development north to Exit 49A in Statesville.

Larkin is expected to create at least 1,100 jobs in its first five years, Larkin officials told the authority.

In December, Iredell County gave Langtree at the Lake the go-ahead to seek $9million in the same type of bonds. The developer was back last week to request an additiona $16million, after more bond money was projected to be made available.

The project, at Interstate 77 Exit 31 in south Iredell, is expected to create about 1,900 jobs from 2012 through 2015, Russ Rogerson, executive director of the nonprofit Mooresville/South Iredell Economic Development Corp., told the authority.

The N.C. Department of Commerce and the N.C. Local Government Commission will next consider approving the bonds. The Iredell County Board of Commissioners also will have to schedule a public hearing.

Distressed properties in The Point Lake and Golf Club located in Mooresville, NC.

The Point Lake and Golf Club, situated on the shores of Lake Norman outside Charlotte, N.C., offers members a club with the style and spirit of a Nantucket village.

Members enjoy the privilege of playing an 18-hole lakeside course designed by golfing legend Greg Norman.

All this creates the exclusive, yet inviting, environment that is
The Point Lake and Golf Club.

Life here revolves around the water. More than 500 families have already made their homes along the 18 miles of shoreline. Most residents enjoy beautiful views of the water from their homes, while many others are nestled along the fairways of the golf course. More than two-thirds of the holes of this Greg Norman-designed course play along or over the lake. And, Our Lake Club has become one of the most sought-after destinations in the region for wedding receptions and corporate gatherings. It can accommodate seated gatherings of 300 people in the spectacular waterfront setting.

Please contact to receive daily updated distressed properties.
   

Pre-Foreclosure Homes for sale in the Lake Norman region of Charlotte.

There are some incredible buys but do your homework.

Develop a system to keep track of properties that interest you. A good tracking system is important since most pre-foreclosure buyers pursue many properties sometimes over a period of several months.

After you find a property online, it's a good idea to drive by the property to get a better idea of the property's condition and the type of neighborhood. For some buyers and investors, driving by the property facilitate a casual meeting with the owner or yields a wealth of unexpected information from a talkative neighbor.

Confirming pre-foreclosure status

When a property enters pre-foreclosure, the owner usually has at least 2-3 months to reinstate the property by paying off the amount in default. The reinstatement stops the foreclosure process, so it's important to find out if a property has been reinstated before proceeding. The best way to check if the property has been reinstated is to call the trustee or attorney assigned to the foreclosure. The trustee cannot typically answer questions about the property; they can just let you know if the property is still in foreclosure

To receive up to date pre-foreclosure listings contact me.

Mike@LakeAndTown.com
704 301-9264
www.lakeandtown.com
www.tripletdadrealtor.com

Short Sales/Distressed Properties in Mooresville, NC are becoming more of an option for many homeowners who would like to avoid foreclosure.

Here are a couple things to remember when trying to decide whether or not this is the right decision for you:

If the equity in the house is sufficiently negative, there may be an incentive for the household to engage in a short sale," says Anthony Sander, a finance professor at Arizona State University. "But the more negative the equity, the less likely the lender or servicer will be willing to agree since it increases the loss."

The environment for short-sellers is better, thanks to the Mortgage Forgiveness Debt Relief Act. It eliminates the tax liability for short-sellers. Before this bill, if you sold a $250,000 home for $200,000, the IRS considered the $50,000 gap earned income and taxed it as such. Not so today.

Still, those considering a short sell need to do their homework before taking the plunge.

First, understand the gamble. A short sale will serve as a black spot on your credit history. While urgency is important, understand that there will likely be another home buy in your future, and it'll be more difficult to acquire a loan if you have a history of skipping out early and leaving the lender with the bill.

Then judge the market. Do serious research into your market at the neighborhood level. If the homes all around you are headed to foreclosure and prices are falling like a stone, lenders will be eager to cut their losses and agree to a short sale. If this is the case, speed means everything. If your equity falls too far below zero, lenders are less likely to agree to a short sale because it costs them more.

Click here to view other Lake Norman area short sale/distressed properties.

If you would like to be set up on a FREE Lake And Town service that updates you daily on homes that go on the market which are Short Sales please contact me.

NASCAR Institute of Technology of Mooresville, NC is quickly becoming one of the nations best automotive technical schools.

If you searching for a training program that leads to a career with a bright future? You'll find it at NASCAR Tech. Employers across the nation are competing for automotive technicians who are professionally trained to service the advanced technologies of today's vehicles. At NASCAR Tech, you'll get a bumper-to-bumper
education that will prepare you for a high-demand career in a hot industry!

At NASCAR Tech, you'll learn everything you need to succeed in today's automotive industry. When you've completed Automotive Technology training, you'll have all the knowledge, skills and hands-on experience
you need to get a great-paying, entry-level position as an automotive technician. And as a NASCAR Tech graduate, you'll discover a wide-open road of opportunities waiting for you

Your training will cover all the fundamentals, from basic engine systems to electronics, power trains, brakes, climate control, transmissions and passenger restraint systems. You'll also get high-tech training on complex technologies such as on board computers, electronic systems, computerized fuel-injection and computerized engine control. Your training program will also include six weeks of performance engine training. You'll learn advanced techniques for building and testing a competitive NASCAR engine.

Mooresville, NC has become a very popular destination for people looking to relocate. Lake Norman is within minutes of some of the areas nicest neighborhoods.

                                                                                                                                                                  
The Point, Mooesville, NC  Homes For Sale - Brawley Widening Continues.

Road work continues on the much anticipated widening of Brawley School Road.

The awaited project is slated to complete in Summer 2011 and appears to be on schedule. Great news for the residents of the communities and businesses along the heavily traveled route.

 Some believe that during the recent RE market downturn the added negative of the extended travel time along the road has led some  to further softening of the home market along Brawley including the Point.

I share this view and believe that as the road widening nears completion the area 

will see a surge in new interest. There are some incredible deals to be had. We recently represented a buyer who saw a purchase price reduced over 20% from ask.

We believe The Point is the most desirable community on the Lake and feel that at the right price now a buyer will be well situated for over the long Term.

Recent update from NCDOT:

Brawley School Road

Roadworkwill also close lanes of Brawley School Road in Mooresville at various times this week:

• Between Isle of Pines Road and Poplar Grove Road from 9 a.m. to 3 p.m. and 7 p.m. to 7 a.m. until Wednesday. (roadwork)
• Near Stutts Road from 7 p.m. to 7 a.m. until Friday (storm pipe replacement)
• Near Williamson Road (widening project)

According to the NCDOT, the Brawley School Road widening contractor will not be allowed to delay traffic by use of lane closures during the following time periods:

• Monday - Friday 6-9 a.m. and 3-9 p.m. from South Fork Road to Blume Road
• Monday - Saturday from 6 a.m. to 9 p.m. from Blume Road to Williamson Road
• Monday - Saturday from 6 a.m. to 9 p.m. on Williamson Road