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Lake Providence: Bring nature home

February 17, 2016

 

South of Ballantyne in beautiful, rural Weddington is the mature neighborhood of Lake Providence.

 

Established in 1980, Lake Providence is located at the intersections of Beulah Church and Antioch Church roads. Despite its proximity to South Charlotte, Lake Providence feels far removed from the hustle and bustle of city life.

 

Its approximately 170 homes are spread out over 200 wooded acres with mature trees and water views from some properties.

 

From Lake Providence to Ballantyne is approximately a 15-20 minute drive. Metro Charlotte is about 30 minutes without traffic.

 

The homes in Lake Providence are larger in size, ranging from the 3,000-square-foot range to 5,000 square feet. 

 

Many of the homes were built in the 1980s and 1990s, however, there are 2 lots currently available in Lake Providence for new construction. The homes sites are slated for Knotts Builders "Asheville" home, which is approximately 3,700 square feet. Those lots are listed at $470,800.

Thirteen homes sold in Lake Providence during the last 12 months, for an average sales price of $445,987 and average price per square foot of just under $130.

 

Currently, there are 4 resale homes listed for sale and 2 lots available. Two of the homes are under contract as of Feb. 16. An average of 1.2 homes sell per month in the neighborhood, which puts the current inventory at 4.3 months. Union County as a whole has 4.8 months inventory.

 

One of the homes currently listed is a waterfront property built in 1988 on almost 3 acres. The 5,000-square-foot home is listed for $848,000.

 

The highest and lowest price of homes sold during the last 12 months was $799,000 and $264,000, respectively. 

 

Both homes were approximately 3,800 square feet and built in 1989. The home that sold for $799,000 was fully renovated on 3 acres. The other was unrenovated and on a 1-acre parcel. 

The home that sold for $264,000 in October 2015 has been renovated and is one of the homes currently under contract.

 

On average, homes in Lake Providence sell for 97% of list price.

 

Lake Providence is a fantastic family-friendly community with wonderful Union County schools. The neighborhood is zoned for Weddington Elementary, Middle and High schools. 

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