Elizabeth

Real Estate Market Stats

Zillow Home Value Index: $224,500

Zillow Home Value Index

Owners vs. Renters

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $224,500 $146,200
Median Single Family Home Value $338,000 $146,400
Median Condo Value $138,500 $145,200
Median 2-Bedroom Home Value $151,300 $109,800
Median 3-Bedroom Home Value $292,400 $140,900
Median 4-Bedroom Home Value $472,000 $231,000
Percent Homes Decreasing 43.6% 55.8%
Percent Listing Price Reduction 34.9% 28.9%
Median List Price Per Sq Ft $156 $92
Median List Price $244,900 $185,000
Median Sale Price $255,000 $176,500
Homes Recently Sold 12 267,974
Property Tax $2,774 $2,105
Turnover (Sold Within Last Yr.) 3% 3.3%
Median Value Per Sq Ft $174 $106
1-Yr. Change 8.5% -3.1%
Homes For Sale By Owner 2 50,095
New Construction 0 44,298
Foreclosures 6 522,448
See Elizabeth, Charlotte home values at Zillow.com
Check out North Carolina mortgage rates on Zillow

 

“The breezes of heaven blow their freshest, the light of the sun is at its brightest in this favored neighborhood.” — Charlotte Evening Chronicle, April 16, 1910.

college.jpgElizabeth is an unique neighborhood. It’s the only old neighborhood in Charlotte that is named for a woman. She was Anne Elizabeth Watts, whose husband, Gerard Snowden Watts, was in the tobacco business in Durham. Her son-in-law, Charles B. King, picked Charlotte as the location for a small Lutheran college for women that opened in 1897. Because Mr. Watts provided most of the money for the college, President King named it Elizabeth College in honor of his mother-in-law.

J.A. Dempwolf, an architect from York, Pa., designed the buildings. The campus was on the block where Presbyterian Hospital now stands, but in 1897, this was outside Charlotte, because McDowell Street formed the eastern edge of the city. Elizabeth Avenue, laid out in 1891, and widened in October 1897, ran from McDowell Street, crossed Sugar Creek and rose straight to the imposing entrance gates to the campus.

Elizabeth College stayed in Charlotte until 1915, when it moved to Salem, Va. It is hard to imagine how serene and bucolic the campus was in those days. Where ambulances now dash to the emergency room entrance, elegant Victorian damsels once dabbled at tennis. Presbyterian Hospital bought the block in 1917 and moved there from W. Trade Street. The main building of Elizabeth College, which served Presbyterian Hospital for many years, was demolished in 1980.

The Highland Park Land and Improvement Co. contributed $3600 to entice Elizabeth College to Charlotte. The company reasoned that the college would increase the value of a large tract of land which the company owned nearby. They were right. The Elizabeth neighborhood, named for the college, became one of the most fashionable areas in Charlotte. Such important community leaders as William Henry Belk, founder of the Belk Department Stores, lived there. Most of the earliest houses were built on Elizabeth Avenue and on the streets that crossed it, like Travis Avenue and Torrence Street. The pace of development quickened after December 1902, when the Charlotte Consolidated Construction Company completed a trolley line that ran from McDowell Street to Elizabeth College.

Elizabeth became part of Charlotte in 1907. Independence Park, the first public park in Charlotte, opened in the neighborhood at about the same time. The streetcar line was extended along Hawthome Lane, then Kingston Avenue, to the park entrance at Seventh Street. The designer of Independence Park was John Nolen, who would fashion Myers Park for the Stephens Company several years later.

belk2.jpgElizabeth has changed drastically since the turn of the century . The most important reasons have been the growth and expansion of the medical complex in the neighborhood and the building of Independence Blvd. in the late 1940′s. In recent years, however, Elizabeth has pulled up her petticoat and has started to come back. Great.

 

Dining and Entertainment

  • Adams 7th Street Market | 401 Hawthorne | 704-334-0001
  • Anntony’s Caribbean Café | 2001E East 7th | 704-342-0749
  • Cajun Queen | 1800 East 7th | 704-377-9017
  • Cherry Blossom II | 2001 East 7th | 704-376-0880
  • Double Door Inn | 218 E. Independence | 704-376-1446
  • Jackalopes Jacks’ | 1936 East 7th | 704-347-1918
  • Jersey Mikes’ Subs | 2001A East 7th | 704-375-1985
  • La-Tea-da’s | 1942 East 7th | 704-372-9599
  • Scholtzsky’s Deli | 1961 East 7th | 704-376-2500
  • Showmar’s | 2004 East 7th | 704-376-0565
  • Spoon’s Ice Cream/Sandwiches | 415 Hawthorne | 704-376-0974
  • Starbucks’ Coffee | 1961 East 7th | 704-333-5880
  • Sub Station II | 1941 East 7th | 704-358-8100
  • Tonic | 1427 East 4th | 704-347-2582
  • Visulite Theatre | 1615 Elizabeth Ave | 704-358-9200

Services

  • 2001 Cleaners | 1900 East 7th | 704-332-2360
  • Antonio Izzo Salon | 1924 East 7th | 704-335-8222
  • Associates Insurance Group | 1828 East 7th | 704-377-5802
  • Copley Internet Systems | 400 Clement Ave. | 704-342-3581
  • First Edition Hair Designers | 1808 East 7th | 704-333-3337
  • Gregory’s Quality Barber Shop | 413 Pecan | 704-377-2040
  • The Guitar Workshop | 2123 East 7th | 704-372-1689
  • Kim’s Cleaners | 1941 East 7th | 704-333-7635
  • J. Graham & Co. Salon | 1924 East 7th | 704-344-0224
  • Mailboxes Etc. | 401 Hawthorne | 704-370-0045
  • Oasis Day Spa | 2036 E 7th St | 704-333-8777
  • Presbyterian Child Dev. Center | 1901 East 5th | 704-384-4198
  • Protégé’s Salon | 1819 East 7th | 704-334-3211
  • Sassy Scissors | 1824 East 7th | 704-376-5909
  • V-Cleaners & Alterations | 2001 B, East 7th | 704-344-1999

Shopping

  • Adams 7th Street Market | 401 Hawthorne | 704-334-0001
  • Art Aspects | 225 Hawthorne | 704-377-3321
  • Central Sun Storehouse | 1825 East 7th | 704-333-9200
  • Cooking Uptown | 1707 East 7th | 704-333-7300
  • Great Stuff & Seed | 1828 East 7th | 704-375-3330
  • Heroes Aren’t Hard to Find Comics | 1957 E 7th St | 704-375-7463
  • KRM Design, LTD Showroom | 1412 East 4th | 704-373-0275
  • La-Tea-da’s | 1942 East 7th | 704-372-9599
  • McMahon Shoes | 1809 East 7th | 704-376-1406
  • Roy White’s Flowers & Gifts | 1931 East 7th | 704-376-9141
  • Royal Gardens | 1733 East 7th | 704-334-3764
  • The Resale Shop | 1920 East 7th | 704-376-1312
  • VisArt Video | 1945 East 7th | 704-343-3031
  • The Wine Basket | 830 Lamar Ave | 704-333-3465

Professional Services

  • Michael J. Bednarik, PA | 1925 Park Drive |
  • CRS Appraisals | 406 Louise Ave. | 704-343-2516
  • DJG Investigative Services | 406 Louise Ave. | 704-343-2516
  • KRM Design, LTD | 1412 East 4th |
  • Lindsey & Co Real Estate | 2017 East 7th |
  • Peter Tart, Architect | 2010 Chesterfield Ave. | 704-372-4147
  • Real Estate Development Partners | 406 Louise Ave. | 704-333-7997
  • WKWW Architects | 2300 East 7th |

Medical and Therapeutic

  • Carolina Eye Associates | 2200 East 7th | 704-332-1700
  • Carolina Medical Associates | 2115 East 7th | 704-372-3126
  • Community Health Service | 1401 East 7th | 704-375-0172
  • Elizabeth Therapeutic Massage | 1828 East 7th | 704-377-9775
  • Kris Hawkins, Massage Therapist | 1828 East 7th | 704-366-1452
  • Leon Lester, DDS | 2115 East 7th | 704-333-6010
  • Mercy Hospital | 2001 Vail | 704-379-5000
  • Oasis Day Spa & Salon | 2036 East 7th | 704-333-8777
  • Presbyterian Hospital | 200 Hawthorne | 704-384-4000
  • Priester Chiropractic | 1726 East 7th | 704-375-8264
  • Xanie Adams Massage | 1911 Park Drive | 704-331-9390