Fifth and Poplar, located at the intersection of 5th and Pine, is a popular condominium complex located in Uptown Charlotte, NC. The complex is known for its luxurious amenities. The community is gated with security, there is a workout room, concierge service, Starbucks coffee bar, dry cleaning, putting green, pool, grilling area and outside bar area. The HOAdues have recently been raised (some units are over $500/month) because they are having to repair a problem with the roof. The dues are expected to be lowered once the repairs have been made.
I prefer the units that have views into the courtyard. During the summer months the area is busy and is a great place for the residents to make new friends. The VUE is in the process of being built and is affecting the view of units on one side of Fifth and Poplar. Some units will now be staring into the side of a taller condominium building.
There are several units in this complex that are on the market in a short sale situation. The units sold a few years ago for over $400,000 and are now listed in the high $290,000's. This is forcing several of the resales to drop their list prices and it is directly affecting the market value in this complex.
Check out what is currently on the market at Fifth and Poplar by clicking here.
