Property listing for 11506 Costigan Ln, Charlotte, NC 28277
ActiveCondominium

$299,990

11506 Costigan Ln, Charlotte, NC 28277

First-Floor 2BR/2BA Condo in Ballantyne — Move-in Ready

2 Bed · 2 Bath · 1,012 Sq Ft

One-level, low-maintenance condo steps from Ballantyne amenities

2

Beds

2

Baths

1,012

Sq Ft

2006

Built

0.01 acres

Lot

No garage — surface/assigned parking

Garage

About 11506 Costigan Ln

This first-floor condominium at 11506 Costigan Ln delivers efficient, one-level living in the highly desirable Ballantyne submarket. At 1,012 square feet, the layout features two bedrooms and two full bathrooms separated by a comfortable living area — a practical plan that accommodates long-term owners, downsizers, and investors alike. The unit has been carefully maintained by the owner and presents in tidy, original condition: tile and carpet floors, insulated windows, electric cooktop/oven/range, central air, ceiling fans, and an in-unit laundry closet.

The kitchen and dining areas flow to the main living room, creating open circulation appropriate for everyday living and casual entertaining. Both bedrooms comfortably fit full-size furnishings; the primary suite includes its own full bath. Because this is a first-floor unit, entry and egress are convenient and barrier-free — no interior stairs to contend with. Surface parking is provided in the community lot directly in front of the building for easy unloading.

Location is a standout: this condo sits minutes from Ballantyne Village, The Bowl at Ballantyne, grocery and service retail, and corporate office parks. Dining and leisure options are abundant for evenings out or casual weekends, and access to I-485 keeps the greater Charlotte region within an easy drive. The HOA handles exterior maintenance and common areas, preserving a low-effort ownership experience.

This property represents a move-in-ready alternative for buyers seeking low-maintenance Ballantyne living or a turnkey rental opportunity. The unit has been preserved in original (clean) condition and responds well to light cosmetic updates if a buyer prefers a more contemporary aesthetic. Request HOA documents for dues and policies and schedule a showing to see the unit in person.

Home Highlights

First-floor, one-level 2BR/2BA layout — easy accessPrime Ballantyne location — minutes to shopping & diningWell-maintained original condition — low near-term capexHOA-managed community for low-effort ownershipStrong rental potential for investors

Property Features

Interior Features

  • 1,012 SF one-level layout
  • 2 bedrooms, 2 full bathrooms
  • Tile and carpet flooring
  • Electric cooktop, oven and range
  • Central air conditioning; ceiling fans
  • Insulated windows
  • In-unit laundry

Exterior & Lot

  • First-floor unit with direct exterior access
  • Surface/assigned parking in community lot
  • HOA-maintained grounds and common areas
  • Built in 2006

Location & Neighborhood

  • Ballantyne / South Charlotte submarket
  • Minutes to Ballantyne Village and The Bowl at Ballantyne
  • Close to retail, dining, and corporate parks
  • Quick access to I-485 and regional roads

Walkability & Recreation

  • Walkability Rating: 35/100
  • Nearby parks, walking paths, and boutique retail within a short drive
  • Good bike and driving connections for regional recreation

Neighborhood & Location

Ballantyne is a master-planned, amenity-rich pocket in South Charlotte known for upscale retail centers, corporate office parks, and a suburban residential mix. The area attracts professionals, families, and empty-nesters seeking proximity to restaurants, shops, and convenient highways while maintaining quieter residential streets. Expect manicured common areas, active community events, and a mix of single-family homes and condo communities.

Market Insights

Ballantyne remains one of South Charlotte’s most durable submarkets — strong employment nodes and a dense retail mix keep demand steady for lower-maintenance homes. As of early 2026, single-family medians in Ballantyne trend higher than the condo market, but well-priced condos, particularly first-floor units, generate rapid interest. Inventory has been relatively tight for move-in-ready condos, supporting modest appreciation. Sellers who price competitively and disclose HOA details upfront typically see multiple-showing traffic within the first 2–3 weeks. For buyers, this unit provides access to desirable schools and amenity clusters while avoiding the upkeep of a single-family yard.

Nearby Schools

Ballantyne Elementary (Charlotte-Mecklenburg Schools)

Elementary · Approx. 2.0 mi

7/10

Community House Middle School (Charlotte-Mecklenburg Schools)

Middle · Approx. 2.5 mi

7/10

Providence High School (Charlotte-Mecklenburg Schools)

High · Approx. 3.0 mi

8/10

Walkability & Recreation

35
Walkability
60
Recreation

Access to nearby parks, trails and Ballantyne retail/restaurant clusters provides good recreational options within a short drive; neighborhood is car-oriented but offers pedestrian pockets around retail centers.

Investment Highlights

  • First-floor, one-level 2BR/2BA condo (no stairs from entry)
  • Prime Ballantyne location near Ballantyne Village and The Bowl at Ballantyne
  • Low-maintenance ownership with HOA-managed exterior and common areas
  • Immediate rental potential for investors — 1,2-bedroom condos in the area rent well
  • Well-maintained original condition reduces near-term capital expense for turn-ready occupancy

Key Findings

  • Unit size: 1,012 SF; built in 2006.
  • List price: $299,990; price/SF ≈ $296.58.
  • Mandatory HOA (dues required) — fee amount not provided; verify prior to contract.
  • Parking is surface lot; no private garage recorded.
  • Days on market (as of scrape): 3 — indicates early interest or fresh listing timing.

Things to Consider

  • No garage — may be a negative for buyers who prioritize covered parking.
  • Unit appears to be largely original-condition — buyers wanting modern finishes will need to budget updates.
  • HOA dues not listed — unknown impact on cashflow or buyer affordability (important for investors).

Opportunity Analysis

Acquire a low-maintenance Ballantyne condo offering stable rental demand and strong resale visibility in a premier South Charlotte submarket. The unit’s first-floor position and proximity to retail/office centers make it attractive to both owner-occupiers (downsizers) and investors.

Potential Use Scenarios

  • Position competitively at or slightly below list if seeking a quick close; pricing in the $285K–$300K band may attract investors.
  • Obtain HOA docs and reserve study prior to offer to assess dues and special assessments.
  • If owner-occupier buyer, minor cosmetic updates (paint, hardware, fixtures) can modernize without heavy capex.
  • For investors, estimate rent and NOI after confirming HOA fees and utilities; consider light staging and photos to improve marketability.

Risk Factors

  • Uncertain HOA fee amount and potential special assessments.
  • Condo market sensitivity to rate changes — higher mortgage rates can reduce buyer pool size for condos.
  • Competition from newer condo developments or single-family rentals in the submarket.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$285K

Midpoint

$300K

High

$315K

$296.58/SF estimated price per square foot

70% confidence

Estimate anchored to active list price ($299,990) and unit characteristics (1,012 SF, 2BR/2BA) with knowledge of Ballantyne condo pricing. No live comp search performed.

As of 2026-03-13

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$425,000
Avg Days on Market20 days
Inventory2.5 months
1-Year Appreciation+300.0%

Demographics

Median Income (1 mi)$125,000

South Charlotte / Ballantyne has attracted professional households and corporate office growth for the last decade; steady demand for low-maintenance residences among downsizers and professionals.

Nearby Points of Interest

  • Ballantyne Village (1.5 mi)
  • The Bowl at Ballantyne (0.5-1 mi)

Immediate access to Ballantyne retail and dining, corporate parks, fitness studios and community services; a short drive to grocery, medical clinics, and regional arterials including I-485.

School District

DistrictCharlotte-Mecklenburg Schools
ElementaryBallantyne Elementary (CMS) (approx. 2.0 mi) — rating estimate 7/10
MiddleCommunity House Middle School (approx. 2.5 mi) — rating estimate 7/10
HighProvidence High School (approx. 3.0 mi) — rating estimate 8/10

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2006
Constructionwood frame with condominium exterior (typical 2000s suburban condo)
Stories1
HeatingElectric
CoolingCentral Air (electric); ceiling fans present
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.01 acres (435 SF)
Topographylevel
Parkingparking_lot
Parking Spaces1

Utilities

WaterCity
SewerPublic Sewer
ElectricElectric (service type not specified)
GasNo gas indicated (electric appliances listed)

Zoning & Land Use

DescriptionCondominium/residential community (multi-unit residential)
JurisdictionCharlotte/Mecklenburg (municipal)

Allowed Uses

Residential condominium unitsAccessory common area uses per HOA rules
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2014-09-26$152,900

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