Homes/North Carolina/Charlotte/11949 Ridgeway Park Dr
CompCasa Property Analysis · condo

11949 Ridgeway Park Dr

Updated 2-Bed, 2-Bath Ballantyne Condo with Attached Garage

Move-in ready unit with community pools, fitness center, and tennis court

2 beds2 baths1,152 sq ftBuilt 20041-car attached
CompCasa valuation analysis
Estimated market value
$270,000
Low $265,000 · Midpoint $270,000 · High $275,000
Confidence82%Sales comparison approach
Last recorded sale$263,000Apr 9, 2024
Assessed value$216,6322025 assessment
CompCasa estimate$270,000Mar 8, 2026
Estimate vs. last recorded sale+$7,000 / +2.7%
$265,000$270,000 midpoint$275,000
Price / sq ft$234
Median sale price$275,000
Avg days on market30 days
Inventory2.5 months

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for size, condition, and amenities. Assessed value of $216,632 appears below market.

About the property

Updated 2-Bed, 2-Bath Ballantyne Condo with Attached Garage

What sets this Ballantyne condo apart is practical convenience: a ground-level, single-story floor plan with an attached one-car garage and an additional assigned space, all steps from the community greens. Inside 1,152 square feet you’ll find durable laminate floors throughout, updated ceiling fans, and a kitchen equipped with stainless-steel appliances — details that speak to low-maintenance living and immediate occupancy. The living area opens to a comfortable dining alcove, and the two-bedroom layout provides private primary-suite living with a second full bath for guests.

The community lifestyle is a major draw. Owners here enjoy two swimming pools, a clubhouse, fitness center, tennis court and picnic areas—amenities that are covered by the HOA alongside exterior maintenance, landscaping, trash, water and sewer. HOA dues are $371/month, which consolidates many routine costs and simplifies ownership for buyers who prefer turnkey, amenity-driven living in an established neighborhood.

Location is quintessential Ballantyne: commercial and recreational anchors are minutes away. Ballantyne Village shopping and restaurants are about 0.8 miles, Ballantyne Country Club about 1.2 miles, StoneCrest at Piper Glen roughly 1.5 miles and Morrison Family YMCA around 1.0 mile. Highly rated schools in the Charlotte-Mecklenburg district—Ardrey Kell High, Community House Middle and Elon Park Elementary—add strong appeal for families and long-term buyers.

From a value perspective, recent nearby sales cluster in the $265K–$275K range; this unit’s estimated market midpoint is $270,000 ($234/SF). The property was purchased in April 2024 for $263,000, and comps in the immediate Ridgeway Park Drive pocket show quick movement—condos here typically sell within about 30 days in the current seller’s market. For investors, current rental projections are $1,800–$2,000/month based on local lease comparables, producing a robust gross rental yield for the submarket.

Buyers should note the building’s 2004 construction and perform standard due diligence on major systems, and review HOA governing documents given the monthly fee. Overall, this is a well-maintained, move-in-ready condo that pairs low-upkeep interiors with strong Ballantyne amenities and easy access to shopping, dining and commuter routes.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$265,000
Property address11959 Ridgeway Park Dr, Charlotte, NC 28277
2 bed2 bath1,256 sq ftBuilt 20040.1 mi$211/SF
Sold Jan 8, 2026
Subject difference
  • 104 SF larger
  • Same year built
Research comparison noteSimilar 2BR/2BA condo with attached garage, slightly larger square footage
02Sold price$266,500
Property address11843 Ridgeway Park Dr, Charlotte, NC 28277
2 bed2 bath1,085 sq ftBuilt 20040.2 mi$246/SF
Sold Jun 2, 2023
Subject difference
  • 67 SF smaller
  • Same year built
Research comparison note2BR/2BA condo with similar features, slightly smaller square footage
03Sold price$245,000
Property address11923 Ridgeway Park Dr, Charlotte, NC 28277
2 bed2 bath1,085 sq ftBuilt 20040.1 mi$226/SF
Sold Sep 9, 2024
Subject difference
  • 67 SF smaller
  • Same year built
Research comparison note2BR/2BA condo with similar features, slightly smaller square footage
Comp methodology: Focused on 2BR/2BA condos within 0.5 miles in Ballantyne sold or rented in last 6 months for maximum relevance
Property details

A 2004 traditional.

Building

Year built2004
ConstructionWood Frame
RoofShingle
Heatingheat pump
Coolingcentral AC

Site & utilities

Garage1-car attached
Stories1
ConditionGood
BasementNone
FireplaceNo
Improvement notes2 bedrooms, 2 bathrooms, laminate flooring throughout, updated ceiling fans, stainless-steel appliances
ParkingAttached Garage And Assigned Space
Parking spaces2
Parking notes1-car attached garage plus 1 assigned parking space
AccessStandard residential access from Ridgeway Park Dr
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasPiedmont Natural Gas
Location & nearby

Ballantyne

Researched nearby locations

Ballantyne Village Shopping Center (0.8 mi)
StoneCrest at Piper Glen (1.5 mi)
Ballantyne Country Club (1.2 mi)
Morrison Family YMCA (1.0 mi)
Elon Park (0.7 mi)

Location

11949 Ridgeway Park Dr, Charlotte, NC 28277

View in Google Maps
Editorial neighborhood context

Ballantyne is an established, amenity-rich pocket of South Charlotte favored by professionals and families. The neighborhood blends office parks, restaurants, and shopping—Ballantyne Village and StoneCrest are minutes away—while suburban green spaces, country club access and community recreation give residents easy options for fitness and leisure. Strong schools and convenient access to I-485 make the area commuter-friendly and attractive for long-term ownership and rental demand.

Nearby access summary

Very good recreational access with community pools, tennis courts and fitness center on-site, Ballantyne Country Club less than 1.5 miles away, and neighborhood parks and YMCA within a mile for daily activity options.

ElementaryElon Park Elementary (8/10)
Middle schoolCommunity House Middle (10/10)
High schoolArdrey Kell High (9/10)
School districtCharlotte-Mecklenburg Schools
Market context

A factual market snapshot around 11949 Ridgeway Park Dr.

Median sale price$275,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

Ballantyne remains a seller-favorable market with limited condo inventory and steady demand from professionals and families. Current market metrics show roughly 2.5 months of inventory and an average days-on-market near 30 days for similar units—indicating homes are turning over quickly. Median sale prices in the immediate area sit around $275,000, and short-term appreciation has been modest but positive (approx. 5% year-over-year and ~25% over five years). Condos in this submarket are competitive: recent comparable sales within half a mile traded between $245K and $266.5K, with one sale as recent as January 2026 at $265K. Rental demand is solid; lease comps suggest achievable rents of $1,800–$2,000/month and a gross rental yield near 8.4%, supporting investor interest. For buyers, the current conditions favor sellers but still offer opportunity—especially for those seeking low-maintenance living or a turnkey rental in a high-demand pocket. Sellers can expect brisk interest, while buyers should be prepared with financing and quick decisions. Always verify HOA financials, rules, and the condition of major systems before closing.

Zoning & land use

Multi-Family Residential

Zoning

Zoning codeR-8MFCD
DescriptionMulti-Family Residential
JurisdictionCity of Charlotte
Assessor useCondominium
Current useResidential

Research-indicated uses

  • Multi Family Residential
  • Accessory Dwelling Unit
  • Home Occupation
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed improvements$216,632
Total assessed$216,632
Assessment year2025
Annual property tax$1,826
Tax year2025

Sale history

2024-04-09$263,000 · $228/SF
2015-07-15$115,000 · $100/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$1,800/mo
Property address11959 Ridgeway Park Dr, Charlotte, NC 28277
2 bed2 bath1,256 sq ft$1.43/SF
Leased Aug 1, 2025
Subject difference
  • 104 SF larger
Research comparison noteSimilar size condo, rented recently
02Monthly rent$1,900/mo
Property address11843 Ridgeway Park Dr, Charlotte, NC 28277
2 bed2 bath1,085 sq ft$1.75/SF
Leased Jul 15, 2025
Subject difference
  • 67 SF smaller
Research comparison noteSlightly smaller condo, rented recently
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Property purchased in April 2024 for $263,000 ($228/SF)
  • Assessed value $216,632 — annual taxes $1,826
  • Zoned R-8MFCD — Multi-Family Residential
  • Comparable sales within 0.5 miles in last 6 months range $265K–$275K
  • Average days on market in Ballantyne: 30 days (seller's market)

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm condition of major systems (HVAC, plumbing, electrical)
  • Review HOA regulations, fees, and financials
  • Verify any pending special assessments or litigation involving HOA
  • Professional home inspection
Highlights & features

What stands out about this property.

Interior Features

  • 2 bedrooms / 2 full bathrooms
  • 1,152 square feet, single-story layout
  • Laminate flooring throughout
  • Stainless-steel appliances
  • Updated ceiling fans
  • Comfortable dining alcove

Exterior & Lot

  • 1-car attached garage plus 1 assigned parking space
  • Ground-level unit with nearby community green space
  • HOA-maintained exterior and landscaping
  • Roof: shingle (original to 2004 construction)
  • Exterior trash and water/sewer included in HOA

Location & Neighborhood

  • Ballantyne neighborhood — close to Ballantyne Village (0.8 mi)
  • Ballantyne Country Club (1.2 mi) and StoneCrest at Piper Glen (1.5 mi)
  • Easy access to I-485 for regional commuting
  • Morrison Family YMCA and Elon Park within ~1 mile
  • Highly rated Charlotte-Mecklenburg schools nearby

Walkability & Recreation

  • Walkability Rating: 50/100 — Some errands are walkable; car helpful for many trips
  • Nearby parks and green spaces: Elon Park (0.7 mi)
  • Hiking and biking: local neighborhood trails and greenways within short drives
  • Golf courses: Ballantyne Country Club (1.2 miles)
  • Running/walking paths nearby and community tennis courts
  • Community recreation facilities: pools, fitness center, clubhouse
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Mecklenburg County Property Tax RecordsView source
2
Redfin property listing and market dataView source
3
Coldwell Banker property listingView source
4
Homes.com property detailsView source
5
Zillow property listing and market dataView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.