Property listing for 5016 Cherry Gum Ct #46, Matthews, NC 28105
ActiveTownhome / Duet

$419,900

5016 Cherry Gum Ct #46, Matthews, NC 28105

New Charleston-Style Duet: 3BR/2.5BA — 1,385 SF, 2-Car Garage

3 Bed · 2.5 Bath · 1,385 Sq Ft

Turnkey 2026 duet with HOA-covered water, sewer & lawn — 2 miles to downtown Matthews

3

Beds

2.5

Baths

1,385

Sq Ft

2026

Built

Attached 2-car rear-load garage

Garage

About 5016 Cherry Gum Ct #46

Step into modern, low-maintenance living with this new-construction duet by Prosperity Builders. Unit #46 is a Charleston-style two-story home offering 1,385 finished square feet, 3 bedrooms, and 2.5 bathrooms laid out to feel like a single-family home. The main level centers on an open plan with a distinct dining area and an efficient kitchen appointed with 42" cabinets, granite countertops, stainless appliances and a thoughtful work triangle. Luxury vinyl plank flooring runs across the main level while recessed LED lighting keeps the lines clean and contemporary.

The primary suite provides room for a sitting area and features a dedicated office/flex room directly off the bedroom — perfect for a work-from-home setup. Upstairs houses additional bedrooms and a full bath; storage is plentiful and the laundry room is conveniently located. A rear-load, two-car garage with alley access and a drop zone keeps everyday routines tidy and practical.

Community life here is intentionally low-maintenance: the HOA (amount TBD) covers water, sewer and lawn care, so weekends are for local coffee shops and the nearby parks instead of mowing. Enjoy walking trails, sidewalks, a playground and a dog park within the small community of roughly 62 homes. The alley streets and front green spaces include hammock stations and intentional landscaping that give the neighborhood a cozy, curated feel.

Location is a defining feature — you’re roughly two miles from downtown Matthews with quick access to dining, local festivals and shops, and convenient routes to I-485 for Charlotte commutes. Whether you’re a downsizer seeking simpler living, a young family wanting proximity to parks and schools, or a buyer who values brand-new construction without a long build timeline, this unit balances modern finishes with practical, everyday design.

Home Highlights

New construction (2026) — move-in ready3 beds / 2.5 baths in an efficient 1,385 SF footprintHOA includes water, sewer and lawn maintenanceRear-load 2-car garage and alley configurationWalking trails, playground and bark park in the communityApproximately 2 miles to downtown Matthews

Property Features

Interior Features

  • Open plan with separate dining area
  • 42" kitchen cabinets and granite countertops
  • Stainless steel appliance package (electric range/oven, dishwasher, disposal)
  • Luxury vinyl plank floors on main
  • Designated office/flex space off primary bedroom
  • Laundry room (upstairs)
  • Recessed LED lighting

Exterior & Lot

  • Attached 2-car rear-load garage with opener
  • Alley access and driveway
  • Front green space with hammock stations
  • Community walking trails and sidewalks
  • Playground and community bark park
  • HOA-maintained lawn (HOA includes water & sewer)

Location & Neighborhood

  • ≈2 miles to downtown Matthews (shops & restaurants)
  • Short drive to I-485 and major Charlotte commuter routes
  • Small community (~62 homes) for close-knit feel
  • Builder: Prosperity Builders — new-construction finishes

Walkability & Recreation

  • Walkability Rating: 62/100
  • Nearby parks, greenways, and community sidewalks
  • Easy pedestrian access to neighborhood amenities (playground, dog park)
  • Short drive to Matthews Community Park and local trails

Neighborhood & Location

This property sits in a quiet, contemporary townhouse community east of downtown Matthews. The neighborhood prioritizes pedestrian connections with sidewalks, walking trails and small green spaces. Downtown Matthews offers boutique dining, coffee shops and seasonal events, while regional access to I-485 allows straightforward commutes to Charlotte. The area draws families and professionals who value a suburban feel with nearby urban conveniences.

Market Insights

Matthews remains one of South Charlotte’s strongest suburban pockets for buyer demand thanks to its walkable downtown, community parks and convenient highway access. As of early 2026 the market in Matthews is more balanced than the rapid-seller market of prior years, but well-located new-construction and low-maintenance townhouse inventory still commands attention and relatively quick sales. Median home prices in the Matthews area for similar product are near the low-to-mid $400ks; inventory remains tight in desirable micro-markets, creating an edge for move-in-ready homes that include HOA-covered utilities. Pricing this unit at $419,900 positions it competitively for owner-occupiers wanting new finishes and a short commute to downtown Matthews and Charlotte employment corridors. Expect moderate buyer activity and faster closings when incentives and builder warranties are clearly communicated.

Nearby Schools

Matthews Elementary School

Elementary · ≈1.5 mi

7/10

Crestdale Middle School

Middle · ≈2.0 mi

6/10

Butler High School

High · ≈3.0 mi

7/10

Walkability & Recreation

62
Walkability
80
Recreation

Strong access to neighborhood walking trails, playgrounds and a dog park; several larger parks and greenways are a short drive away for biking and regional outdoor activities.

Investment Highlights

  • New-construction duet with modern finishes — move-in ready condition
  • HOA includes water, sewer and lawn maintenance — reduces operating expenses and time commitment
  • 2-car rear-load garage and alley configuration maximize usable front-yard greenspace
  • Small community (~62 homes) with walking trails, playground and dog park near downtown Matthews
  • Short commute to downtown Matthews and access to I-485/Charlotte employment nodes

Key Findings

  • List price: $419,900; size: 1,385 SF; 3 beds / 2.5 baths; year built: 2026.
  • Price per SF listed at about $303 — consistent with new-townhome premium in Matthews.
  • HOA-covered utilities and lawn maintenance are a notable value-add for certain buyer segments.
  • Builder (Prosperity Builders) is listing directly; likely builder warranty and predictable cycle-times.
  • Small-lot duet product appeals to buyers seeking single-family living feel with less maintenance.

Things to Consider

  • HOA fee amount not provided — confirm dues and any special assessments before underwriting.
  • Precise school assignments should be verified with CMS — neighborhood zoning can change assignments.
  • Limited yard/private outdoor space due to duet/townhome configuration — may be a deterrent for buyers wanting large private lots.

Opportunity Analysis

Acquire a new-construction duet in a desirable Matthews pocket that trades on convenience and low maintenance. Attractive to owner-occupiers and investors who value steady rentability in a strong suburban submarket near downtown Matthews.

Potential Use Scenarios

  • Primary buyer: position as low-upkeep single-family alternative with warranty and turnkey occupancy.
  • Investor buyer: target mid/high-quality renters (young professionals, small families) and market as newer, low-maintenance home with off-street garage.
  • Listing strategy: emphasize proximity to downtown Matthews, included HOA utilities, and builder warranty; price competitively to capture quick offers in low-inventory pockets.

Risk Factors

  • Uncertainty around HOA dues and long-term reserve funding.
  • Market sensitivity to interest rates for new buyers in 2026.
  • Potential for shifting school boundaries or local supply of similar new townhomes.

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

AI Valuation Estimate

Low

$405K

Midpoint

$420K

High

$435K

$303/SF estimated price per square foot

70% confidence

Estimate anchored to builder list price of **$419,900** and local Matthews townhouse market dynamics. Range +/- ~3-4% to reflect new-construction premium, proximity to downtown, and small-community scarcity (only ~62 homes in development). No live comparable sale pull executed.

As of 2026-03-11

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$420,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+300.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$95,000

Matthews has been a growing, affluent Charlotte suburb with in-migration from central Charlotte; family-oriented neighborhood demographics with professional households.

Nearby Points of Interest

  • Downtown Matthews (≈2 miles)
  • Matthews Community Park (≈1-2 miles)

Short drive to downtown Matthews shops and restaurants, several parks, and regional access to US-74 and I-485 for Charlotte commuting. Community includes walking trails, playground and dog park.

School District

DistrictCharlotte-Mecklenburg Schools (CMS)
ElementaryMatthews Elementary School (Charlotte-Mecklenburg Schools) — estimated rating 7/10
MiddleCrestdale Middle School (Charlotte-Mecklenburg Schools) — estimated rating 6/10
HighWilliam Amos Hough/Butler/Ardrey Kell cluster variations exist; most likely Butler High School (estimated rating 7/10)

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

Property Details

Building Details

Year Built2026
Constructionwood frame (typical modern townhome construction)
Stories2
HeatingCentral
CoolingCentral Air
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Topographylevel
Parkingattached_garage_and_driveway
Parking Spaces2
FrontageAlley/rear-load garage configuration; front yard greenspace and sidewalks

Utilities

WaterCounty Water (included in HOA according to listing blurb)
SewerCounty Sewer (included in HOA according to listing blurb)
ElectricElectricity Connected; Underground Power Lines

Zoning & Land Use

DescriptionLikely residential townhome/duet zoning or multifamily townhouse district under local ordinance; exact code to be verified with jurisdiction
JurisdictionMecklenburg County / Town of Matthews

Allowed Uses

Single family/townhome residentialAccessory structures per HOA rulesTypical residential uses consistent with townhouse duet product
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2026-03-06$419,900

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