With classes beginning this and next week for many parents students in the Charlotte area, the topic of public school reassignment is once again top of mind. That’s because the Charlotte Mecklenburg School (CMS) Board will begin the two year reassignment process this year for the 2017-2018 school year.
Public school assignments are a big deal in Charlotte. A favorable school assignment not only has the benefits of really good schools but it can increase the real estate values over similar properties with a less-sought after assignment.
The listings below are example of what the impact of a school assignment can have on home values (and NO – I’m not saying one assignment is better than the other).
All three homes were constructed at about the same time, have about the same level of updates, are roughly the same size with similar floor plans, and were recently sold at about the same time earlier this year. The home in Pineville on Bridle Trace Lane sold for $102,000 LESS than a similar model in Providence Pointe on Redwood Valley due in large part to the school assignment. While both houses share a Middle School assignment, Providence Pointe is assigned to Ballantyne Elementary school and Ardrey Kell High School while Bridlestone is assigned to Pineville Elementary and South Mecklenburg High School.
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While it’s anyone’s guess what will happen as a result of this reassignment this early in the process, it is important to point out that anyone purchasing a home in Mecklenburg county today with a specific school assignment in mind should take note that it could change starting in the 2017-2018 school year.
CMS has launched a webpage to provide updates on the process as they become available.