Since we don’t represent sellers or homes, we are in a unique and unbiased position to report on the current state of the tri-county area’s housing market. This is a list of the 12 Best Deals currently on the market. The list is somewhat objective, taking into account variables like price per square foot. But, it is also subjective, factoring in our team of experts’ judgement calls on which properties they believe represent the best bang for the buck. While not everyone may agree with our choices, to be sure, you can be certain our opinions are independent since we do not represent these properties or have a vested interest in their sale.
Since our last list two homes we featured have allowed their listings to expire, a third home withdrew its listing, and a fourth home went under contract in the last few days.
Here is the list for October 5 , 2018.
BEST DEAL DOWNTOWN
314 Orange Street
This property, known as the Langdon House, makes it debuts on our list. The house went on the market at the end of last month with a very low price tag for Wilmington’s Historic District. The sellers are asking $224,900 or $76.63 a square foot. Be warned though, there are some issues. The home is being sold “As Is” and the official listing discloses some plumbing and electrical problems.
BEST DEAL IN MIDTOWN
103 Bradley Pines Drive
This 3 bedroom, 2 bath house debuts on our list after the previous home in this category went under contract. 103 Bradley Pines is a very unique property. The house features a solarium, a wood burning fire place, built-in cabinets and exposed beams. The house went on the market in the end of August with an asking price of $309,000, or $110.28 per square foot.
BEST DEAL FIGURE 8 ISLAND
515 Beach Road North
This 4,237 square feet home is located directly across the street from the ocean. It debuts this week as the best deal on Figure Eight, because at $447.25 it now has the lowest cost per square foot ratio on the island. 515 Beach Road North was built in 1998. It went on the market at the end of last year for an asking price of $1,895,000. The house has 5 bedrooms and 6 baths along with ocean views throughout.
BEST DEAL IN LELAND
10174 Morecamble BLVD
This home is currently owned by the Department of Veterans Affairs and they are eager to sell it. It was first listed at the end of August for $355,000. A month later they lowered the price to $339,000. The listing company told us there was some siding and fence damage during the recent storm, but repairs are in the works. The house was built in 2014. It has 5 bedrooms and 4 baths in just under 4,000 heated square feet.
BEST DEAL IN HAMPSTEAD
102 Collins Way
For the second week in a row this new construction tops our list in Hampstead. At $90.17 there are only 5 homes in in the area with a lower price per square foot ratio, and all of those homes are either condos or modular homes. 102 Collins Way is located in the Villages of Olde Point. It was built by Mungo Homes of North Carolina. The official listing brags of a spacious front porch, natural light flowing into the living room, an angle staircase and a “capitvating” kitchen. The house has 6 bedrooms, 4 baths and is just over 4000 square feet. Listed price is $365,991.
BEST DEAL ON A HOME WITH 2 PLUS ACRES
790 Little Macedonia Road NW, Supply
This is the 5th week we’ve featured this estate in Supply. This home sits on more than 9 acres covered with fruit and pecan trees plus a grape vineyard, and a couple fishing ponds. The house has nearly 3,400 square feet with 3 bedrooms and 2 full baths. The listing price is $379,000 (or $112.12 per square foot.) Click here for more information.
BEST DEAL ON A HOME WITH BEACH ACCESS IN PENDER COUNTY
114 Driftwood Drive, Surf City
For the second week in a row this custom made home gets the honors as the best Beach Access property in Pender County. Amazingly, this home located right across the street from the ocean survived Florence without any damage. The listing agent told us that some trees lost branches, but the lot has already been cleaned up and the house itself came through unscathed. It is a custom built house with beach access and canal access with a kayack launch. It has 3 bedrooms, 3 baths and 2300 square feet. Asking price is $545,000 (or $244.50 per square foot.)
BEST DEAL ON A HOME WITH BEACH ACCESS IN NEW HANOVER COUNTY
1100 SOUTH FORT FISHER BLVD # 802, Kure Beach
For the third time this condo holds the spot. This ocean front property went on the market on the 1st of September. We checked with the listing agent and was informed that the HOA is doing roof repairs following the storm, and there is a nearby sink hole but the interior suffered no damge. It is two stories, with 2 bedrooms and two baths. Asking price is $259,000, but note that the annual HOA dues are more than $15,000.
BEST DEAL ON A HOME WITH BEACH ACCESS IN BRUNSWICK COUNTY
123 Frigate Drive, Holden Beach
This home’s deeded beach access is located at the end of the street. According to the listing agent, the home lost some shingles because of Florence, but the problem as already been fixed. The current homeowners have added a new front porch as well as “hurricane resistant windows.” The home has 3 bedrooms, 2 full baths and 1,700 square feet. It has been on the market just over 80 days. In that time the price has been reduced by nearly $30,000 to $399,000 (or $234.57 per square foot.) Click here for more information.
BEST DEAL IN BALD HEAD ISLAND
67 Fort Holmes Trail
For the 2nd week in a row, this 4 bedroom, 3 bath, partially furnished home, tops the list on Bald Head Island. The official listing brags that the home is newly remodeled including a new roof, refurbished pine floors, and fresh interior and exterior paint. The asking price: $540,000, which breaks down to $240, per square foot.
BEST DEAL LANDFALL
1707 Pope Court
The offical listing of this home brags that it is “best price per square foot in Landfall,” and it is. At $114.68 a foot, it is $3 per square foot cheaper than the second lowest priced home. This house is located in the Villas at Landfall. It features 4 beds, 4 baths, and more than 5,000 heated square feet. The house has been on the market for 158 days and, in that time, the listing price has dropped by $24,000 to its current $575,000.
BEST DEAL ON A LUXURY PROPERTY
1902 Summer Sands Place, Wilmington
Among properties with a list price of $1 million or more, this house has the best per square foot price at $179 a foot. It is located in the Highland Ridge Section of Landfall. It has 5 bedrooms, 7 baths and more than 7,000 square feet of heated space. The house has been on the market for 284 days and is listed at $1,179,000. Click here for more information.
This report is presented by the team at Just For Buyers Realty. As the name implies, Just For Buyers Realty serves only buyers. In a state where buyers purchase real estate at their own risk, the company’s mission is to serve as Superheroes for Buyers, using all of the secrets of the trade to protect buyers at every stage of the process. Contact Just For Buyers Realty by calling 910-202-4813 or e-mailing at info@JustForBuyersRealty.com, or visit www.JustForBuyersRealty.com.