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 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’ judgment 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.
This week four homes make their debut on the list.
Here is the list for November 30, 2018.
BEST DEAL ON A GOLF COURSE
1338 Grandiflora, Leland
After a home has been listed for a certain period of time potential buyers start becoming skeptical. They walk through a home wondering why no one has bought it. They almost convince themselves there be something wrong. 1338 Grandifloria Drive has been on the market for more than 700 days, but when we toured it, we found it was in generally good condition. We think it’s one of the best deals we’ve seen in a while. First, the home is huge. At just under 4,500 square feet it is one of the largest in Magnolia Greens. You will love the kitchen, it is easily twice the size of a typical kitchen, with double ovens, double pantries, and two kitchen sinks. The floors throughout the house are in good condition. And the two-story family room, with its huge windows, offers views of a pond and the 17th green of the golf course. The primary negative is its aging roof. Also, the largest bedroom suite is on the second floor, but there is a smaller suite downstairs that could be used as the master. The asking price is $360,000 (only $80.97 a square foot) and the sellers are offering an additional $15,000 for any changes you’d like to make to the home.
BEST DEAL IN A HOUSE UNDER $200,000
2223 Brandon Road, Wilmington
When Exclusive Buyer’s Agent Kathleen Baylies viewed this 1,900 square foot home, she reported that the one word she’d use to describe it is “adorable!”They’ve also done a remarkable job in the kitchen. Kathleen said the pictures “do not do the kitchen justice.” For a galley kitchen, it is very roomy and could easily accommodate three people working in there. Kathleen also commented on the pristine condition of the floors, the low maintenance backyard and she loved, the addition of a large family room in the back of the house. The only obvious issues are the size of the closets (they are small), and the number of bathrooms. There are only one full and one-half baths, and there is no bathroom attached to the master. So, if you have a multiple of people needing to access the shower at the same time, this may not be the right fit. But it could be perfect for a one or two-person household. The asking price is $199,900.
UPDATE: This house went under contract on 11/30/2018
BEST DEAL ON A HISTORIC HOME
711 Grace Street, Wilmington
This is the first time we’ve ever posted a before and after photo. On top is what the house looks like today, and on the bottom is what it looked like just two years ago. The owners found a diamond in the rough and have obviously worked very hard to recapture its beauty. This home was built in 1895. As part of the restoration, the owners saved the original turn of the century floors and all five original fireplaces. But while rescuing the past, they’ve also succeeded at modernizing the house. The kitchen is gorgeous with stainless steel appliances, breakfast bench seating, island with seating and storage. Plus there are two living areas, a formal dining room, and the master bedroom and bath are just lovely. But there is a price to pay if you are interested in an older home. Remember this house was constructed long before anyone had heard the phrase “walk-in closet.” Consequently, there is not a lot of room for storage. We are estimating the closets in the secondary bedrooms are about 12 inches deep. The master closet is larger, but still small compared to contemporary homes. Potential buyers should consider using an armoire, which would work with the historic feel and provided the necessary room. Asking price is $299,000.
UNDER CONTRACT 12/4/2018
BEST OCEANFRONT DEAL
813 Fort Fisher Boulevard S, Kure Beach
The asking price on this home is at least $175 per square foot less expensive than any ocean front home sold in Kure Beach this year. Listed at $965,00 it is currently used a vacation rental and has generated $108,000 in 2017. We recently toured the home, and of course, fell in love with the panoramic ocean view, you really understand why so many people dream of living at the beach. Among the many positives: the home appears to be well maintained; it sits well behind the dune line and is equipped with hurricane shutters. The owners have recently added a new metal roof, new hot water heater, and a new AC system and the house is being sold fully furnished , with an estimated value of furnishing totaling $50,000. The primary negatives are bedrooms on the smaller size, and there is no garage.
BEST DEAL IN LANDFALL
1909 Hallmark, Wilmington
This house gets our nod as the top deal in Landfall because we like the creativity the owners showed with a spare bedroom. They have turned it into a state of the art theater with soundproof walls, and two movie style recliners. The listing agent told us the sellers are willing to turn the room back into a traditional bedroom or leave it as movie theater depending on the buyer’s preference. The house also has a bonus room over the two car garage, crown moldings, hardwood floors, large raised terrace and fenced rear yard. Asking price is $500,000
BEST DEAL ON A TOWNHOME
910 Dolphin Court 93, Wilmington
This is not a great deal, in the sense that the price is lower than what it should be. It is a fair deal, priced similarly to what other properties have sold for in this neighborhood. We are featuring it because properties in this price range very rarely come available in the midtown area. This three bedroom, two bath townhouse has been on the market for less than two weeks. It is more than 1500 square feet, with large bedrooms. The master suite is 13 feet by 15 feet (which is large for a property of this size.) The main selling point is the townhome’s location. It sits near the intersection of South College and Wilshire in what is known as the Stonesthrow community. Asking price is $145,000 which breaks down to just over $94.00 per square foot, a comparatively low price to be in the middle of Wilmington.
UPDATE: This house went under contract on 11/30/2018
BEST DEAL IN LELAND
10174 Morecamble Blvd
The official listing of this home says it was “lived in hard” and after we toured it, that line may actually be an understatement. This home is priced well under its value, but any potential buyer needs to be ready to spend thousands of dollars on repairs. Most of the carpeting will need to be replaced, and the interior walls will need to be repainted. There are signs of possible water damage, some missing windows in the back, and the entire house is in need of a deep cleaning. It is now owned bythe Department of Veteran Affairs. It’s only 5 years old, and once restored will be a thing of bhaseauty. It 5 bedrooms, 4 baths, and a new listing price of $324,000.
BEST DEAL ON A HOME WITH BEACH ACCESS IN BRUNSWICK COUNTY
123 Frigate Drive, Holden Beach
Exclusive buyers agent, Debbie Freeman, recently toured this house. She loved the wood look floors and the views but noted the washer and dryer are located underneath the kitchen counter just a few feet from the stove and stink. This home’s deeded beach access is located at the end of the street. The home has three bedrooms, two full baths and 1,700 square feet.The new price is $379,000.
BEST DEAL IN THE 28403 ZIP CODE
5447 Eastwind Road
We don’t know the owners of this property. We’ve never had a conversation with them, but it appears that they are motivated sellers. Every Monday, for three weeks in a row, they have lowered the price of this house by $5,000. At the start of the month they were asking $299,000.The new listed price is $284,000. This is not a home for people looking for an open floor plan. But, if you prefer a traditional style, with clear division and separation between rooms, then this will be worth checking out. You will love the neighborhood, it is tucked away and quiet. The screened porch feels remote and peaceful and the third floor would make for a great bonus/media room or a man cave. One negative is the combination downstairs bathroom/laundry room, which is located in the center of the house. The bathroom is roomy and spacious, in an “L” shape, but since this is the restroom that would most likely be used by guests… we have to ask do you really want them in the same room as your dirty clothes. But, if you can get by that one issue, then this home is definitely worth a look.
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.