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.
One of the homes we featured last week has gone under contract, and another had its listing expire.
Here is the list for December 14th.
BEST DEAL IN WRIGHTSVILLE BEACH
818 Schloss Street
Before we go into a big explanation as to why the numbers say this is a good deal, just glance at the picture and focus on the top floor. The entire fourth floor is the master suite. The official listing calls it a “sanctuary” and Exclusive Buyer’s Agent Kathleen Baylies agreed with that description when she toured the home this week. You enter into the suite through oversized french doors. Next to the bedroom is a large living area with fireplace. The suite also has a walk-in closet, bathroom with free-standing tub and a balcony that overlooks the sound. The heart of the house is located on the third floor, where the kitchen, living room and office all blend together in an open floor plan with windows that look out over the water. The second floor has three bedrooms and the first floor is the garage and entry way. And yes. there is an elevator to help you navigate all the levels. With an asking price of $1,775,000 this deal will be out of reach for most buyers, but for those in the luxury market, currently, there is no better price per square foot ratio on the island for a single-family residence.
BEST DEAL NEW ON THE MARKET
921 South 8th Street, Wilmington
To earn the top spot in this category, a home has to be listed during the last week. In all, 105 homes in the tri-county area came on the market between December 14th and the 21st. This one was listed on Wednesday. It is a four bedroom, two bath house, with just under 2.000 square feet. Click on the link below to see the interior pictures and you will discover details that typically aren’t found in a home at this price. It features a gourmet kitchen with granite countertops and stainless steel appliances. Upstairs you’ll find crown molding in all the bedrooms with a granite double vanity and tile shower in the master bathroom. The house is located on a corner lot, but it’s more of a peninsula because it has roads running on three sides. The official listing boasts that the current owners have put in a “state of the art” security system, which brings us to an obvious issue with this property. Even though its immediate surroundings are in a revitalized part of Wilmington, it is located in the shadows of some tougher parts of towns.
BEST DEAL IN ST. JAMES PLANTATION
3203 St. James Drive
UPDATE, PRICE HAS BEEN REDUCED BY $20,000
Exclusive Buyer’s agent Kathleen Baylies had a chance to tour this home. She was impressed with the size of the kitchen and the walk-in closet which has plenty of built-ins. She also mentioned all the natural light coming into the living room from three skylights. The property is rather large for a townhome. It includes the main residence which is 2,500 square feet with three bedrooms and two baths. In addition, there is a separate studio apartment, with its own entrance and kitchenette. Both the house and extra room overlook the Founder’s Club golf course. There are a few minor issues. The outside needs a good power washing, and the carpeting will need a deep cleaning or possibly to be replaced. There is an area of the ceiling, near the dining room, where the drywall tape that connects the ceiling and the wall is coming undone. That is not a particulary expensive problem, but if you’ve never done the work before, it can be a pain. The house is being sold by the estate of its former owner. On Wednesday, the price was lowered by $20,000 to $249,000. The home comes “mostly furnished.”
BEST DEAL IN LELAND
1105 Slater Way
The first thing you will notice is how much space and room there is inside. The master suite, which is 20 by 16, has two walk-in closets and an “L” shaped bathroom which can only be described as ‘humongous.’ There is also a loft area as you enter the second floor that is the size of a typical living room. It would make for the perfect media room or man cave. The kitchen has laminate counter tops, not granite, and the wood floors are artificial but is in decent shape. The house is only two years old, which means the roof and HVAC unit are modern and should have many years of service ahead of them. Still, almost all of the interior walls need to be repainted, so any new buyer should plan on coming out of pocket with some “touch up” costs. The asking price is $289,900 which breaks down to $90.62 a square foot.
BEST DEAL IN HAMPSTEAD
102 COLLINS WAY
For the past year, a new neighborhood has been going up off of Country Club Road in Hampstead. It’s called the Villages of Old Point and it is being built by Mungo Homes of North Carolina. The homes are listed in the mid $200’s to the mid $300’s. They range in size from 1600 up to 3,700 square feet. The one we chose as the best deal is a larger model. It is listed at $90.17 per square foot, which makes it not only the best deal in the neighborhood but throughout all of Hampstead. We toured the home this week and discovered the type of detail that typically is not found at this price point. There are granite counter tops, wood and tiled floors, and cabinet crown molding with tile backsplash in the kitchen. The house has 6 bedrooms, 4 baths and is just over 4,000 square feet. List price is $365,991.
Best Deal on a Historic Home
416 South 19th Street, Wilmington
This 81 year old home is located in the trendy Ardmore neighborhood which is filled with bungalows and cottage style homes built in the ’30s and ’40s. This house has a lot that separates it from others in the area. It is a rare four bedroom home. It has a large foyer, which you almost never see in a house of this style. And, although the closets aren’t huge, by today’s standards, they are not the micro size that was common back in the day. When we toured the house, we were impressed by the natural lighting and the original wood floors in the secondary bedrooms, living and dining areas. The home has recently been remodeled. Updates include stainless steel appliances, a new roof, and three-ton HVAC unit, both installed in 2017. The house has natural gas and off street parking. A couple of small drawbacks are the shed out back is showing its age and, while functional, both bathrooms are on the small side. Asking price is $258,500.
Best Deal in the 28403 Zip Code
2103 Ascott Place
This home makes its debut on our list. It went on the market in the spring. Over the months, the homeowners have drop the price by $140,000. This custom built home is in the South Oleander neighborhood, an area known for its stately homes, large lots and beautiful flowering trees and shrubs in the spring. At $125.50 per square foot, it is the lowest priced home in the neighborhood. The downstairs features an open floor plan with a double story living room and a master bedroom with a sitting area. Last year, the current owners put in a new roof that comes with a transferable 50-year warranty. Asking price is $435,500.
BEST DEAL IN THE 28411 ZIP CODE
438 CHABLIS DRIVE
This home is located in the Vineyard Plantation subdivision near Porter’s Neck. At $96.64, it has the lowest price per square foot of homes in the neighborhood now on the market, and none of the 17 homes that have sold in the last year in Vineyard Plantation went for less. The official listing reports that it has an open floor plan and the only nine-foot tall ceilings in the subdivision. But, the master is on the second floor, which may be an issue for some buyers. In all, there are four bedrooms, three baths, and just over 3,200 square feet. Asking price is $313,500.
Best Deal on a Condo
4168 Unit 203 Breezewood, Wilmington NC
The Breezewood complex is located near the intersection of George Anderson and Carolina Beach Road. At $147,000 the current listing is similar to other sales in this area over the last year. So, this is not a great deal in the sense that it’s priced before similar unit. Instead, we have given it top honors because there is virtually nowhere else in Midtown where you can get a 1,400 square foot home, with the amenities of a clubhouse and community pool, for less money. The unit has a vaulted ceiling in the master bedroom and a large walk-in closet. It also has its own laundry and is served by natural gas. The asking price is $100.54 a square foot.
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 must 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.
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 info@JustForBuyersRealty.com, or visit www.JustForBuyersRealty.com.