One of the homes we featured last week went under contract. Here is the list for January 11, 2019.
THE BEST DEAL ON A HOME WITH A BOAT SLIP
1019 Marshside Way
Highland Shores is a waterfront community tucked off of Highway 133 in Leland, roughly 7 minutes from downtown Wilmington. According to the official listing this home was once owned by the contractor who built the entire subdivision. It has many upgrades including Brazilian cherry floors, built-in cabinets, vaulted and tray ceilings, master tile shower, crown molding, extra storage, surround sound and 3 separate heat/cool zones. Three bedrooms are located on the first floor in a split floorplan. The second floor has a fourth bedroom, two large bonus rooms, an office, and a cedar lined storage room. Exclusive Buyer’s agent Debbie Freeman toured the home this week. She says the entire upstairs would make a great mother-in-law suite. Debbie also liked the backyard on a large, fenced lot, with a nice sized screen porch and deck. In the kitchen, she noticed a section of the granite countertops were not aligned correctly creating a large and ugly seam. There are currently 54 homes with boat slips on the market in the tri-county area. This house has the lowest price per square foot of all of them at $129.08. Aking price of $475,000.
BEST NEW DEAL ON THE MARKET
2110 Creecy Avenue, Wilmington
This is a chance to own two homes for the price of one. From January 4 to January 10, 151 homes came on the market in the tri-county area. The one we choose as the Best New Deal is located on a double sized lot in the trendy Carolina Place neighborhood. The photograph on the left is the main home. It has three bedrooms, two baths and is 2,100 square feet. The home on right, is a two bedroom two bath cottage that is just over 1,000 square feet. Both structures received new roofs in December, and both have their own laundry room and off street parking. In the main house, one of the bedrooms has been set up as a small apartment with a kitchenette. When you combine the area of the two homes together the price per square foot is $87.69. Asking price of $280,000.
BEST DEAL ON A TOWNHOUSE
4855 Tallow Trace 1, Shallotte
The numbers alone explain why this is a good deal: more than 2,000 square feet for less than $200,000. That is a combinati0n you rarely see. Exclusive Buyer’s Agent Kathleen Baylies toured the home this week. She called it “move-in ready”. The interior appeared to be freshly painted, the flooring and cabinets were in good condition. She also noted several extras, including a living room with a two story ceiling, interior five panel doors, nice size closets and tiled baths. She also said that although the house only has a one car garage, there is plenty of room for a vehicle and of extra storage. According to the official listing, the townhouse has been used as a second home by the current owners. The master bedroom is downstairs with two large guest rooms and a loft on the second floor. The house comes “mostly” furnished. Also of note, the HOA dues are $2,600 a year. That covers the lawn work and landscaping, and owners get access to an indoor pool and clubhouse. If there is a negative for this property, it is the lack of a back yard. Of course, if you’re not into yard work, you may see that as a positive. Asking price is $192,000.
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. You enter into the suite through oversized French doors. The bedroom includes 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 entryway. 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 on the island for a single-family residence.
BEST DEAL IN ST. JAMES PLANTATION
3203 St. James Drive
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 particularly 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. The home comes “mostly furnished.” Askng price $249,000.
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 a perfect media room or man cave. The kitchen has laminate counter tops, not granite, and the wood floors are artificial but 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 at Olde 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 1,600 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 recently 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 several features that separate 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 went on the market in the spring. Over the months, the owners have dropped 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 on 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.
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. 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 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. Contact Just For Buyers Realty by calling 910-202-4813 or e-mailing info@JustForBuyersRealty.com, or visit www.JustForBuyersRealty.com.