Three of the homes we featured last week went under contract. Here is the list for January 18, 2019.
BEST DEAL IN BURGAW
7971 Old River Road
Making its debut on our list is this home in the Morgan Cove neighborhood. It features three bedrooms, three baths with hardwood floors, an over-sized main living area with a gas fireplace. It’s an open floor plan, with a formal dining room, and a laundry room leading to the two car garage. The house was built in 2007, in one of the most sought after neighborhoods in Burgaw. At $109.02 it is the lowest price per square listed in Morgan Cove in the last two years. The master bedroom, two guest rooms, and a large bonus room are located on the second floor. The owners have also added a small, metal building in the back yard which is currently being used for storage. Asking price is $254,900.
BEST NEW DEAL ON THE MARKET
475 Slippery Rock Way, Carolina Shores
From January 11th to January 17, 130 homes came on the market in the tri-county area. The one we choose is located in Carolina Shores in The Farm of Brunswick subdivision. If you are driving to South Carolina the neighborhood is on your left just before you cross the state line on Highway 17. According to Google Maps it is 51 miles from downtown Wilmington, but only 15 minutes from North Myrtle Beach. This three bedroom, two baths, split floor plan features an oak hardwood foyer, huge open and airy family room with high ceilings, fireplace, builtin entertainment center, spacious kitchen with custom cabinets and breakfast bar. The master suite is very large with a recessed tray ceiling, walk-in closet and master bath with double sink, large linen closet, and walk-in tiled shower. The home is currently the lowest list price per square on the market for the neighborhood. The perfect buyer for this house would be someone who works in southern Brunswick County or a retiree who wants to be surrounded by golf courses. Asking price $188,499
Under contract 1/18/2019
THE BEST DEAL ON A HOME WITH A BOAT SLIP
1019 Marshside Way, Leland
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 closet. 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 unattractive seam. The home comes with an electric 30′ boat slip 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. Asking price of $475,000.
BEST DEAL ON A TOWNHOME
121 Lincoln Place Circle, Leland
This townhome makes its debut on our list this week. There are currently 209 townhomes on the market in the tri-county area. This one is ranked as the number 9th lowest price per square foot, but all the ones in front of it are in southern Brunswick County, more than an hour away from the metro area. If you need something closer to Wilmington, it’s going to be hard to beat this deal. It’s located just over the bridge in Leland, in close proximity to downtown Wilmington. The builder put the master on the ground floor, which is a feature many buyers prefer. The other two bedrooms are located upstairs. The townhome also features a nice size foyer, a kitchen with granite countertops and a living area with a vaulted ceiling and skylights. The downside is no back yard. Instead, you’ll a small fenced-in patio, which could fit a grill and a couple of chairs. Asking price is $130,000.
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 a 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 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 custom nine-foot tall ceilings. The master is on the second floor, with a huge master bath and two huge walk-in closets. 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.