One of the homes we featured last week went gone under contract. Our news list features two new listings, and another home that recently lowered its price. Here is the list for February 15, 2019
BEST NEW DEAL ON THE MARKET
8577 Old Forest Drive, Leland
This four bedroom, three bath house is located in the Lanvale Forest subdivision. Of the 39 homes sold in that community in the last twelve months, only two went for a lower price per square foot. At $101.01 per square foot, the owners have priced it to sell quickly. The kitchen has been updated with cherry color cabinets and granite counter tops. Each of the four bedrooms has a walk-in closet, so there’s plenty of storage. The master bathroom has dual sinks with a separate tub and shower. Above the garage is a nice sized bonus room along with the third bathroom. The home went on the market Tuesday afternoon with an asking price of $249,000
BEST DEAL ON A TOWNHOME
107 Painted Bunting, Hampstead
This townhome in Hampstead makes its debut on our list this week. At just under 2,200 square it is actually bigger than many of the homes that surround it in the Forest at Belvedere subdivision. It has four bedrooms, which is a rare find in a townhome, and two and a half bathrooms. The master suite is located on the ground floor and gives access to a screened back porch. Since the house is on a corner lot, you’ll find a rather nice sized yard, and in the back, the yard leads to a wooded area that gives you a feeling of seclusion. On the downside, this unit is being rented out and is under a lease agreement that expires at the end of May. Tw0 similar units sold in this development in the past year. Their sales went for $111 and $118 per square foot. This one is listed at $103.31 for an asking price of $224,900.
BEST DEAL ON A LUXURY HOME
605 Bradley Creek Point, Wilmington
This home was appraised for $1,150,000 last April. When the property first went on the market in November, the homeowners listed it for less than the appraised value. They’ve recently dropped the price by an additional $30,000. For those buyers in the high-end market, it would be hard to find a better deal than this one of a kind, custom home. It comes with all the extras including floor to ceiling windows, an elevator, and an indoor saltwater pool. In the kitchen, you’ll find a six burner gas stove, double convection ovens, and built-in refrigerator drawers. A new roof and two new HVAC units were installed last year. The 5,200 square foot home has four bedrooms and four baths. Asking price $995,000.
BEST NEW DEAL ON A HOME WITH A POOL
4800 Grouse Woods Trail
This home is located in the Belmar Forest neighborhood. We first noticed it because the price per square foot is lower than any other that has sold in this subdivision in the last year. This is a four bedroom, two and half bath house with just under 2,800 square feet. New carpeting was installed throughout the house last year. The downstairs is open between the kitchen and living room. There’s also a formal dining room on the first floor and a smaller living area which could be used as a sitting room or an office. What we really like about this house is the back yard. It’s a nice sized lot surrounded by a privacy fence. In the middle of the yard is an inground pool. On the downside, it’s one of the highest price tags in the development. However, considering the size and condition, not to mention the pool, it is still an excellent deal at $112 per square foot. The asking price is $310,000.
BEST DEAL IN BURGAW
7971 Old River Road
This home is in the Morgan Cove neighborhood. It features three bedrooms, three baths, hardwood floors, and 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.
THE BEST DEAL ON A HOME WITH A BOAT SLIP
1019 Marshside Way, Leland
This property was recently featured on our weekly best deals segment on WECT. Highland Shores is a waterfront community tucked off Highway 133 in Leland, roughly 7 minutes from downtown Wilmington. This custom home was constructed by a builder as his private residence. 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 recently. 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 a 30′ boat slip and 10,000 pound electric lift. There are currently 57 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 $475,000.
BEST DEAL IN ST. JAMES PLANTATION
3501 Sanderling Drive, SE Southport
There’s no mystery as to why we think this is a good deal. In the last year, 184 homes have sold in St James. The median price of those homes was $152.66 per square foot. This house has an asking price of $105.32. The single story, brick-level home, is located on a corner lot. It has four bedrooms, two and a half baths, and just under 2,700 square feet. The home offers hardwood floors, Corian countertops, double ovens, whirlpool bathtub, a bidet, and plenty of built-in cabinets and bookshelves. One downside, at least for some buyers, is the interior color of paint. The current owners used pastel shades of beige, pink, blue, yellow and green. But, even when you calculate the cost of several cans of paint, this home remains an incredible deal. Asking price $279,950.
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 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 HAMPSTEAD
102 Collins Way
For the past year, a new neighborhood has been going up off 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 IN THE 28403 ZIP CODE
2103 Ascott Place
This property 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.
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.