Two of the homes we featured last week went under contract. Here is the list of February9,900 22, 2o19.
BEST DEAL IN CAROLINA BEACH
1507 Mackerel Lane,
Some folks won’t consider a condo or a townhome because they think it will be too small. but would you change your mind if the property was more than 3,000 square feet? This is a huge condominium, six bedrooms (two are master suites) and four and a half baths. In addition, there are features like nine-foot ceilings, wood floors, granite counter tops, walk-in closets, walk-in shower, whirlpool tub and more. The real selling point may be the deck located on the top of the unit. From there you have panoramic views of the island and ocean. The average price per square foot in Carolina Beach is $222. This home is listed at $129.67 and it comes completely furnished. However there are a couple of issues that any potential buyer needs to be cautious about. The unit is reported to have suffered some limited water damage ceiling damage in the storm, and mold has been discovered. The seller’s agent told us they are looking into the problem. Secondly, if you visit the home, you will see the adjoining unit is not nearly as in good of shape. There is peeling paint, it needs to be power washed. and there’s a large chained link dog kennel on the front porch. Even so you’d be hard pressed to get into a home, that is this large and this nice, for anywhere near this price at the beach. Asking price $399,900
BEST NEW DEAL IN THE COUNTRY
1831 Anderson Road, Willard
Let’s start with the numbers. This 4,272 square foot home, with four bedrooms and three baths, on more than one acre of land, is only $65.52 a square foot. You’ll find this deal in Willard, North Carolina. The Pender County town is located halfway between Watha and Wallace. The home is in good shape, but it’s not what you would call up-to-date. It features a style, especially in the kitchen, that was more popular in the ’90s. The most attractive part of the house is the wrap-around porch in front. The house also includes an attached two car garage, and a detached workshop. This is a bank owned foreclosure- and being sold “as is.” Asking price $279,900.
BEST DEAL ON A HISTORIC HOME
214 North 6th Street, Wilmington
Built in 1907 this home could be the answer to a couple of dreams. If your goal is to find something older in the downtown area that is move-in ready, then this home checks all those boxes. It is also the answer for those who have been fantasizing about running a bed and breakfast. The city has very strict rules on where and how many B&B’s can be located in each block, but for those who choose, the purchase of this 6,000 square foot beauty comes with an already approved B&B permit. This is known as the McEachern House. It’s been featured in three historic home tours, and was chosen as the site for the 2014 Ribbon Cutting Ceremony for the Azalea Festival. The interior features a formal parlor, library, 10 fireplaces, pocket doors, huge bedrooms, incredible wood trim (especially on the first floor) and an updated kitchen with a six burner gas stove and a 12′ granite island. Outside there’s a wrap around front porch and a screened porch in the back looking out on a fenced yard. It has five bedrooms, and five full baths. Most of the bedrooms don’t have closets, but they are of such good size, that an armoire would easily fit and match with the style. The asking price is $98.33 a square foot for a grand total of $595,000.
BEST DEAL IN THE 28412 ZIP CODE
4204 Pine Hollow Drive
This Charleston style home makes its debut on our list this week. It’s been on and off the market for more than 9 months. It caught our attention again this past weekend when the owners dropped the asking price by $29,000. What we first like about the home is the neighborhood itself. Belle Meade Plantation is an elegant, palm tree-lined community near the Monkey Junction area. This particular home occupies one of the nicest lots in the subdivision. It’s located on a corner with plenty of landscaping. Inside, there are hardwood floors, an open kitchen with granite countertops and stainless appliances. The master suite is on the ground floor, with three additional bedrooms upstairs. While touring the home this week we noticed something on the outside that may be a concern. There appears to be water damage on the exterior wall of the kitchen. Any potential buyer would want to have this inspected before closing on the home. The new listing price is $115.92 per square foot. In the last year, similar homes have sold for as much as $135 per square foot. Asking price $350,000.
BEST DEAL ON AN INVESTMENT PROPERTY
106 Fawn Street, Castle Hayne
With numerous television shows dedicated to the concept of buying old homes, renovating them and putting them back on the market or renting them out, many people are eager to see if they have what it takes to be a real estate mogal. This home in Castle Hayne is one to look at. Similar homes in the area have sold for around $122,000 to 142,000. So depending on how much of the work you could do on your own, there may room for a nice profit on a flip There is also an opportunity as a rental. Three bedroom homes of this size in Castle Hayne are getting as much as $1300 a month, or more than $15,000 in annual rent. Asking price $89,000
BEST DEAL ON A TOWNHOME
107 Painted Bunting, Hampstead
At just under 2,200 square feet this townhome 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. This unit is rented and is under a lease agreement that expires at the end of May. Tw0 similar units sold in this development in the past year. They 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 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 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 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.
BEST DEAL IN HAMPSTEAD: 102 Collins Way $365,991. Click here for more information.
BEST DEAL IN BURGAW: 7971 Old River Road Click here for more information.
THE BEST DEAL ON A HOME WITH A BOAT SLIP: 1019 Marshside Way, Leland Click here for more information.
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.