Three of the homes we featured last week went under contract. Another home has reduced its price by $35,000. Here is the list for March 15th, 2019
BEST DEAL IN CAROLINA PLACE
2002 Metts Avenue, Wilmington
Carolina Place is one of the more trendy neighborhoods in Wilmington. The homes were built in the 1930s and ’40s and in the last couple of decades, most of them have been updated and remodeled. This dutch colonial style home, built in 1940, came on the market this week. In the last year, the median price per square foot in this area was $175. This home is listed at $151.09. The current owner has been using it as a vacation home, and it’s only occupied only half the time. It’s 1979 square feet with four bedrooms, three bathrooms and original hardwood floors. A rear deck with an arbor was recently added. You can fit a couple of compact cars in the back, but as is the case with many homes in this area, street parking is the norm, Asking price is $299,000.
BEST DEAL IN ROCKY POINT
34 Raven Drive
This home makes its debut on our list this week. It has all the modern convinces and luxuries of a home built in 2008, and yet it has a lot of the style, like a wrap around front porch and crown molding, that is a throwback to an earlier time. The four bedroom, two and a half bath home, is located in the desirable Topsail school district. Other features include a first-floor master suite, tray ceilings, a large bonus room, screened porch, and a fenced back yard. Twenty-seven homes have sold in the Avendale subdivision in the last year. Only 3 have gone for a lower price per square foot (and all those prices were within $2 of this house.) Asking price $299,000.
BEST DEAL WITH A POOL
1860 Oak Harbour DR, Ocean Isle
On paper, this home jumps off the page as a good deal. It’s located in the Oak Harbour Phase Two neighborhood. In the past year, 7 homes have sold there ranging in price from $125 per square foot up to $175. This home is listed at just $89.66 per square foot. As for the pool, it is indoors in a 1,000 square foot room equipped with a bar and fireplace. The rest of the house has three bedrooms and four baths, including a large guest suite upstairs. Buyers will find some cosmetic issues. The carpeting needs to be replaced. The current paint colors will not work for everyone, and for a house this size the kitchen is rather small. The listing agent also told us the new owners will need to make some repairs to the gutters. Even with the minor issues, to own more than 4,700 square feet, just five minutes from the beach, with community dock access, and a beautiful indoor pool, it’d be hard to find a better deal than this one. Asking price $424,900.
BEST NEW DEAL ON THE MARKET
7398 Crystal Stone Court,
Two hundred and forty two homes went on the market in the tri-county arealast week. The one we choose is arguably a controversial selection. To be sure, there is a lot we like about this home. For something built in 2003, in so many ways, this is like buying new construction. The current owners have added new drywall, new hardwood floors, custom cabinetry, granite countertops, subway tiling, and stainless steel appliances. Upstairs, there is a huge bonus room, with a pool table and poker table that are being thrown in as part of the sale. For $100. a square foot, this is a lot of bang for your buck. Then there is the issue that you can’t avoid. In September this home, like virtually all of the Stoney Creek neighborhood was under water. You’ve probably seen the video of the flood damage in Leland. One of the clips that went viral was taken from a drone flying over this area. We’ve seen a lot of post-Florence homes come on the market. Most of those were being sold as is, with the new owners expected to make all the repairs. In this case, the heavy lifting has been done for you. The other notable difference is, unlike many of the other homes in the neighborhood, this one is not in a flood zone. The zone officially ends down the street. It was the uniqueness of Florence, the slow-moving storm, with so much rain, that created the problem. But if it happened once, it could happen again. Buyers need to be aware of the recent history. Asking price is $225,000
BEST DEAL IN THE 28403 ZIP CODE
2103 Ascott Place
UPDATE $35,000 PRICE REDUCTION
Almost a year ago, in early April, this house came on the market with an asking price of $575,000. The owners have dropped the price a few times in the last 11 months, with the most recent reduction happing on Thursday. 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 $115.39 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. New asking price is $399,950.
BEST DEAL ON A LARGE HOME
6719 Finian Drive, Wilmington
It’s hard to get a sense, by the photographs alone, of the actual size of this house. It’s located off Masonboro Loop Road and it’s mammoth! At 6,066 there are only 19 larger homes currently for sale in New Hanover County and all of those come with a seven-figure price tag. By comparison, this home has an asking price of $725,000 or $119 per square. And, you still get all the custom extras including high soaring ceilings, Italian tile surrounding the fireplace, built-in bookshelves, wide plank hardwood flooring, plantation shutters, gourmet kitchen with double ovens and a five burner gas stove top. It has five bedrooms, 4 and a half baths, and in addition to a two car garage, there is a detached two car garage/shop.
BEST DEAL UNDER $150,000
486 H ollyview Drive Bolvia
This is a very unique property, and it was featured by our Kathleen Baylies in her weekly report on WECT. Let’s get the negative out of the way first, because it could be a big issue for some buyers. This home will not qualify for a VA or FHA loan. The reason is the home, which was built in 1972, started out as just a fishing cabin, but over time the owners added two extra bedrooms. The home is on a septic tank large enough for all the rooms, but the new bedrooms are interior rooms without windows. It’s a lack of windows that keeps this home from qualifying for a federally backed loan. But, for buyers who can either pay cash or get another type of loan, it would be very hard to find a home this close to the water at this price. It’s located second row from the Intracoastal in the Sunset Harbor community, a two-minute drive to a public boat launch. Directly behind the main house is a cookhouse. As the story goes, the wife did not like the smell of fish cooking, so the husband built a separate kitchen. The home also includes an additional storage unit and a fenced-in storage area big enough for a fishing boat. Asking price $119,900.
BEST DEAL ON A LUXURY HOME
605 Bradley Creek Point, Wilmington
Mathematically speaking, this is one of the best deal we’ve seen in a long time. This house has an asking price $250,000 under its appraised value. Someone is going to get a great deal on this one of a kind custom built home. The property 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. Our Kathleen Baylies recently toured the home for our weekly report on WECT. Click here to watch the segment, but remember it was taped before the price dropped. The new asking price is $899,000.
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 perhaps slightly dated. It features a style, especially in the kitchen, that was more popular in the ’90s. Our favorite part of the house is the wrap-around porch. The house also includes an attached two car garage and a detached workshop. This is a bank owned foreclosure and is being sold “as is.” Asking price $279,900.
BEST DEAL ON A TOWNHOME
107 Painted Bunting, Hampstead
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. Two 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 IN LANDFALL: 813 Oak Creek Place $609,000 Click here for more information.
BEST DEAL IN HAMPSTEAD: 102 Collins Way $365,991. Click here for more information.
THE BEST DEAL ON A HOME WITH A BOAT SLIP: 1019 Marshside Way, Leland $450,000 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.