Here’s a segment of the market for classic homes in Greensboro that’s doing just about nothing this year: $1 million and up. Not a single classic home in that price range has sold (as far as my records show). Where did all the millionaires go?
The most expensive classic house sold in Greensboro this year is 607 Woodland Drive in Irving Park, which went for $999,000 in May. The bigger-than-it-looks, 3,400 square-foot home sold for a stately $312 per square foot. It was on the market three days before the owners accepted the buyer’s offer. Your results may vary.
A 1965 Edward Lowenstein classic, 210 Kemp Road in Starmount Forest is listed at $975,000 and is now under contract. The owners are probably smart enough not to be counting their chickens or money until the sale closes, but the indoor swimming pool alone makes it worth mentioning. It may be the bargain of the year: At 7,200 square feet on just under an acre, the price works out to just $135 per square foot, a fraction of what you’ll usually pay in Greensboro’s high-end neighborhoods.
Let’s Get That Checkbook Out
Those are spoken for, but you still have seven classic homes to choose from at $1 million and up in Greensboro and Guilford County. Take your time; buyers aren’t falling all over each other to grab them. Most have been on the market for a while. Realtors say it takes longer to sell houses in this price range, and the market seems intent on proving them right.
What millionaire wouldn’t want an English manor house on Sedgefield’s Donald Ross course? For $2.9 million you get a 1935 Cotswold Tudor, 10,000-plus square foot home with four bedrooms, four full baths and three half baths, plus dining room, den, library, sunroom with a bar, stone terraces, etc. The lot is 2.88 acres. It’s been on the market for almost two years.
I tend to avoid calling houses “historic” just because they’re old. Hillsdale Farm does have some local history attached to it, though: It was built in 1929 by Lunsford Richardson III (a son of the Vicks VapoRub inventor) and his wife, Margaret, on what was then a 2,800-acre site. Now it’s just a 13,500 square-foot home with eight bedrooms, six bathrooms and 27 acres of wooded land overlooking Lake Brandt. It’s been for sale at $2.875 million for just two months.
The most expensive classic home in Greensboro proper is an Irving Park brick Georgian with five bedrooms, five and a half baths and a five-car garage. It has been for sale at an uncompromising $1.79 million since March, the sixth time since 2011 that its current owners have put it on the market. It comes with a smaller piece of Greensboro’s entrepreneurial history: It’s owned by Martin Sprock, founder of Moe’s Southwest Grill (who now lives in Charlotte).
This 1937 house has been for sale since April at $1.785 million. At 4,600 square feet, it isn’t the biggest mansion you can find, but it’s not without distinction: With an opulent $388 per square foot price, it’s the most expensive classic home in Greensboro on that basis. The newly renovated home has a den/study with a wet bar, gourmet kitchen with a butler’s pantry, a master suite with a balcony and guest quarters above the garage. That’s where your chauffeur could live.
After Ayrshire, this 1928 gem is the most extravagantly designed among this bunch, a “massive Elizabethan-style dwelling with steeply pitched gables, stuccoed walls patterned in diamonds and squares at gables, all topped with distinctive tile roof,” the listing says. Its $1.69 million price is reduced from the original $1.899 million, making it the one of the few on this list that have been marked down.
For $1.295 million, a great example of how Greensboro’s elite lived 100 years ago: twin living rooms, a library, an English garden with patio and pergola, towering front columns and a neoclassical facade. Thoroughly renovated, beautifully landscaped, 5,200 square feet. Built in 1912.
For sale only since August, this 1925 Tudor classic overlooks the Greensboro Country Club golf course. For $1.295 million, you get 4,200 recently renovated square feet on a half acre, plus a two-bedroom, two-bath guest house attached to the garage (chauffeur). Powerball winners and other millionaires wouldn’t even blink at the $307 per square foot price.
Another $999,000 honorable mention
As long as we’re in the neighborhood, let’s at least drive by this 1948 Irving Park classic. It’s $999,000, reduced from its original $1.075 million. Formal rooms, a study, bonus room, front and back stairs, 4,200 square feet, large corner lot, attached two-car garage, etc. “Meticulously maintained for the discriminating buyer,” the listing says. But we would expect no less, wouldn’t we?