The Aubrey and Georgia Lloyd House has a lot going for it. It’s a lovely Craftsman bungalow, it’s in the very attractive West Market Terrace neighborhood. From its owners’ perspective, the best thing about it may be that they bought it for $206,500 two years ago, and now they’re about to sell it for $370,000 or so.
The house, at 209 Aberdeen Terrace, was listed for sale last Wednesday, and the owner accepted an offer that day. It’s a sign of the times — out-sized demand and limited supply — that it took only a day to get an acceptable offer and that the price is way beyond what West Market Terrace ever would have supported before.
Regardless, it’s sweet little place. Built in 1924, it has four bedrooms and three bathrooms in 1,914 square feet. That comes out to $192 per square foot, a figure more familiar in nearby Sunset Hills. The interior is impeccable, with particularly nice built-in cabinets between the kitchen and the dining room.
In 2012 the house was bought for $128,000 for renovation. It was sold later that year for $259,000. Oddly, when it was sold again in 2018, the price was just $206,500 (the names on the deed suggest the buyer and seller may be related, which may have something to do with it). And now it looks to fetch a price about 75 percent higher after two years. It just goes to show that in real estate, location isn’t quite everything — timing, too, has a lot to do with how you come out when you sell your house.
Aubrey, Georgia and Rebecca Lloyd
Aubrey and Georgia Lloyd built the house in 1924. Aubrey (1883-1974) was the seventh of 10 children born to Atlas and Mary Jane Lloyd of White Cross in Orange County. Georgia Ann Garrison Lloyd (1890-1970) was from the Stony Creek community in Alamance County, also the seventh of 10 children. She became a master milliner before she married Aubrey in 1921.
When they built their house, Aubrey was a buyer for Patterson Brothers, which operated a grocery store at 219 S. Elm Street, a fish market and a cafeteria. He had worked in a variety of jobs. “He was recognized early as being a scholar and received an above average education for a ‘farm boy’ of his time,” daughter Rebecca recalled. “He taught school in Oklahoma to Hungarian miners and learned a bit of their language. He returned to NC and worked as a Teller in the Bank of Carrboro. He married Georgia Garrison, 21 June 1921. Shortly after their marriage, he accepted a teaching job in Bluefield, WVA.”
One year in Bluefield was enough for Aubrey and Georgia. They moved to Greensboro, where Aubrey joined the Patterson company. In 1939, he bought the U-Save-It grocery store on West Market Street across from the county courthouse. “He carried many unusual ‘gourmet-type’ items and also Kosher meats and other foods which his customers appreciated,” Rebecca said. Around 1950, he sold the store. He operated the Westerwood Grocery at 508 Guilford Avenue until retiring around 1955. After his death at age 90, the house went to Rebecca, who sold it in 1972.
Cmdr. Rebecca Ann Lloyd (1929-2013), graduated from the Women’s College in 1950 and was in the U.S. Navy for 22 years, serving in Korea and Vietnam. She also worked for Adm. Hyman Rickover on the development of the first nuclear submarines. She retired in San Diego and made a fortune in the commercial real estate business. In 2006 Rebecca gave a multi-million-dollar endowment to UNCG for the establishment of the Lloyd International Honors College, named for her mother.
Her father, too, is remembered at the honors college. “He was very proud of his family’s Welsh heritage,” Rebecca said. The college’s symbol is the bright-red Welsh Dragon.