207 North Park Drive: The Real Estate Crash of 2008 Still Echoes, Even in the Best Neighborhoods

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207 North Park Drive is a Fisher Park classic, a Craftsman bungalow with beautiful stone columns. Built in 1912, it overlooks the park on one of the neighborhood’s finest streets. It sold last week for $398,900, its full asking price and a pretty impressive number considering it’s not quite 2,000 square feet. That comes out to $206 per square foot, up near the top of the range for the neighborhood and way above what many Fisher Park houses have sold for recently. The house was on the market just over a week before an offer was accepted.

Even at that price, though, the sellers took a loss. They bought the house for $399,750, and that was 12 long years ago. It’s not a big loss, less than $1,000 (but don’t forget the real estate agents’ commission, likely 6 percent — almost $24,000). Still, how could such a fine house in Fisher Park fail to appreciate in 12 years? The answer: The house was bought in September 2007, only a year before real estate crashed. The pre-catastrophe market was just about at its peak.

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Classic Homes Are Selling at a Premium Again This Year, Especially in Lindley Park and Fisher Park

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609 Magnolia Street in Fisher Park: Sale price, $350,000; asking price, $339,900; for sale, 4 days.

There aren’t enough older homes for sale in Lindley Park and Fisher Park to go around. Since March 1, at least 20 classic homes in Greensboro have sold at a premium to their asking prices. Five have been in Lindley Park and three have been in Fisher Park. The other 12 have been scattered around town.

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On March 1, Come Meet the Designers Who Will Give Hillside Mansion Its Ultimate Makeover

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Twenty-five designers will converge on Hillside, the Julian Price House, in March to turn it into a designer showhouse.

Meet the Designers
Hillside Mansion, 301 Fisher Park Circle
Thursday, March 1, 6 p.m. to 8:30 p.m.
Tickets, $50

The Julian Price House is almost all the way home on its long journey from being featured on “Hoarders” to becoming a Designer Showhouse for three weeks in April.  Once threatened with destruction, historic Hillside will receive a luxurious makeover in March by 25 designers from New York, Dallas and other cities, including Greensboro.

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