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.

Houses in both neighborhoods have been selling fast. A total of nine pre-1940 Lindley Park houses have sold since March 1; six were on the market a week or less when their owners accepted offers. In Fisher Park, an amazing 13 classic houses have sold. Four owners accepted offers within a week and four more, within a month.

The pace is holding up, too, in Fisher Park, at least. There are seven pending sales in Fisher Park right now; three of the offers were accepted within a week of listing and two more were accepted within a month. The Lindley Park market is all but exhausted at the moment. Only one house has a pending sale; its owner accepted an offer the day it went up for sale. There are only two other older homes for sale in the neighborhood — one that’s been on the market for two weeks and a single-family home divided into two apartments, which has been on the market for six weeks. Demand has been slow for that type of property.

In many cases, of course, the premium is just a token amount. But anytime you get more than you’re asking, you’re doing awfully well. Among the other classic houses that have sold at prices above their asking prices:

  • The College Hill and Dunleith historic districts have had one each. As in Fisher Park, the supply of houses for sale has been up compared to 2017, and many sales have come quickly, especially among the more expensive properties.
  • Two have been classic Mid-Century Modern homes, one in Hamilton Lakes for $444,000 (plus-$5,000) and one in O.Henry Oaks for $95,000 (plus-$5,100).
  • There has been one house in Guilford County outside Greensboro that sold at a premium, a restored 1902 farmhouse in Whitsett that went for an absurdly low $262,000 in a foreclosure sale (previous sale: $425,000). The asking price had been $259,900.
  • Absent from the list of neighborhoods with classic houses selling at a premium: Irving Park and Sedgefield. Especially for the most expensive older homes in those highest-of-high-end neighborhoods, demand just isn’t there.

Overall, it’s a pattern much like what we saw last year: Strong demand for classic homes, even though the number of homes for sale in many older neighborhoods has been higher in 2018.

Some of the highlights among houses that have sold at a premium recently:

317 E. Hendrix Street, Fisher Park

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  • Sale price: $228,000
  • Asking price: $199,900
  • Days for sale before accepting an offer: 6

105 W. Hendrix Street, Fisher Park

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  • Sale price: $190,000
  • Asking price: $185,000
  • Days for sale before accepting an offer: 5
  • Note: What is it about Hendrix Street?

128 Northridge Street, Lindley Park

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  • Sale price: $155,000
  • Asking price: $152,000
  • Days for sale before accepting offer: 1
  • Note: And then right next door, there’s …

130 Northridge Street, Lindley Park

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  • Sale price: $186,000
  • Asking price: $185,000
  • Days for sale before accepting offer: 5
  • Note: If you want to live on Northridge Street, get in line.

615 Percy Street, Dunleith

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  • Sale Price: $249,000
  • Asking Price: $247,000
  • Days for sale before accepting an offer: 2
  • Note: Built in 1906

1504 Northfield Street, Westerwood

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  • Sale price: $280,000
  • Asking price: $270,000
  • Days for sale before accepting an offer: 3
  • Note: For sale by owner

605 Kemp Road West, Hamilton Lakes

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  • Sale price: $444,000
  • Asking price: $439,000
  • Days for sale before accepting an offer: 3
  • Note: It’s not for everyone, but Mid-Century Modern has an enduring appeal. And there aren’t that many of them in Greensboro and Guilford County.

1611 Longfellow, O.Henry Oaks

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  • Sale price: $95,000
  • Asking price: $89,900
  • Days for sale before accepting an offer: 7
  • Note: Mid-Century Modern wasn’t just for the ritzy neighborhoods.

1502 Upland Street, Cone Mill

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  • Sale price: $90,500
  • Asking price: $85,000
  • Days for sale before accepting an offer: 2
  • Note: Built and originally owned by Cone Mills

7204 Whitsett Park Road, Whitsett

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  • Sale price: $262,000
  • Asking price: $259,900
  • Days for sale before accepting an offer: 18
  • Note: Built in 1902. This could be the bargain of the year — it sold for $425,000 in 2010. But this time it was a foreclosure sale.

107 S. Mendenhall Street, College Hill

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  • Sale price: $370,000
  • Asking price: $369,900
  • Days for sale before accepting an offer: 19
  • Note: For sale by owner. OK, it’s only $100, but a hundred bucks is a hundred bucks.

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.

You’re invited to celebrate this milestone, meet some of the designers and hear first-hand about their plans. The home will host a “Meet the Designers” event Thursday March 1, from 6 p.m. to 8 p.m. Ticket sales will benefit Preservation Greensboro.

Tickets are $50. A limited number are still available. Click here to buy tickets and for more information.