Update: The owners accepted an offer eights days after they listed the property for sale. That deal fell through, however, as did a second contract. A third contract resulted in a sale, though at a surprisingly low price: $274,000 (on June 15, 2020).
Southside is a downtown neighborhood of classic old houses and well designed new homes that fit very nicely together into a “traditional neighborhood” redevelopment plan. Houses come onto the market in Southside more rarely than any other neighborhood in Greensboro, so if you’d like to live there, you need to be ready to go when the infrequent opportunities arise.
There’s been a conspicuous shortage of homes for sale in the Dunleath Historic District lately, so 810 Cypress Street is a rare find. It was sold 10 months ago and thoroughly renovated. When it was sold, it looked like this:
Two interesting old houses turned up for sale in the past couple of weeks with a disappointing element in common: Both owners appear more interested in selling to developers than to homeowners. Each of the properties has a bit of acreage, and both are in areas that have been developed with subdivisions in the past few decades. Losing them would eliminate pieces of Greensboro’s historic character from once-outlying neighborhoods where little of that quality remains.
The for-sale sign went up at 616 East Lake Drive last Wednesday. The sellers accepted an offer by Saturday, and all I could think was, “What took so long?” Even at a relatively high price (for Westerwood) of $725,000, it’s no surprise the house went off the market so quickly. It’s one of the most impressive mid-century houses in Greensboro.
There are few houses for sale in Greensboro’s three historic districts this winter. College Hill, Dunleath and Fisher Park have a total of just six houses for sale right now (three others under contract). Still, some of those homes are among the finest historic homes in the city. One of the highlights is 305 S. Mendenhall Street in College Hill, the Stokes-Dees House.
Update: The house was sold for $420,000 on September 12, 2018.
There are grand, beautiful houses that have been sold three or four times in the past 20 years. This kind of turnover typically says nothing about the house; we just live in a restless time. That’s especially true for the upwardly mobile types who can afford to pay, say, $400,000, $500,000 or more for a house. People who are in a position to make big money tend to go where it leads them.
The foursquare house at 429 North Cedar Street is available to someone who might want to move it. The structure has been relocated once before. It sits on a cinderblock foundation. Many original architectural features have been lost, but they can be re-created or re-imagined.
Update: The final upset bid of $252,000 was filed July 17; I think it was the 10th, but I could have missed one or two. The sale closed on July 28, 2018.
906 Olive Street is a nice little Fisher Park house. Built in 1938, it has four bedrooms, two bathrooms, 1,938 square feet. It has a smallish front porch, gray shingle siding and a couple trees in the front yard. It’s a little on the modest side for Fisher Park. There have been a few more or less similar houses for sale in the neighborhood recently. It’s in foreclosure, also like a few others recently. Nice but not especially remarkable.
BB&T is readying Edgewood for sale. Crews have been trimming shrubs and undergrowth from the property this week, and some trees have been taken down or trimmed. And now a real estate agent’s sign has appeared at the curb of 111 Arden Place.
The stone mansion and 2.5-acre site in Sunset Hills date back to 1915. BB&T, apparently one of multiple lenders with money in the property, bought Edgewood in a foreclosure auction in January. The bank spent $770,000 to get it. Anyone who wants to save it is probably going to have to outbid developers who would tear the house down and squeeze in as many big, expensive new houses as they can. And in one of Greensboro’s most popular neighborhoods, no less. Once “For Sale” replaces “Coming Soon,” the outcome may not be far off.
Update: The house was listed for 30 days and then withdrawn. The owners now have put it up for rent again.
Westerwood is a showcase for the qualities of early 20th-century homes. The neighborhood got started in the 1890s but didn’t take off until the 1920s. Its winding, tree-lined streets are a populated with a variety of beautifully designed Craftsman bungalows, Tudor Revival cottages and Colonial Revivals with the occasional mansion (Double Oaks) and now even a remarkable Mid-Century Modern home mixed in.
Update: The house sold for $465,000 on May 29, 2020.
For decades, High Point Road was a primary route between Greensboro and High Point. Anyone paying the least attention as they passed Sedgefield saw 3000 W. Sedgefield Drive, facing the road between streets leading into and out of the area. For many of the tens of thousands of drivers who passed it every day, it was about all they saw of Greensboro’s classic golf-course development.
Hillside, unlike the other houses on this website, isn’t actually for sale. Its owners, Michael and Eric Fuko-Rizzo, bought the decrepit Fisher Park landmark in 2016 for $415,000. As they’ve invested what must be a breathtaking amount into resuscitating it, the project has gained a national following. Their determination and patience have been heroic, and the results are spectacular.
[Update: 1611 Longfellow sold for $95,000, a $6,000 premium to its asking price, on May 15, 2018. 105 Falkener Drive sold for $312,000 on August 13, 2018.]
Most people tend to think of Mid-Century Modern as a high-end home style with exalted prices, found in exclusive neighborhoods like Irving Park and Hamilton Lakes. That’s often true, but not always. Two mid-century modern homes have come up for sale in Greensboro recently, and one does fit that profile. The other certainly doesn’t.
Greensboro’s older neighborhoods are very popular. That’s easy to see from the prices their homes sell for and, in many cases, how quickly they sell. As part of its update of the city’s comprehensive plan, the Greensboro Planning Department commissioned a survey that at least partly tells why: A lot of people like walkable, mixed-use neighborhoods. That description that matches Fisher Park, College Hill, Lindley Park, Sunset Hills, the Asheboro Community, Glenwood and other older neighborhoods where stores, churches, parks, apartments, etc., exist amid the houses.
Information from attorney Craig Taylor, immediate past president of Preservation Greensboro:
“On Monday I spoke to a person in BB&T’s bank-owned properties group about 111 Arden Place. As I suspected, the house was involved in a complicated legal situation, and BB&T has been working to satisfy all the creditors who had lien rights on the house. Apparently that process is almost complete.
Deteriorating neighborhoods and lack of affordable stable housing negatively impact education, economic development, and the quality of life we all want. About one in every four Greensboro households is struggling to have a place to live. Some are on the streets, some in homeless shelters. More are “staying” in crowded spaces with friends or relatives. Most of those struggling households that do have homes are paying more than a third of their meager incomes to rent places that sometimes make them sick.
Update March 12, 2018: The house was on the market for four days before an offer of $1.655 million was accepted. The sale closed March 12, 2018.
Joseph and Kathleen Bryan bought a brand-new home in Irving Park in 1935, and now it’s on the market for the first time in 83 years. The 6,000 square-foot house was listed today at $1.675 million.
Bryan left the home to the Joseph M. Bryan Foundation when he died in 1995. The foundation leased it to UNCG for use as the chancellor’s residence until the university recently bought the new guy a McMansion at 15 Clubview Court near the Starmount Forest Country Club.
BB&T has bought Edgewood, the mansion and 2.26-acre property at 111 Arden Place. It paid $770,000 in an auction at the Guilford County Courthouse on Tuesday. Their plans for the property are unknown; their representative at the auction works for a law firm and didn’t know. I’ve asked the bank and hope to hear back soon.
Note, January 11, 2018: This post has been revised with comments and an additional photo from Benjamin Briggs, executive director of Preservation Greensboro.
When you look at auction.com, you can expect most of the listings to be foreclosed subdivision homes, condos and townhouses. Pretty mundane places. The last thing you might expect would be a house like 111 Arden Place, a 5,200 square-foot stone mansion on 2.26 acres in Sunset Hills. The tax value of the property is just over $1 million. In 1999, the last time it was sold before foreclosure last year, the price was $845,000. This could be an interesting auction.
Have you ever said to yourself, “I’d like to buy a million-dollar mansion in Irving Park, but what would I do with 8,000 square feet?” Who has enough furniture?
Maybe the house you’re looking for is 1915 Granville Road, a 1936 Georgian that has the luxury of an Irving Park mansion wrapped up in a tidy 2,600 square feet. The price is $839,900, which works out to $321 per square foot, right up there with the neighborhood’s finest mansions.
OK, it turns out there has been one classic million-dollar mansion sold in Greensboro this year, after all. And it’s a landmark. 415 Sunset Drive was apparently unlisted before it was sold last month.
The Thornton Brooks House comprises 6,800 square feet on 1.5-plus acres in the heart of Irving Park. Six bedrooms, six bathrooms and two half baths. It was built in the mid-1930s for the son of a founder of the Brooks, Humphrey, etc., etc., law firm. Brooks and his wife owned the house for 51 years. Recently, it has fallen upon hard times. It has been listed for sale eight times since 2008 at prices ranging from $4.3 million down to $2.3 million. It finally sold for $1.5 million.
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?
Update: The house sold for $215,000 on February 22, 2018.
There aren’t too many Spanish Revival homes in Greensboro, so the few we have tend to stand out. That’s especially true for 307 S. Tremont Drive, a beautifully restored Sunset Hills home that went on the market last week for $224,900. The market is strong for houses in the older neighborhoods west of downtown; I’m a little surprised this house is still for sale after a week. That could change after an open house on Sunday.
If you’ve ever wanted to restore a historic home to its glory, Greensboro and Guilford County are full of opportunities for you. A new page has been added to the website to list homes whose defining characteristic might be described as “needs work … needs TLC … renovation project … rehab project … diamond in the rough … gutted” or the more legalistic “offered with no representations or warranties as to property condition.”
For those with the skills, patience and more money than you think you’ll need, here are five of Greensboro and Guilford’s best renovation opportunities.
Update: The house sold for $335,000 on November 3, 2017.
South Elam Avenue between Walker Avenue and Spring Garden Street has a couple of two-story Victorians standing up among the bungalows that line the street. 808 South Elam is the larger of the two at just under 3,000 square feet, and its $355,000 price tag ($121/square foot) makes it an outstanding value in Lindley Park.