The Lydia and James Cartland House is one of the earliest in Lindley Park. Built in 1905 across the street from its present location, the house crossed the street sometime in its first 20 years. Today, it’s nicely restored and a beautiful example of its time period and its neighborhood.
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.
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.
At least 18 classic homes in Greensboro and Guilford County have sold for more than their asking prices this spring and summer. That’s 17 percent of the 107 sales that I’ve tracked, a nice sign of strength for the local real-estate market. In many cases, the premium was a token amount, but, still, getting anything over asking price is worth celebrating.
Update: The house sold for $228,000 on November 1, 2017.
409 Westdale Place sits off the beaten track (Walker Avenue) in an unusual little corner of Lindley Park. The street runs one block from Walker north, ending just before it reaches South Lindell Road, so there’s no through traffic. The owners of 409 Westdale also own the undeveloped lot on Longview Street immediately behind their house, which is included in the sale (several neighbors on Westdale also own the undeveloped Longview lots behind their houses). It’s an interesting little spot.
104 Meadowbrook Terrace is the best value on the market among $1 million classic homes (aka mansions). Priced at $1.765 million, $207/square foot, it’s listed at almost the same price as the much smaller 701 Sunset Drive ($1.785 million), but on a square-foot basis it’s 47 percent less expensive (701 Sunset is $388/square foot). For the value-conscious millionaire, 104 Meadowbrook is the best buy in Greensboro.
[Update: The house was taken off the market June 3, 2017, after 19 months]
Among the few historic district homes on the market, 214 S. Mendenhall Street is a sweet combination of price and indoor-and-out beauty. At $359,000, $128/square foot, it’s priced almost identically to the nearby and also lovely 306 South Mendenhall Street ($350,000, also $128/square foot), but has a bigger, more private lot and very nice outdoor spaces.
[Update: The house has a contract pending as of June 3, 2017]
The five vintage neighborhoods west of downtown are the busiest market for classic homes in Greensboro. There are 24 on the market, and 12 are under contract. Eleven more have been sold this spring. 2808 Springwood Drive is an unusual Lindley Park home that almost looks like a beach house. The listing’s pictures of the interior look quite nice. At $199,000, $113/square foot, it’s a steal.
In east and south Greensboro, there’s nothing else like 211 N. Dudley Street. A Mid-Century Modern classic, it has been meticulously restored by its current owners (the listing’s pictures show it off well). And at $245,000, $88/square foot, it’s an amazing bargain. Located across Dudley Street from A&T, it’s perfect for an Aggie (or anyone else) who values classic Modernist design.
In the smaller towns and rural areas of Guilford County, 7204 Whitsett Park Road in Whitsett is a standout: a 1902 farmhouse on just under 2 acres, beautifully restored inside and out. The house is 3,100 square feet, and the property has a couple of outbuildings. At $299,000, $92/square foot, it’s a remarkable bargain.
[Update: An offer was accepted June 3, 2017; it fell through and the house went back on the market June 12.]
The spring home-buying season has gotten off to a fast start, particularly in Irving Park, Lindley Park and Sunset Hills. Two Irving Park homeowners have accepted very quick offers. 607 Woodland had been on the market for three days; the asking price of $999,000 works out to an impressive $312 per square foot. 1104 Sunset Drive (asking $569,000) had been on the market just four days before an offer was accepted.
In Sunset Hills, we have eight current pre-1950 listings, and six of them went under contract in March. 309 Woodbine Court ($394,900) accepted an offer in two days; 1808 Rolling Road ($400,000), seven days; 2206 W. Market ($618,000), nine days.
In Lindley Park, we have six current listings; four went under contract in March. 2611 Sherwood Street ($164,900) had been on the market two days; 803 Longview Street ($264,000), three days; and 2514 Walker Avenue ($225,000), 34 days.
- The hot item in College Hill has been townhomes in the Wafco area. Four came on the market between February 22 and March 16; all four were under contract by March 27.
- Listings are at premium in the historic districts. Aside from the townhouses under contract, College Hill has only two houses and a Wafco Mills condo on the market. Just four Fisher Park houses are listed, and two are under contract. An offer was accepted on 700 Magnolia Street ($195,000) after two days on the market. In the newly renamed Dunleath Historic District, only four houses are the market, all smaller homes priced $175,000 or lower.
- The market for classic mansions in Sedgefield is tight and moving at a pace as stately as the homes themselves. Only three older homes are on the market, all at least 4,000 square feet and on the market at least nine months. Prices range from $425,000 to $2.9 million.