Classic House of the Week: A Distinctive 1927 Mansion in Sedgefield, $684,000

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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.

Now, Gate City Boulevard has rerouted traffic away from that part of High Point Road, leaving a quiet little stretch cut off from everyone heading to or from Adams Farm, GTCC and High Point. And 3000 W. Sedgefield is for sale for $684,000. The house is far larger than it looks, 4,164 square feet, with four bedrooms and four and a half bathrooms. That comes to $164 per square foot, comparable to Sunset Hills and well below the typical Irving Park mansion.

The lot is 1.57 acres, considerably larger than is typical in those high-end neighborhoods (though not unusual in Sedgefield). More than half of the pictures with the listing show the grounds and the house’s killer feature: It’s not a swimming pool with a waterfall; it’s “a stone grotto formed with natural boulders surrounding a heated salt water pool.”

The house itself is open and elegant with beautiful woodwork, a nicely updated eat-in kitchen and posh bathrooms. If you can live without being on the golf course, it’s the epitome of Sedgefield in a tidy 4,164 square feet and 1.57 beautiful acres.

realtor.com listing

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Good News! Your Million-Dollar Mansion Is (Still) Waiting for You!

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?

Very Close!

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The most expensive classic house sold in Greensboro this year is 607 Woodland Drive in Irving Park, which went for $999,000 in May. The bigger-than-it-looks, 3,400 square-foot home sold for a stately $312 per square foot. It was on the market three days before the owners accepted the buyer’s offer. Your results may vary.

Honorable Mention

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A 1965 Edward Lowenstein classic, 210 Kemp Road in Starmount Forest is listed at $975,000 and is now under contract. The owners are probably smart enough not to be counting their chickens or money until the sale closes, but the indoor swimming pool alone makes it worth mentioning. It may be the bargain of the year: At 7,200 square feet on just under an acre, the price works out to just $135 per square foot, a fraction of what you’ll usually pay in Greensboro’s high-end neighborhoods.

Let’s Get That Checkbook Out

Those are spoken for, but you still have seven classic homes to choose from at $1 million and up in Greensboro and Guilford County. Take your time; buyers aren’t falling all over each other to grab them. Most have been on the market for a while. Realtors say it takes longer to sell houses in this price range, and the market seems intent on proving them right.

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Ayrshire, 3215 Rockingham Road

What millionaire wouldn’t want an English manor house on Sedgefield’s Donald Ross course? For $2.9 million you get a 1935 Cotswold Tudor, 10,000-plus square foot home with four bedrooms, four full baths and three half baths, plus dining room, den, library, sunroom with a bar, stone terraces, etc. The lot is 2.88 acres. It’s been on the market for almost two years.

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Hillsdale Farm, 6043 Lake Brandt Road

I tend to avoid calling houses “historic” just because they’re old. Hillsdale Farm does have some local history attached to it, though: It was built in 1929 by Lunsford Richardson III (a son of the Vicks VapoRub inventor) and his wife, Margaret, on what was then a 2,800-acre site. Now it’s just a 13,500 square-foot home with eight bedrooms, six bathrooms and 27 acres of wooded land overlooking Lake Brandt. It’s been for sale at $2.875 million for just two months.

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815 Woodland Drive

The most expensive classic home in Greensboro proper is an Irving Park brick Georgian with five bedrooms, five and a half baths and a five-car garage. It has been for sale at an uncompromising $1.79 million since March, the sixth time since 2011 that its current owners have put it on the market. It comes with a smaller piece of Greensboro’s entrepreneurial history: It’s owned by Martin Sprock, founder of Moe’s Southwest Grill (who now lives in Charlotte).

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701 Sunset Drive

This 1937 house has been for sale since April at $1.785 million. At 4,600 square feet, it isn’t the biggest mansion you can find, but it’s not without distinction: With an opulent $388 per square foot price, it’s the most expensive classic home in Greensboro on that basis. The newly renovated home has a den/study with a wet bar, gourmet kitchen with a butler’s pantry, a master suite with a balcony and guest quarters above the garage. That’s where your chauffeur could live.

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1001 Country Club Drive

After Ayrshire, this 1928 gem is the most extravagantly designed among this bunch, a “massive Elizabethan-style dwelling with steeply pitched gables, stuccoed walls patterned in diamonds and squares at gables, all topped with distinctive tile roof,” the listing says. Its $1.69 million price is reduced from the original $1.899 million, making it the one of the few on this list that have been marked down.

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The Douglas-Ravenel House, 106 Fisher Park Circle

For $1.295 million, a great example of how Greensboro’s elite lived 100 years ago: twin living rooms, a library, an English garden with patio and pergola, towering front columns and a neoclassical facade. Thoroughly renovated, beautifully landscaped, 5,200 square feet. Built in 1912.

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804 Sunset Drive

For sale only since August, this 1925 Tudor classic overlooks the Greensboro Country Club golf course. For $1.295 million, you get 4,200 recently renovated square feet on a half acre, plus a two-bedroom, two-bath guest house attached to the garage (chauffeur). Powerball winners and other millionaires wouldn’t even blink at the $307 per square foot price.

Another $999,000 honorable mention

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200 Irving Place

As long as we’re in the neighborhood, let’s at least drive by this 1948 Irving Park classic. It’s $999,000, reduced from its original $1.075 million. Formal rooms, a study, bonus room, front and back stairs, 4,200 square feet, large corner lot, attached two-car garage, etc. “Meticulously maintained for the discriminating buyer,” the listing says. But we would expect no less, wouldn’t we?

8 Classic Homes That Have Sold at a Premium This Year in Greensboro and Guilford County

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.

Below are the eight that drew the biggest premiums (in dollars, not necessarily in percentage). They’re in the city and the county, in the more expensive neighborhoods you might expect and some lower priced neighborhoods as well. A couple could be classified as starter homes.

Oddly enough, there also have been at least four low-end rentals that have sold at a premium. It would seem as if there are way more than enough of those to go around in Greensboro, but a rental house on Elwell Avenue was listed at $31,200 and sold for $35,500. Smaller premiums were paid for houses in Glenwood, Piedmont Heights and, again, on Elwell Avenue (what’s up with Elwell Avenue?).

1504 Edgedale Road, Irving Park: + $68,000

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  • Sold for $717,000 on July 24 (listed at $649,000), 10.5% premium
  • 3 bedrooms, 3 1/2 bathrooms, 2,835 square feet
  • Price/square foot: $253
  • Built in 1938
  • Listed May 16, 2017
  • Last sale: $450,000, August 2000

There have been a good number of high-end houses available in Irving Park this year (still are, in fact), but there must have been something special about 1504 Edgedale.

2959 N.C. 62 East, Liberty: + $25,000

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  • Sold for $145,000 on August 24, 2017 (listed at $120,000), 21% premium
  • 3 bedrooms, 2 bathrooms, 1,400 square feet, 1.4 acres
  • Price/square foot: $104
  • Built in 1929
  • Listed May 2, 2017
  • Last sale: October 1996, price not available in online records
  • Note: Property is in Guilford County but has a Liberty mailing address.

What makes a property sell at a premium? Right price, right place, good timing. And perhaps some intangibles that don’t show up in the property records.

5510 High Point Road, Sedgefield: + $9,100

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  • Sold for $209,000 on September 5 (listed at $199,900), 4.5% premium
  • 4 bedrooms, 2 1/2 bathrooms, 2,711 square feet
  • Price/square foot: $77
  • Built in 1941
  • Listed April 19, 2017
  • Last sale: $225,000, April 2013

The owners accepted an offer about two weeks after listing it, but then had to wait four months to close. But for $9,100 over the asking price, why not? Sweet location: The house is on the little cut-off section of High Point Road that was bypassed by the rerouted Gate City Boulevard.

305 S. Elam Avenue, Lindley Park: + $5,250

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  • Sold for $255,000 on August 30 (listed at $249,750), 21% premium
  • 3 bedrooms, 3 bathrooms, 1,642 square feet
  • Price/square foot: $155
  • Built in 1926
  • Listed June 24, 2017
  • Last sale: $200,000, November 2005

Nice little house. Great backyard for kids.

1603 Roseland Avenue, McAdoo Heights: + $5,100

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  • Sold for $120,000 on May 26 (listed at $114,900), 4% premium
  • 3 bedrooms, 2 bathrooms, 1,032 square feet
  • Price/square foot: $116
  • Built in 1937
  • Listed April 11, 2017
  • Last sale: $112,000, June 2009

That second bathroom is a killer feature in a starter home like this.

2312 Fortune Lane, Guilford Hills: + $5,000

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  • Sold for $130,000 on June 21, 2017 (listed at $125,000), 4% premium
  • 3 bedrooms, 2 bathrooms, 1,220 square feet
  • Price/square foot: $107
  • Built in 1940
  • Listed May 9, 2017
  • Last sale: $85,000, June 1995
  • Neighborhood: Guilford Hills

Again, a starter home with two bathrooms. This one apparently had been a rental (it wasn’t owner occupied), but the property record now shows this as the new owner’s address.

700 Magnolia Street, Fisher Park: + $4,500

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  • Sold for $199,500 on April 27, 2017 (listed at $195,000), 2% premium
  • 2 bedrooms, 2 bathrooms, 1,680 square feet
  • Price/square foot: $119
  • Built in 1900
  • Listed March 1, 2017
  • Last sale: June 1975, $15,500

The seller accepted an offer two days after putting it on the market.

2509 Sherwood Street, Lindley Park: + $4,000

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  • Sold for $263,000 on June 6, 2017 (listed at $259,000), 1.5% premium
  • 3 bedrooms, 2 bathrooms, 1,850 square feet
  • Price/square foot: $142
  • Built in 1939
  • Listed April 28, 2017
  • Last sale: $232,000, May 2010

Another nice little house that demonstrates how popular Lindley Park is these days.

(Sources: sale figures, Guilford County Tax Department and TriadMLS.com; asking prices, online listings)

 

3215 N. Rockingham Road: A 1935 Cotswold Tudor manor house for $2.9 million

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3215 N. Rockingham Road is an English manor house in Sedgefield. It even has a name, Ayrshire. There probably aren’t many English manor houses built on golf courses, but, still, you could easily see DCI Barnaby or Miss Marple knocking on the door to ask the lord about a mysterious death in the village.

3215 n. rockingham road front alt cropped.jpegAyrshire is for sale at $2.9 million. A 1935 Cotswold Tudor, its 10,000-plus square feet contain four bedrooms, four full baths and three half baths, plus dining room, den, library, sunroom with a bar, stone terraces, etc. The lot is 2.88 acres, backing up to Sedgefield’s Donald Ross golf course.

The interior features butterfly pegged floors, wood and plaster moldings, leaded glass windows, solid wood beams, and a marble wall fountain in the main hall. A breezeway connects the house to its garages, two-bedroom guest quarters and herb garden. A magazine article some years ago details its interior design and the extravagant sourcing of its reclaimed stone and wooden beams.

Ayrshire has been on the market for a year and a half. It previously was listed in 2011 and 2012 for $3.75 million. Its current price of $2.9 million, $271/square foot, isn’t quite as extravagant as the property itself. There are any number of smaller properties with higher prices on a square-foot basis.

There isn’t a classier residence in a classier neighborhood in Greensboro. Then again, there isn’t one with a higher price tag, either. It’s the most expensive property currently for sale in Greensboro.

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Offers coming quickly in Irving Park, Sunset Hills, Lindley Park

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607 Woodland Drive, asking $999,000, $312/square foot, offer accepted in three days

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.

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309 Woodbine Court, asking $394,900, $159/square foot, offer accepted in two days

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.

Elsewhere:

  • 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.