Archive for May, 2008
Springcrest Neighborhood Update
May 30th, 2008 categories: Neighborhoods, Real Estate Market, Real Estate News
Time for some updated numbers on Springcrest. Springcrest is located on the east side of Erwin Road just north of the Sage Rd. intersection. It is convenient to everything, and is within walking distance of East Chapel Hill High School. (OK, it is a long walk, but high school kids can use the exercise.) It is just a short hop to 15-501, Duke, UNC, shopping and other area services.
The chart shows the number and stats of the active homes in Springcrest, as well as the houses that have closed in the past six months. Activity has picked up since February, which is usual. But take a look at the average asking price/sf vs. the average selling price/sf. This could be a reason the Days on Market has crept up. Today’s market is not the same as two years ago. Asking prices need to take this into account. Even so, Springcrest is a very nice neighborhood and worth the look. So, if you are looking for a nice home, convenient to everything, and in the East Chapel Hill High School district, give Springcrest a shot.
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6012 Turkey Farm Road, Stoneridge, Chapel Hill
May 23rd, 2008 categories: Real Estate Market
My listing at 6012 Turkey Farm Road is in full bloom and looking great! Come and see what could be yours! The home is located at 6012 Turkey Farm Road, Chapel Hill, NC. It is in the highly desirable Stoneridge/Sedgefield neighborhood. Situated on four acres, this home overlooks the Johnston Mill Nature Preserve. After wandering through your own four acres you can go across the street and spend hours in the preserve. Great privacy, yet you are close to everything! You also get the great Chapel Hill schools, without the city taxes. (There is a small school tax on top of the county tax, but it is well worth it!)
The house has three bedrooms and three full baths. There are also two additional rooms that could be used as offices, media rooms, exercise rooms - you decide how to use them! Great attached garage workshop, as well as a large outside storage shed. Great kitchen, breakfast area, family room to spend a lot of quality hours. Or get away to the comfortable living room for some quiet. There is a large back deck to relax and enjoy nature.
CLICK HERE for a VisualTour of this listing.
For more information on this wonderful home, give me a call at 919-417-9753, or email me at jjod3@earthlink.net.
UPDATE - This house is now UNDER CONTRACT! Everything looks good, but you never know. If you want to be kept informed should it go back on the market just shoot me an email.
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Transfer Tax Down In Flames
May 14th, 2008 categories: Around Town, Real Estate Market, Real Estate News
The residents of Orange County soundly defeated the County’s attempt to institute a transfer tax on the sale of homes in Orange County. Excellent! In a time of rising gas prices, rising food prices, rising prices for darn near everything, the last thing we need is local government sticking us for more taxes. In my opinion, they already have plenty of tax revenue for everything they really need to do,
The transfer tax would have been passed along to buyers and sellers, thereby raising the price of buying a home.
Well done voters of Orange County!
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Stoneridge-Sedgefield Market Update
May 7th, 2008 categories: Neighborhoods, Real Estate Market, Real Estate News
Time for an update on the statistics in the Stoneridge/Sedgefield neighborhood. It is located along Whitfield Road about one mile east of 86. It is in the area that is in the Chapel Hill School District, but not in the city limits. So, great schools, but no city tax. (There is a special school tax, but it is worth it!) Most of the homes in this neighborhood were built in the early to mid eighties, with at least an acre of land.
The chart shows the number and stats of the active homes in Stoneridge/Sedgefield as well as the houses that have closed in the past six months. These figures are a pretty good indicator of the average price in this neighborhood. You occasionally get houses priced much higher, but those are BIG houses on BIG lots!
So, if you want to be close to everything, but still have your “space”, check out Stoneridge/Sedgefield. Email me, or give me a call at 919-417-9753 if you want more info.
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