Take your pick: A 1970 mid-century modern ‘gem’ or Craftsman bungalow for $700K?
This week’s Price Point is for mid-century modernist fans.
Chapel Hill is known to have a few modernist hot spots, and this gem fits the bill. Built in 1970, it sits on almost an acre close to downtown, just a few blocks from Eastwood Lake and around the corner from neighborhoods like Coker Hills and Lake Forest. It recently sold for $700,000.
Updated throughout, the front door is painted a bold orange and features five glass panels. Inside, the fireplace is part of a teak-wood accent wall with minimalist lines. According to the listing, the property last sold just six months earlier for $332,500. If it’s a flip, that’s a whopping $368,000 gross profit.
The listing agent, Jens Hoeg of Fathom Realty NC, was not available to comment.
On the other side of town in North Raleigh, a classic Southern Craftsman in North Raleigh sold for the same price.
Given the choice and budget, which one would you go for?
829 Shadylawn Rd., Chapel Hill
Sold: $700,000 on July 7
Single-family modernist with four bedrooms and two bathrooms on a .82-acre lot
Built in 1970, this mid-century modern home is in the Green Hills neighborhood of Chapel Hill. It’s about a seven-minute drive south to downtown Chapel Hill, and about a 25-minute drive east to Durham.
The 1,978-square-foot home features refinished original hardwood flooring and other updates: new H;VAC and roof covering; tankless water heater; and kitchen with quartz countertops and stainless-steel appliances. Outdoor spaces include gated courtyard with raised planting beds, patio deck and outdoor shed.
Price per square foot: $354
HOA fees: $450 annually
Taxes: $5,311 (estimated)
Last sold: $332,500 in January 2023
Listed by: Jens Hoeg, Fathom Realty NC
105 Prince William Lane, Cary 27511
Sold: $700,000 on June 30
Traditional home with three bedrooms and three bathrooms on a .44-acre lot
Built in 1986, the home is in the Royal Ridge subdivision of Cary. It’s about a 19-minute drive east to downtown Raleigh, and about a 23-minute drive north to Raleigh-Durham International Airport.
The 3,106-square-foot home features all-brick exterior with side-entry garage. Interior offers newly polished hardwoods and kitchen cabinets with granite countertops and kitchen island. No record of permit for third floor, which can be used for fourth bedroom, bonus or office.
Price per square foot: $225
HOA fees: $196 annually
Taxes: $3,600 (estimated)
Last sold: 2009 for $290,000
Listed by: Kelly Cherry, Keller Williams Preferred Realty
11516 Old Creedmoor Rd., Raleigh, 27613
Sold: $700,000 on June 28
Single-family Craftsman house with three bedrooms and two and a half bathrooms on a 1.62-acre lot
Built in 1993, this home is in the Saddleridge subdivision in North Raleigh. It’s about a 27-minute drive south to downtown Raleigh, and about a 16-minute drive southwest to Raleigh-Durham International Airport.
The 3,332-square-foot property is custom built and has been maintained by its original owners for 30 years. Exterior features front porch, back deck and screened porch. Interior includes bonus room.
Price per square foot: $210
HOA fees: $654 annually
Taxes: $3,000 (estimated)
Last sold: 1993 for $194,000
Listed by: Jinger Robinson, NorthGroup Real Estate
This story was originally published July 13, 2023 at 9:00 AM.
