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How to Get Best Price on Landfall Real Estate in Wilmington – Part 1

Running the Numbers and Submitting an Offer in Landfall

Awhile back I created a video on the best buyers agent for Landfall homes for sale.

Those who are in the top 1% of buyer agents are unbelievably passionate about service and representation and helping them WIN at real estate. What is a “win”?  It depends on the buyer. A couple of scenarios are just landing in the house against a competing offer, or getting the home 2-3% below market value, etc.  Every transaction is case by case and so is the definition of “win”.  Whatever a win is to their client is what the buyer agent aims for.

typical landfall home in the $500-600,000 range

typical landfall home in the $500-600,000 range

 

 

 

 

 

 

 

 

Example of Running the numbers and a Landfall offer price

So here is an example of running the numbers and assessing the comps on a home for sale in the neighborhood.  I’ll leave the address blank but suffice it to say the average sold price to list price ratio is 98% in Landfall real estate Wilmington.  My clients got the home for 95% on the home and it appraised $25,000 than our sales price.  It was a very challenging transaction all the way around in terms of the life circumstances of parties involved, stress and relational tensions, etc.  One of those transactions that is a blessing to close on and move on from emotionally for sure.   Sometimes real estate is 24/7 even in your sleep with intense transactions and closure is a relief.  I’ll leave it at that; it’s an INTENSE job at times working with people in challenging transitions 🙂

 

List price was $580,000:

  • 2034 Bay Colony Ln,Wilmington, NC  28405  — good comp.  Curb appeal not as good not as grand closed $521,000 Price up from here.  Also had 3 full baths instead of 4 like
  • 2118 Bay Colony Ln, good comp closed $514,000 but is on lot less than HALF the size of  2122 harborway.  price up big from here.  Also did not have 4 full baths
  • 2013 Graywalsh Dr,Wilmington, NC  28 closed $525,000 and lot is half the size as Harborway.  Price up due to lot size and only 3 full baths
  • 2408 Ocean Point Place Original kitchen but a small view of golf course closed $590,000 few days ago
  • 1820 Pembroke Jones Dr,Wilmington  good comp is under contract now listed after price dropped to $535,000
  • 1447 Quadrant Cir,Wilmington, NC  home is so different in style that perhaps it shouldn’t be in this list.  Closed 515K
  • 1317 Regatta Dr,Wilmington, NC  much smaller home closed $520K in Feb.
  • 2009 Spanish Wells Dr,Wil  a smaller home but on similar acreage.  however not an updated kitchen, but backs to nature reserve so some variables cancel each out.  Closed $565,000
  • 1105 Turnberry Ln,W  Closed $565,000 but is bigger.  Price back from this one.
so I think we have to offer net $520,000 (530,000 sales price and $10,000 seller subsidy) to be taken seriously.”

Part 2 is coming soon….You’ve never seen anything like it!

Price Range: $500,000 to $599,000 Price Average: $556,016
Size Range: 2,454 to 42,833 Sq. Ft. Size Average: 7,029 Sq. Ft.
Gallery List Map
1 17 of 17
Under Contract
Contingency
$ 599,000
841 Fox Ridge Lane
Wilmington, NC 28405
Landfall
Bed / 2/1 Bath
2,966 Sq. Ft.
Property Type: House
MLS® #: 100032963
Under Contract
Contingency
$ 599,000
841 Fox Ridge Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100032963
House
2/1
2,966 s.f.
Once you enter this all brick residence, you view only large meandering pond on the Nicklaus Ocean course and the island green #8. With arched doorways, hardwood floors, two fireplaces and an open floor plan, this relaxing home exudes light and comfortable spaces. Inside entertaining provides a walk-in wet bar or enjoy the patio surrounded by unlimited golf and water views. This three bedroom charmer has a great library/den with floor to ceiling bookshelves, plenty of storage with a walk-in floored attic, central vacuum system, plantation shutters - all the elements to make this home!
Under Contract
Contingency
$ 599,000
2004 Spinnaker Place
Wilmington, NC 28405
Landfall
Bed / 2/2 Bath
3,087 Sq. Ft.
Property Type: House
MLS® #: 100048312
Under Contract
Contingency
$ 599,000
2004 Spinnaker Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100048312
House
2/2
3,087 s.f.
Immaculate 3 bedroom home with stunning views of the Pete Dye Lake. Kitchen and Master Bathroom have been recently updated. Light, open floor plan and shows beautifully!
Under Contract
Contingency
$ 599,000
1126 Arboretum Drive
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
3,325 Sq. Ft.
Property Type: House
MLS® #: 100052165
Under Contract
Contingency
$ 599,000
1126 Arboretum Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100052165
House
3/1
3,325 s.f.
You will be WOWED when you walk in the door of this home. Renovated in past 2 years, no feature has been untouched. From exquisite trim to a chef's kitchen, this home will welcome its new owners ready to be loved. The first floor master features large sitting room, 2 separate closets, spa like bath with separate vanities, whirlpool tub & over sized stand up shower. Two bedrooms down and Two large bedrooms on second floor with full bath & large storage. Private outdoor areas with 26 x 10 back patio, pool sized fenced backyard & large gazebo. Located steps from one of Landfall's largest ponds, it is so easy to enjoy everything Landfall offers.
Under Contract
Contingency
$ 599,000
1313 S Moorings Place
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
2,997 Sq. Ft.
Property Type: House
MLS® #: 100046384
Under Contract
Contingency
$ 599,000
1313 S Moorings Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100046384
House
3/1
2,997 s.f.
Overlooking 2 holes of Landfall's Jack Nicklaus designed golf course and sonservation area, this luxury villa features 2900 square feet of quality appointments including an open floor plan with granite/stainless kitchen, a gracious master suite with his and hers walk-in closets. There is an additional bedroom with bath en suite on the first floor and a third bed and bath upstairs with a huge walk-in floored attic. A stacked stone fireplace flaked with built-in bookcases and cabinets, a domed ceiling foyer and a covered porch with outdoor fireplace and built-in barbeque area just a few of the many special touches. Yard maintained by the association.
Under Contract
Contingency
$ 590,000
1401 S Moorings Drive
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
2,967 Sq. Ft.
Property Type: House
MLS® #: 100009700
Under Contract
Contingency
$ 590,000
1401 S Moorings Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100009700
House
3/1
2,967 s.f.
A charming European Villa styled home is located in the Fairhaven section of the gated community, Landfall. Built by premium builder, Dan Kent Homes, this home is immaculate and move in ready. It offers an open floor plan with a soaring lighted rotunda as you enter, showcasing the Formal Dining and Casual Living area. The living room is open to a gourmet kitchen with huge center island and breakfast room. Beautiful built-in lighted cabinetry surrounds the stacked stone fireplace in the living room. The library/office looks out onto the covered porch and gives you beautiful views of the Jack Nicklaus designed Golf Course. The Kitchen and Living Room also have sliders out to the porch which is perfect for relaxing and entertaining.
Under Contract
Contingency
$ 575,000
805 Fox Ridge Lane
Wilmington, NC 28405
Landfall
Bed / 2/1 Bath
2,932 Sq. Ft.
Property Type: House
MLS® #: 100035981
Under Contract
Contingency
$ 575,000
805 Fox Ridge Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100035981
House
2/1
2,932 s.f.
Step inside this well maintained brick home featuring easy one floor living with 3 beds downstairs + ideal Man Cave/Office/Lady's Lair w/full bath, built in cabinets, beautiful flooring & coffered ceiling upstairs. Spacious Kitchen includes lovely cabinets, 2 pantries, double ovens & newer appliances. Enjoy morning coffee in your Sunroom, cocktails under the stars in the hot tub, then sleep well in your Master Suite w/3 closets & redesigned bathroom. Abundant storage throughout the home including large walk-in storage that could be finished if desired. Other features include hardwoods throughout, granite in bathrooms, tall ceilings, crown molding, hot tub, new roof 2013, encapsulated crawlspace, Home Warranty. Conveniently located near the Nicklaus Clubhouse & Arboretum gate. Welcome Home!
Under Contract
Contingency
$ 575,000
2009 Graywalsh Drive
Wilmington, NC 28405
Landfall
Bed / 3 Bath
3,488 Sq. Ft.
Property Type: House
MLS® #: 100038967
Under Contract
Contingency
$ 575,000
2009 Graywalsh Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100038967
House
3
3,488 s.f.
The view says it all! Overlooking two ponds and the Nicklaus Ocean # 7 and #8, this all brick residence offers a great floor plan and updates with plenty of storage.At the end of the cul-de-sac, situated on a .20 acre lot, this unassuming patio home surprises you the moment you enter. Straight ahead you see through the sunroom to the landscape beyond - a water and golf tableau.Updates include new kitchen appliances plus over an 8' granite center island to entertain or enjoy all the storage below. Double ovens, wine cooler, cooktop, refrigerator, pantry and a built-in china closet complete everything you need. The sunroom has diagonal hardwood floors plus its' own heating and air zone. This will be your favorite spot to enjoy this 3500 square foot home!
Under Contract
Contingency
$ 549,000
1728 Signature Place #42c
Wilmington, NC 28405
Landfall
Bed / 3 Bath
2,454 Sq. Ft.
Property Type: Condo
MLS® #: 100021297
Under Contract
Contingency
$ 549,000
1728 Signature Place #42c | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100021297
Condo
3
2,454 s.f.
Located just inside Landfall's gated entry and within walking distance of the Drysdale Sports Center, ball fields and walking trails, this all brick townhouse condominium has been completely updated with new kitchen, flooring, paint, carpet, walk-in conditioned storage, added moldings, cast stone fireplace and blue stone terrace. With exterior building and grounds maintenance provided by the association, this residence features 3 bedrooms, 3 baths (2 on the ground floor), elegant foyer, living room, dining room and cozy den all overlooking a spring fed pond. A must see for the most discriminating buyer!New HVAC, pipes and window film. Televisions and window treatments remain.
Under Contract
Contingency
$ 549,000
2004 Kenilworth Lane
Wilmington, NC 28405
Landfall
Bed / 4/1 Bath
3,986 Sq. Ft.
Property Type: House
MLS® #: 100051600
Under Contract
Contingency
$ 549,000
2004 Kenilworth Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100051600
House
4/1
3,986 s.f.
Great all brick home in Birkdale, Landfall's lovely community of gracious homes. This home features 4 or 5 bedrooms, a first floor study, formal living and dining rooms, and a lovely first floor master suite. Birkdale homes feature full lawn maintenance, and are within walking distance to the Country Club of Landfall. The kitchen features a large island, a breakfast room, with its views to the pond.
Under Contract
Contingency
$ 548,800
1704 Bellevue Court
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
3,124 Sq. Ft.
Property Type: House
MLS® #: 100052937
Under Contract
Contingency
$ 548,800
1704 Bellevue Court | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100052937
House
3/1
3,124 s.f.
This brick villa home offers it all from an open floor plan with a vaulted living room and access to the wraparound deck, to an open kitchen/family room. Upstairs you have three bedrooms, two baths with large closets and great walk-in storage. This home will surprise you with extensive outdoor living - screened porch, deck with built-in benches and a fenced yard with large shade trees and total privacy on a cul-de-sac. You'll love how large this home lives!
Under Contract
Contingency
$ 548,700
2009 Balmoral Place
Wilmington, NC 28405
Landfall
Bed / Bath
42,833 Sq. Ft.
Property Type: Land
MLS® #: 100033859
Under Contract
Contingency
$ 548,700
2009 Balmoral Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100033859
Land
42,833 s.f.
The hidden gems of the South are the creek homes with spectacular panoramic views that include front row seats in an estuary. These lots offer intense nature experiences with wildlife all around, putting on a different show for you each day as the tides flow, each month as the seasons and sun move. You can be profoundly moved by other vistas, but the sensuous creeks of Wilmington and her marshes will seduce you. Visit at sunrise/sunset to 2009 Balmoral Place located in Landfall's Estate neighborhood, The Highlands and be prepared to fall in love.
Under Contract
Contingency
$ 541,410
723 Bedminister Lane
Wilmington, NC 28405
Landfall
Bed / 3 Bath
2,643 Sq. Ft.
Property Type: House
MLS® #: 100047482
Under Contract
Contingency
$ 541,410
723 Bedminister Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100047482
House
3
2,643 s.f.
Emerald homes is introducing on of its most popular floorplans to Landfall. The all brick Forrester floorplan has a very open feel with no wasted space as the kitchen flows seamlessly into the great room. Check out the beautiful dining room with an upgraded coffered ceiling for its intended purpose. A 4th bedroom with a full bath off the great room is perfectly suited for a guest room. Hardwood floors in the living area, granite and tile backsplash in the kitchen and a fireplace in LR.
Under Contract
Contingency
$ 529,000
1233 Arboretum Drive
Wilmington, NC 28405
Landfall
4 Bed / 3/1 Bath
3,490 Sq. Ft.
Property Type: House
MLS® #: 30519402
Under Contract
Contingency
$ 529,000
1233 Arboretum Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
30519402
House
4
3/1
3,490 s.f.
This one has it all! Great curb appeal, low maintenance brick exterior, open floor plan with 4 bedrooms, 3.5 baths including spacious first floor master suite, with his and her walk-in closets. This comfortable home has been meticulously maintained and features include beautiful hardwood floors, loads of built-ins, huge walk-in attic and workshop off of the oversized 2 car garage. The raised back yard terrace overlooks a brick walkway that circles the home and provides the perfect stroll thru blooming camellias, azaleas, hydrangeas, flowering cherry and more!
Under Contract
Contingency
$ 525,555
1718 Fontenay Place
Wilmington, NC 28405
Landfall
3 Bed / 3/1 Bath
2,840 Sq. Ft.
Property Type: Condo
MLS® #: 30530837
Under Contract
Contingency
$ 525,555
1718 Fontenay Place | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
30530837
Condo
3
3/1
2,840 s.f.
A beautiful pond-view home exemplifying elegance with its European flair and architectural details. It features an open floor plan on the first floor with an inviting foyer, large living room, dining room, chef's kitchen, breakfast area, den and 1st floor master suite. Upstairs has 2 additional BRs, a home office and bonus room. The updated kitchen features cherry cabinets, granite counters, pantry, and stainless steel appliances. The living room boasts a vaulted ceiling, wood-burning fireplace and French doors leading to two terraces. Relax in the luxurious master suite with a stylish bathroom, walk-in closet and patio doors leading to a private terrace. Quality abounds with mahogany floors, extensive millwork, specialty lighting fixtures, a courtyard entrance and much more. Dine
Under Contract
Contingency
$ 514,900
2107 Bay Colony Lane
Wilmington, NC 28405
Landfall
Bed / 3/1 Bath
2,768 Sq. Ft.
Property Type: House
MLS® #: 100027677
Under Contract
Contingency
$ 514,900
2107 Bay Colony Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100027677
House
3/1
2,768 s.f.
Gorgeous brick home with open floor plan for easy living and entertaining in style. Kitchen has walk in pantry, granite counter tops, custom floor to ceiling built in with drawers and glass-paned doors for displaying and spacious storage. Bonus room upstairs has full bath and closet and could easily be used as a 4th bedroom. Retreat to the master bedroom suite and bath for serenity with jetted tub and walk in tiled shower. Back porch has been converted to a sunroom to enjoy the pond views year round.
Under Contract
Contingency
$ 509,900
812 Bedminister Lane
Wilmington, NC 28405
Landfall
Bed / 4/1 Bath
3,237 Sq. Ft.
Property Type: House
MLS® #: 100036894
Under Contract
Contingency
$ 509,900
812 Bedminister Lane | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
100036894
House
4/1
3,237 s.f.
Enjoy living in Wilmington's premier lifestyle community when you move into this stunning home in "The Regency at Landfall". Bright and spacious open floor plan with floor to ceiling windows in the vaulted living room along with fireplace and home automation and surround sound system. Large kitchen with granite counter tops, stainless steel appliances, tile backsplash and under cabinet lighting opens to breakfast area and elegant dining room. First floor master suite with tray ceiling, double doors leading into master spa features double vanities, shower surround, separate soaking tub, linen closet and large walk-in closet. To complete this home, second floor has amazing bonus room with full bath, 4 bedrooms and 2 more full baths. Great home for family, guests or work at home couples!
Under Contract
Contingency
$ 500,000
1044 Ocean Ridge Drive
Wilmington, NC 28405
Landfall
Bed / Bath
30,348 Sq. Ft.
Property Type: Land
MLS® #: 30525608
Under Contract
Contingency
$ 500,000
1044 Ocean Ridge Drive | Wilmington, NC 28405
Landfall
MLS® #
Property Type
Beds
Baths
Square Ft
30525608
Land
30,348 s.f.
Ocean Ridge Drive is one of the most exclusive streets in the premier, gated golf course community of Landfall. This residential lot near the end of a cul-de-sac and .70 acres in size, awaits your dream home. It's located on the Nicklaus Ocean #3 fairway with sweeping views of the golf course. Situated across the street from the Intracoastal Waterway, it also has the potential for some water views from the upper floors of your new residence. Landfall is ideally located just a few minutes from Wrightsville Beach, in close proximity to Wilmington's first-class stores and restaurants, and a short drive to Wilmington's Historic Riverfront. Landfall was named the Best NC Community of the Year'' in 2014 by Real Estate Scorecard. Don't pass up this opportunity to live among the finest
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
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