Highlights of College Hill’s Spring 2014 home-sale season … plus the real (corrected!) price paid for 912 Spring Garden St.

107 s mendenhall st.

107 South Mendenhall is getting a new life with new owners and an extensive renovation.

Highlights of the spring real estate season in College Hill:

912 Spring Garden Street
A correction: The sale price of 912 Spring Garden Street actually was $185,000, not $135,000, as we previously discussed on the blog. The sales price was misreported to the Guilford County Tax Department by the law firm that handled the closing. Which answers the very puzzling question of why the house sold so quickly (the asking price was $190,000). Now the question is how does the Tax Department overlook a $50,000 mistake like that? I’ve asked; getting a straight answer takes more time than I’ve been able to put into it lately, but I think I’ll keep trying.

Single-family/owner-occupied home sales
Three houses were sold, and two went for prices that made their neighbors very happy. 817 Rankin Place, an infill house built in 2005, sold for a very impressive $354,000 ($154/sqft) after being on the market just two months. The asking price was $375,000. The 2005 price was $250,000, so the sale represents a 42 percent increase in value in nine years.

924 Carr Street was on the market for almost a year but still sold for $230,000 ($136/sqft). The original asking price in May 2013 was laughably high — $315,000 for a 1,700-square foot house. The house had last sold for $180,000 in 2004. The property appreciated 29 percent in 10 years.

The third sale was 107 South Mendenhall, bought out of foreclosure after Allman Beamon’s death. The price is unavailable; it had been on the market for $144,000. The new owners are doing extensive interior renovations before moving in. The house is a gem, built in 1922 and one of the few brick houses built during the original build-out of College Hill.

Not all sellers were so fortunate. 213 South Mendenhall was taken off the market on July 1 after being listed with an agent for seven months (it had been for sale by owner for many months before that). Its last listed price was $277,900.

924 Carr Street
Sold: $230,000, April 2014
3 beds
2 baths
1,694 sqft
Price/sqft: $136

817 Rankin Place
Sold: $354,000, April 2014
3 beds
4 baths
2,295 sqft
Price/sqft: $154

107 South Mendenhall Street
Sold: April 30, price unknown
6 Bedrooms
3 Bathrooms
2,538 sqft

Condos and townhouses

626 Walker Avenue, Unit A
Sold: $133,500, May 2014
3 beds
2 baths
1,152 sqft
Price/sqft: $116

100 Wafco Lane, Unit H
Sold: $103,500, May 2014
2 beds
2 baths
1,000 sqft
Price/sqft: $104

626 Walker Avenue, Unit B
Sold: $130,000, February 2014
2 beds
2 baths
1,152 sqft
Price/sqft: $113

Rental properties

130 South Tate Street
Sold: $220,000, May 2014
3 bedrooms
2.0 bathrooms
2,292 square feet
Price/sqft: $96

912 Spring Garden Street
Sold: $185,000, May 2014
5 beds
3 baths
2,386 sqft
Price/sqft: $77

924 Walker Avenue
Sold: $137,000, May 2014
4 beds
2 baths
1,760 sqft
Price/sqft: $78

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