TH – 130 Cobblers Circle: 07/07/2012

TH … Tax ID # 225-ME-01-600
 
$108,000 … 11% ($13.000) Under Market (Avg.)
Sold $103,000
130 Cobblers Circle, The Farm at Brunswick
Calabash, NC 28467
 
3 BRs, 2.5 Baths, 1675 GLA (Htd. SqFt) Built 2006

15 Min. to Ocean. 35 Min. to Airport.

This property was hand-picked for The Certifax Report; it has since sold. These deals often go contract pending within days of our reporting. If you want our research, analysis and alerts so you can act fast, subscribe here.

 
This townhouse (TH) is located in a 450-home (more or less) residential neighborhood called The Farm at Brunswick developed by D.R. Horton Homebuilders. This subdivision is located a few miles north of the NC/SC state line, and most buyers in this S/D are retirees. Of the 450 homes, currently about 68 are THs in the Orchards section (like the subject); 58 are THs with 2-car garages in the Glens section (price range $150K to $170K), and the rest are single family detached ($165K to $285K, more or less).
 
The S/D has a pool, fitness center, and residence club.
 
We could find no recent 3-BR sales of THs in the Orchards section. We found four in the Glens section where historically the Glens THs have commanded about $40K more because (a) they have 2-car garages, (b) they have brick facades, and (c) almost all the living space is on the ground floor. The sales below range in price from $150K to $170K with an average price of $161K. But they are about $40K superior to the subject. Thus, we believe this indicates a typical 3-BR in the subject TH section should have a market price of around $121K. The subject and sales shown below were all built in 2006.
 
130 Cobblers Circle, 3 BR, 2.5 Bath TH , 1825 GLA, Built 2006, listed at $108,000
Compared to Recent Sales:

TH Sales at The Farm at Brunswick (all with 2-car garages) BRs/ Baths GLA (SqFt) Sales Price Closing Date Data Source MLS #
90 Field Planters Circle 3/2 1,575 $160,000 06/08/2012 1205134
85 Field Planters Circle 3/2 1,925 $164,000 09/29/2011 1107937
75 Field Planters Circle
3/2 1,875 $149,500 09/14/2011 1111246
87Field Planters Circle
3/2 1,975 $170,900 06/22/2011 1100916

 

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Bank Owned

MLS #1207013
Ocean Breeze Properties, LLC
Listing Agent: Tamara Reid
843-427-4427
TammyReidProperties@gmail.com