Open House ProjectFINA 3554

Zachary G Bass

216 Kandemor LaneRocky Mount, NC

$145,800

4877 Shepherds Way Drive Rocky Mount, NC

$224,800

1779 Barnes Hill Church Road Nashville, NC

$196,900

Bedrooms/Baths 3/2.5 3/2.5 3/2Square Footage 1726 2348 1624Bonus Rooms Office down. Bonus room up. Office down. None.Year Built 1988 2004 2013Water/Sewer City Community water/septic

tankCounty water/septic tank

Porch/Deck Wrap-around. Rear deck. Screened in porch at rear Rear deck/ front porchColor Scheme Cool/neutral. Neutrals

accented well by soft greens and blues.

Neutral colors down. Bedrooms up green and dark

blue.

Neutral colors throughout. Option for new paint.

Furnished Partially furnished Empty Empty.Appliances New refrigerator. Stove,

microwave, dishwasher, and refrigerator included.

Newer stainless appliances. All included in sale.

New stainless microwave, dishwasher with stove to be added. All included in sale.

Improvements Needed Cracked and broken concrete in driveway

None. Refrigerator.

Structural Issues None. None. None.Interior Traffic Good. Semi open concept

down between kitchen, dining and great room.

Good. Open concept down between kitchen, office and dining room. All bedrooms

up.

Good. Open concept between kitchen, dining and

great room.

Master 2 Masters. 1 Down separate. 1 Up across from other

bedroom

Master up, separate from other bedrooms.

Master on opposite side of house from other 2

bedrooms.Closets Average size. Lots of storage

space upstairs.Large walk in closets. Large walk in closets.

Attic/Garage Detached 2 car carport with storage. Lots of attic space.

Attached 2 car garage. Attached 2 car garage.Unfinished second story.

Exterior Traffic Easily accessed. On main road through neighborhood.

Low. House is near end of cul-de-sac.

Average. County road.

Lot Size .31 Acres 1.44 Acres .7 AcresLot Details Good sized lot. Well

maintained. Good back yard for kids.

Large lot. Good sized front and back yards. Back yard

extends past tree line.

Average size. Farm land surrounding.

Home Placement Middle of lot. Facing East. Middle of lot. Facing North. Middle of lot. Facing East.Landscaping Simple. Well maintained.

Very neat.Small natural area well

maintained. None. Little grass in front or

back.Curb Appeal Good. Attractive house. Good. More appealing than

neighboring homes. Average. Not a particularly

exciting house.Exterior Construction Vinyl Brick/vinyl VinylSchools Winstead Avenue

Elementary. Edwards Middle School. Rocky Mount High.

Red Oak Elementary. Red Oak Middle. Northern Nash

High School.

Nashville Elementary. Nash Central Middle. Nash Central

High.

216 Kandemor Lane Rocky Mount, NC

Judy Winstead Moorefield Real Estate252-903-76803:30 September 29

$145,800

1702 Acorn Ridge RoadRocky Mount, NC

$145,500

216 Kandemor LaneRocky Mount, NC

$145,800Bedrooms/Baths 3/2.5 3/2.5Square Footage 1544 1726Price/sq ft 94.24 84.47Bonus Rooms None Office down.Year Built 1995 1988Water/Sewer Well/City CityPorch/Deck Front porch. Rear deck. Wrap-around. Rear deck.Attic/Garage Detached 2 car garage. Detached 2 car carport with

storage. Lots of attic space.Lot Size .39 Acres .31 AcresExterior Construction Vinyl Vinyl

736 Drexel RoadRocky Mount, NC

$149,500

216 Kandemor LaneRocky Mount, NC

$145,800Bedrooms/Baths 3/2.5 3/2.5Square Footage 1876 1726Price/sq ft 79.69 84.47Bonus Rooms None Office down.Year Built 1993 1988Water/Sewer City CityPorch/Deck Front porch. Rear deck. Wrap-around. Rear deck.Attic/Garage Detached 2 car garage. Detached 2 car carport with

storage. Lots of attic space.Lot Size .26 Acres .31 AcresExterior Construction Vinyl Vinyl

3536 Chelsea DriveRocky Mount, NC

$149,900

216 Kandemor LaneRocky Mount, NC

$145,800Bedrooms/Baths 3/2.5 3/2.5Square Footage 1847 1726Price/sq ft 81.16 84.47Bonus Rooms None Office down.Year Built 1979 1988Water/Sewer City. Well available. CityPorch/Deck Front porch. Covered rear deck. Wrap-around. Rear deck.Attic/Garage None Detached 2 car carport with

storage. Lots of attic space.Lot Size .39 Acres .31 AcresExterior Construction Vinyl Vinyl

216 Kandemor Lane Analysis

216 Kandemore Lane appears to be a very good buy. It has a price per square foot of $84.47. It has had new energy efficient windows put in within the last three years, which helps its value and saves on monthly heating and cooling. It also had a new roof put on five years ago. Brand new hardwood floors have been installed in the great room as well as the master bedroom, which really adds to the appeal of the house. The upstairs bedrooms are somewhat small, but that is expected of a house built in that period. The home is in one of the nicer neighborhoods in Rocky Mount. The only drawback is that it is on one of the main roads in and out of the neighborhood, and therefore has more drive by traffic than if the house was on a cul-de-sac. Its price is in line with the comps chosen. One area it falls short is that it has a detached two car carport, where two of the comps have garages. The house on Acorn Ridge Road seems a bit pricey, but, it has been totally remodeled recently, with hardwood, tile, carpet, and paint. It also is just outside the city limits, which is a huge draw for two reasons. The first is avoiding city taxes, which are quite high. The second is that the house is with Progress Energy, which is significantly cheaper than electricity with the city. The other two comparables are very similar for two reasons. The first is that they are both in town and are subject to the same taxes and energy costs. The second is that they are very close in age. With that said, the home on Kandemor certainly falls in line with the other homes’ pricing. One improvement the home could use would be to replace the concrete drive way, which has been torn up and broken by tree roots form the pine tree next to it. Overall, the house falls in line with the other comparable houses, and is undervalued by $6,000.

4877 Shepherd’s Way Dr. Rocky Mount, NCTrevor FooteMoorefield Real Estate252-314-82062:30 October 27$224,800

641 Short Spoon CircleRocky Mount, NC

$239,900

4877 Shepherds Way DriveRocky Mount, NC

$224,800Bedrooms/Baths 3/2.5 3/2.5Square Footage 2998 2348Price/sq ft 80.02 95.74Bonus Rooms None Bonus room up. Office down.Year Built 1984 2004Water/Sewer City Community water/septic tankPorch/Deck Rear deck. Screened in porch at rearAttic/Garage Attached 2 car garage. Attached 2 car garage.Lot Size .59 Acres 1.44 AcresExterior Construction Brick Brick

4489 S Halifax RoadRocky Mount, NC

$238,500

4877 Shepherds Way DriveRocky Mount, NC

$224,800Bedrooms/Baths 3/2.5 3/2.5Square Footage 2131 2348Price/sq ft 79.69 95.74Bonus Rooms None Bonus room up. Office down.Year Built 2002 2004Water/Sewer City Community water/septic tankPorch/Deck Covered rear deck. Screened in porch at rearAttic/Garage Attached 2 car garage.

Detached 1 car garage.Attached 2 car garage.

Lot Size 1.69 Acres 1.44 AcresExterior Construction Brick Brick

6336 Saddlehorn DriveRocky Mount, NC

$214,500

4877 Shepherds Way DriveRocky Mount, NC

$224,800Bedrooms/Baths 3/2.5 3/2.5Square Footage 2204 2348Price/sq ft 97.32 95.74Bonus Rooms None Bonus room up. Office down.Year Built 1995 2004Water/Sewer City Community water/septic tankPorch/Deck Front porch. Rear Deck. Screened in porch at rearAttic/Garage Attic. Attached 2 car garage.Lot Size 2.24 Acres 1.44 AcresExterior Construction Vinyl Brick

4877 Shepherd’s Way Drive Analysis

4877 Shepherd’s Way Drive is an excellent buy. Its price per square foot is $95.74. The home is in the Red Oak area, which is one the most desirable areas of Rocky Mount, offering the benefits of being outside the city, while still being only a short drive to town. The house is also outside of the city limits, future owners avoid paying city taxes. Also, the home gets its power from Progress Energy, which is significantly cheaper than utilities in the city. The neighborhood does have a homeowner’s association, which ensures the neighborhood stays neat and in order. There is a community well, which all the homes are on. However, because of this, the owner is subjected to annual homeowner’s fees. Downstairs, there is a small office, which looks out into the back yard. Upstairs, there is an absolutely enormous bonus room that could be used for nearly anything because of its size. In comparison, the rest of the house feels somewhat small. The dining room and two bedrooms aside from the master feel particularly small, especially for a house with over 2300 square feet. The screened in porch at the rear is made of Trex decking, which is a composite that eliminates the need for future deck upkeep, like re-staining or rebuilding. The backyard is rather large, and extends past the tree line, where there is a brick fire pit, which would be great for evenings outdoors. The home is more expensive than the home on Saddlehorn, but this can be attributed to the exterior brick construction, and the office and bonus room, which the comparable lacks. The greater price of the home on Halifax can be attributed to the larger lot size and the extra detached garage/shop. As for the home on Short Spoon, it seems overpriced. It has nearly 3,000 square feet, but it is an older home and looks a bit dated on the inside. Overall, the home on Shepherd’s Way is a good buy. Its price per square foot is relatively higher than the other homes, but it has a lot features that the other homes lack, such as beautiful custom cabinetry and a downstairs office, as well as the enormous upstairs bonus room. The location of this home is also a huge plus, as the future owner will save a significant amount of money in taxes and utilities, as it is outside the city limits. With all of these features, the home is undervalued by $7,000.

1779 Barnes Hill Church Road. Nashville, NCCindy SmithColdwell Banker,Watson Properties252-314-82063:30 October 27$196,900

3977 Baybrook RoadNashville, NC

$224,900

1779 Barnes Hill Church RoadNashville, NC

$196,900Bedrooms/Baths 3/2 3/2Square Footage 1647 1624Price/sq ft 136.55 121.24Bonus Rooms None NoneYear Built 2013 2013Water/Sewer County water/septic tank County water/septic tankPorch/Deck Front porch. Front porch/rear deckAttic/Garage Attached 2 car garage. Attached 2 car garage.

Unfinished second story.Lot Size .93 Acres .7 AcresExterior Construction Vinyl Vinyl

6214 Moore RoadNashville, NC

$204,900

1779 Barnes Hill Church RoadNashville, NC

$196,900Bedrooms/Baths 3/2 3/2Square Footage 2070 1624Price/sq ft 98.99 121.24Bonus Rooms Sun room. NoneYear Built 1989 2013Water/Sewer Well/septic tank County water/septic tankPorch/Deck None. Front porch/rear deckAttic/Garage None. Attached 2 car garage.

Unfinished second story.Lot Size 10.01 Acres .7 AcresExterior Construction Vinyl Vinyl

1500 Womble RoadNashville, NC

$192,000

1779 Barnes Hill Church RoadNashville, NC

$196,900Bedrooms/Baths 3/2 3/2Square Footage 1837 1624Price/sq ft 104.52 121.24Bonus Rooms None NoneYear Built 2003 2013Water/Sewer County water/septic tank County water/septic tankPorch/Deck Front porch. Front porch/rear deckAttic/Garage Attached 2 car garage. Attached 2 car garage.

Unfinished second story.Lot Size .69 Acres .7 AcresExterior Construction Vinyl Vinyl

1779 Barnes Hill Church Road Analysis

1779 Barnes Hill Church Road is a very good buy. The home’s price per square foot is $121.24. The home is new construction, and offers the buyer the choice of selecting the paint colors for the home. This can be a huge draw for buyers, because they get to add their personal touch to the home. It is also one of the first three homes in the subdivision. The developer has plans to add upwards of 20 new homes to the subdivision. As the subdivision becomes established, this well help the home’s appreciation value. The floor plan is split, giving privacy to the master suite. The master bathroom features marble countertops. The living room has a very high ceiling, which makes the area feel very spacious. The home features 9 feet ceilings throughout, which adds to the visual appeal, and also makes the home more energy efficient, thus saving on future heating and cooling expenses. Perhaps the biggest appeal to this property is the unfinished upstairs. Finishing the upstairs can add significant value to the home. The area above the home can be converted into bedrooms, and there is potential for a very large bonus room above the garage. The home also features a very large back patio, which is great for enjoying the rural surroundings. The fact that this home is new construction also adds value to the home. Its price per square foot is higher than the comparables, but, with it being one of the first homes in the subdivision and the potential for adding rooms upstairs, it has a much higher appreciation value. The home on Baybrook is significantly higher, but the home features an in ground pool, which many buyers like to see. The home on Womble is very much in line as far as price goes. It also features an unfinished upstairs which can significantly add to the home’s value. The reason it is slightly cheaper is that it is ten years older than the new construction on Barnes Hill Church. The home on Moore Road is over 30 years older, which significantly lowers its price compared to the home on Barnes Hill Church. However, it does have over 400 more square feet and sits on 10 acres, compared to the less than one acre of Barnes Hill Church. However, the home on Moore Road still seems over priced for a home with that much age and updating required. With all this information, the home on Barnes Hill Church Road is currently underpriced by $5,000, but the home offers a great investment due to the likely future appreciation and the possibility of finishing the upstairs.