What is urban sprawl worth to you?

For a 30-45 minute commute you can find yourself on an acre of land in a new or newer home custom built to suit your needs at a price that might be unheard of in town. Builders and developers have bought land and developed new neighborhoods further from the city core for as long as I can remember. Wake County has a lot of land making sprawl an easy and affordable option for home buyers that are often seeking larger lots and different home styles than are available elsewhere in town.

My experience shows that buyers seeking certain amenities and price points will move further out. If you saw Wake Forest 20 years ago, you’d really pick up what I’m layin’ down. Landowners laughed all the way to the bank during  the recent boom market as home builders and developers paid through the nose for land to fuel the growth. Overpriced homes were left sitting when the market crashed and buyers seeking the value found in sprawling neighborhoods realized they could afford the same life closer in to town.

Guess what, they aren’t overpriced anymore.

I was showing homes Saturday in Barham Place, a rural subdivision of large custom styles homes on large lots just a few miles north of Rolesville.

Here’s an example of a home for sale in Barham Place right now:

7004 Barham Hollow Drive, Wake Forest NC

Home For Sale

7004 Barham Hollow Drive, Wake Forest NC

  • Year Built: 2006
  • Total Sq. Ft.: 2,955
  • Beds: 3
  • Baths: 2 Full, 1 Half
  • Garage: 2 Car
  • Lot Size: .92 acre

Features include: Fiber cement siding with stone accents on the exterior, wood floors, tile in the kitchen and baths, high ceilings, granite tops and raised panel cabinets in the kitchen, more… There’s a pool and clubhouse for residents as well.

The price? A cool $350,000! That breaks down to $118.00/ Sq. Ft. The buyer paid $380,000 in 2006.