The highest- and lowest-priced single-family home sales last week
Southern Homes of the Carolinas
HIGHEST
7402 Morrocroft Farms Lane, Charlotte
Sold price: $3.5 million
Square feet: 9,794
Linwood Bolles said he – finally – is having a year worth getting excited over.
“The last time I had a phenomenal year was 2007,” said Bolles, an agent with Allen Tate. “I hope this keeps up.”
“This” refers to sales like 7402 Morrocroft Farms Lane, a Charlotte home for which Bolles was the listing and selling agent. The home sold last week for $3.5 million.
Thanks to that sale, the average sales price for the 12 houses Bolles has sold this year is $900,000.
Like a lot of luxury home sales, this one required showing the buyers plenty of homes: Bolles said he worked with these particular buyers for two years.
“We looked at almost every luxury listing in Charlotte,” he said. “The buyers wanted a certain uniqueness. They liked this home’s floor plan – with a master suite on all three floors – and the acre of land where they can put in a pool if they want one.”
Bolles said he started working with the sellers three years ago. At first, the sellers did not want to list the home, hoping instead that Bolles could sell it through word-of-mouth advertising, he said.
“I kept trying to explain that wouldn’t work well,” he said, “but they insisted. I showed the home about seven times before actually entering it into the MLS in January.”
Bolles said the house generated a lot more interest once it was listed. It attracted prospective buyers from as far away as Ohio, Illinois and California, he said.
The home went under contract in February and went into closing three months later.
“That is a little longer than usual for a home to be under contract for me,” he said. “But the sellers wanted a little extra time to get all the furniture and everything moved out.”
Bolles said a lot of people asked him why he wanted the hassle that comes with being the listing and selling agent.
“But as I told the seller, ‘If I come to you with someone who says they want to buy your house, are you going to turn me away?’ No,” he said.
The list price for the home, built in 1999, was $3.95 million.
“Of course, the sellers wanted to get more money,” he said. “But they were happy with the end result. I think sellers always wish they could have gotten a little higher price.” Lake Norman Real Estate Charlotte Real Estate Lake Norman Homes for Sale Lake Norman Real Estate Charlotte Homes for Sale
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