Thursday, October 13, 2005

300 Barnes St. vs. 205 Barnes St.

There are two houses available on Barnes St. in Carrboro. (For those of you familiar with Carrboro it is very close to OWASA).

205 Barnes St. has been on the market for almost a year. 3 bedrooms/ 1 bath, built in 1962, recently remodeled kitchen, 986 sq/ft. on a .2 acre lot. $149,900.

300 Barnes St. has been on the market for about two weeks. 2 bedrooms/1 bath, built 1952, no remodeling (recent or older), 788 sq ft. on a 1.75 acre lot. $175,000.

Why such a large price difference. Well, as they say in real estate- location, location, location. 205 Barnes St. is a solid (if not somewhat dated) home, but it is directly across from an apartment complex. 300 Barnes St. is in terrible condtion, but the 1.75 acre lot is gorgeous-perfect for someone looking to build on a tucked away lot in Carrboro.

My prediction is that it won't last too long.