Mebane’s future has arrived. In recent years, the town has become a bedroom community, nicely situated on I-40/I-85 between the Triad and the Triangle. With the current momentum for telework, the town may be better positioned than ever. If you have to commute only once or twice a week, or less, to Chapel Hill, Durham or Greensboro, why not live in Mebane?
The town’s home prices suggest that many people feel that way. Two current examples are a couple of 1920’s bungalows that have come up for sale recently. Both are immaculate, and both occupy relatively large in-town lots. 304 S. 5th Street is a 3-bedroom, 3-bathroom home, 2,363 square feet. The price is $430,000, $182 per square foot. A few blocks away, 100 N. 6th Street is a 4-bedroom, 3-bathroom home, a bit bigger at 2,633 square feet, and a bit more expensive at $498,000, $189 per square foot.
Half a million for a bungalow in Mebane? Not too long ago, the the idea would have been laughable. That’s the kind of price you find in Greensboro’s Fisher Park or the West End in Winston-Salem.
Of course, these two houses haven’t sold for those prices yet. The sellers are definitely trying to set a new standard for high-end homes in Mebane. But even though the wild buying spree of last spring is over, the prices of these two bungalows may hold up fairly well. A comparable house sold for $197 per square foot less than a month ago.
- 3 bedrooms, 3 bathrooms, 2,363 square feet, 0.39 acre
- Price/square foot: $182
- Built in 1928
- Listed October 21, 2021
- Last sale: $330,000, August 2019
- Neighborhood: Old South Mebane Historic District
- District NRHP nomination: “This is a 1-story Craftsman-style house of wood, finished in vinyl siding, with a gable-front roof, with paired gabled projections on the south elevation.
- “The façade incorporates both a shed-roofed porch and an open extension of the porch which forms a patio. The porch and patio are within a wood balustrade with square balusters and red brick piers. The patio is accessed from the inside by a double set of French doors.
- “There are flat-topped windows with multi-light/1 sash, including fixed multi-light horizontal windows in the gable ends. Exposed purlins are visible under the eaves and an interior red brick chimney penetrates one of the slopes of the roof.
- “A porte-cochere is on the north elevation, formed by an extension of the porch roof.”
- 4 bedrooms, 3 bathrooms, 2,633 square feet, 0.51 acre
- Price/square foot: $189
- Built in 1920
- Listed September 24, 2021
- Last sale: $108,000 November 2007
- Note: Located across the street from the White Furniture Company factory, listed on the National Register and now converted to high-end apartments.