It can be quite a feat to sell a million-dollar house. Some of them remain on the market for years. It’s an even neater trick to sell one without even listing it for sale. It happens, but rarely. And the Owen Moon Jr. House in Winston-Salem is a rare one.
The house, at 1077 E. Kent Road in Reynolda Park, sold for $1.495 million on August 6 without being listed. It was built in 1926. The last time it was sold, in 2015, a listing called it an “English Cotswold Cottage.” I don’t know about the Cotswolds, but around here cottages tend to run quite a bit smaller than 5,500 square feet. The cottage mansion has six bedrooms and five and a half bathrooms. It sits on a two-acre lot. The price came out to $262 per square foot, which isn’t so high at all for a house this grand, especially in a neighborhood this grand.
Update: The house sold for $2 million on October 7, 2020.
The Maya Angelou House has had a $1 million-plus makeover since she died in 2014, so it’s quite different from what it was when she lived there. But it was her house for 20 years, so it definitely deserves its name. It’s for sale now at $2.395 million.
Maya Angelou became the third owner of the house in 1994. She had come to Winston-Salem in 1981 as the Reynolds Professor of American Studies at Wake Forest. After her death, the house was bought for $500,000 by Shelley and Daryl Bible. The current listing agent told Triad Business Journal that the couple “wanted to stay true to the essence of the home and its legacy, but it needed a lot of renovation.”
Even with the shutdown of the economy in recent weeks, the market for historic homes in the Piedmont has been ticking along. Activity has been a bit slower than you would expect in the spring, but houses are still coming onto the market, offers are being made and accepted (sometimes very quickly) and sales are closing.
In Winston-Salem, one of the most remarkable houses sold in the past two months is 125 N. Westview Drive, the home of one of the city’s most significant families of artists — John Ehle, Rosemary Harris Ehle and Jennifer Ehle. The Buena Vista mansion was sold without being listed. The sale closed April 15 for $910,000, a modest $108 per square foot. A listing belatedly posted this week includes only the photo above (Google Street View isn’t any help).
Novelist John Ehle and actress Rosemary Harris Ehle bought the Spanish Revival home in 1969. They were apparently only the second owners of the 8,400 square-foot mansion (the deeds aren’t available online to prove it). It was designed by Charles Barton Keen and built in 1925. An intriguing house, it has a pink stucco exterior and red Ludowici-Celedon tile roof. It sits on two prime acres of Buena Vista.
Like the daffodils that started blooming before this winter’s first snow, spring home-buyers are rushing out early this year. New listings of historic homes in the Triad are being scooped up as many sellers are pricing their homes just right and buyers are jumping at the opportunity.
The majority of these homes are in the more affordable end of the price range, under $300,000, although there are some conspicuous exceptions. Also, these homes are mostly in the larger cities (especially Winston-Salem — what’s going on over there?). Quick sales aren’t happening much in the Piedmont’s smaller towns and rural areas.