201 County Club Drive was a relatively late addition to Greensboro’s most affluent neighborhood. The Colonial Revival was built around 1940, and today it retains the stately elegance of its era, which was rapidly drawing to a close. The house was listed for sale this week at $863,000.
The Morgan House has 4 bedrooms and 2 1/2 bathrooms, in 3,058 square feet, which comes out to an impressive $282 per square foot. The lot is 0.46 acre. The interior looks impeccable; the landscaping is gorgeous as well. The house is a fine example of Irving Park at its opulent best, but it isn’t quite as remarkable as its first owner.
Roy Morgan may have had one of the most distinguished careers of anyone in Greensboro in the mid-20th century, but he may be one of the least known among the city’s leading figures of the time. Aside from serving on the City Council, most of his work was far from Greensboro.
The Conant-Praigg House was sold in April, almost four years after being put up for sale and almost three years after the owners gave up and took it off the market. It was finally sold without being listed publicly again. There are at least a couple reasons why it was a particularly difficult sell. One was a quirk of history.
Even in the hottest sellers’ market in recent memory, the sellers took a $150,000 loss on the house, and that was after owning it for 13 years. They had bought it, sadly, just two weeks before the 2008 real-estate market crash (they paid $850,000 in September 2008). Home prices have recovered overall, but, all these years later, there are still an unfortunate few houses that have been left behind.
The April sale, though, was the second in a row in which the sellers took a significant loss. The 2008 price was $50,000 less than the price paid in 2006. Prices may have peaked before the crash, but there’s another issue at 603 Hillcrest Drive.