The local real estate market recently witnessed a fascinating transaction involving a historic property located at 245 North Cedar Street in Leland. This single-family residence officially changed ownership on August 14, drawing significant attention from regional buyers.
With a legacy spanning nearly a century and a half, the estate offers a unique glimpse into the past. We often explore such remarkable properties in our detailed collection of architecture articles for enthusiasts and prospective buyers alike.
Property Specifications and Details
Originally constructed back in 1875, this remarkable two-story home boasts an impressive amount of space. It provides a generous total of 3,160 square feet of comfortable living area.
The residential structure sits comfortably on a sprawling, picturesque lot spanning an expansive 2.5 acres. Such generous acreage is increasingly rare to find paired with structures rooted in historical architecture.
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Valuation and Market Pricing
The final recorded sale price for this Cedar Street estate reached an impressive $525,000. This valuation breaks down to a very reasonable approximate cost of $166 per square foot.
Understanding these metrics helps buyers navigate current trends, much like the advice found in our helpful informational guides. Evaluating cost per square foot remains a vital tool for smart real estate investments.
Comparative Neighborhood Sales
To truly understand this transaction, we must look at wider regional market activity in Leland. Nearby comparable sales highlight how unique properties command distinct price points.
For instance, another single-family home located on North Grant Street sold earlier in August for $287,000. These neighborhood variations heavily influence broader trends in regional architecture.
Recent Local Transactions
Another notable transaction involved a slightly smaller residence situated on North Hall Street back in January. That particular home offered 1,884 square feet of living space and sold for $270,000.
That winter transaction equated to a price of roughly $143 per square foot. Observing these shifts provides incredible context for anyone passionate about contemporary home design and local valuation.
Final Thoughts on the Leland Market
The sale of the Cedar Street estate proves that historical charm remains highly desirable in today’s market. Buyers continue to seek out properties that offer both character and acreage.
As our community continues to evolve, tracking these sales helps everyone stay informed. Whether you enjoy local architecture tours or analyzing market data, Leland remains a vibrant place for real estate.
Here is the source article for this story: Single-family home sells for $525,000 in Leland
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