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Old 01-25-2010, 12:07 AM
 
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Hi, We just moved to this area and look for townhouse within 150K$. We saw Magnolia at Wakefield townhouses. It's within our budget and has good schools. It's claimed to be part of Wakefield plantation, but actually it's further away. The concern is the new 98 bypass road and traffic pattern after its completion. Is the townhouse in the community worth buying if the price is about 140$. Thanks.
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Old 01-25-2010, 05:56 AM
 
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I would have some concerns over the proximity to the 98 bypass. Also, while there are plans to widen Falls of Neuse Road right now it is only two lanes from 98 all the way down to Raven's Ridge Road. In the morning there is bumper to bumper congo line traffic heading south from Wakefiled. If you plan to commute down Falls of Neuse every day you need to keep that in mind. I don't know much about the magnolia community, but I would keep those road issues in mind when taking a look as they are something to consider. Good luck.
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Old 01-25-2010, 08:19 AM
 
Location: Raleigh, NC
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I'm also concerned about the fact that they have been dropping in price since they were built. Having said that, I have not checked in the last few months so I hope they have stabilized.

Another concern was the water tower but you'd have to see that, in person, to see if it is a concern of yours.

There are nice townhouses in the area for between $140s to $150s.

Vicki
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Old 01-25-2010, 03:50 PM
 
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Default Thanks for the insight. You guys are right

Thanks, North Raleigh Guy and Vicki for the info.
Vicki, Why is the water tower a concern too? How does the water tower affect home value? The community was selling at 180s, then dropped to 160s, then to 140s. Now the home is selling around 140. We like wakefield school a lot. But the newer townhomes in Wakefield are selling for 170 to 180s ( some are only two bedrooms).

Sounds you are very familiar with this area. Could you send your contact info, so we can get in touch?
Thanks.
Jenny

Quote:
Originally Posted by VickiR View Post
I'm also concerned about the fact that they have been dropping in price since they were built. Having said that, I have not checked in the last few months so I hope they have stabilized.

Another concern was the water tower but you'd have to see that, in person, to see if it is a concern of yours.

There are nice townhouses in the area for between $140s to $150s.

Vicki
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Old 01-25-2010, 03:58 PM
 
23 posts, read 52,083 times
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Default Very true. I can see traffic on Falls of Neuse rd during rush hours.

North_Raleigh_Guy:
Very true. I can see traffic on Falls of Neuse rd during rush hours. Its long and narrow. The house we are interested has tree buffer in the backyard and the whole community is fenced. I talked to the residents in the community. Some said it's a good thing since it's easier to go around after the 98 bypass is completed. They don't seem to mind that much about the new road. But the people who are already there may have bias in favor of the community. It's a decision that's hard to make.


Quote:
Originally Posted by North_Raleigh_Guy View Post
I would have some concerns over the proximity to the 98 bypass. Also, while there are plans to widen Falls of Neuse Road right now it is only two lanes from 98 all the way down to Raven's Ridge Road. In the morning there is bumper to bumper congo line traffic heading south from Wakefiled. If you plan to commute down Falls of Neuse every day you need to keep that in mind. I don't know much about the magnolia community, but I would keep those road issues in mind when taking a look as they are something to consider. Good luck.
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Old 01-25-2010, 04:05 PM
 
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Default please suggest neighborhood in this area priced around 140 to 150s

Do you guys have any neighborhood pop up in your mind that priced at 140s in this area? Thanks. Schools are important for us since we have kids.
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Old 01-25-2010, 06:16 PM
 
Location: Raleigh, NC
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Cornerstone Park in North Raleigh comes to my mind.

Or would you prefer to stay in the Wake Forest area?

Vicki
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Old 01-26-2010, 11:41 AM
 
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We don't have to stay in Wake forest area. But we like to live in good school district and have to have a garage to put all the stuff I checked cornerstone park. It looks the homes don't have garage.
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Old 01-26-2010, 01:09 PM
 
Location: Raleigh, NC
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Wake County is one huge school district. Some schools do have better scores than others. Johnston County also has a very good school district. When you say you don't have to stay in the Wake Forest area, what areas would you like to stay in? There is a lot of choices here so anything else you can add to your criteria besides price would be helpful.

Vicki
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