Southern Homes: LUXURY FOR LESS

It’s the great majority of America’s dream to live in luxury. Well, if not in luxury at least comfortably. With rental prices rising across the country by leaps and bounds, many are opting to purchase as opposed to rent. Former renters, now first time homebuyers, are citing attractive homeownership perks such as: property freedom/versatility, tax deductions, and equity building. So on behalf of those contemplating home ownership, I asked the question: “What can buyers get for $300,000 or less in each of the South’s capitol cities?” and here’s what I found:

Alabama (Montgomery)

3148 Whitney Drive, Montgomery, AL

4 bedrooms - 3.5 bathrooms

3,311 square feet of living area

Perks: Hardwood flooring, 2 car garage, tinted and energy efficient French doors, 9 inch ceilings, and crown molding throughout

Price Tag: $299,900

Arkansas (Little Rock)

2609 N. Rodney Parham Rd, Little Rock, AR

5 bedrooms - 4.5 bathrooms

4,245 square feet of living area

Perks: 3 story home, Marble and Hardwood flooring throughout, Spacious great room with fireplace, pool and fully fenced yard

Price Tag: $275,000

Florida (Tallahassee)

941 Spottswood Dr, Tallahassee, FL

3 bedrooms - 2 bathrooms

1,296 square feet of living area

Perks: Hardwood flooring, large living room with gas fireplace, large backyard for entertaining with never-rot composite deck

Price Tag: $220,000

Georgia (Atlanta)

1698 Kenmore St SW, Atlanta, GA

3 bedrooms - 3 bathrooms

1,833 square feet of living area

Perks: Brand new renovation, granite countertops, newly built back porch, and professionally waterproofed basement (stainless steel appliances included)

Price Tag: $274,900

Kentucky (Frankfort)

400 Leawood Dr, Frankfort, KY

4 bedrooms - 2.5 bathrooms

3,240 square feet of living area

Perks: Bonus space can be converted to 5th bedroom, new roof, lush landscaping, distinguished neighborhood

Price Tag: $299,000

Louisiana (Baton Rouge)

731 Caddo St, Baton Rouge, LA

2 bedrooms - 2 bathrooms

1,290 square feet of living area

Perks: Newly remodeled cottage, quartz countertops, hardwood floors, natural lighting, master suite with exterior access, and large backyard for entertaining

Price Tag: $285,000

Mississippi (Jackson)

1759 Plantation Blvd, Jackson, MS

4 bedrooms - 4 bathrooms

3,879 square feet of living area

Perks: Large foyer with marble floors, large balcony off master bedroom, family room with wet bar

Price Tag: $259,000

North Carolina (Raleigh)

5308 Brinley Manor Dr, Raleigh, NC

3 bedrooms - 2.5 bathrooms

2,663 square feet of living area

Perks: Stunning Chef’s kitchen, tray ceilings, fireplace, bonus room and an oversized master suite with walk-in closets

Price Tag: $296,900

South Carolina (Columbia)

364 Highland Point Dr, Columbia, SC

4 bedrooms - 3.5 bathrooms

2,476 square feet of living area

Perks: Hardwood floors, 10ft ceilings, spacious double gallery porch, 2 car garage, walk-in closets

Price Tag: $299,900

Tennessee (Nashville)

1024 Trevino Place, Nashville, TN

3 bedrooms - 2.5 bathrooms

1,750 square feet of living area

Perks: Stainless steel appliances, granite countertops, 2-car garage, quiet subdivision

Price Tag: $299,900

Virginia (Richmond)

8403 Spring Meadow Road, Richmond, VA

3 bedrooms - 2.5 bathrooms

1,872 square feet of living area

Perks: Full wrap around porch, fish pond, granite countertops, large back deck

Price Tag: $300,000

West Virginia (Richmond)

1846 Loudon Heights Cir, Charleston, WV

3 bedrooms - 2.5 bathrooms

2,434 square feet of living area

Perks: Refinished hardwood floors, crown modeling, master suite with private deck

Price Tag: $249,900

Now for those of you wondering about monthly payments on a $300K mortgage, check with your preferred lender or banking institution for accurate estimations. Yet, according to NerdWallet, dependent upon percentage of down payment, interest rate, and mortgage insurance costs, monthly payments should range from $1500 - $1950 per month for a home purchased at $300K. (Of course, this monthly price tag will decrease for homes less than $300K.)

Well, until next time folks! Keep it classy, jazzy, and southern savvy! #YourRealtor 🏠💚