5314 Lord Tennyson Rd, Wilmington, NC 28405

Property Description

Unheard of opportunity, estate offers cherished 1-owner Kings Grant home at less than $200/sqft -- far below community peak of ~$300 sq/ft, and well below community average. This is not only a great financial opportunity: the very livable home also offers ~270 sqft bonus + laundry + flex space. A creative homebuyer may consider converting the bonus areas into a large owner suite with attached bath, laundry, and wardrobe as big as many bedrooms. The home's outbuilding offers multiple opportunities; approximately 600 square feet is divided equally into garage and semi-finished space, with an additional ~140 sqft 3-season sunroom. The outbuilding is ready for use as a shop or artist studio, or both. You may consider converting the outbuilding to a separate living area for additional income or in-law suite; its dedicated metered electric service with 200-amp panel is more than enough for any conceivable option. The home's mature landscape reflects a labor of love spanning decades; neighbors enviously compare the spring-time blossoms to Airlie and Azalea Festival gardens. Fully-fenced back yard provides privacy for all, and security for pets and little ones. While this home is immediately livable, it offers an extraordinary opportunity for renewal to accommodate your vision. This home is ready to welcome its new owner, and sure to be ''the one that got away'' for others.